St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-02-03
FINANCIAL.
New York.

s24 1872; balances, s7,4pI. 2s5: For the
week: Clearings, $762.92a, 7S5: balances,
s35, 7s2, AT, Money on call easy, ranging
cent; closed offered at 3 per cent. Prime
mercantile paper, 4s4@6I2 Sterling ex-
change quiet but steady at 81. 93S4 for
sixty.day bills and SI.S74 for demand.
the matter of business compared favorably
with any Saturday session for the past two
months and though the movements in the
list were confined to small fractions only, the
market continued TO show a broadening
tendency accompanied by steady though
slow hardening of values. The bears
are believed to have made no
important gmorn attempt shorts to cover the
earlier in the week, and as the effect of the
bank troubles seems to have about disap-
peared, the smaller buyers begin to appear
and the improvement of values is again
under way. The bears in the first hour cir
culated the report of some accident assur-
ance association being in trouble. but no con-
firmation of the report was had and it OBJ
tanned little credence and had no appreclable
influence upon the course of prices. The
only stocks which came into prominence
were New England, Reading and Lackawan-
ma, the buying in both being conspicuously
by the same parties who have been active in
movements for more than small fractions,
and the rest of the list were,
aa a rule, stagnant. The Chicago
d Eastern Illinois stocks, however, were
marked exceptions to this rule, the cireula-
ton of the report that no dividend would be
paid in March having the effect of sending
the preferred down 4I2 per cent and the com
mon 2l2 The preferred rallied somewhat,
but the common closed at its lowest figure.
The market opened steady, and after slight
advance retired again. but later rallied and
closed firm, though dull, generally at the best
prices of the dao. The final changes are gen.
orally slight and irregular, but the Chicago d.
East Illinois common lost Dig and the pre-
ferred 3. Railroad bonds, with the-exception
of the Texas Pacific DDS, were quiet and
steady to firm, though the market
showed but little feature, and the
final changes are of slight importance.
Sill 900 to the days total of $3.50, 900. The
sales OF bonds for the week aggregated
81. S23, 900 against S9, $50, 0JO for last week.
The Post says: Speculation in New Eng
land is strong owing to its good earnings. OF
course it Is manipulated, as it has been all
for the time year or two, but there really
seems more reason for encouragement now
ID regard to its future than heretofore. Lack
awana is strong, partly on the prospects of
increased earnings as the result of its new
connections west of Buffalo. and Reading is
strong because there is a large short interest
to be covered Lake Shore and the other
Vanderbilts are strong because they are the
most prosperous roads in the United States
and their stocks are being absorved for in
vestment. Richmond Terminal is stronger
because all of its lines are doing well. and
neither the common nor the preferred stock
has had any rise for over year. The course
of the market through January was generally
towards higher prices, but was subject to SO
many reactions that while the majority OF
stocks were higher at the close eff the month
than at the beginning, the gains were gen.
orally very small. The only noteworthy ex-
ceptions were Louisville q Nashville, Nor
folk d Western preferred, Evansville & Terre
Haute, Richmond Terminal, Oregon Trans
continental, and Delaware & Hudson, all of
which advanced from 3 to points and Lake
Shore. Lackawanna, St Paul preferred, Mis-
souri, Pacific, Northern Pacific common and
c., c., G. L. st. L., which advanced from l to
2l2 points. On the other hand. Jersey Cen
trail, San Francisco seconds, preferred, Kan
sas d Texas, and Eastern Illinois. preferred
and common, declined from to 6 points
| Government bonds have been duh and
heavy State bonds have been neglected
| The exports of specie from the poIt of New
| York last week amounted to S726 $50, OF
! which Sc, 900 was gold, and 500, O36 in sill
| yer. OF the total gold exports $500 went to
| Europe, and So 600 to South America, OF
| the silver exports S7O2, 354, went TO Europe
| and $l7,6S2 to South America. The imports
| of specie at the port of New York amounted
| to S143, SOP, of which Sl07. $50 was gold
| and S35, 1873 ailver The total sales of stocks
to-day were l12, 1OS shares, including
! Atchison, 1900; Delaware Lackawanna 4
| Western, 1887; Lake Shore, 2,1O0; Missouri
| Pacific, 1850; Pacific Mail, $500; Reading
| 2S,S00; Richmond & West Point, 5,9I5
st. Paul, 2 $50; Union Pacific, 9, 600.