St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-26
FINANCIAL.
New York.

New YORK, July 25.-Bank ciearings,
1914, 402, 1863; balances, 1864, 100. Money
on call easy, ranging from to 81
per cent; last loan 3, closed offered at L.
Prime mercantile paper, 5@61a. Ster-
ling exchange quiet but strong at $4.S5
for sixty-day bills and S4.SSA for de-
mand. The activity and buoyancy shown
to comparative degree in the stock
market yesterday, and which was di-
rectly the result of the expectation that
the secretary of the treasury would be
able to get all the bonds he wanted. dis
appeared to-day. and again the dizziness
and stagnation, relieved only by a few
sudden changes in some Of the
speciaIties, prevailed. There were
reports that considerable diSappoint-
ment was felt at Washington that the
circular of the secretary had not
brought out larger number of bonds,
but the acceptance of over $6,0O0,0OO
seems to ordinary minds a sufficiently
large amount for beginning, especial
Iy as that will release about $4,000, 900.
That there was disappointment in Wall
street that the market did not respond
more fully to such an event is without
doubt, and the fact that it did not is a
sufficient proof that the apathy and
listlessness of the market at present are
deep seated. and will take time to over
come. The prospects are regarded by
the bulls very favorable to the ill.,
market in the fall, and the fact
that stocks do not come out in the
dizziness gives daily encouragement to
the advocates of higher range of val
ues. The publication of the circular
from the trustees of the sugar combina-
ton to-day caused little OF no move
ment in the certificates, and the bust
ness done in them showed marked
falling off from that of yesterday. The
width of the fluctuations was also on
the same limited scale as in the regular
list and the price never got far away
from 7S. During the day the beariSh
traders made few feeble attacks upon
certain stocks, and AtchisOn and Lack
awanna were most conspicuous, but the
impression made extened to fractions
only and the movement was of short
pufation in either case. Citizens Gas,
of Brooklyn continued its upward march
the movement being sharp, and, like
all the movements of the day, worthy of
mention. The bears In New England
attempted to offer the stock down, and
one of them may find himself in trouble,
the last case or the Kid having result
ed in suspension for six months. The
stock, however, closed unchanged from
last evening. In Lackawanna they
were more successful, and it is the only
stock showing any material loss for the
day. its decline being 1ss per cent. Citi-
zens' Gas is up ~ per cent. The close
under the pressure was heavy at the
close to the opening figures. There was
the usual quiet business in railroad
bonds and the usual lack of feature be-
You'd the weakness in Atchison incomes.
Government bonds have been dull but
strong. State bonds have been dull and
strong. The Post says: 'After about
80 o'clock the. market was slightly
more active and prices were lower.
There was no news or developments of
any kind that would have an effect on
the general stock market, unless it
might be argued that the advance in
wheat to-day was on general principles
an argument for lower prices for rail-
road stocks" The total sales of stocks
to-day were 100.597 shares, including
Atchison, 5000; Delaware, Lackawanna
Il Western, 1900; St. Paul, $40.