St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-15
FINANCIAL.
New York.

NEW ORR. May l4.-ClearlngS, Sl5S.Z1l.-
94S: balances. Sc, 500 Money on cal
loan g. close offered at 3. Prime mercantile
paper, 4S4GD7 Sterling exchange quiet and
steady at SiS414 for sixty-day bills, and
S4.S64 for demand. The stock market to-
day was extremely active all the way out
while the strength shown kept pace with the
activity. and All almost unbroken line of ad-
vance among the active shares is the result
of the days operations. The trading to-
day gave the most positive evidence that
the public is in the market TO O
credit for of late. ana the professional oper-
ators found the making of quotations taken
entirely out of their hands. which is COM
paratively new experience for them. The
recent disturbances in the West seemingly
amount 10 nothing as the impression is that
the values are on an up grade, and the news
to-day, especially that of a bearish tenor, was
paid absolutely 10 attention to. The foreign
erS were more OF a factor to-day than they
hove been at any time yet, and the purchases
first advance to-day. in the face of con-
siderable pressure brought to bear
by the shorts Commission houses were well
supplied with buying orders. and at every
concession there was flood of buying orders
executed which quickly turned the course of
price, and the reactions were short and of
small importance. In some stocks there was
considerable excitement at times, and while
different shares come to the front at different
times there was no diminution TO the large
tIading from beginning to end. In the early
dealings the coal stocks were most prominent
for strength, and Delaware d. Hudson shot
I'D D per cent to 10, Jersey Central fol-
lowing. The grangers and Southwesterns
also led in the afternoon, but la:er the
trusts, especially Lead and Chicago Cas- took
the lead, followed later by Atchison. st. Paul
aud Richmond d West Point. The bull
points were out on almost everything on the
list, and there was scarcely stock which did
not share In the general improvement.
Among the specialhes there were not so
many marked movements. but the San Fran
cisco stocks we're being sharply advanced
and Mexican Central and Laclede Gas were
specially prominent for both strength and
animation. There were realizations all day
long, but the selling was heaviest toward de
livery hour and temporary reaction was
forced at that time, but the demand was
too much for the sellers and the market
closed very active and strong, generally at
about the highest of the day. The list is al
most invariably higher, and Delaware &
Hudson, after partial reaction, is up per
cent; Chicago Gas, 25s; Atchison, 2i4; Mis-
souri, Pacific. st. Paul and Union Pacific each
l, and some marked gains among the spe-
cialties took place. The dealings in railroad
bonds kept pace with those in stocks and
the grand total of transactions to-day is 81
$50, 300. out of which Atchison As figured
for $4,000 Atlantic IL Pacific incomes
$500, 900, and Texas Pacific incomes, Read
ing lists and Atchison 4s for smaller
amounts. The activity extended to all the
issues of the roads in process of reor-
ganiZation or the new issues of
a speculative nature. and while the
tone of the market was strong it
was not so pronounced as that in stock, sew
eral declines of magnitude taking place. The
principal advances comprise Atchison in
comes, eh to 70ls; Chicago d West Indiana
general SIS, to 1l9; st. Joe and Grand
Island DDS, 3 TO &c. Government bonds
have been duh and steady. State bonds have
been dull and featureless. The Post says:
THE news of the forenoon was OF mixed
character, but the general tenor was favor
able. The strength of the market yesterday
to traders, who looked for O. reaction in price
on the higher rates for money, but
the outside public is in the market
to greater extent than generally
supposed, and the support from this source
more than balances the efforts of the bears TO
depress values. Prices were lower in the aft
ternoon, the decline having been only 1s00l
per cent. The net result for the day was an
advance of II to Per cent The total sales
of stocks to-day were 647, l55 shares, includ-
ing: Atchison, 1890; Canada Southern.
1890; Delaware, Lackawanna & Western.
$4,000; Delaware & Hudson. 4, 700; Lake
Shore, $500; Louisville & Nashville. 1900;
Missouri Pacific, 8, 900; Northwestern, s, 700;
New Jersey Central, 400; Northern Pa
cifc 5000; Oregon TranScontinental, 4, 70n;
Pacific Mail, 300; Reading, AZ. 75U; Rich
mond & West Point, 57,125; st. Paul. 81
go; Texas Pacific. 5, 100; Union Pacific,
10000; Western Union, Is, 200.