St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-24
FEN ANCiAL.
New York.

NEW YORK. April %. - Clearings,
S129, 2S9, 269; balances. S., APO. Money
on call easy, ranging from 271s to per
cent, last loan 3, closed offered at 3.
Prime mercantile paper, 5@7. Sterling
exchange quiet but steady at SASH
for sixty-day bills, and S4.S74 for de-
mand. The stock market was not so
broad to-day nor so active, especially in
the unlisted department, while more
feverlSh tone marked the dealings dur
ing the early portion OF the day. The
bears attempted to carry yesterdays
afternoon decline farther, and some
slight depression was brought about in
the first few minutes of business, but
the resistance to the downward move
ment was so strong that the pressure
after material rally, became
dull, though the same steady and slow
hard ening of values continued until
the close. There were rumorS in circu-
latlon of a prospect of an early settle
ment of tile difficulties between the
Rock Island and the Missouri Pacific,
but not only could no foundation of such
statements be found, but there is every
every reason to believe that the fight
will be long and bitter, because the
feeling in railroad circles is that Rock
Island, which has prolonged the contest
so long, will tight much longer, and
the other side shows no disposition
towards a compromise. The sudden
change from the early depression to the
strength of the remainder of the day
was in a great degree owing to the
quick advance in coalers, and
Delaware & Hudson rose 8
per cent on the execution
of small order to buy at the market
showing the small amount of stock Of
fering. Lackawanna was the feature of
the day, though its activity was less
than during the previous rise. The rest
of the list was quiet to dull all thes way
out, and the comparative quiet In the
unlisted department, with small ffuctu-
ations, rendered the dealings almost
barren of feature. Sugar was traded in
over range of only per cent, and the
impression that the stock has reached
the top for awhile gains ground. and
small fluctuations with quiet business
is to be expected III the stock for some
days. Among the specialties Hooking
Coal, Flint d Pere Marquette and
Denver. Texas & Fort Worth were
prominent for strength, but only
in the last named was any
material progress made. The usual
realizations in the last hour gave
a sagging tendency to prices, but the
close was quiet and steady at or near
the best prices of the day. The final
changes show majority of gains, but
the only changes of Importance are adj
vances of Is in Lackawanna and per
cent in Denver, Texas & Fort Worth.
There was the usual quiet business in
| railroad bonds, but the fluctuations
were, if anything, even smaller than
| during the past few days, while the
was still some activity in spots, and the
| AtchiSon incomes contributed $19S,000
| and the Kansas & Texas receipts $685.
| 600 to the days total of S1.423, 900. The
last-named bonds were favorably af-
| fected by the recent foreclosure decis-
ion, and for the first time
In weeks show a material adj
vance. The others changes include
gains of "a in Chicago. st. Louis &
Pittsburg firsts to 103s4. Atchison, Col
orado and Northern Pacific firsts rose 8
to 70. Government bonds have been
dull and steady. State bonds have
been dull and steady. The Post says:
| There was no news of Importance dur
| ing the forenoon. The early decline
was due to sales to realize profits on the
| recent advance. but the hrm manner I'D
which the market ruled induced sellers
to buy back their stocks, and the adj
vance IN the second hour reflected such
buying. In the afternoon the market
was stronger and higher, the advance
over IL o'clock prices having been a to
per cent. The highest prices of
the day were made about o'clock.
In the last hour part of
the improvement was lost, but the mar
ket closed firm and e to 4 per cent
than yesterday, with an exceptional adj
vance Of 8 per cent OH Delaware & Hud-
son. Money was easy throughout, both
here and in London, and in the last half
! hour loans were made at 5 per cent. The