St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-04
BANK OF MINNESOTA.
Paid Up Capital, 100000.
Surplus, s1o0o0o
VIM. Dawson. Pres. Robt. A. Smith, V,Pres
VIM. Dawson. Dr. Cashier
FINANCIAL.
New York.

New YORK, Jan. 3.-Money on call tight.
ranging from to II per cent; last loan /
per cent; closed at per cent bid. Prime
mercantile paper, 534@7la per cent. Sterl-
ing exchange steady but quiet at $3.50
for sixty-day bills and S4Sf for demand.
The total sales of stocks to-day were 147,-
COY shares. Including Delaware, Lacka-
wanna & Western, IO.l53: Louisville &
Nashville. 1870; Missouri Pacific, 1864 !;
Reading, %, 22i; ST. Paul, 1920 The
stock market was unusually dull to-day, es-
pecially in the forenoon, when the high
rates for money served to restrict trading to
the smallest limits, but later there was a re-
markahle drop in the money rates aud prices
for stocks correspondent quickly and although
the business done was but little larger
than during the forenoon. the most marked
advances took place right through the list
the losses of yesterday being recovered with
large fractions in addition. There was little
news OF any kind and what there was seemed
to be of neutral character, SO that the
money question was the ruling Influence i'll
the making of values. The bears started off
with The circulation of stories about bad
bank statement tomorrow, but as the sub
treasury has laid to the clearing house over
S-,OonoW' IN he two days. and advices
from Chicago give exchange on New York ct
6Oc premium, these tales had little or no eff
feet The buying at all times was of the best
character, and late in the day the
shorts entered the field, Increasing
the business and accelerating the advance
The dealings were led by the coal stocks.
Missouri Pacific, ST. Paul and Lead trust and
all OF these stocks were conspicuous for
strength. There were rumors of the cover
ing of q large short interest in the coalers
and no other explanation was offered for
their extraordinary strength in the face of
the general unsatisfactory condition of the
coal trade. There was some hammering of
Pacific and st. Paul, but the impression was
scarcely perceptible and the effort was short
lived. Union Pacific and Oregon Short Line
sGld ex-rights and both soon recovered The
value OF the rights which were sold at from l
to ~ per cent London which has been
standing aloof from this market for the past
few days, showed more signs of more
interest and Louisville d. Nashville
Erie and other favorites of that center
exhibited more life than Of late. The OPEN
ing figures were Irregular, bat generally small
fractions higher than last evening" figures.
and although the market was extremely dull
the strong tone became apparent. and q gen
eral advance all along the line took place:
and although there was q partial reaction
alter the first demand had been satisfied, the
easing off Of money in the afternoon brought
in more buyers, and a marked Improvement
took place in the temper of the dealings from
that Tune The upward movement met with
no check during the afternoon, and the close
was fairly active and strong at about the
best prices of the day. Illinois Coal
and Coke, the new stock introduced
into the unlisted department yesterday
was more active and sold up fractionally
higher than it's best price Of yesterday. The
entire active list, without exception, is
higher and Jersey Central is up l7sc: Mis-
souri, Pacific ls4; Louisville & Nashville,
1la; Sugar, IL: St. Paul, liz; Reading, 1
per cent. and the others generally large frac-
tons. Railroad bonds maintained the usual
volume of business. but the interest in the
dealings centered entirely in stocks to-day.
and in bonds there were few changes of note
and no feature of interest. The sales aggre-
gated Sl,O20.0OO, but there was no special
animation in any one issue, and Chicago d
East illinois consols rose = TO 100: New Jer-
sey Midland lists lost 2l2 at lib. Govern
ment bonds have been dull and steady.
State bonds have been dull but firm.