St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-06
FINANCIAL.
New Work.

NEW YORK, Jan. 4.-Money on call easy,
ranging from to per cent; last loan 8
Prime mercantile paper, 5a4@7la per cent
Sterling exchange quiet and firm at S4SO
for sixty-day bills and S4.S4 for demand.
The total sales of stocks to-day were l3U.-
1.SO0; Delaware, Lackawanna & Western.
4S0O; Kansas & Texas 300; Lake Shore
2s60; Missouri Pacific, I1,l7l; Northern
Pacific preferred, 2.055; Oregon Transeon-
tinental, 1910; PACIFIC Mail, $500; Reading,
y 100; Richmond IL West Point. 5, 335; st.
Paul, 1926; Texas Pacific, 20Di,: Union
Pacific, 800: Western Union, 100. The
stock market was again moderately
active today and in that respect furnished a
marked contrast to the dealings during the
same hours OF yesterday. and the urgent de-
mand for stocks which was developed i'm yes
terday continued with the result of moving
everything traded in higher than last even.
ing. The money rates to-day were of course
merely nominal, but they were low ana the
purchasing for the long account assumed
larger proportions and aided by the demand
from the short, strong and steadily adyanc-
ing market was made. The uniformity of
the Improvement was feature and the only
marked advances occurred in specialtieS.
The opening was active and strong at ad-
Vances over last nights figures extending 81
per cent and with the single exception
OF sugar refineries which was sold
on rumors OF probable contest between the
refining interests, the entire market moved
up though the only specially prominent ad-
vance was IN Colorado Coal, which spurted
up IA per cent in short time. Sugar retired
about per cent, but recovered a largel por-
ton OF tho loss while the general list was
subjected TO moderate setback toward II
o clock. This was of short duration, how
ever, and the upward movement was soon
resumed, though with less force. and no
further feature was developed, the close be-
ing active and strong, with prices generally
at the highest points. Pacific Mail was ad-
Taneed on rumors of favorable action at
Washington and on points emanat-
ing from the insiders, and Lead
Trust was bought steadily on the
belief Of better prospects for
the trust. Illinois coal and coke was again
active, ana advanced q small fraction over its
last evenings price. The entire active list is
higher tonight. and while the improvement
IS generally measured by fractions, Colorado
Coal aud Central Pacific are each up ll2. and
Pullman ia, while sugar refineries lost IA.
Railroad bonds were more active than
they nave been for some time. the tranSac
tons for the two hours reaching 1858 COG
with the Chesapeake & Ohio IS specially
prominent in the dealings, with transactions
Of Sl2O,00O. Shenandoah Valley Isis Ger.
utlcates rose from to ll5.
The sales of bonds for the week were
"a, s83;O 900, against 81, 49l 900 for las. week.
Inc. Inc Pest Ss5 says: Up to last night,
Inst three business days since Mon
day, when the lowest prices of The week, or
OF the two weeks. were made. The market
mas been remarkably strong for the last ten
days considering its extreme dullness. and.it
was apparent that an important rise was de-
layed only by the stringency of the money
market. Yesterday it began to be believed
that The severe pinch in the money market
was over, and though it was also probable
that money would continue legitimately close
for some time, the fear of extreme stringency
disappeared and stocks became buoyant.
There was good deal of money offered for
loan on the stock exchange yesterday after
noon that was not taken, and this forenoon
it was offered at 3 per cent. This gave stocks
another lift" Government bonds have been
dull and steady. State bonds have been dull
and steady.