St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-27
BANK OF MINNESOTA.
Paid-Up Capital, 100000. 80.
VIM. Dawson, Pres Robt. A. Smith, V. Pre-
VIM Dawson Jr.. Cashier.
FINANCIAL.
New York.

NEW YORK, May 26.-Money on call
easy, ranging from 4 to SIC per cent;
last loan, 4; closed offered at 4. Prime
mercantile paper, 5@7. Sterling eX-
change quiet and strong at $4.94 for
sixty-day bills and 1886 for demand.
The total sales of stocks to-day were
317,707 shares, including: Atchison.
21,710; Louisville & Nashville, 3,165;
Missouri Pacific, 9,120; Northern Pa
cific, 1850; Oregon Transcontinental,
1880: Reading, 10,700; Richmond q
West Point, 22,055; st. Paul, 1920;
Union Pacific, 5,270. AS the recent net
earnings of the railroads are made
public the outlook is better. as
the net earnings in many cases
make materially better SHOW
day being bank holidays in London, the
stock market received no support from
that quarter, and to- day there was dis
position on the part of many operators
to wait for London. Friday here is also
a holiday, land the week being so broken
up, it is probable that no great activity
NAV be looked for in Wall street until
the beginning of next week. The feel
ing this morning, however, was gen
orally bullish, and the general list as
rule showed small fractional improve
ment over Saturdays final prices.
Chicago was buyer of the
grangers and Chicago Gas; and the
commission people, while not so
literally supplied with orders as
a few weeks ago were bulllsh and advised
purchases. The movements in the list
under the circumstances were small and
unimportant as a rule. and only in the
few stocks in which opportunity was
given for special demonstration was
there either activity or wide tiuctua-
tions. In the regular list st. Paul was
active, and while traded in over a
firm front with the rest of the list.
Atchison, although the issue of a large
amount of new stock is not looked upon
with favor, held its own very. we'll,
though dropping rather more than the
remainder. A special drive was
made at Chicago, Cincinnati,
Columbus & st. Louis in the
forenoon, with the result of knock
ing off its price nearly 2 per cent. but
partial recovery followed, and only a
Slight effect was produced upon the
general list. Chicago Gas and Oregon
Transcontinental were the strong stocks,
and the former retained most of its adj
vance at the close. The features OF the
day, however, were the trusts, and
especially Sugar and DiStille1s. The
former was let off rapidly i'll the early
dealings, ostensibly with the object of
getting rid of too numerous following,
and within ten minutes it had fallen
from SO to S514. The stock rallied to
SSSSS but closed at S61S. Distillers was
lifted upon the report Oh its having
obtained practical monopoly, but
10 RI OF 11nru fn ri aU rQnNrtnH not
to have come into the trust and the price
was ratified off from 49, to 45, though it
rallied to AZ and closed at 4615. The
general market showed the effects of
realizations toward the close and the
market closed quiet and heavy at in
significant changes from the opening
figures. The list is irregularly and only
slightly changed, but while Chicago Gas
is up 1Ss, Sugar is down ~; Delaware
& Hudson II. and c., c., G. Il st. L.
per cent. Railroad bonds were quiet,
but displayed again firm tone, and
while the final changes are generally
slight, the majority are advances. The
sales were 81, 294.000 with the Atchison
incomes leading. c., c., G. & st. L.
consuls, Ohio q Mississippi consols,
Lake Shore lists, Alton & Terra Haute
dividends and Ohio. Indiana & Western
lists were specially strong. Government
bonds have been dull and steady. State
bonds have been dull and without feat
IRE. Petroleum opened firm at 944c
fer spot and 9419c for June option.
After slight advance i'll the early trad
ing the market became heavy and
sagged off slowly until the close, which
was dull at $3.50 for spot and 94c for
June. Stock exchange opening, 9414c;
highest, 9415c: lowest, $3.50; closing,
$3.50. Consolidated exchange opening,
9415c; highest, Csc: lowest 94c; closing,
94c. Total sales, $4,000 bbls. The
Post says: The news of the forenoon,
while of mixed character, was on the
whole favorable to higher prices for
stocks. The good bank statement
of Saturday increased the bull
ish feeling among traders, and thought
prices have advanced for the last two
months has not altered their eXpecta
tions of still higher prices. The situa-
ton among the Western roads continues
unsettled, with no encouraging featur
in the immediate outlook, but the earn
ings of these roads show large gains
over last year, which indicates consider
able eXaggeration as to the actual
troubles. The reduction in passenger
rates affects only small part of the
total business. and is partly compen-
stated for by the heavier volume of
travel. The coal trade has improved to
an extent that warrants the starting up
of several heretofore idle collieries.
The net result for the day was irregular
changes, with the majority of the stocks
L 80 80 10 10. CT.