St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-17
FINANCIAL.
New York.

New YORK, Feb. 15.-Clearings. 1924, 1OO,-
293; balances, S5,O94.877. For the week.
clearings, S579, 961, 400; balances, S32, 122,
and closing at 2la per cent. Prime mercan-
tile paper, o@61a per cent. Sterling ex-
change, dull and steady at 81. s2a for sixty
day bills, and S4.s7 for demand. The
stock market was dull again to-day. but
weak almost from opening to close, and
while sugar was the great feature of the day,
material losses were sustained in the regular
list on comparatively light business. The
bears were again active and aggressive, being
against the list by rumors OF
a bad bank statement which were
given color to by the assertion of the Finan-
cial Chronicle that the banks had lost
So. 100000 during the week. That the cal
culation was correct was shown by the state
ment showing loss in the surplus reserve
of something over S2,OOO,O The char
acter OF the railroad news was rather mixed,
and had little effect one way or the other
upon values. The trusts were strong in the
early dealings, continuing the advance of the
past few days, but later they gave way with
the rest of the market. and sugar refineries,
after an advance of 10 per cent to 697sc, retired
to 6ISsc. and closed at 673sc. In the regular
list, Louisville & Nashville sold ex-rights. and
was weak throughout, being joined by Miss
ouri Pacific and Rock Island. With the ex
eep ion of Chicago Gas. these were the only
stocks which showed any marked weakness.
ued its decline. The coal stocks were quiet
and well held throughout the session, and
the remainder of the list, with the eXcep
lions noted, were dull and without feature
OF interest. The market finally closed quiet
and weak at the lowest prices. The final
CHANGES are almost invariably losses, and
Chicago Gas lost "a ; LOUISVILLE & Nashville,
! "A; Rock Island. lis, ana Missouri Pacific,
d,,,l per cent Railroad bopds were we're
closely maintaining heavy to weak tone
throughout. and the final chances are gem
orally in the direction of lower figures. Wis
consin Central incomes were again the only
feature of the dealings, though several other
reached S596,00o, but no special animation
was noted. The losses included Kansas City
and Omaha lists, 3la at So; Norfolk & West
ern general IS, 2ls at 1l7l2. The sales of
railroad bonds for the week were 81, 2U7, 900
against So, O5S,000 for last weak. Govern
ment bonds have been dull and steady. State
bonds have been entirely neglected. The Post
says: 1.-The bank statement is, IN fact, not
so unfaVorable as appears OH the surface, be-
cause in regard 10 the most Important item,
which is the decrease of 81 $4,000 in
specie, 1t is known that the great bulk of
this has gone into the sub treasury for du-
ties. During the week the sub.treasury had
& net credit OF about 81 ,S0O,0'm at the
clearing house. Money that has been alb
sorbed by the treasury can be got out again
by the purchase of bonds, and in that re-
spect Inc transfer OF specie from the banks
to the treasury is that much less serious
than its disappearance into unknown chan
nails. Notwithstanding the heaviuess of
the markets for both the stocks and
bonds of the railroads, there has scarcely
been time in two years when the net earn
ings of the roads in almost every part of the
country were SO encouraging. As already
mentioned, the net earnings of the Illinois
Central Tor the seven months to Jan. 81
show an increase of % per cent, but besides
this. the net OF the Minneapolis & ST. Louis
for six months to Dec 81 increased 30 per
cent; the Burlington q Northern for 1899
increased IS per cent; the Burlington &
Qcincy increased 70 per cent for 1889, and
1t is believed that the same rates of increase
over the early part of 1899 are now being
maintained. These roads are In the
territory where there has all the
time been the most talk of rate
wars, and it is probable that the increase of
their net earnings is a fair index of ell the
other roads in the same territory. The ex-
ports of specie from the port of New York
last week amounted to S469. 356 of which
Sl53, $50 was in gold and S316, 100 silver.
The imports of specie for the week amounted
to $l57,514, of which S1lS,641 was i'll gold
and S39, 1873 silver. The total sales of stocks
to-day were l30.44S shares, including Della
ware, Lackawanna & Western, 1920; Louis
vile & Nashville. 1875: Missouri Pacific,
1900; Oregon Transcontinental, 1925;
Reading, 6.l75; Richmond d. West Point
1895; st. Paul, 1850; Texas Pacific, I,S0U;
Union Pacific, 4.57O.