St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-03
FINANCIAL.
New York.

NEW YORK, July 2.-Clearings,
s167, 465, 723; balances. 50, s36, 5s3. Money
on call close, ranging from to Sper
cent; last loan 4 closed offered at 3.
Prime mercantile paper 5007. Sterling
exchange quiet and barely steady at
S4.S4 for siXty-day bills, and S4.S71s for
demand. The stock market to-day Of
fered even less opportunity for invest
ment than that of the preceding days of
this week, the dealings being smaller
and the fluctuations OH reduced scale,
while the slight movement in the list.
especially after the first hour, possessed
no significance whatever. The trad
ing. such as it was, was ell
tirely professional in its character
and as even the professionals were dis
nothing of interest in the market. To-
day some animation was displayed at
times in Lackawanna, Reading, Lead
Trust, New England, Louisville IL
Nashville and Hooking Valley. but ey-
cept for the dividend in Louisville &
Nashville there was nothing of char
acter to have any influence either upon
the amount of business done or the
course of prices. Hooking Valley fur
nished the only really important move
ment of the day, rising to above 90 again
and holding the advance well. A few
large lots of Reading changed hands to-
ward noon, but the changes in Its quo
tatiOns were not on parity with the
business done. In the regular list
New England was the only stock
showing any advance of note, and with
Reading and Lackawanna was the most
active stock ON the list. Pullman again
moved up and shows gain of IA per
cent this evening, but stands alone as
the one stock showing any material i'm
provement. The dividend on Louis
Vile & Nashville failed to have any eff
feet one way or the other. The market
finally closed dull and steady to firm at
Insignificant changes for the day for
most OF the list. Railr DAD bonds were
comparatively more animated than
stocks the transa ctlOns for the day
reaching 1851, 1000, but the tone of the
ton being the principal feature. The
default in the interest on the San An
tonic and Arkansas Pass lists caused a
sharp set back to those bonds and to-
dav the S5s sold at 711s and the
Sos at u against e71S and S74
resp ectivelyat the last sales. Mil
wau kee, Lake Shore & Western. Ash
land division Is rose 2115 to 120. Govern
ment bonds nave leen dull and steady.
State bonds have been dull and feature
less. The Post says: The United
States treasury was debtor at the clear
ing house in the sum of s., 422, 121. show
ing that large amounts are already
coming out and that an important effect
may be expected on the next bank state
ment. Hooking Valley has attracted
attention lately by its large increase of
earnings. The net earnings for the
four months to April 80 were 1858, 374.
an incre ase of $114,4 All, or SO per cent.
But this increase is in progress yet. and
has been maintained the last few
months, as is shown by the fact that the
net earnings for April were s165, 725,
an increase of SOS, 1856, OF la per
cent. the San Antonio and Arkan-
sas Pass railroad is under
stood to have defaulted yesterday on
the interest on its first mortgage bonds.
The net earnings in the year to June
90. 1889, were $375, 27S. and as the gross
earnings thus far this year have been
s7O6, 400 in the nearly six months to
June 81, against only s516,45S in the
same period of 1889, it would seem that
the net earnings, if available, should be
more than equal to the annual interest. |
The difficulty is that the company is
using all its money in extensions east
of Houston and west of Arkansas Pass,
and is putting out new securities for
the extensions. The total sales of
stocks to-day swere S7,074 shares, in
Guiding: Atchison, 1851; Delaware