St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-03
EINA NCEAI.,
New York.

New YORK, March Bank clearings
to-day, sl37, O74, 32l: balances. S6,263, 254.
For the week-Clearings, $76S, 9Sl ,164;
balances, S33,323.224. Money on call
easy, at 80 to 5 per cent; last loan 81;
closed offered at 4. Prime mercantile
paper, 4(07. Sterling exchange dull
but steady at $3.50 for siXty-day bills
and $4s415 for demand. The stock
market to-day was again dull. and after
temporary depression developeda ma
terially stronger tone than it has seen
in some days. There was drive at
the list as usual in the early trading,
but its results were not of special i'm
portance, and as during the week the
to force down prices has met
with but partial success the
depression to-day was only temporary.
The attack this morning was made upon
the expectation that the bank reserves
would show falling off of about 2,500,-
600, but the statement of the loss fell
$1,OO0.O00 short of that amount and as
there had been good buying all along
the line at the concessions. the rush TO
cover after the result was known made
a sharp and material rally. Of course
the decline in sterling exchange rates,
although the furry in money incident
to the disbursements Of the first of the
month were partly responsible for the
lowering of these rates, gives promise
that there will be receipts of gold from
the other side and consequent
Improvement of the tone Of the
speculation. The bears were helped
in Union Pacific to-day by rumors of
an unfavOrable nature in regard to the
annual report, but the foreigners were
l. onunrinn dnnn
The bituminous coal stocks were
especially weak also in the early deal
ings, but the rally brought them up
again, and Tennessee finally scored
handsome gain, though Colorado Coal
was sluggish. Sugar was the strongest
stock. and was put up by its friends to
catch some stop orders. The remainder
of the market was devoid Of feature, and
the market finally closed quiet, but
strong, generally at shade better than
the opening prices. The final changes
are for slight fractions, as rule, but
sugar Is up 81 and Tennessee Coal 2sss.
Railroad bonds are duller than usual of
late. and the transactions in the two
hours of business reached only
S372,OO0. The tone of the market was
generally steady, but all the important
changes in quotations are in the dlrec-
ton of lower figures. The sales OF bonds
for this week aggregated 81, 265, 900,
against s5,179,OOO for last week. Gov
eminent bonds have been dull and
steady. State bonds have been neg
lected. The exports of specie from the
port of New York last week amounted
to $751;, 054, of which S367,072 was gold,
and s413,9S2 silver. The imports of
specie at the port of New York last
week amounted to S977,293, of which
1914, OF was gold and S., 2246 silver. The
Post says: Of course, the immediate
factor of the NEST Importance In the
movement of prices is the rate of inter
est for money, because this not only
represents the absorption, Of the circu-
lating medium of the country by the col
lection of nearly s31, O00, 900 of excessive
revenue into the United States treas
ury, in the last month. but also reflects
the greater accommodations that banks
have been called upon TO make to vari-