St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-18
FINANCIAL.
New Kerk.

New YORK, June 17.-ClearingS. S14S,-i
54s, 1879: balances, sS.O6O65l. Money ON
call cas- at 4@419 per cent; last loan,
4, closing offered at a. Prime mercan-
tile paper, 1906. Sterling exchange
quiet but steady at S4.S54 for siXty-day
bills, and S4.S7% for demand. The
waiting attitude of operators on both
sides of the market again resulted in
making an intensely dull stock market
to-day, which possessed even less feat
IRE than that of yesterday. The little
interest which was manifested in Sugar
Retineries yesterday seemed to have
dis appeared entirely, and the trading
in that stock was the smallest
for any full day for months,
while its fluctuations were on an equally
limited scale. The transfer books closed
to-day for the payment OF the recently
declared dividend of ~ per cent, and
the Boston stock exchange was closed
to-day, being the anniversary of the
battle of Bunker Hill, and as there was
court of appeals there was nothing to
base an opinion as to the course of the
stock in the future upon. The only real
feature in the market to-day was the
weakness in Oregon Transcontinental
owing to the disfavor with which the
circular of stockholders has been re-
ceived. The friends of the manage
ment, however, say that the sentiment
will not be far reaching and as
the merits of the scheme become
known the stock will again appreci-
ate in value. The selling to-day was
of the same professional character asusu-
al for the past few days, and the decline
is probably the feeling of the market by
the bears. The news of the day con-
tanned the usual installment of advices
of rate-cutting and disagreements in
the West, but these were fairly Offset by
the reports of earnings and the small
progress made toward complete har-
mony among the roads in that section
of the country. The course of the LaFe
Shore, which has met with SO much cen
sure, seems to have only caused cessa-
derbilt stocks, but as that is shared by
the entire list. it probably signifies
nothing. There was 100000 more
gold taken for export by the same firm
which sent the last lot, but no informa-
ton as to the character of the shipment
could be obtained, other than it
goes to Germany and the rates of
exchange on that point permit it to be
made without loss. 1t. of course, had
its influence in aiding the declines. but
the trading was so limited that the eff
feet of no one thing counted for much.
The traders had the market all to them
selves. The opening was lower, in
sympathy with London, and until the
last hour there was a slow but steady
| yielding of values, which, however, only
| in Oregon Transcontinental reached
anything of Importance. The shorts
went into cover late in the day, the re-
| ports of the progress in making silver
bill helping the advance, and the trusts
were special strong, Chicago Gas NOV
dull but firm, but still at small frac-
tional losses for the day in the
great majority of the list. The
late recovery brought up Oregon
Transcontinental and it lost only frac-
ton, and the only important final change
was the gain of l & per cent IN Chicago
| Gas. Railroad bonds were also slightly
more active, the total sales being $685.
600; but there was less pronounced
| character to the market, and the final
| changes are in but few instances of any
| Importance. st. Paul consols are off 2
| per cent. Government bonds have been
! dull and firm. State bonds have been
dull and steady. The Post says: 1.-THE
Union Pacific's report of net earnings
| for the four months to April 81 shows
very clearly which are the prosperous
parts of its SYSTEM. The net earnings
of the entire s,O36 miles of the whole
| system we're So, .241, against 1885,
234 in the same period last year on 1884
miles. an increase of only $136,006, or
IA per cent. The cause of this rather
poor showing was in the large decrease
of earnings of the Oregon Navigation
company, which did not earn its operat-
ing expenses for the four months by
s166, 800, instead of having net earnings
| of 1882, 427, as in the same period of 1889,
| and consequently shows decrease of
S4l9,247. This. of course, affected the
| earnings of the Oregon Short Line, to