St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-29
You Should Call on Fa||ihee & Snow.

tile paper cor. Sterling exchange quiet
and steady at S4.S415 for SiXty-day bills,
and S4.S719 for demand. NOtWithstand
ing the general expectation that the
bank statement to-day would be all I'M
favorable one, the bullish character OF
the news and late Developments in the
railroad world stimulated some buying,
especially for foreign account this morn
ing. and deferred the professionals
from hammering the list. The opening,
therefore. was strong though dull, and,
except for short time. the market pre-
sented a firm appearance throughout.
The manipulation of Chicago Gas
by which it was dropped suddenly 2
per cent in early dealings was the cause
of the temporary interruption of the
upward movement, but the loss was
soon recovered, and on a very moderate
business steady though slow advance
took place, leaving most OF the list
small fractions better than last evening
at the close. The features of the day
besides the movement in Chicago Gas
comprised sharp advance of ~ per
cent in Pullman Palace Car stock and a
material gain in Pacific Mail for no APP
parent reason. The trusts were very
dull, and moved within narrow limits.
The rise in Pullman was caused by an
order to buy few hundred shares
only. The final changes are generally
slight, but Pullman is up 9, Pacific
Mail ", and Canada Pacific ~, the
last named on sales of only 200 shares.
Railroad bonds were comparatively act
i've, with sales of 1868, 900, and the final
changes show an unusual number of
important buys, though they are among
inactive bonds. Baltimore & Ohio Par
kersburg is lose ~ to 100, and Chicago
Gas lists 81 to 100. Government bonds
have been dull and steady. State bonds
have been neglected. Exports of specie
from the port of New York last week
amounted to 1864, 223, of which $500, 4S2
was in gold, and 1913, TAI in silver. The
imports of specie for the week amount
ed to S349, 16l, of which $166,409 was i'll
gold, and $751; silver. The Post
says: While the net result OF the weeks
trading is lower prices for the majority
of stocks. the result in that direction is
SO insignificant and the market has
shown such strength under very
unfavOrable circumstances that 1t
affords ground now for the eXpecta-
ton of an important advance some time
next month. The disbursements of the
United States treasury after july l Will
'be heavier this year than ever before,
and this together with the usualcOrpOr-
ate interest and dividend disbursements
for the half year will certainly relieve
the money market here, and even if this
easier condition results i'll some further
exports of gold they will relieve the
London market and make London and
Berlin buyers of stocks. 1t was pretty
we'll settled by the trunk line presi-
dents yesterday that there would be no
serious trouble with rates, and alto
gether the railroad situation is suffi-
GENTLY encouraging to warrant the ex-
pectaiion of higher prices for stocks
after the national holiday. The total
sales of stocks to-day were 65,475 shares,
including: Atchis0n. 5,7O5; Hooking
Valley, 1850; Lake Shore, 2,210; Louis
vile Il Nashville, I,7GO; Oregon Trans
continental, BIO; Pacific Mail, $3.50;
Reading. 1900; st. Paul, 1900; Union
| Pacific. $500.