St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-09
FINANCIAL.
New York.


NEW YORK, July s;aClearings, Sis, 939;;,
116; balances, SOFAS. 846. Money on call
easy, ranging from 412 to per cent; last
loan PIP, closed offered at 6. Prime mercan-
tile paper. 5@7. Sterling exchange more
active and strong at 81. S4E2 for si1ty-day
bills and 81. 88 for demand. While the stock
market Of yesterday was rather unsatisfac-
tory, especially to the lighter bulls. to-day
was more to their taste in point of strength.
but Its narrowness was even greater. The
agreement in conference upon silver bill
supplied the stimulating force for short
time, but the effect was over before the
end of the first half hour of business
The foreigners were taking back some of the
stocks parted with yesterday, but the limited
demand was soon satisfied, and the dullness
any time during the present depression i'll
business. Even silver certificates, in which
the news on the silver question created some
animation, failed to respond with any adj
vance of moment, though offers were made
at LOG without takers. The bears were in
clined to make all the capital possible out of
the failure of the market to respond to
the agreement on the silver ques-
ton. but while bulls were not in
clined to buy stocks to any extent upon the
to what they have. The bears were deferred
from following up their temporary advan-
tage Of yesterday. The bull leaders speak
hopefully of the outlook both for silver legis-
lation and a settlement of the recent diff
culties, which by many are regarded as the
more important factor in the movement of
prices in the near future. When these are
out of the way, the hope is to see the benefit
from the recent large disbursements eX-
pected by the street The opening of the
market this morning was rather irregular as
compared with last evenings closing figures,
but the strength soon appeared, and the
losses Of yesterday were in many cases re-
covered before the end of the first half hours
trading. The coalers and grangers re-
ceived most attention. and Lackawanna, Jer-
sey Central and St Paul showed most
strength and were followed later by Oregon
Transcontinental and Sugar refneffes.
There were no movements among the spe
cialties of note and the rest OF the list re
NAMED as stagnant as at any time for the
past month. The traders covered their shorts.
taking apparently everything offered. and
though there was at times some selling for
foreign account the operations of the foreign
ers amounted to little. The upward move
ment in the coalers became more pronounced
in the last hour and Lackawanna and Jersey
Central reached the highest figures Of the
day. The close was dull and generally steady
at about the best prices of the day. The final
changes are for Insignificant fractions
211. and Lackawanna and oregon
Transcontinental 11s per cent each
Railroad bonds were very quiet, though the
Atchison incomes were fairly active and a
puSlueSS VI YOOO.OOO WAS tfdnSdcteu, WIN
but slight change as rule. The market was
at no time more than firm. and the strong
tone of the stock market failed to reach it.
Louisville Southern firsts rose 2l2090. Gov
eminent bonds have been dull and steady.
State bonds have been entirely neglected.
The Post says: There has been for some
weeks past reviving of the speculation in
New England, by which it has been adj
vanced from 46ls on June 10 to 511a by IL
O'Clock to-day, but there is the same mys-
faru fho LOTT af +La
buying as has always surrounded the
manipulation Of that stock. The business
OF the road, however, is growing, and il is q
foregone conclusion that sometime 1t will
practically be extended by some means or
some connection into New York, and thus
become stronger competitor with the New
York d New Haven, but as to when or how
this connection will be made there is no more
information obtainable now than there has
been twenty times before when the stock ad-
yanced on some vague intimation of the
kind. The total sales of stock to-day were
Delaware. Lackawana & Western, 24.79O;
Transcontinental, 1900; Reading. $500;
St. Paul. 9,677; Union Pacific, 4,l69.
R. M. NEWPORT & SON.
INVESTMENT BANKERS,
Loan money on improved property St
Paul and Minneapolis
At 6 Per Cent ION CT Before"
New Pioneer Press Building St Paul