St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-24
FINANCIAL.
New York.

New YORK, March 22.-Clearings today,
S1O2, 456,O72; balances, Sd, 242 $50. For
the week: Clearings, 1927, 255. 535; bal
ances, $3l ,076,224. Money on call easy,
mercantile paper, 5l2@7I2. Sterling ex-
change dull, but steady at 81. S212 for sixty
day bills and 81. S5I2 for demand. The dull
ness in the stock market which has been such
a feature for the past week was still more
pronounced to-day, and the transactions
than six months. The strong tone of yester
day remained, however, as the impression
that the bank statement was to be good one
was most universal, and the selling was very
cautious, while covering of shorts was in
dulged in to a marked extent consider
ing the limitations of the market. The
general list remained within the narrowest
limits, ana the stocks among the usually
active list which fluctuated over a range OF
more than " per cent could be counted upon
the fingers of one hand. Sugar was again a
feature for one-half the session, but the
traders sold it on the theory that the divi-
dend news having come out the stock would
be sale. Tennessee Coal was the strong
feature rising TO 81 against 541s, but it re-
acted late in the last hour to So. Hooking
Coal and Iron sympathized with it and
scooped net rise of 1l2 per cent, closing at
81, In the railroad list the Flint and Pere
Marquette stocks were specially stI ong, and
the common at 347s is up la and the pre-
Among the other srecialties which showed
considerable strength. the Wheeling q Lake
Erie shares and Louisville, New Albany e.
Chicago were prominent. The other move
ments were entirely without significance.
The market closed dull and strong at the best
prices. Railroad bonds showed the same
dizziness and steadiness which has marked
the dealings throughout the week, and on a
very limited business only slight changes
were recorded. Government bonds have
loa, l,,I1o Cfotn dc ha,y
entirely neglected. The exports of specie
from the port of New York during the past
week amounted to 500, 2u6, of which $751;
435 was in gold and $2s7,771 silver.
The imports Of specie for the week
ess mas in god and s2s efs Silver syer
The Post says: Almost the only active stock
that is noticeably lower than last week is
Union Pacific, though there are larger de-
clines on few Of the specialties, such as
Oregon Short Line and Louisville, New AL
bany & Chicago, which are respectively 2
and 8 points lower. Everything has seemed
10 indicate during the week that the appre
tensions of tight money were the chief OBJ
stacles to further advance In prices of
stocks. And yet, when the bank statement
was announced, it did not have the imme-
date expected effect on the stock market. for
in the twenty minutes before the close
of business prices fell off "a to ss
for the majority OF the active
STOCKS. Ine IdcC tnaJ the early prices IN
London were lower than the closing prices
here last night. may have had some effect to
induce selling here for the time being. But
all things considered, the entire situati on.
both as regards the prospects of the rail-
roads for good earnings, and also as regards
the money market, have improved SO much
that 1t can scarcely fail to have a tendency to
make higher average prices for stocks next
week. The tota! sales of stocks to-day were
54.4S3 shares including Atkinson, $3.50;
Louisville & Nashville, 3,1S4; Oregon
Transcontinental, 1,7l0; Reading, LOO;
ST. Paul. 1900.