St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-28
FINANCIAL.
New York.

New YORK, April Chickering's to-
day. s135, 1913 ,5S3; balances, s5,0s5, 129.
For the week: Clearings, S712, 1886, sos;
balances, S31, 5S6.475. Money on call
easy with no loans, closing offered at
per cent. Prime mercantile paper, SO
7c. Sterling exchange quiet and steady
at 50. s51s for siXty-day bills and S4.S7I
for demand. The good half days bust
ness makes Wall street, and especially
the brokers, jubilant. Commission
houses report much greater interest in
the speculation and much more numer-
Gus orders from outsiders. which would
indicate the continuance of the steady
confidence in an improved market
which has been growing of late. The
increase in the bank reserves i'm
proves the monetary situation, and
the bulls were decidedly in the
ascendance to-day. The monetary stu
alton and the bulls and bears were de-
London market has for several days
past showed renewed interest in
American securities, and this morning
London prices came higher, panied
by liberal buying orders in all the LON
don favorites, which had the effect of
opening this market materially higher.
The foreigners were specially prOml-
nent in the St. PaulS, Erie and some
others, and those stocks were the lead
ers of the market all the way through.
There were, undoubtedly. heavy realiZa-
tons at the high figures of the opening,
to which force was added by some ham,
mering by the professional bears, WHO
sold stocks whenever they APP
peareG sluggish. The drive had
the effect of sagglng prices
off for few minutes, be-
ing an unusual demand so changed the
course of prices, and from that time, ex-
cept in few special stocks, there was
no weakness shown in the market. Chi
cago Gas was specially heavy in the
early dealings. owing to the influence. of
the new litigation but it recovered
later, though it failed to reach the open
ing prices. Lackawanna was after
ward the chief point of attack, and with
Chicago Gas it is one of the few shares
grangers were again very prominent in
the upward movement, and the st. Paul
stocks in particular, and the dealings in
them reached high figures. There is
talk of resumption of dividends upon
the common stock, but the officers of
the company give little encouragement
to the idea. The upward movement con-
tinued till the close, with slight reac-
lions from time to time, but the close
was active and strong at about the best
prices reached. With the few eXcep-
lions the entire active list is higher to-
night, and st. Paul preferred rose ~:
the common n; Wabash, 1as; the pre-
ferred, N; Erie, 111a. and Big Four and
Lake Shore each l per cent. Railroad
bonds kept pace with the share list in
both it's activity and strength, and a
business of 81, 102, ZOO, with some ma
terial advances in the list. shows the
prevailing temper of the speculation in
its true light. The Texas Pacific in
comes with s145,0oO and the Atchison
incomes with $11S.000 were the active
issues. Among the principal changes
for the Gay were Cedar Falls & Mime
apolis firsts, which rose AZ to 7615.
The sales for the week reached the
large total of s11 ,419,000. against $S,219,-
600 for last week. Government bonds
have been dull and steady. State bonds
have been dull and featureless. The
exports of specie from the port of New
which $202, 5S7 was In gold and sos. 453
silver. The imports of specie for the
week amounted to SIS, $40, of which
sfO,525 was in gold and S4S, lis silver.
The Post says: 1.-The market this
morning was active and higher and the
best prices of the day we're made in the
last half hour after the appearance of
the bank statement at 40, showing an
increase of 50, OoS,7 us in the surplus re-
serve. The gain was principally in
legal tenders. which reflected the
movement of currency from the West
and South. Loans were contracted
81, 207, 500, and deposits were S3,605, 500.
The large advances on the coal stocks
were due principally to covering of
short contracts rather than any heavy
buying for the long account. The con-
dition of the coal trade. while somewhat
improved, is net materially different
from month ago. The large earnings
reported by roads in all portions of the
country have had considerable influence
in the upward movement of prices, and
the agreement on silver bill materially
assisted the advance in prices. The
total sales of stocks to-day were 233,471
shares, including AtchisOn, 5,7S5; Can
ada Southern, 1880; Delaware, Lacka-
wanna & Western, 14,100; Erie, 1855;
Lake Shore, $500; Louisville & Nash
vile. 5,735; Missouri Pacific, $50;
Northwestern, 1880; Reading, $3.50;
Richmond & West Points. 1858; st. Paul,
"a, 400; Texas Pacific, $500; Union Pa
cific, 1880; Western Union, 2,610; Wa
bash Pacific, 3,4OO.