St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-13
FINANCIAL.
New York.

NEW YORK, May 12-Clearings. S7S,999,-
S2l; balances. S4, $50, 226. Money on call
close, ranging from 5l2 TO 10 per cent; last
loan TO- closed at 10 bid Prime me ssEcs
steady at 81 S4A for sixty-day bills, ana
81. SGIa for demand. The failure to recog-
nize the Interstate Railway association on
Saturday and the adjournment of the meet
lngs without practical results create9 leei.
ing of dependency among the holders OF
the Western stocks this morning, ana there
was liberal selling of some of those spe-
cialties during the day. The bears
hailed the adjournment as the signal
for the end OF the ,a . savan inf11
ence to the selling of long stocks among the
Western ROADS. The buliSh feeling here,
however, runs so high that there was no dis
position to let the decentralization in thaC
part of the country interfere with the well ell
known prosperity of the remainder OF the
country, and other stocks still showed
marked strength, the Vanderbilts being The
most prominent. with the addition or the
Gas stocks The market, as q consequence,
was active and Irregular, with considerable
feverishness throughout the day, Wh!le inc
important movements were confined to few
Stocks the rest of the market moving within
comparatively narrow limits. Missouri IA
cifc early became the weak polnt IN
the list. and the transactions in that stock
ran up to larger figures than have been seen
for some time while the pressure to sell 1t
kept it moving steadily IL the DOWNWARD dl-
rection, the closing price being put a SnaQe
better than the lowest. Rock Island was an
other sufferer, though tile business done IN
il was small. Chicago contributed liberal
selling orders in all the granger stocks, ana
also continuous stream OF dispatches IN re-
gard 10 rate emitting and the demor6llzatlon
of the railroad situation. Outside OF the TWO
stocks named however. there was little ef-
feet produced by these tactics, and the mar
ket again demonstrated its inherent strength
to the satisfaction of most OF the
bulls The Gas stocks were strong
all the way out, and in the afternoon the
Vanderbilis all became active with q mater
| ial advance in all of them, though Canada
! Southern and Big -Four were most prominent.
| Tue coal stocks also showed marked strength.
! especially LackaWanna and Delaware q Hud-
| son. the latter making one OF It's sharp up
ward turns and scoring The largest advance
! Of the day. Money began to work closer II
| the afternoon, and the rate on call was bio
| up to 10 per cent, the close being at that Zig
| ure bid. This had q determined effect OF
purchases, and induced considerable real
| ling among the smaller operators, which
! tendency toward delivery hour and wiped
| ont large proportion Of the gains Of the
! forenoon. The close was active and WeaS
! and generally at fractional declines iron
Saturdays final figures me only imp mp I,ad.
Island l% while Delaware y Hudson fost
ga ard Chicago Gas ia. Railroad bonds
were more active than usual. the sales ex
| tending to So. 2T6. 900, while The market par
! ticipated in the heaviIess of the STOCK mar
ket and many issues are materially lowe
this evening While the general tone of th'
dealings was strong. There were no pro
nounced movements in the list. Gov
ernmeut bond have been duh and steady
State bonds have been entirely neglected
The Post says: THE rise in Delaware 4
Hudson is not due to any new development
or any sudden change in the coal affairs
For several years the company has beel
steadily converting its z per cent bonds a
1891 will have SO converted S1O,000,000
linus reducing its fixed charges AT the sam
time The company. While earning about !: