St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-19
FINANCIAL.
New York.

New YORK, April 1S.-Bank clear
ings, Sl10,597,53; balances, S5.S55,503
Money on call easy, ranging from to ~
per cent; last loan, 3, closed offered at
8. Prime mercantile paper, 5@715.
Sterling exchange quiet, but firm, at
S4.S5I for siXty-day bills, and $4.S71
for demand. The stock market was
only slightly less active to-day than
yesterday, and the loss of business in
the few leading stocks was about made
up by the extension of the trading to
an unusually large number of shares,
giving the market broadening tell
dency, and while the failure of the SEN
ate and the house to get together OH the
silver question acted as detri
ment, the sentiment in general seems
to be that there will ultimately be
some joint measure which will re-
suit in easier money and higher prices
At the stock exchange there were no
signs of a let-up in the Missouri Pacific.
Rock Island, Union Pacific and Alton
fight, and the stocks of those companies
continued to drag with evidences of
long stocks coming out, but the prin-
cpal effect of the trouble thus far has
been to stit1e trading in them, and they
were all dull to-day. There was more
general interest in the market to-day,
and while Sugar and Lackawanna were
still most prominent in the dealings,
there were more marked movements in
the general list and special spurts in
Richmond & West Point, Chicago Gas.
New England and Louisville u Nash
Vile took place. Among the specialties
the Chesapeake & Ohio stocks, Hooking
Coal and Rio Grande Western pre-
ferred all scored material gains.
To these may be added Wheel
ing & Lake Erie and Manhattan, though
the latter did not retain all of it's adj
vance at the close. The movements in
these properties. however, are based on
the large gains in the earnings over
those of last year. The most pro-
nOunced movement was in Hooking
Coal and was stimulated by the under
standing that proposal for the issue OF
new stock to furnish additional capital
will be submitted at an early day and
will have the support of most of the
holders of the stock, who think that the
earning power of the company will be
largely increased by the money to be
raised in this manner. The market
opened rather heavy on realizations, but
the bulls held prices up and little press
ure was put upon the list. The rise
in Sugar was not without its
influence, but the temper of the
whole list was bullish and fractional
gains were established over the entire
list. Dizziness again became the feature
in the afternoon, but the market finally
closed dull and firm, generally at some
thing better than first prices, and
majority of the list show gains over last
evenings figures this evening. The
gains, however, are slight, except in
Hooking Coal, which is up q Sugar ~,
Chesapeake & Ohio first preferred and
Rio Grande Western preferred per
cent each, while Tennessee Coal shows
a loss of l. Railroad bonds were more
active and stronger to-day, with more
widely distributed business, only one
the Atlantic d Pacific incomes contrib
uting $4,000 out of a total of $685.
600. Baltimore q Ohio 5s of 1925 rose
2 to 1922, Utah Southern general rs 2
to lis, and st. Louis, Vandalia & Terre
Haute lists 2 to 1857. Government
bonds bave been dull and steady.
State bonds have been dull and steady.
The Post says: The strongest stocks
were LackaWanna, and furnished 10.S00
shares, and Richmond Terminal fur
nished 10000. Manhattan was noticea-
bly, strong, and on sales OF 1000 shares
advanced 13S to 112. There was con-
siderable activity in Sugar reiDeries
during the forenoon. the sales having
amounted to $4,000 shares, and the
price advanced per cent, but reacted
to 67sl. The granger and Southwest
ern stocks were dull and only steady,
st. Paul, Rock Island, Burlington, Mis-
souri, Pacific and Union Pacific having
been as@1s at noon than at the close
yesterday. Lower reports from the
West continue bearish, but the
speculative feeling is more bull
ish, and reports of rate cut
ting, etc., are received with consid-
cradle allowance. The total sales Of
stocks to-day were 177,27S shares, includ-
Louisville & Nashville, II, $50; Missouri
Pacific, 1850; Reading, LAP; Richmond
& West Point, 1906; st. Paul, 6,7OO.