St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-05
FIN ANCEAL.
New York.

New York, March 4.-Clearings,
S145, S05.745; balances, S., $751; 1881. Money
on call easy. ranging from to = per
cent; last loan 3, closed offered at 2.
Prime mercantile paper. 5(07. Ster-
ling exchange dull, but strong at S4.S1
for siXty-day bills, and $4.S5 fer de-
mand. The stock market was again
very dull to-day, especially for the reg
ular list, though the trusts showed a
little more animation at advancing
prices. The news of the day was not
of a specially important nature. but the
reports continue to show large in
crease both in gross and net. and as
whole, the railroad business exhibits
greater prosperity than ever before
enjoyed. The foreigners were do
ing very little to-day; Luying
some Louisville & Nashville and selling
a little Union Pacific and st. Paul. The
bears initiated the dealings by a drive
at values, which resulted IN small frac-
tional declines. but, although Union
Pacific. st. Paul and others were made
the special objects of the attack, buying
orders appeared in them. and the bears
soon gave it up and went into cover.
With the cessation of the pressure,
however, dizziness became the ruling
feature, and StagnatiOn settled over the
entire market, relieved only at times
by special movements in few shares.
Western Union and Missouri Pacific
showed considerable weakness, while
Wabash was strong. The attack upon
Western was continued because of the
movement at Washington to establish
a postal telegraph business. There
was considerable buying of Rock
Island, but st. Paul was pressed for
sale steadily all day in . pite of the re-
siStance engendeled by the report of
the earnings for February. One of the
strongest points in the list was Wheel
ing u Lake Erle preferred, which made
a marked advance. The movement. al
though originating in London. was
helped by the report that its new con-
necton with the B. Il o. would soon be
completed. The trusts were all more
active and strong, but Sugar failed to
hold its improvement. Lead rose on
rumors which pointed to the success of
the reorganization plan. The market
finally closed dull and stagnant; insig-
nificant changes from last nights prices,
although most Of the list are
higher. Wheeling & Lake Erie
preferred rose %, Manhattan
and Pullman, which was bought
upon the decisions in the West fav0ra-
bic to the company per cent. Railroad
bonds were quiet to dull. and while the
market exhibited little character. the
general list being staggered, as usual of
late. there was more movement among
the bonds dealt in, and some material
changes for the day we're scored. The
sales reached only S935,OOO, with no
special activity. The advances include
Syracuse, Binghamtnn and New York
frsts, AZ to 1855; New York & North
ern seconds. 2 to 81, and Shenandoah
Valley irsts, Gifts, 2 to IS. Govern
ment bonds have beSn dull and
steady. State bonds have been en-
tirely neglected. The Post says:
The favorable report of the st.
Paul in showing an increase of
over IA per cent in the net earnings for
January over the same month of 1889,
and an increase of nearly per cent in
the gross earnings for February. UNI
doubtedly helped to strengthen that
stock, and in connection with the in