St. Paul daily globe., 1890-04-30
FINANCIAL.
New York.

NEW YORK, fApril 29.-Clearings to- day
were $165, ,oS3, 1853: balances, S6,3l2,403
Money on call easy. ranging from 3l2 to 4l2
per cent: last loan 4 closed offered at !.
change quiet and weak at 81. S4% tor 90,
day bills ard S4.S6l2 for demand. In wall
street to-day there were again free reallza-
tions, but the general sentiment as indicated
by the general course of prices, is still very
bullish and all offerings, both from realiza-
tions and the hammering of the bears, are
steadily absorbed and prices continue to
move up slowly but steadily. The reports of
an interview with Mr.. Gould at st. Louis last
night created considerable of an impression
on the street on the strength OF dis.
patches from Chicago that basis of
settlement of the railroad fight
had been reached failed OF contirma-
ton later in the day. The news that Chair
man Walker had been summoned to st. Louis
to confer with Gould created renewal of
the bullish feeling, and buying of Missouri
Pacific became the great feature OF the DAY.
The London market was again materially
higher than ours last evening, and London
sent large buying orders which had the effect
of opening our market up with the London
favorites of Louisville & Nashville, Northern
Pacific preferred, and Norfolk d Western
preferred leading. Northern Pacific. was IA
vorably affected by news that a syndicate
has taken the Northern Pacific bonds set
aside to retire the issues of the Oregon
Transcontinental. The realizations, how
ever, again forced prices off, and the dlsap-
pointment over the report OF Union Pacific
made that stock a leader in the decline,
reached over slight fractions. vigorous
rally started toward noon, in which the VAN
derbilt stocks were most conspicuous, put
later Missouri Pacific became the leader OF
the upward movement which then assumed
large proportions. Lackawanna, Delaware &
Hudson, Michigan Central. Wisconsin Cen
tral and other specialtIes joined in the move
ment, and the whole list felt the stimulus,
which soon wiped out all the early losses,
and the best prices of the day were generally
reached toward delivery hour. Realizations
again put a stop to the improvement but only
for time and the market finally closed act
i've and strong, Northern Pacific preferred
leading the last upward squirt. The final
ton OF higher figures ,and. while
most advances are for small fractions:
Northern Pacific preferred is up 2, Missouri
Pacific 15s and Pacific Mail 1ss. Railroad
bonds were again active and strong all the
way out, the business of the day being 81
$4,000, with material gains all over the
list The Atchison incomes. the Wisconsin
Central incomes and the Texas Pacific in
comes were the active speclalties and all
were strong. The Hooking Valley issues. the
Denver Rio Grande As, the Cedar Falls
lists, the ST. Louis & Cairo As and the Rich
mond L. Danville debentures were the strong
bonds, and while there were few declines
noted they were not of special Importance.
Government bonds have been dull and steady.
State bonds have been dull and steady.
The Post says; There was considerable re-
alizing of profits on the general market dur
ing the forenoon, particularly In the first
hour, but the general feeling continues bull
ish. The advance in the Northern Pacific
Oregon stocks was due to reports OF new
financial reorganization of the Oregon
Transcontinental company, but the market
on the whole ref1ectedsonly the operations OF
the professional room traders. London was
buyer of the Southern stocks. respecting
which there is considerable bullish talk, and
ST. Paul also was bought for the same ac-
count The Union Pacific report for the
year was rather disappointing. to which fact
the decline from 665s to 65ss is
attributed. Some fear is entertained
that money will work closer at the end of
the month, due to calling of loans by railroad
companies. but there is no reason to appre-
hend any advance in rates. Stocks were
stronger in the afternoon, and the highest
prices of the day were made in the hour to 2
o'clock In the last hour there was small
reaction. and the net result for the day was
advances of l8@l per cent on the general
market. The total sales of stocks to-day were
404. 1875 shares, including; Atchison, $500;
Canada Southern, $500: Delaware, Lacka-
wanna & Western, 1880; Lake Shore,
s.472: Louisville & Nashville, II, 727; Mich
igan Central. 8, $50; Missouri Pacific, 3s, $50;
Northern Pacific, 1920: Northern Pacific
1910; Pacific Mail, 1855; Reading, TO-
600: Richmond & West Point 9,492; St.
Paul, zS.625; Texas Pacific. $3.50; Union
Pacific II 900. Western Union g. l50