St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-13
FINANCIAL.
New York.

NEW YORK, Feb 12-Clearings, S113, 7Os.-.
OlO; balances: Si.750,74s. Money on call
easy. ranging from 5 to per cent, last loan
3, closed offered at B. Prime mercantile
paper, 4s4@6la: Sterling exchange duh and
heavy at 81. S234 for sixty-day bills and
S4.S7 for demand. The stock market was
much less active to-day, the only animation
being in the trusts, and those shares became
the leading feature for the dealings The
excitement Of yesterday over the reported
cut in rates entirely disappeared, to the dis
appointment OF the bears, and the railroad
list was dull within narrow limits. and
almost barren of feature The bears re-
sumed their hammering at the outset of
business, but the advices from the
west gave completely different complexion
to the state of affairs in that region, and in
stead of sweeping reduction OF rates, as re-
ported. threat TO do so and the permission
given by Chairman Faithorn to the Chicago,
Burlington Northern to meet cut on one
class of freight comprised the damage done
to rates. Private wires from Chicago, how
ever, continued to pour out rumors and re-
ports throughout the day, as has been usual
of late, but little or no credepce was accorded
them unless corroborated in some other way.
Rock Island, st. Paul and Missouri Pacific
came in for their share Of hammering, but
the effects were not at all commensurate
with the efforts put forth. and q more
healthy feeling, pervading the street.
Of the day. There was little demand for
stocks other than this. however, and dull
ness and stagnation were the ruling features
throughout. The sensation of the day was
furnished by sugar retineries, and the bears
had expected that in view of the decision
making the injunction perpetual. that there
must be further break to-day, and. in the
fact, the opening price was 2ls per cent be-
trust claimed. however, that the decision
merely left things as they were, and did not
interfere with the working of the trust
nor restrict the payment Of dividends.
ola 1r,n tO%l ttaa -To H.,
and its price was soon run up
above last nights and later in the day ad-
vanced. The highest price was reached
shortly before o. M, 64ss which was 61a
per cent better than its fist sale Some re-
action from this was made in the last hour,
but very material improvement is seen as
the result of the days transactions. The
other trusts followed, all showing marked
strength except lead, and are the only stocks
to show marked advances for the day The
market sympathized with the reaction in
sugar toward the close. which was rather
heavy and generally ut but slight changes
from last nights figures majority of the
list is higher, however, ana sugar is up 3lsc,
cotton oil lss and Chicago Gas Ia.
Railroad bonds were fairly active,
the sales of all issues reaching
served to run up the total and Wisconsin
Central incomes, which were especially weak
throughout furnished S253.0O0; the Texas
Pacifics seconds. 1854 900, and the Kansas
&
list was inclined to weakness in the early
morning, but rallied with the share list, and
from that time out was strong and more
active. Advances are in a majority tonight,
and while Wisconsin Central incomes are
down 2ss ut 59s4, and Milwaukee. Lake Shore
& Western firsts 2l4 at 121. Minneapolis &
st. Louis sevens rose ; to SO. Government
bonds have been dull and heavy. State bonds
have been dull and featureless The Post says:
Aside from the unfaYorable condition of
the coal trade the prospects OF the lacka-
wanna are improving very greatly by the in
crease of business derived from its new
Western connections to Minneapolis via. De-
stroit, Manitowoc and Iudington, the new
line west OF Lake Michigan being formed BY
part of the Winona II Green Bay and part of
the st. Louis. Minneapolis & Omaha. Since
Feb. l. the amount Of Eastern freight taken
by this new line-which before did no: take
eny-may be estimated by the fact that the
flour alone has been at the rate of about
5000 barrels per day. 1t has been explained
TO us to-day by bank officers that the eX plana-
ton OF the large increase of over S., 600. 900
in the bank leans last week was that rs soon
as the affairs of the sixth national, the Equita-
BILE and the LenUX Hill began to create eX-
element q number of the uptown banks, and
especially the smaller ones. borrowed money
of the down town banks. and drew out the
cash III order 10 be prepared to meet any run
OF their deDositorS, or any other emergency
first few minutes of business, and though
there was some hesitation and uncertainty
in the course OF the market for an hour after
II O'Clock, the best prices of the day were
made i'll the last half hour, and the great ma
jority of stocks closing higher than last
night. The total sales of stocks to-day were
2l2,OSS slSres, including Delaware, Lacka-
wanna & Western, Il,520; Louisville 4
Nashville. 1881; Missouri Pacific, 10,O96;
Northwestern. $685. Oregon Transconti-