St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-16
FINANCIAL.
New York.

New YORK, March 15.-Clearings
to-day. $3.50, 206, 925; balances, So, 43S, 2SS;
for the week, S711,6S6.5l6; balances,
SCI. 800, OPS. Money on call easy. with
no loans, closing at per cent. Prime
mercantile paper, 5%0f15. Sterling eX-
change quiet and steady at S4.Sl$4 for
slXty-day bills and $500 for demand.
The stock market to-day. while quiet
and even duh for the great majority OF
the usually active stocks, showed
marked strength in spots, the Wander
bits attracting special attention on
ace unit of the steady buying by
clined 10 be bUlliSh in expectation Of
a favorable bank statement, and
while the opening in continuation of
the weakness of last evening was gen
eral at lower prices, the hopeful feeling
in the street soon made itself felt, and
under the stimulus of buying of the
Vanderbilts and Gould stocks developed
marked strength in almost all portions
of the list. Only one of the Wander
bits, Michigan Central, however, scored
an important gain for the day. Man
haitian continued to advance, and sold
up to 1094, the highest point reached
so far this year. Reading was again
very active and shared w tn Lake Shore
the leadership of the market in point of
activity. while it rose steadily to the
close. finishing at the highest price of
the day. As expected, the bank
statement showed a gain in the sur
plus reserve, though the amount was
scarcely equal to the anticipation. After
the statement was issued the market
stronger again on the report that a
formal apnIioatinn had hnpn rnaHn Inv
the trust for permission to pay the divi-
dend. Tennessee Coal lost per cent.
but regained the loss and dropped at
the close. The final changes are some
what irregular. but changes are in the
the direction of higher prices, while the
only marked changes of the day are adj
vances OF per cent in Manhattan and
IL in Michigan Central. Railroad bonds
we're rather quiet. but the trading
amounted to $3.50. 900. with the Reading
bonds and Atlantic 81 Pacific incomes
leading. The first named was
the feature of the day. developing
marked strength and all showing
material gains at the close. The gen.
eral list was without special feature as
usual, and while strong undertone
was shown, no mark movements took
place. The Reading 3ls rose 2 to 40,
WlIllt tDt. LOulS, AIhUiISuS ~ lCAdSs
first coupon Off, lost 2Q0S6. Govern
ment bonds have been dull and steady.
State bonds have been neglected. The
exports of specie from the port of New
York last week amounted to 1887, 400.
OF which S125,300 was gold. and 1852, 100
silver. The imports of specie for the
week amounted to S232,9l2 of which
1901, 6l0 was in gold. and S25,3 02 silver.
The Post says: The encouraging re-
port of the New York Central earnings
for the first quarter of the year was
accepted as indicative of the business
of all the trunk lines to the Atlantic
seab0ard, and had an apparent effect in
the increased trading in, and higher
prices for all the Vanderbilt stocks.
The advance of the week was, there
fore, well maintained, and leaves Read
ing, New York Central, Michigan Cen
trail, Lake Shore, c.. c., G. q st. Louis,
st. Paul, Rock Island. Burlington and
Manhattan all from IL to 215 points
higher than week ago. and from to 8
points higher than their lowest prices
for this year, made from Feb. 81 to 81.
The general expectation was that the
bank statement would be decided i'm
provement over last week. When 1t
was announced it showed an in
crease of sS39,450 in the surplus
reserve, concurrent with an in
crease of S76l.400 in the legal
tenders and specie, and a decrease Of
Sl.5is, 900 in the loans. without much
change in the other items. This was
quite as favorable statement as could
reasonably be expected. considering that
the collections of customs and revenue
by the New York subtreasury were
S., 34S, 900 for the week. and the total col
lections at all the United States treas
uries for the same period were $685.,
2l2, as reported from Washington. The
bond purchases, to the extent Of 1924
050 for the week, have therefore only
about Offset the treasury collections at
New York alone. The total sales. of
stocks to-day were l03,97S shares, in
Guiding: Erie, 2.700; Lake Shore, 12.-
zoo; Louisville u Nashville, $500;