St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-23
FINANCIAL.
New York.

NEW YORK. May 22-Money on call easier,
ranging from s to per cent: last loan, 3;
closed offered at 3. Prime mercantile paper,
5@7. Sterling exchange quiet and steady at
S4.8314 for 6Oday bills, and S4.SjA for de-
mand. The total sales OF stocks today ag-
gregated AIS, SO5 shares including: Atch-
ison, sc, 62O: Delaware. Lackawanna & West
ern, 1860: Missouri Pacific, 1870; North
western, 1880; Northern Pacific 10, 1903;
Oregon Transcontinental. 10, 400: Reading,
20, $50; Richmond d. West Point 81. 900; st.
Paul, Sc, $50; Union Pacific. 1850. The
stock market was less active to-day for the
regular list. but showed more trading in the
unlisted, especially Sugar Refineries and
after some hesitation developed a strong
tone, which had the effect of leaving almost
everything traded in at the highest point for
the day, and material gains were scored. The
new plan of the Richmond & West Point an
nounced Yesterday and the question as TO
the exact terms of the Atchison control of
the San Francisco were the main topics of
conversation in Wall street to-day A rumOr,
alleged to be from Chicago, of which there is
no confirmation. started early in the day
that President Marvel had threatened Jay
Gould with war of rates between the Atchi
son and the Missouri Pacific caused tempo
rary weakness and decline in the former
The opening of the market showed consider
able hesitation, as the bears seemed to be
afraid to attack the market with vigor. and
the bulls were waiting, apparently because
of fears that the money market would be
manipulated up and cause renewed realiZa-
tons There was a severe struggle i'll Sugar
Refineries, however, and the whole market
followed after that STOCK in which the trans
actions were very large. 90, 600 shares chang
ing hands in the first hour. The stock was
hammered down fractionally. but the buying
was equal to the occasion, and steady and
rapid rise from S91a to 9l34c followed. W hen
the temper of the regular list changed for
the better The market, however. continued
irregular, with general upward tendency
until well in the afternoon, when reports
from Chicago, pointing to a settlement of
the rate wars in that section brought the
grangers to the front and all made marked
advances upon largely increased business.
st. Paul was the most prominent feature and
scored the largest advances. The rest of the
list responded feebly, but the best prices of
the day were generally reached in the last
few minutes trading and the market closed
active and strong at or near the top figures.
strength were Wheeling & Lake Erie pre-
ferred; the Big Four and Union Pacifcs.
The list is almost invariably higher this even
ing and st. Paul is up 2l8; Rock Island
and Wheeling d Lake Erie preferred each
IA; Atchison, Big -Four and Union Pacific
each lis, and Northwestern and Wheeling d
Lake Erie common each L per cent. Rail
road bonds were comparatively quiet to-day,
the sales of all issues reaching only S1,S77.-
900, the smallest days business i'll weeks.
The Atchison tours contributed S621. 600,
the incomes S1Sl. 900 and the Atlantic d Pa
cific incomes Sl74,000 to the total. The
Chicago, st. Louis u New Orleans registered
fives rose TO l1o. Governments have been
dull and steady. State bonds have been ell
tirely neglected.