St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-31
DrR.H-roR.s.
FINANCIAL.
New York.

New YORK, July 80. = CIearances,
s1O5. 466, 400; balances, s6.26O.759. Money
on call easy, ranging from 8 to per
cent; last loan 3. closed offered at d.
Prime mercantile paper, $685.. Sterling
exchange quiet, but steady, at S4.S5 for
sixty-day bills, and $3.50 for demand
The influences which, for the past few
days, have been the cause of compare
lively wide movements in the stock
market to-day seemed to have lost their
power to move prices, and the stock
market again returned to its now nor
NAL condition of dullness and stag
nation. There were a few move
ments in some stocks which
are affected by causes peculiar
to themselves, but the gen
eral list was dull and stagnant through
out the day. OF the movements to-day,
those in Sugar Refineries, Atchison, ST.
Paul, Rock Island and LackaWanna
alone are worthy Of notice. Sugar was
moved up and down over a compare
lively narrow range by the conflicting
reports of the contemplated reorganiza-
ton, but it never got as much as l per
cent away from its opening price.
Among the stocks of the regular list
the strongest may be said to be Rock
Island, Lake Shore, Wheeling &
Lake Erie preferred. and Hooking Val
ley. The great feature of the trading,
however, was the sudden and decided
strength developed in Cotton Oil in the
afternoon, whereby the receipts were
advanced to 3214 and closed at 80,
a net gain Of ~ per cent
for the day. The market closed
dull and firm at but slight changes from
last nights figures as rule, the stocks
mentioned showing the greatest adj
vances. The market continues dull but
that whenever the leading bulls take
hold prices will advance easily, so that
with the more hopeful feeling now prev
alent an outside following will result.
Railroad bonds were slightly more
active to-day. the sales aggregating
S756.000, though there was no more feat
ure in the dealings than usual of late.
The activity in Achison incomes, which
furnished 100000 to the total, was the
only important feature in the day. Cairo,
Arkansas d Texas firsts rose to 107.
Government bonds have been quiet, but
firm. State bonds have been entirely
neglected. The Post SAYS: ''The specu-
lation in silver bullion continues. and
there were sales this forenoon of 27S,O00
ounces, or equal to sales of about 2,7S0
SlldTGS VI TdllTOdO SIOCkS dU par, Tile
price going up to Sill, which was the
highest figures yet touched. 1t is now
apparent that the secretary of the treas
ury must buy 13,500.OOO ounces between
the 18th of August and the 18th of No
lvenlber. unless the price goes above
sl.29 29-1OO per ounce. There is now
stock of about 100000 or 100000
ounces in sight in the New York mar
ket and vicinity. For the pastten years
the average monthly exports have
been 2,700,000 ounces, and the
average monthly imports about
10000 ounces, thus leaving net ex-
ports of say 100000 ounces per month,
or say 5000, coo per annum, for so long
a period as to show that there is con-
slant market for that much abroad.
Whether there is sufficient stock in
the country to supply the streams that
flow into the treasury at the rate of
13.5O0,000 ounces in three months
after Aug. Is, and still leave 100000 to
100000 for export in this time, remains
to be seen. The total sales of stocks to-
day were 1873, 45S shares, including:
Atchison. 1850; D., l.. q W., 6.4OO;
Missouri Pacific, 3.525; st. Paul, 10000;
Union Pacific 46S5