St. Paul daily globe., 1889-05-30
New York.

New YORK. May 29.-Clearings. S144,576,
754; balances S5,043,646. Money on call
was easy at 2012i2 percent last loan; closed
offered at 2; prime mercantile paper, 3l2@-
5l2. Sterling exchange dull but steady at
S4S7A fer sixty-day bills and $4.SS& for
demand. The total sales of stocks to-day
were 257, ,SC6 shares, including: Atchlson.
1929; Canada Southern, 6,795; Della
ware Lackawanna d. Western, $500; Lake
Shore, 1905; Michigan Central. 3.3O5; Mis-
souri, Pacific, 9.lUO: Northwestern. 10,510;
Northern Pacific, 4,l45; Northern Pacific
preferred. 1920; Reading, ll,2lO; st.
Union. 2l.l24. The heavy advance III the
stock market met with check to-day ana
while the business done was materially
smaller than that of the past few days,
the list at the close was invariably lower, the
losses in some Of the late favOriteS were quite
marked. The recent rumors that Mr.. Armour
had closed out his deal in st. Paul and the
heavy realizations during the past few days
were supplemented by a change in the tenor
of dispatches from Chicago, and rate cutting
frost and damage to the crops 10 fill out with.
In addition to these influences, tomorrow be-
ing holiday, there was plenty Of closing
cut of outstanding accounts, ana many
brokers intending to leave the city over until
Monday, the sales for the long account ag
gregated a respectable amount. There
were selling orders for other outside
centers, however, and London contrib
uted to the depression, though Boston was
still bullish and brought some of its favor
ties. The Chicago specialhes, however, were
the leaders in the decline and furnish almost
ali the important losses sustained for the
day, while the Fanderbilts were the firmest
group and spurt in Western Union, during
the morning hours, enabled that stock to
score the only advance among the active
shares. The failure of the directors of the
Cotton Oil trust to come to any conclusion in
the matter Of dividend, depressed that
Il {ho net chnVn
were weak in sympathy, while a few of the
lighter shares were especially strong and
Chicago d Atlantic and East Tennessee
were very noticeable. The, movements
in the majority OF the general
smallest limits and the fluctuations
seemed possessed of little or no significance,
but the general weak tone of the market car
ried them down. The market opened with a
much smaller volume of business and the
first sales were made at small declines from
the closing figures of last evening and cotton
oil dropped 1lh per cent followed by the
stocks in the regular list with fractional
amounts. Western Union showed marked
strength toward noon, but it had no stimnlat
ing effect upon the rest and Canada South
ern followed with the same result. The
market became more quiet IN the afternoon,
but toward 2 p. M, the downward movement
gathered more force and lowest prices We're
generally reached about that time. There
was slight rally i'll the last hour, but the mar
ket finally closed heavy to weak at about the
lowest prices OF the day. In the unlisted de-
partment the trust stocks were still leaders,
although somewhat less active than usual of
late. and among the second division Bruns-
wick was leader for time, and closed rather
higher after selling at 4. Everything is
lower. and Rock Island lost, 1A;. Atchison.
Missouri Pacific and St Paul each 1ls, and
Northwestern l per cent. Railroad bonds
were again active, and the sales Of all issues
aggregated 50, 2S9, ,OCO. OF which Rock Island
IS contributed Sl37, 900. Atlantic g. Pacific
incomes S135, 200, and Denver receipts
$4,000. The tone of the market, however,
was not as strong as usual of late. and many
declines were scored though the major
ity Of the changes were in the difec-
ton of higher figures. The principal
gains were Keokuk & Des Moines lists Az to
1O6ls, Kansas Pacific Denver 6s gig to rs,
Vandalia & Terre Haute lists 3l2 to 10912,
and Shenandoah Valley LIST receipts 2 to 50.
The weak spot in the list was the Hooking
Valley issues. and the fives dropped to II,
the receipts 4ls to 70. Government bonds
have been dull and steady to firm. State
bonds have been dull and strong.