St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-22
FINANCIAL.
New York.

New YORK, March Chickering's,
S92, S0l, $40; balances, $4,906, 400. Money
on call easy, ranging from 80 to 4 per
cent; last loan, 615 per cent, closing Of
fered at 81 per cent. Prime mercantile
paper, 515(0715. Sterling exchange dull
and steady at S4.S2M for slXty-day bills
and S485115 for demand. The dullness in
the stock market, which was the most
conspicuous feature yesterday, was
even more intense to-day until the last
hour, when the only approach to activ-
ity was had. Every one was holding
off, and neither side was disposed to
press any little advantage it might have,
though few marked movements were
made during the day. The bank state
ment is again the principal point of
anxiety, and should to-morrow's
statement prove a favorable one
likely to result, though nothing of
after the April settlements are out of
the way. The dizziness to-day up to 2
o. m. was simply oppressive. The only
feature of the forenoon was Sugar Rein
cries, which was sold down a trft1e in
the early dealings, but the reception of
the news that the court had granted the
permission to pay the dividend rallied
1t to above 70, though there seemed to
be plenty of stock for sale at that price
and it afterWard reacted. An applica-
ton foc an Injunction against the pay
ment of dividend upon Chicago Gas
was the occasion of a drive at that
stock in the afternoon and it broke
from 43Lc to 41$4c on comparatively
light trading. The final settle
ment of the troubles among
the managers of Tennessee
Coal had had its effect and that stock
was more quiet to-day, though, after
opening up per cent, it lost the i'm
provement. and not until the last hour
was any real advance made in it. To-
ward delivery hour the impression that
the bank statement tomorrow would be
a good one cot abroad, and the traders
started in to cover some Of their shorts,
and the lack of stock for sale was plainly
eXemplified by the marked advance
which took place in the short time left
in which to do business. The cOalers
were most conspicuous in the advance,
and Colorado Coal scored a material
improvement. The movement extended
to all portions of the list, and every
thing traded in felt the stimulus, the
market finally closing weak, but strong
at the highest prices of the day. Among
the specialties, Wheeling & Lake Erie
and Oregon Short Line were prominent
for strength. while Louisville, New AL
bany & Chicago was the weak point.
The list this evening is almost invaria-
bly, higher,a and even Chicago Gas shows
only fractional loss, while Colorado
Coal rose 2, Tennessee Coal rs, Louis
vile & Nashville II, and Rock Island
and Denver. Texas & Fort Worth l per
cent. Railroad bonds were little more
animated, and the Louisville, New AL
bany 81 Chicago cOnSuls were the only
feature of the day, dropping from par
to 9S4, but rallying per cent at the
close. They furnished S125,000 to the
grand total of 81, 01S.000. There was the
usual lack of feature in the rest of the
list. and of those which show gains
Duluth & Iron Range lists rose ~
to 1929, while Louisville Southern lists
lost at 90. Government bonds have
been dull and steady. State bonds have
been dull and without feature. The
Post says: There was less business in
railroad stocks this forenoon than there
has been in the same hours at any time
in over two years. Leaving out such
stocks as Tennessee Coal, Colorado
Coal, Oregon Transcontinental and
Sugar Trust, in which there was some
activity arising from causes special to
themselves in such cases, and which
could not be the causes of any general
movement, either for investment or for