St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-25
BANK OF MINNESOTA.
Surplus, 500, 900.
Vim. Dawson, Pres. Robt. A. Smith, V. Pres.
VIM. Dawson Jr.. Cashier
FINANCIAL,
New York.

NEW YORK, March 24.-Clearings,
SOS, 49,, sol; balances, S3,022. 404. Money
on call easy, ranging from 31a to 4 per
cent; last loan, So; closing offered at
80. Prime mercantile paper, 515@715.
Sterling exchange quiet, but firm at
S4S2A for 60-day bills, and S4.S5sl for
demand The stock market to-day was
still dull. with fluctuations, but the firm
to strong tone which marked the de-
week was still prominent, and the
operations of the day resulted in gen.
eral appreciation of values, with few
material advances among the special
ties. The rise of the last few days en-
cOuraged small demonstrations here and
there by the bearish traders this morn
ing. and consequently the market dur
ing the forenoon showed little, if any,
improvement over Saturdays prices. and
the dizziness was still the most prominent
characteristic of the speculation. The
fact that the bank statement of Saturday
was favorable beyond expectation. and
the prospect of early and favorable
action on the Window silver bill, are
likely to make buOyant feeling in the
street. The opening figures under the
pressure to sell for the short account
were generally from e to a per cent
lower than last Saturdays closing, but
the decline, except in such specialties
as Tennessee Coal and it's kindred
stocks, went little further. The
market exhibited even in the
dullness stubborn strength
which soon compelled the bears
to withdraw, and in the afternoon cov-
ering of shorts, with some little buying
for the long account, led to more active
business with steadily advancing prices.
The grangers were most conspicuous in
the upward movement, and st. Paul.
Rock Island, AtchiSOn and Missouri Pa
cific attracted attention, while the btu
minous coal stocks, which were the
leaders on the early decline, recovered
almost all of their losses. Among the
specialties the most marked movement
was in Chicago q East Illinois pre-
ferred. which upon the news of the de-
claration of dividend upon the stock,
moved from III to 81. Other gains
of moment were in New York &
Northern preferred from "a to
26. in Wisconsin Central and
Wheeling & Lake Erie preferred.
The trusts were quiet. but Sugar
while showing considerable animation
was traded in within comparatively
narrow limits for that stock. The new
SlOChS VI tilC 1AihOii SnL OObtoh Vii WClO
traded in to-day, the common selling at
1s and the preferred at rs. The market
showed no change after the upward
movement was once started, and the
close was strong at the best prices Of
the day. The list is almost invariably
higher tonight. Chicago & East Illinois
preferred rose SO, Wisconsin Central
IL and Northern Pacific preferred and
Peoria, Decatur & Evansville per cent
EACH Railroad bonds were also little
more active, and the transactions to-day
reached 81, 800, 900, with the AtchisOn in
comes and the Louisville, New Albany
& Chicago cOnsOlS as the special
features, furnishing $150,OOO and
tai. The tone Of the market
was firmer, but only slight changes
took place. Government bonds have
been dull and steady. State bonds have
been dull and steady. The Post says:
1t is apparent that there is no specula-
tive feeling among that part of the pub
lie who do not hold any stocks, and. on
the other hand, it is equally plain that
capitalists in this country who hold
stocks and railroad securities are not
disposed to sell them. The same. how
ever, cannot be said of foreign holders,
and there is reason to think that nearly
all through this month there has been
dribbling of stocks from the other side,
coming Immediately from London, but