St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-16

day bills, and S4.s7 for demand. Tie
stock market was dull again to-day, but
weak almost from opening to close, and
while sugar was the great feature of the day,
material losses were sustained in the regular
list on a comparatively light business. The
bears were again active and aggressive, being
induced to make an extra demonstration
a bad bank statement which were
given color to by the assertion of the Finan-
cial Chronicle that the banks had lost
90. O0o,O 900 during the week. That the cal
eulation was correct was shown by the state
ment showing loss in the surplus reserve
sof something over $4,000 600. The char
acter of the railroad news was rather mixed,
and had little effect one way or the other
upon values. The trusts were strong in the
early dealings, continuing the advance of the
past few days, but later they gave way with
the rest of the market and sugar refineries,
at .er an advance of 70 per cent to $685. retired
TO 6Lssc, and closed at 675sc In the regular
list, Louisville d Nashville soldex-rights. and
was weak throughout, being joined by Miss
ouri Pacific and Rock Island. With the ex-
eep ion OF Chicago Gas, these were the only
stocks which showed any marked weakness,
though the Wisconsin Central also contin-
ued lis decline. The coal stocks were quiet
and well held throughout the session, and
the remainder of the list, with the eXcep-
tons noted, were dull and without feature
of interest. The market finally closed quiet
ana weak at the lowest prices. The final
changes are almost invariably losses, and
Chicago Gas lost ia; Louisville e. Nashville,
IA; ROCK Island, 11s, ana Missouri Pacific,
per cent. Railroad bonds We're
quiet and followed the share lists
closely maintaining a heavy to weak tone
throughout and the final chances are gen.
orally IN the direction of lower figures. Wis
consin Central incomes were again the only
feature of the dealings, though several other
issues scored material losses. The sales
reached S5960OO, but no special animation
was noted. The losses included Kansas City
and Omaha lists, 3l2 at SO; Norfolk Il West
ern general 6s, .l2 at HE. The sales of
railroad bonds for the week were 81, 207, 900
against S., OoS,000 for last weak. Govern
ment bonds have been dull and steady. State
bonds have been entirely neglected. The Post
says: 1.-The bank statement is, in fact, not
SO unfavorable as appears OH the surface, be-
cause i'll regard 10 the most important item,
which is the decrease of 81, 362. 900 in
specie, 1t is known that the great bulk of
tnls mas gone into pthe sub treasury for dU-
ues During the week the sup.treasury had
q net credit OF about S1,S0O,0W at the
clearing house. Money that has been alb
sorped by the treasury can De got out again
by the purchase of bonds, and in that re-
spect the transfer of specie from the banks
to the treasury is that much less serious
IMAM It's disappearance into unknown chan
mas. Notwithstanding the heaviness of
ponds OF the railroads, there has scarcely
peen time i'll two years when the net earn
lngs OF the roads in almost every part of the
country were so encouraging. As already |
mentioned. the net earnings of the Illinois
central tor the seven months to Jan. 81
show an increase of % per cent, but besides
this the net OF the Minneapolis & ST. Louis
for six months TO Dec. 81 increased 80 per
cent; the Burlington d Northern for 1889
increased 66 per cent; the Burlington d
Qclncy increased 70 per cent for 1889 and
1t is believed that the same rates of increase
over the ea,ly part of 1889 are now being
maintained. These roads are in the
territory where there has all the
time been the most talk of rate
wa s, and it is probable that the increase Of
their net earnings is fair index of ali the
other roads III the same territory. The ex-
ports of specie from the port of New York
last week amounted to S469. 356. of which
$l53, $50 was in gold and S3I6, 100 silver
The imports of specie for the week amounted
to Slo7,514, of which S1IS,64l was in gold |
and $685. 1913 silver. The total sales of stocks |
to-day were 130,44s shares, including Della
ware, Lackawanna d Western, 1920; Louis
vile q Nashville. 1875; Missouri Pacific, |
1000; Oregon Transcontinental 1925;
Reading, 6.175; Richmond Il West Point,
!, $50: st. Paul, 1850; Texas Pacific, I,SOU;
Union Pacific, 1870,