St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-13
FINANCIAL.
New York.

NEW YORK, Jan. IL. - Clearings today.
Sl37, Cos, 1855; balances S6,5!a,4e7. For
ances, S34, eSi,599. Money on call easy,
ranging from 3 to per cent last loan at 3;
closed offered at 3. Prime mercantile paper
5I4@7. sterling exchange quiet, but firm at
81 2I2 for sixty day bills, and 81 S6la for
demand. The stock market to-day showed
no change in character from that of the pre-
vious days of the week, and. except for few
stocks. was narrow and dull. without move
ment or feature OF interest. The general
tendency Of prices in the absence of pressure
was upward, and the bank statement, with
Its heavy increase in the surplus reserve,
served TO give strong close to arather unin-
teresting speculation. The new common stock
OF the Wheeling d Lake Erie was traded in
upon the board for the first tlue today. and
in the first hour rose rapidly from 304 to
31s4, but thereafter was rather neglected and
sagged away fraction. There is said to be
bull pool in the stock. Reading continued
to led in activity, but the dealings were I'M
important and the changes in its price were
very small with those of the rest of the list.
New England showed marked strength aud
rose over per cent, the traders and Boston
houses being most prominent in the move
ment, whi,h was said to be based upon the
belief of favorable statement to be shown
IN the near future. Chicago Gas contin-
ued its upward movement but only made
fractional progress, while Sugar was weak
again on the same old stories which have
done duty throughout the week. It opened
Off Ss per cent at so, and declined TO 5O7s.
after slight rise, and closed within a small
fraction of its lowest price. There was very
little lie in the market until after the issue
of the bank statement. when prices. which
had begun to sag, stiffened up again, and the
close was strong and active, generally at
fractional advances ov er the opening prices.
Except in sugar, which is down "a per cent,
the final changes are Insignificant, and about
equally divided between gains and losses.
Railroad bonds were again more active than
tic oil hor Tr-GS oil
animation outside of the Reading issues,
which were weak, the thirds. how
ever, being the only ones to
show any, material loss at the
the same steady to firm tone, and while the
final changes are in almost all cases insight
icant they are Oftener gains Than losses
Reading third lost at al. Chesapeake &
-eaehed S6-4.0u0. The sales of bonds for
the week were SIO,I26,u0O, against only
81, $4,000 for last week. The Post says:
Notwithstanding the comparatively easy con
and the certainty that the bank statement to-
day wouid be very favorable. and notwith-
standing also that railroad earnings as re-
ported from week 10 week and month to
most sanguine expectations, railroad
day than week or ten DAYS ago. Almost
the only exceptions TO the general declines
were LacEaWdnna. DelaWaf6 a HUDSON. WIS
consin Central, and few such specialties as
Consolidated Gas, Chicago Gas and Colorado
Coal, the prices of which were marked up
and down arbitrarily by pools or individuals
without any bona tide trading in them, and,
therefore, the fact that they are higher than
week ago has no real significance as re-
CARDS the general tendency of prices. The
bank statement TO-DAY was very favorable,
showing an increase of s., 259, 700 in the
surplus reserve, and places the banks in q
very strong position, so that money is likely
to rule even lowcrnext week than last One
cause of the dizziness and beavineSs of the
railroad stock market is that speculative cap
ital has, to considerable extent, been di-
verted into other enterprises which are not
represented on the stock exchange: another
is that the outlook for the coal stocks which
are so important group in all speculative
apartments. is not encouraging, and still an
other is that speculative capital is how deal
Ing more largely i'll The bonds of some of the
great corporations than in their stocks. Gov
eminent bonds have beenA dun and steady.
State bonds have been duh but firm. The
exports of specie from the port of New York
during the week amounted to S54S,TS4. of
which SCI, 764 was in gold and S527,o20
silver. or the total exI orts S6.99 in gold
and S125.74O in silver went to Europe and
S5f,77o in gold and ST $50 in silver to South
America. The imports of specie for the
week amounted to 500, sci of which ST., 1874
was in gold and $685., silver The total
sales of stocks to-day were 1854 shares.
including: Kansas Il Texas I.650; Missouri
Pacific, 1850; Reading, u 700; Richmond
& West Point, $500; 81. Paul, 900; Union
Pacific