St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-09
FINANCIAL.
New York.

New YORK, May 9-Clearings, $14O.146.-
S3l: balances, S5,O26, 266. Money. on call
easy, ranging from to per cent; last loan
6, closed offered at 4. Prime mercantile pa
per. 5017 Sterling exchange dull and steady
at ST. 84A for sixty-day bills and 50. S64 for
demand. The stock market was active for
few stocks, but rather quiet for the general
list to-day, and feverish and irregular tone
marked the dealings almost from beginning
to end. The conspicuous strong stocks were
Chicago Gas, Sugar Refineries, New England
and Burlington & Quincy, and among the
specialties Laclede Gas and Wisconsin Cen
trail. while the only STOCK d1splaylng any real
weakness during the day was Atchison,
which, however, recovered all Its losses be-
fore the close of business. THE true status Of
the silver legislation was understood IN Lon
don this morning, and as q consequence That
center was again liberal buyer this morn
ing and the London prices were higher. But
the leading bears and sold-out bulls had de-
termined to take advantage OF the prevalent
opinion in the street that reaction is due,
and resisted the natural tendency OF the
market to advance with heavy short sales at
the opening The transactions, as usual in
such movements, were chiefly in few
stocks, and only Oregon Transcontinental
responded to the pressure to any marked ex-
tent, though all the market was dropping I'M
der the influence OF the attack. The bold
buying of Sugar Refneries by noted oper-
ator however, with the resisting power In
the market at large, soon turned the course
Of prices, and Chicago Gas followed sugar,
with the rest of the market failing on. The
trading for the remainder of the day up to
delivery hour was comparatively small. with
FREQUENT and narrow fluctuations and RAPID
changes from weakness to strength and wee
versa Chicago Cas- New England and
Sugar were all specially strong, and the buy
ing Of the former is ascribed to pool whlo
intends to compel the shorts, who are some OF
the most influential operators in Chicago, to
cover. The formation Of new Anglo.
American company with the aVoWed oDJect
OF purchasing gas stocks in this country was
also an influence in making not only that
stock, but also Consolidated Gas and Laclede
Gas specially strong and active. New devel-
opments in the East was given as the cause
of the strength in New England, but the late
reasons The squirt in Burlington d Quincy
in the last hour was thought to foreshadow
some new developme1fs in regard to the
Western rate situation, but nothing
had ansP T5s m up Ine oios Closed
strong and active on the late rally with most
of the list but slightly changed from last
nights prices, though generally higher
There were no important declines. while La
clede Gas is up 3, Sugar 2ss, Chicago Gas 2,
New England Us, Burlington & Quincy 1ss.
and Wisconsin Central per cent: Railroad
bonds were again more active and the sales
of all issues RAJ up to S2.69l, 600 with
larger number OF prominently active issues
than on any day for long time. The mar
ket was strong all the way out and the spe-
cial features were the Laclede Gas IS, st.
Louis, Arkansas & Texas issues, the Atchi-
sons and the Texas Pacifcs. There were no
losses of importance and the advances in
clude Laclede Gas 5s, 2 to 96l2. Govern
ment bonds have been dull and steady.
State bonds have been dull and steady.
The Post says: The news Of the forenoon
was OF favorable character. except the cut
ting Of rates by the lake lines. Railroad
earnings continue large and the outlook for
an early settlement of the Western rate trou
bles has improved within the past few days.
The war between the Grand Trunk and the
Northern Steamship company will not affect
the trunk lines, which will receive their full
proportion on all business. The general feel
ing continues strongly bullish and favorable
to higher range of prices than yet reached;
Out of Ito active stocks on the list 81
made their lowest prices this year in Febru-
arg, 10 In January, % in March. and ~ In