St. Paul daily globe., 1890-07-30
FINANCIAL.
New York.

NEW YORK, July 90. - ClearanceS,
S136, ,807, ,807; balances, S4,052,545. Money
on call easy, ranging from 3 to 4 per
cent; last loan 3. closed offered at 8.
Prime mercantile paper 5@615. Sterling
exchange quiet and firm, at $4.85 for
sixty-day bills and $3.50 for demand.
The stock market to-day witnessed an
other swing of the pendulum of values,
aud the losses Of yesterday were gen.
orally regained, although there was less
business done, and at times the dullness
was equal to anything seen of late in
that line. The apathy displayed by
holders of securities evidently en-
couraged the local and Chicago bears
to make short turn on the short
side, and the evening up is about ac-
complished. The usual indication of
desire to buy by the Chicago people was
furnished, the reports of serious DAM
age to the crops. especially in Dakota
and Minnesota. There was great deal
less heard to-day about the South Amer
ican troubles, although large amount
of gold was taken, for export, which in
all probability was the direct effect of
those disturbances which have assumed
more serious character. The desire
of the late short sellers to cover, how
ever, counteracted all such influences.
strong tone was developed, though it
was not until in the afternoon that
much progress was made in the
upward direction, although the
opening prices were generally from
q to u per cent better than last
nights figures. Sugar was the great
bull card as it was the weakest yester-
day, and the loss was about recovered.
The movements in the regular list were
confined generally to fractional amounts
and in AtchiSon, in which the only I'M
portant railroad news of the day was
developed, the fluctuations were very
small. The publication of the passing
of the dividend on the San Francisco
first preferred was seemingly fit lnf1u-
ence and was evidently fully discussed.
Among the grangers, Rock Island and
St.sPaul were most prominent, the
result of the days operations. The
market on the whole showed very
strong undertone to-day and prices
moved up easily on light pur-
chases. The feeling of an early inn
provement in both prices and business
is more pronounced, and the South
American difficulties are believed to
have had their full effect upon this
market. The shorts in Sugar covered
freely on the reports of an adjustment
Of the difficulties in the way of reOr-
ganization, but there was nothing def
mite given to the public. The market
closed dull but strong. the upward
movement ceasing only with the sound
of the gong. Sugar is up per cent to-
night and Rock Island l per cent. but
all other changes are for fractional
amounts. Railroad bonds were very
dull, the total transactions reaching
only $3.50, 900, while out of that amount
Atchison incomes furnished 100000.
The tone of the dealings was on the
whole rather heavy, and all the
important changes tonight, which
are very few in number. are in the
direction of lower figures. The list as
whole, however, was stagnant as usual.
Government bonds have been quiet and
steady. State bonds have been entirely
neglected. Lazarus g. Prive have
ordered $2O0,00O more gold for export.
Total ordered to-day, $3.50, 600. Total
this week, $1,975.OO0. The Post says:
The Atchison directors, who now con-
troll the st. Louis & San Francisco, to-
day passed the dividend OH the first pre-
ferred San Francisco stock. The last
dividend was per cent, paid in Febru-
ary. for the half year to Jan. L. This
was reduction from the previous rate
of per cent per annum, paid in 1889,
the last previous ssmi-apnual dividend