St. Paul daily globe., 1889-06-25
FINANCIAL.
New York.

New YORK, June 24.-Clearings, $72,-
s14,532; balances, $6,236,66s. Money on
call easy at 1l3@3 per cent; last loan. IN
mercantile me paper, 3N@5la. Sterling ex-
change dull, but steady at 4.S7 for sixty
day bills, and $4.8SA for demand. The
stock market to-day was all one-sided and
the preponderance Of the speculation was
once more in the trusts while railroad shares
were comparatively neglected there being
no real activity in any of them, while only
five showed any animation whatever. The
trusts, on the other hand, were extremely
active and decidedly strong, and Tor the first
time since the formation Of the unlisted de-
partment the transactions in that class of Sc
curities exceeded those in the regular list.
The movements in the latter were small and
unimportant, while there was a general
dropping tendency caused by the scalping
operations of the traders on the bear side.
The Western railway advices were again un-
favorable. and further cuts were reported on
the part of the $500 line, and the meeting
of the presidents of the roads in the inter
state association was postponed on account
of the inability to get quorum together.
There were further good advices from the
growing crops, but these seemed to have lit
tie influence. The grangers and the Gould
stocks were leaders in the downward move
ment, but in none Of them were the f1uctua-
tions of special importance. Chicago q East
Illinois on the improvement in the earnings
showed positive strength, and the preferred,
with Chicago Gas. was the only stock which
showed a material advance. Among the
trusts the dealings were enormous and the
excitement at times intense. Sugar took the
lead in the upward movement but National
Lead i'll the amount of transactions. The
former was helped by the steady rise in the
value of sugar abroad and the reduction in
the estimates of the beet root crop in Europe,
and the buying was largely by insiders a nd
in the first fifteen minutes the stock rose to
126, against 11S4 Saturday evening. Heavy
realizing sales followed the sharp advance.
1913. net gain of 4l2 per cent.
Lead was bought on rumors of the
acquisition of the Atlantic works, al
though the news could not be authenti-
Gated. Cotton oil alone remained within
comparatively narrow limits, though large
business was done in the stock. The market
closed quiet but firm at irregular changes for
the day. The sales of unlisted stocks, how
ever, reached a total of 1S4,7S6 shares to
Cotton Oil, 8,847; and Sugar Trusts, 20, 169.
Lead closed at an advance Of 3ss per cent.
In the regular list Chicago Gas is up 1sb per
cent and Chicago & East Illinois preferred
lHa per cent, but the other changes are ir
regular and for fractional amounts only.
There was falling off in the amount OF bus
iness done in railroad bonds, but the
general tone of The market was still
firm, and few issues made marked
advances for the day. The 80 sales
of which Chesapeake 4 Ohio lists contrib
uted S122, 900 and Reading As 1O3, 900. The
only special feature was smart rally in the
Hooking Valley issues. which rose the 5s
2A to 6sA. Burlington & Quincy consols
declined 2 at 134. Government stocks have
been dull and steady to firm. State bonds
have been dull and without feature. The
total sale Of stocks to-day were 159, ,662
shares, including: Athison, 12,O25; Della
ware, Lackawanna & Western, 1850:
Northwestern. 3,7UO: Northern Pacific pre-
ferred, a, $50; Reading. 1O,665: St. Paul, 49,
420; Union Pacific, 5000; Western Union,
3,455.