St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-25
FINANCIAL.
New York.

New YORK, June 24.-Clearings,
s135. 671 ,066; balances, S., 644, 1926. Money
on call easy at to 5 per cent. last loan
8, closed offered at 2. Prime mercantile
paper, scr. Sterling exchange quiet
but steady at s4.s51a for sixty-day bills
and s4.S71a for demand. The apathy of
traders still continues in the stock
market, and to-day, outside of mOder-
ate business in Atchison, Chicago Gas
and Oregon Transcontinental, there was
little animation in the regular list,
though a few marked movements took
place among the specialties. The atti-
tude of congress on the silver bill still
prevents more active speculation, and,
while, the feeling on the street has SUBJ
sided, and one of mild expectancy has
taken it's place. there is no disposition to
discount the result either way, and SEN
satlous are looked for in other direc-
tons. There were no further engage
ments of gold for export to-day, and
that element has quickly dropped out
of the possibilities in the course of
prices. The railroad situation also
offers nothing but waiting, and the
transactions at the board are now con-
fined from day to day to the operations
of the professionals and the room trad
ers almost entirely. The regular list
outside of few stocks which are af-
fected by special causes are traded in
over an extremely narrow range, and
the fluctuations seem to possess little
or no significance. To-day the assur-
ance from Chicago thata dividend would
pc paid on the Chicago Gas stock, and
the feeling that as long as dividends
are permitted, the trust is just as
good in the hands of a receiver as not.
stimulated builish feeling upon the
stock and more animation was shown in
the advancing figures. Mexican Cen
trail and New England made sharp
spurts of short duration, but scored ma
terial gains, while Atchison and Missouri
Pacific, on the rumors of negotiations
between them, were more active and
firm without marked change in quota
tons. The great feature of the day,
however, was Sugar Refneries, and 1t
was up and down again several times
during the day over comparatively
narrow range for that stock, and cOnSid-
not slump off sharply on the announce
ment of the decision against the
trust by the court of appeals.
There was, however, blunder
the transmission of the first
reports, and the sharp rally from the
first depression was due to the misap-
prehension as to the exact nature of the
decision, but when the fact became
fully known there was no slump and
the stock closed unchanged from last
nights price. The clique in control of
the manipulation, however, is able to
put it wherever and whenever it pleaseS.
The sentiment in the board during the
day was strongly bullish, and Chicago
houses were buyers all day long, and
while the upward movement was
checked by the muddle over the sugar
trust decision, firm tone was main
tanned throughout, and the close was
firm though dull at small fractional
gains in most of the list. There were
10 declines of moment, although the
big four was weak during the afternoon
and Chicago gas is up Il and New En-
gland l per cent.
Railroad bonds were dull and without
feature Of any kind. The usual firm
tone was shown, but the final changes
in quotations are extremely few In num-
Der and are generally entirely without
been dull and steady, State bonds have
been entirely neglected. The Post
saws: missouri Pacific was active In
connection with some ambiguous ex-
pressions by Mr.. Jay Gould to the effect
that some sort of alliance with the
Atchison was being negotiated. The
Missouri Pacific, like other Western
roads, undoubtedly feels the necessity
of some such alliance as that of the
Union Pacific and Northwestern to give
it share in the increasing business of
the central part of the continent, but the
Atchison Is more nearly independent in
this respect than Any other roads
terminating at Chicago. as 1t already
has its own continental line. a COM
bination of some sort. with the Missouri
Pacific would be the means of keeping
peace In Its special territory in the
Southwest, and, on the other band, II
the Missouri Pacific could in some way
be transferred into the management of
the Atchison it would greatly benefit
the Missouri Pacific, of which the Sc
curities do not at present appear to at
tract the public, as shown by the fact
that the rights to subscribe for the new
Missouri Pacific per cent loan of
$1,000, 900, with bonus Of one share of
new stock for every $1,000 of bonds, did
not command any premium. The total
sales of stocks were 191,972 shares, in
Guiding: Atchison, 1850; D. L. & W..
1920; Hooking Valley, 1920; Louisville
& Nashville, S,700; Missouri Pacific,
9,045; Oregon Transcontinental, 1906;
Reading. 1920; St Paul. 6.600,