St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-22
FINANCIAL
New York.

New York, Aug. 21.-Clearings, S119,575,-
215; balances, S~7,143.592. Money on call
easy at 400 per cent; last loan 8; closed
offered ut u. Prime mercantile paper, 4S4@7.
for sixty-day bills, and 81 S74 for demand.
The stock market 10 day was somewhat more
animated, but the improvement was confined
to less than a half dozen stocks, and those
were affected by special causes The apathy
of operators continued, and all classes
seemed even more than usually indisposed to
make any move in the market. The an
nouncement of the deal in which the Union
Pacific obtains control of Navigation served
to keep the stock firm on a declining
market, but the extreme iuctuating OF the
stock for the day was only Ss per cent. The
trusts were again active, though the volume
Of business was somewhat smaller than
usual of late, and Cotton OIL enjoyed a re-
action which recovered some OF It's loss, n
Sugar also moved up materially. The feature
of the day, however, was the activity and
sudden rise in the Northern Paclfics upon
the announcement of the approval of the
new %refunding scheme and the understand
ing that hereafter the preferred stockholders
were to receive all that is due them: c., c.,
c.. d ST. L. was weak in the early trading, but
recovered partially later in the day. The
general list was more uninteresting and duller
than usual, and the transactions outside
of the few stocks mentioned were en-
tirely devoid of feature or interest.
Inc MARKET OpeLeu tdule anu SAlIeiHSlS uuli,
with first prices showing only slight changes
from last nights figures. The tone OF the
general market was firm, but there was con.
siderable pressure upon c, G., c. d st. L.. and
Western Union, the former retiring l per
cent, but this was soon removed, and Cotton
Oil developing marked strength, the regular
list became firm throughout. Sugar Trust
followed after Cotton Oil, and the coal stocks,
while very dull, led in the general list. In
the afternoon. the Northern Pacifics became
the features, and the preferred rapidly ad-
vanced Us per cent to 90. and the common
IN. oregon Tra%nscontinental followed.
The movement was soon over, however, n
the market later reacted when a slight furry
in money sent the rate up to 6 per cent. The
market closed dull and steady to firm, at a
are generally insignificant and about equally
divided between gains and losses, though
Delaware 4 Hudson is up ia and Northern
Pacific preferred l$s. There was the usual
uuiet business in bonds, the sales aggregat-
ing S765, 600, and the market presented a
stronger front than for several days, with the
international & Great Northern issues the
special feature. Most of the final changes
were for insignificant fractions. Ohio, In
diana & Western seconds rose 2l2, to so: In
ternational coupon skies 5, to SO; New York
& Northern firsts, DE, to HOP, and South
Carolina seconds, 4, to 81. Government
bonds nave been dull and steady. State
bonds nave been entirely neglected: The
shares, Including: Atchison, 4,10a; Della
ware, Lackawanna & Western, 10, $50; Mis-
souri, Pacific, $3.50: Northern Pacific, H.
255; Northern Pacific preferred, 26,503;
Oregon Transcontinental, 7.I2S; st. Paul,
l2,IlO; Western Union, {, $50.