St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-14
FINANCIAL.
New York.

S1S, udldHCCS. St.tOS,flO. IuOuCS vi
cali easy. ranging from to 5 per cent;
last loan 5, closed offered at S. Prime
mercantile paper,:5@61a. Sterling ex-
change 1qulet, but firm at S4.851a for
slxty-day bills and $4.861a for demand.
The stock market was again very dull
to-day, notwithstanding the activity
displayed in few OF the leading stocks,
and while the first inclination of prices
was to advance, the market afterwards
became weak and slowlX8Topped, leav-
ing it at about the lowest point. The
feeling in the forenoon was bullish,
and the purchases by commission
houses did much to keep the bearish
traders in line, and some improvement
was made all along the line,
Later, however, there came re-
ports of trouble in the German markets,
and, while the reports were denied, the
sending of 81 ,OOO, 600 gold to the CONT
nent may have had something to do
with the rumors. The impression that
gold was to be shipped made its appear
ance early in the afternoon, and, while
nothing could be had of an official nat
ure until just before the close, the influ-
ence of the rumOr was bad, and was
seen in the steady dropping of the fig
ures. The transactions, it is learned,
are made on special orders, and must be
at loss, as gold cannot be shipped now
without loss under $4.8S$l, while the
highest quotation for bills was S4.S0 to-
day. The market was almost purely
professional one after the forenoon was
over, and the absence of de-
ing for London account in the
forenoon made the traders bearish al
most to man for turn, and to aid the
decline rumors that no silver bill will
pass was persistently used. The general
Impression in the street, however, is
that there can hardly fail to be an agree
ment on the question, and this feeling
to-day was backed by advices from
Washington which stated that an agree
ment will be reached before the end of
the week. In the early trading Oregon
Transcontlnental was specially strong
and gained per cent, but in the after
noon decline were Lead, Sugar and Rich
mond & West Point. The declaration
of the dividend on Sugar helped it
little in the forenoon, but it was let
without apparent cause other than
the general weakness of the
whole list. A statement by the Balti-
more & Ohio people that the purchase
OF the control by the Richmond & West
Point was impossible was the chief
moving force in the decline in the stock
of the latter road, and, with the single
exception of Northwestern, it is the
only stock in the regular list showing
marked decline this evening. The gold
shipment rumors were used against the
market in the last hour. and the close
was weak, though dull. at about the
lowest prices, but generally only
slightly changed from those of the
opening. The list is almost invariably
lower this evening, and Sugar is off 17s,
Northwestern Is and Richmond & West
Point per cent. Hooking Coal was con-
spicuous for strength during the entire
day, and is N per cent higher tonight.
Railroad bonds were quiet as usual, land,
although there was special animation
| in the Richmond & West Point collat-
eral trust IS and the AtchiSOn in
comes, which furnished $226,0OO and
S175,000 respectively to the total ;neither
made any marked movement, and while
| the general tone of the market was
stronger than usual of late, the impor-
tant changes at the close are very few
| in number. The sales of all issues
| reached s1.275,O00. Among the most
marked advances, albany q SuSque-
hanna rs rose to 131, and Norfolk &
| Western general Is ~ to 121. Govern
| State bonds have been dull and steady.
The Post says: "There are considera-
Bile efforts to create active trading in
Richmond Terminal, and for this
end the story of the possible connection
of the Richmond Terminal with the
| control of the Baltimore & OHIO is re-
vived every day Or two. Last evening,
| In connection with some ambiguous
| hints about some sort of connection be-
tween the Reading, the Jersey Central,
| the Richmond Terminal and the Baltl-
more & Ohio, the first three of these
stocks were all marked up just before
the close. There is, however, nothing
| in the story whatever as far as the
| Reading and the Jersey Central are con-
cerned, and,in fact. nothing so far as the
Richmond Terminal is concerned, ex
| cept that some of the individuals who
! are prominent in the management OF
/ THE Richmond Terminal have probably
acquired some interest in the syndf-
cate which has bought the control OF
| the Baltimore & Ohio; but it is
a personal interest, and not in the
name, nor in the behalf of the Rich
mond Terminal. Moreover. this per-
.sonal interest does not control the syn
dictate which now controls the Balti-
limore & Ohio. If the Richmond Termi-
fnal ever gets control it will, probably,
t-be only by paying the syndicate
shares of the Baltimore & Ohio
| stock necessary for control. The Balti
more & Ohio. as it now stands, is
good investment, and the syndicate who
have control of it are quite well enough
aware of the fact not to sell it to any
other corporation, except at large adj
vance on what 1T has cost them" The
total sales of stocks to-day were 11.901
shares, including: Atchison, 219,964;
| Delaware, Lackawanna & Western.
$500; Louisville 6 Nashville, 1850;
Missouri Pacific, $500; Northern Pa
cific, 1910; Oregon Transcontinental,
| Qe QEQs Rnodinu z goo. Richmond &