St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-23
FINANCIAL.
New York.

NEW YORK, April %. = Clearings,
S140,26 1876; balances. S7,113,SS1. Money
on call easy, ranging from 2 to per
cent, last loan 8, closed offered at 8.
Prime mercantile paper, 5(97. Sterling
exchange quiet and steady at SASH
for siXty-day bills and $4.S74 for de-
mand. The stock market to-day was
less active, weaker, the dealings ex-
tended to smaller number of stocks,
and altogether the market had less
ego" in it than for the past few days,
with the exception of the unlisted de-
partment, where the increase in the
commission charges seems to have
failed to have the expected
effect of permanently decreas-
ing the transactions. The general
temper of the street is still b1illish, but
to-day there were two selling move
ments, one at the opening, when the
realization of profits on the late adj
day, when, aided by the manipulation of
money up to 9 per cent, bears made
drive at values and considerable re-
action was brought about. Many brok-
ers continue to discriminate against the
stocks of the rate-cutting roads, the
feeling being generally more bearish,
making an attack upon those stocks and
sell them down several points on ac-
count of the heavy losses they must
sustain by continuing the fight, and
the doubts as to whether they will be
able to maintain their positions
as dividend payers. The feature of the
day were the large trading and wide
fluctuations in Sugar Refneries. 1t con-
tinued it's remarkable rise during the
forenoon, to-day being the tenth sue
cessive day upon which it has moved
upward, and the extent of the improve
ment has reached about 10 per cent. A
reaction came late in the day, being
sharp and sudden. and the decline from
its highest point was 25s per cent, while
after a rally it finally slosed at only
shade better than the lowest figure.
The other trusts were active, Lead be-
ing strong on some favorable news re-
garding. the compaDy's plans, and
Cotton Oil on rumors of new
board. In the regular list there was
little feature outside of the specialties.
Chicago Gas again gave evidence of
realiZations, but after the morning
hours it was quiet and held fairly steady
at something better than the lowest.
There was foreign buying of Louisville
& Nashville, st. Paul, Erie and others,
bat it was not of sufficient magnitude to
cause any change in the general course
of prices. Richmond & West Point pre-
ferred was strong at one time, moving
up nearly per cent, but lost all the
gain later, and the only stock show
ing pronounced strength during the
day was Flint & Pere Marquette. The
final drop gave the market a
heavy appearance at the close
and dizziness was once more prom
inent characteristic of the regular list.
The final changes are principally de-
cllnes and for small fractions. the only
important changes for the day being
loss of q in Sugar, and gain of IL
in Flint & Pere Marquette. Railroad
bonds maintained their moderate vol
ume of business, but in sympathy with
the share list was not so firm as usual
of late, and while the final changes are
in but few instances for more than
small fractions, a goodly number are
declines. The sales reached S1,731 1000,
out of which Atchison incomes figured
for $685. 900. Among the advances
Brooklyn Elevated DDS rose ~
to 9O1s; Hooking Valley IS, 3115 to 60119.
Government bonds have been dull and
steady. State bonds have been dull and
steady. The Post says: The most
active stocks were Union Pacific, the
Changers and the Southwesterns, which
furnished 28,500 shares, and at noon all
were from to "a per cent higher than
Yesterdays closing. The Coal stocks
were dull, and only furnished per
cent Of the business, but at IL o'clock