St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-23
FINANCIAL.
New York.

new YORK, March 22.-Clearings TODAY
$l02, 456.072; balances, 81. 212, 662. For
the week: Clearings, S627.255, 535; bal
with no loans, closed offered at 3. Prime
mercantile paper. 5I2@l1l2. Sterling eX-
change dull, but steady at ST. S2l2 for sixty
day bills and S4.S5l2 for demand The dull
ness in the stock market which has been such
feature for the past week was still more
pronounced to-day, and the transactions
were the smallest for the morning for more
than six months. The strong tone of yester-
day remained, however, as the impression
that the bank statement was to be good one
was most universal, and the selling was very
cautious, while covering of shorts was in
dulged in to Il marked extent consider
ing the limitations of the market. The
general list remained within the narrowest
limits, ana the stocks among the usually
active list which fiuctuated over a range of
more than IL per cent could be counted upon
the fingers of one hand. Sugar was again
feature for one-half the session, but the
traders sold it on the theory that the divi
dend news having come out the stock would
be a sale. Tennessee Coal was the strong
feature, rising 10 81 against 54ls, but it re-
acted late in the last hour to 81. Hooking
Coal and Iron sympathized with it and
scooped net rise of ll2 per cent, closing at
81, In the railroad list the Flint and Pere
Marquette stocks were specially strong, and
the common at 347s is up la and the pre-
ferred at 1O0l8 is mp 2ls per cent.
Among the other srecialties which showed
considerable strength. the Wheeling 4 Lake
Erie shares and Louisville, New Albany Il
Chicago were prominent. The other move
ments were entirely without significance.
The market closed dull and strong at the best
prices Railroad bonds showed the same
dizziness and steadiness which has marked
the dealings throughout the week, and on
very limited business only Slight changes
were recorded Government bonds have
been dull and steady. State bonds have been
w ,nrln hn avn M
from the port of New York during the past
week amounted to $40, 2n6 of which $685.,
435 was in gold and $2s7,77l silver.
The imports of specie for the week
69s was in gold and S:9,sl3 silver.
The Post says: Almost the only active stock
that is noticeably lower than last week is
Union Pacific, though there are larger de-
clines OH few of the speclalties, such as
Oregon Short Line and Louisville, New AL
bany & Chicago, which are respectively 2
and points lower. Everything has seemed
10 indicate during the week that the appre-
tensions of tight money were the chief OBJ
stacles to d further advance in prices of
stocks And yet, when the bank statement
was announced. it did not have the imme-
date expected effect on the stock market.for
in the twenty minutes before the close
of business prices fell off "A to ss
stocks. The fact that the early prices in
London were lower than the closing prices
here last night, may have had some effect to
induce selling here for the time being. But
all things considered, the entire situaH on.
both as regards the prospects of the rail
roads for good earnings, and also as regards
the money market, have improved SO much
that it can scarcely fail to have tendency to
make higher average prices for stocks next
week. The total sales of stocks today were
4.4S3 shares. including Atkinson, $3.50;
Louisville & Nashville, 3,1S4; Oregon
Transcontinental LILO; Reading, l.7OO;
st. Paul, 1850.