St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-13
FINANCIAL.
New York.

NEW YORK, July 12.-Clearings, s116.-
week: Clearings, $685., 917, 41S; balances,
s32. los, 0s4, Money on call easy, with
no loans, closing offered at 81 per cent.
Prime mercantile, 5@7. Sterling ex-
change dull but firm at $4.S4% for
sixty-day bills, and $3.50 for demand.
The stock market to-day was intensely
dull, though 1t presented firm front
throughout, The dealings in all except
few specialties and Sugar Refineries,
however, were confined to the limits OF
about "a per cent. Those stocks which
have lately become prominent for
the advances made, such as Hook
ing Valley, Mobile q Ohio. and
the Chicago & Eastern Illinois stocks,
made further gains, though only in the
case of the first named was the move
ment of any special Importance. The
entire gain was not regalned at the close
in any case. Sugar Refineries continued
to respond to the proposed scheme to
reorganize the trust with the belief that
the insiders will support the stock. The
buying, however, is largely for the short
account, and its elimination seems only
a matter Of short time. The stock
opened. unchanged at 7614c, and rose
rapidly on clearing business to 7S7sc, but
reacted to 762lc to the close, the supply
of stock at the high figures being more
than the demand. The bank statement,
which was awaited with SO much inter-
est, showed handsome gain in surplus
reserve, which leaves it al about where
it was two weeks ago, but the
result had been so thoroughly dis
counted that it had no effect to either
raise or depress prices. The close was
very dull and firm at slightly better fig
ures than those of the opening. The
final changes are in all cases fractional
amounts only. The railroad bonds
were quiet. with business of $574, 900,
but the market, like that in shares,
failed to develop any feature of interest
and the final changes are in all cases in
significant fractions. Hooking Valley
IS and Mobile & Ohio 4s were the active
issues, but neither reached large to-
tai. Government bonds dull and
steady. State bonds dull and steady to
firm. The exports of specie from the
port of New York during the week
amounted to S619,2SO (not including
which SSH, $3.50 was in gold and $44, $50
in silver The imports of specie for
the week amounted to 1878, Of which
1888, 1888 was in gold and ,995 in silver.
The Post says: The improvement was
principally due to the passage OF the
silver conference bill. but London also
was an important factor, the purchases
for foreign account having been greater
than the selling i'll the early part OF the
week for the same account. Railroad
earnings make a very favorable show
ing as compared with previous years
and the reports of rate troubles in the
West are largely exaggerated. Money
here has ruled easy and the supply of
money has been large, but rates abroad
have ruled higher than of late. The
demands for crop purposes will soon
set in and the movement of currency
will be reversed. That is, that money
will go from here to the West. The
total sales of stock today were 1851
shares, including Atchison, 1850; Chi
cago & Eastern Illinois. 1,700; Hooking
Valley. 4, 440; Oregon Transcontinental,
1850; Reading, 1900: st. Paul. $500.