St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-20
FINANCIAL.
New York.

New York, July 1s.-Clearings, S1O6, 1884,
$780, balances. $5,6l4,5S5. Money easy at
2@3 per cent; last loan, 3 per cent; closing
offered per cent: Prime mer ;anlile paper,
at ST.. SO for sixty-day bills, and S4.S7& for
demand. The stock market was extremely
dull again to day, and at times possessed no
character whatever, but in general it was
weak, and the days operations resulted in
lower prices over the entire list The Lon
don prices again come materially higher this
morning, that market being Influenced by
the report circulated here yesterday that the
Chicago Burlington d Northern had been
finally absorbed by the Chicago, Burlington
buying orders in some of the special
ties, and the result was that our
opening prices were from lsto ss per cent
above last nights figures in most of the list,
though Missouri Pacific and New England
were notable exceptions. being down 81 and 38
per cent respectively. The engagement Of
S1,OOO,Oo gold for export last night was
followed by further Withdrawals and the
amount had been made up before noon to
S3O9o,000. The traders began to talk again
about monetary stringency upon the strength
of this and attacked the list again, Missouri
Pacific and Rock Island receiving especial
attention In the early trading, and the net
loss on those stocks was about l per cent.
Dizziness became the only feature, however,
and as the selling pressure was removed
prices rose again, and Sugar Trust, which had
opened down l per cent. rallied to
Ito, but the losses of the regular list were
not made up. In the afternoon the attack
was resumed, and New England, Atchison,
Sugar, st. Paul, Missouri Pacific and Reading
were all conspicuous III the decline. Lacka-
wanna followed in the last hour, but there
was partial recovery in most stocks at that
time, and the market closed quiet and fairly
steady at something better than the lowest
prices. The news of the day was not of
special Importance, though the reports Of
earnings were generally favorable and the
crop news was Of similar tenor. The report
of the absorption of the Burlington & North
ern was denied, which had considerable i'll
is almost invariably lower, though the
changes are for fractional amounts only, eX-
cept in Lackawanna and New England, each
Of which is down per cent. The dizziness
and apathy in the bond market was again
remarkable, the sales of all issues aggregat:.
ing only 1851, 900, while the only feature of
the dealings was the further decline in the
Hooking Valley issues upon the report that
the August interest would not be met. There
is no interest 10 be met until September, and
the officers of the company say that will, in
all probability, be paid as usual. The fves
were the most active issue, and the trading
in them reached SS1. 900. The general mar
ket showed no feature or character and the
changes in quotations were confined to the
smalles. limits, except in few issues.
Hooking Valley fives lost at 81, Mo-
bile & Ohio tours 4 at 50. Government
bonds have been dull and steady. State
bonds have been dull and without feature.
Gold bars to the amount of 81 900, 900 were
ordered to-day for shipment TO Europe to-
morrow. Total to go by to-morroW'S steam
ers, S2,960O00. The total sales of stocks
were 10000 shares, including Atchison,
Is, 100; Delaware, Lackawanna d Western.
10000; Missouri Pacific, 500; Northern
Pacific preferred, $500; New England. r.
800; Heading, $4,000; Richmond & West
Point, z, 700; st. Paul, 24,65O; Union Pa
clfic 6,00O.