St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-21
FINANCIAL.
Now VorL

New YORK, April 19.-Bank clear
ances to-day. S12l, 1872, 1888; balances,
s7.O29,2sS. For the week, clearings,
S692. 064 .595: balances, S3S, 14S, 974.
Money on call easy, with no loans;
closed offered at 3 per cent. Prime
mercantile paper, 5@715. Sterling
exchange quiet, but steady. at S4.S54
for sixty-day bills, and S4.s74 for de-
mand. The stock market to-day was
more active, and displayed stronger
tone than any Saturdays market for
long time, and the advances were more
pronounced than on any previous day
this week. The general expectation of
a favorable bank statement rendered
the professional element which monop-
Ofized the greater portion OF the
business done. rather builiSh,
and the bulls took hold with
considerable vim, and compelling
the covering of many short contracts.
AS usual, of late, Sugar Refineries and
Lackawanna were the most conspicuous
features of the market, especially in the
matter of activity, but strong, and made
material gains, though they were meas
ured at the close by fractions only.
That of sugar the first hour was very
large, but after that time 1T became
more quiet, and reacted slightly, giving
S
Nashville, which became the leaders of
decided upward movement in the
stocks of the regular list. There were
more evidences of outside interest in
the speculation to-day, Notwithstanding
the professional character of the deal
ings, than have been seen for some time.
The trading extended to specially large
number of lOw-prlced shares, and in
the them were several marked move
ments made, the Chesapeake & Ohio's,
the Rio Grand Westerns, with Next
can Central, Wheeling & Lake Erie,
Cleveland, Columbus. Cincinnati d st.
Louis and Manhattan beng most promi-
nent. The advance met with no set
back, and the close was active and
strong at the best price of the day. Rail
road bonds were active, the sales of all
issues reaching $SS1,000, which business
was unusually evenly distributed. The
market was devoid of special feature,
to firm, and the final changes are gener-
ally insignificant Keokuk Il Des Moines
firsts lost at 1O3, Erie first consols 2 at
13414. The sales of bonds for the week
aggregated Ss,2l9,000, against $7,246,000
for last week. Government bonds were
dull and steady; state bonds ne
elected. The exports of specie
from the port of New York during
the week amounted to S214.234, of which
slS, 800 was in gold and 5000, 734 in silver.
The imports of specie during the week
amounted to S16S, 907. of which $l2S. 959
was in gold and S39,942 in silver. The
Post says: The important factors in
the advance for the week were the i'm
proved condition of the money market,
the movement of currency in this direc-
stion and the buying on the part of the
bears to cover short contracts. The
daily reports from the West have been
of bearish character, but the value of
such statements is we'll realized, and
they were without any effect to influ-
ence prices for stocks. The appearance
of the bank statement at 11:45 was
somewhat of a disappointment, in that
the Increase in the surplus reserve
was sAlJ ss72, 050. which was less than
exeesssa, aed during the last fifteen
minutes OfDusinesS prices sold Off so
Lc. The gain in the money reserve
was only 1888, 400, but the deposits were
reduced 81, 600, making a reduction
of 1888, $50 in the required reserve,
Loans were contracted $2,7S3, 200. The
statement does not indicate the actual
condition of the banks at the close of
the week, which is considerable strong
OF than to-day's returns make it appear.
The feeling at the close of the week
was more bullish than for some time
past. but after the large advance of the
past week, a reaction in prices would
cause no surprise. The total sales Of
stocks to-day were LAS. 99S shares. includ-