St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-05
COCHRAN & WALSH.
Corner Fourth and Jackson streets.
Zeal Estate and Mortgage Loans
General Financial Agents.
WALKER E. CO
FINANCIAL.
New York.

NEW YORK, Jan. 4-Money on call easv.
ranging from B to per cent; last loan 3
per cent; closed offered at 2 per cent
Prime mercantile paper, 5s4@712 per cent
Sterling exchange quiet and firm at 81 80
for sixty-day bills and 4.S4 for demand.
The total sales Of stocks to-day were l3O,-
"a shares, including, Canada Southern,
1900; Delaware, Lackawanna & Western,
1880; Kansas & Texas, 5000; Lake Shore,
$3.50; Missouri Pacific, 11,l7l; Northern
Pacific preferred, 2,055; Oregon Transcon-
tinental, 1910: Pacific Mail, $500; Reading,
800; Richmond & West Point, $685.; St.
Paul, 1926; Texas Pacific, 1000; Union
Pacific, 1850: Western Union, 100. The
stock market was again moderately
active to-day, and in that respect furnished a
marked contrast to the dealings during tbs
same hours of yesterday. and the urgent de-
mand for stocks which was developed in YES
terday continued with the result of moving
everything traded in higher than last even.
ing. The money rates to-day were, of course,
merely nominal, but they were low ana the
purchasing for the long account assumed
larger proportions, and aided by the demand
from the short, strong and steadily advanc-
ing market was made. The uniformity of
the improvement was feature and the only
marked advances occurred in specialties.
The opening was active and strong al ad-
vances over last nights figures extending 50
per cent and with the single exception
of sugar refneries which was sold
on rumors Of probable contest between the
refining interests, the entire market moved
up. though the only specially prominent ad-
vance was in Colorado Coal, which spurted
up 2I4 per cent in short time. Sugar retired
about 2 per cent, but recovered a largeR Dor.
ton of the loss while the general list was
subjected to moderate setback toward IL
o clock. This was of short duration how.
ever, and the upward movement was soon
resumed. though with less force. and no
further feature was developed, the close be-
ing active and strong, with prices generally
at the highest points. Pacific Mail was adj
VanQ1d rumOrS nI favorable of
Washington and on points emanat-
ing from the insiders and Lead
Trust was bought steadily on the
belief of better prospects for
the trust. Illinois coal and coke was again
active, and advanced small fraction over its
last evenings price. The entire active list is
higher tonight and while the improvement
is generally measured by fractions, Colorado
Coal aud Central Pacific are each up Up, and
Pullman Ia, while sugar refineries lost a.
Railroad bonds were more active than
they have been for some time. the transac
tons for the two hours reaching $3.50. 900,
with the Chesapeake & Ohio SIS specially
prominent in the dealings, with transactions
of Sl20,u00. Shenandoah Valley lists GER
tiicates rose from to lis.
So, 6S3. 600, against 81, 491, 900 for last week
The Post says: up to last night
stocks had advanced steadily during the
last three business days since Mon
day, when the lowest prices of the week, or
| of the two weeks. were made. The market
has been remarkably strong for the last ten
| days considering its extreme dullness and it
was apparent that an important rise was de-
| layed only by the stringency of the money
\ market. Yesterday il began to be believed
| that the severe pinch in the money market
was over, and though it was also probable
| that money would continue legitimately close
for some time, the fear of extreme stringency
| disappeared and stocks became buoyant.
| There was good deal of money offered for
| loan on the stock exchange yesterday after
noon that was not taken, and this forenoon
| another lift.' Government bonds have been
dull and steady. State bonds have been dull
| and steady.
r. M. NEWPORT & SON
Investment Bankers,
f52, 1853 and 1874 Drake Block, ST. Paul.
MINI.