St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-25
FINANCIAL.
New York.

NEW YORK, July 24.-Bank clearfngs,
1872, 223, 1872; balance. $4.402, 100. Money
on call, easy, ranging from 80 to ~
per cent; last loan, 4. closed at 4. Prime
mercantile paper, 5@61a. Sterling eX
change, quiet and steady at S4.S4s4 for
60-day bills and S4.8% for demand. The
stock market showed little more ami
nation to-day in spots, but as yesterday
the attention was concentrated upon
Sugar refneries, and the large dealings
in that stock were sufficient to bring
the transactions on the unlisted depart
ment again above those in the regular
list. The announcement that a suit
had been begun by the trust
ees- for the winding up of the
trust caused the expectation that the
stock would sell materially higher this
morning, and SOC was the figure ex-
pected. There were offerings at that
price, but no bids over 70Ac. Sales
were effected at 1890 when the traders,
seeing that there was plenty of stock
for sale by parties waiting for market.
went in to take the market away from
them, and sharp and sudden decline
to rye took place. The insiders sup
ported the stock at this point, however,
and later in the day there was renewed
brokers were loud in their expressions
of opinion of the further appreciation
of the certificates. The fOrenoOn'S trad
ing was marked by extreme dizziness
and stagnation in all of the regular
list, with the single exception of New
England, but later there was mani
feStation OF confidence, and buying was
followed all along the line with the eff
feet of more animation and slightly
higher prices for all the active secu-
rites. The feeling in the street during
the past few days has distinctly grown
more hopeful, notwithstanding the in
tense dizziness and the slight hope of
any improvement in that respect for
some time to come. The belief is gen.
eral that the new departure of the secre-
tary of the treasury will meet with a
full response, and that he will
be able to get a liberal amount
of bonds at such prices as he
will be willing to pay. The fact
that to-day was appointed as the first
one upon which to receive tenders. and
the acceptances were large to-day, which
was responded to in the afternoons
dealings with general rise all along
the line, and more animation for the
time being, the market certainly showed
GGllucuCy W UIOducu. l. uc dltcIuOUu
rise was continued we'll into the last
hour, when realizations compelled some
reaction, though only in sugar and New
England was there any material set
back. The market, however. closed
barely steady on the reaction, but gen.
orally at small fractions better
than the opening figures. The
loss in New England was ~
per cent, but Citizens Gas
rose ", but other changes are for
small fractions only. Railroad bonds
were very quiet, though there were a
larger number of issues traded in than
usual of late. The important changes
in quotations, however, are as usual in
the active bonds, and the movements
among those which are traded in from
day to day are in almost all cases insig-
nificant. Government bonds have been
quiet. but strong. State bonds have
been neglected. The total sales of
stocks to-day were 15s,6Ss shares, in
Guiding: Atchison. $3.50; st. Paul,
7,6UO; Union Pacific, $500.