St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-09
FINANCIAL.
New York.

NEW YORK, April s.--Clearings, SIPS, Os7,-
702; balances, S5,S7S, 277. Money on call
easy at 4@4la per cent; last loan at 4; closed
offered at 4. Prime mercantile paper, so
7l2. Sterling exchange quiet but firm at
S495 for siXty-day bills and $4.S744 for de-
mand. The stock market to-day was in
tensely dull in the regular list and some ami
nation in the unlisted department. with
few wide changes in the specialties, which
seemed to save the dealings from utter stag
nation. Notone of the usually active stocks
fuctuated over range OF more than " per
cent, and while Union Pacifc, Atchison,
were more active than the rest of
the list, there was no interest
taken in either of them. The news
of the day, especially that from the West.was
ton was to await further developments in
regard to the Western railroad situation.
This only restricted trading and failed 10
cause any weakness in the market anywhere.
The bears were afraid to hammer the list
after their experience with Union Pacific.
Missouri Pacific and Reading yesterday, and
the last named stock was very active to-day.
The unlisted department was unusually
prominent to-day, and some buying of Sugar
by the traders upon the discovery that there
were more buying orders than selling orders
in the market, and material rise was
brought about in the stock. The buying in
of moderate amount of Horn Silver mining
stock for the account of the Sistares
no effect upon the general market. The
great feature of the day was the unusual
activity and strength in Manhattan. which
not only had the advantage of large earnings
of late, but also reports of the advantageous
settlement of large number of damage suits
against the company. Among the low-priced
shares Wheeling d Lake Erie was again
prominent The Rio Grande Western stocks
spurted up sharply, but Evansville d Terre
Haute. whose last sale last week was al 12O,
dropped back to Ill to-day. The market
presented no further feature of interest, and
at the close was intensely dull and steady at
about first prices. Sugar rose lss and
tinued nninfluenced by the forces
at work upon the share list, and moderate
business with little positive character was
transacted. The sales reached 81, 447, 900,
out of which $4,000 were Atchison in
comes, S115, 900 Atchison 4s, and SlO2, 1000
Duluth, South Shore q Atlantic 5s. There
were very few changes of note and no posi-
tive tendency of prices in either direction.
Among the issues which are higher tonight.
however, are Des Moines e. Fort Dodge 2l2s,
rose 4 to 5612c; Keokuk d Des Moines lists,
AZ to 1O6I2; Big Sandy 6s, 3 to 93l2, while
St. Paul Mineral Point 5s lost 2l2 at 1922.
Government bonds have been dull and
The Post says: Lone of the unfortunate
things about the present condition of the
stock market is the disposition on the part
OF the news mongers to stir 1T up
DyiI alS6 reports duu Tie Wllu6ot hluQ- VI OK
aggerations about such events as have any
connection with stocks. An instance of the
latter was in the reports of the Sistare failure
yesterday, which were exaggerated in some
of the city papers until their accounts of it
only elected laughs of ridicule from the best
Informed stock exchange men. The fnan-
cial weakness of the firm of George K. Sis
tare's Sons has been SO well known in the
stock exchange for some months that it is
absurd to think that they could have made
any sudden or unexpected discovery of loss
of S250,0 900. or even 500, 600, by defalca-
ton or otherwise. Their capital had been
TOO much reduced years ago, and by various
events and complications. some of them dat
ing back as far as the famous Hannibal q st.
Joe corner, to make it possible for them to
lose any large sums very recently, without
knowing it. There was unquestionably SYM
pathy on the part of every right-minded man
on the stock exchange for an old house CON-
PEELED to suspend, but 1t was no surprise to
the majority. 1t was a clear case Of ssdry
rot The worst part of the effects OF the ex-
aggerations which appeared in some Of the
papers is that outside Of New York the sem
sation grows in proportion to the distance it
travels, and makes people think something
very serious and more significant Of the gen.
eral condition of business has occurred. The
total sales of stocks were S3,247 shares. in
Guiding: Atchison, 4,025; Delaware, Lacka-
wanna & Western. $500; Oregon Transcon-
tinental, 2,700; Union Pacific, 300.