St. Paul daily globe., 1890-01-13
FINANCIAL.
New York.

NEW YORK, Jan. Ii. .-ClearngS to-day,
Sl37, ,O53. I35; balances, 6.5T7, ,4S7. For
the week: Clearings, S742, l43, God; bal
ances S34, ,SSj,j99. Money on call easy,
ranging from TO per cent, last loan at 8
closed offered at 3. Prime mercantile paper,
54@s7. Sterling exchange quiet, but firm at
81. S2la for sixty day bills, and ST s6Ia for
demand. The stock market to-day showed
no change in character from that of the pre-
fious 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 10 a rather unin-
terestlng speculation. The new common stock
of the Wheeling Il Lake Erie was traded in
upon the board for the first time to-day. and
in the first hour rose rapidly from 30A 10
3lS3, but thereafter was rather neglected and
sagged away fraction. There is said to be
q bull pool in the stock. Reading continued
10 led III activity, but the DEALINGS were un-
important and the changes in its price were
very small with those of the rest of the list.
New England showed marked strength and
rose over per cent, the traders and Boston
houses being most prominent in the move
ment. which was said TO be based upon the
Belief Of q favorable statement to De shown
in the near future. Chicago Gas contin-
ued It's upward movement but only made
fractional progress, while Sugar was weak
again on the same old stories which have
done duty throughout the week. IL opened
Oh Is per cent Ut z, ana OcpIDeu 10 OOtS.
after 4 Slight rise, and closed within a small
fraction of its lowest price. There was very
llttie lire IN the market until after the issne
of the bank statement when prices. which
had begun 10 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 4 per cent,
the final changes are insignificant, and about
equally divided between gains and losses.
Railroad bonds were again more active than
animation outside OF the Reading issues
which were weak, the thirds, how
eyer, being the only ones to
end of the day. The general list displayed
the same steady TO firm tone, and while the
final changes arc in almost all eases insignif-
lesnt, they are oftener gains than losses
Reading third lost at ii Chesapeake d
Ohio securities lost Dig at III. The sales
reached S6-I,0O0 The sales Of bonds Tor
the week were $40. 10000, against only
81, ,SS3. 900 for last week. The Post says:
Notwithstanding the comparatively easy con
dition of the money market in the past week
and the certainty that the bank statement to-
day would be very favorable. and notwith-
standing also that railroad earnings, as re-
ported from week TO week and month TO
most sanguine expectations railroad
stocks are nearly all lower to-
day than a week or ten DAYS ago Almost
the only exceptions TO the general declines
NClS DSi.iNtlC N IuQSOlI. 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 1ide 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 81, $50. 700 in the
surplus reserve, and places the banks in q
very strong position, so that money is likely
TO rule even lower next week than last. One
railroad stock market is thatspeculative cap
verted into other enterprises which are not
is that the outlook for the coal stocks, which
apartments. is not encouraging, and still an
ing more largely III the bonds of some of the
great corporations than in their stocks GOV
ernment bonds have been dull and steady.
State bonds have been dull but firm. The
exports of specie from the port of New York
during the week amounted TO S549,7S4, of
which S6i, ,764 was in gold and S527, 7,o2O
silver. OF the total exI rts S69S in gold
and Si20. 740 in silver went TO Europe and
S54,77S III gold and 81 ,4S0 in silver to South
America. The imports OF specie for the
week amounted 10 sos S9i, of which S57. .33I
was in gold and S6.56J silver. The total
sales of stocks to-day were lu5, ,S4l shares
intending: Kansas IL Texas. I,6So, Missouri
Pacific. 3,85u; Reading. u, 700: Richmond
d West Point, $500; 81. Paul, 2,6ov; Union
Pacific y