St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-18
FINANCIAL.
New York.

New YORK. Jan. 17.-Bank clearings
To-Day. 81 IL, LIP, $50; balances, Sc, 4,99S.
Money on call easy, ranging from TO 5
per cent; last loan 3; closed offered at s.
Prime mercantile paper, 4A@7. Sterling
exchange dull and firm AT Sd. 81 for sixty-day
bills, and S4.S6 for demand. The stock
market again showed diminished volume
of business today, the sales in both depart
ments OF the exchange being materially
smaller than those for any day recently.
while the fluctuations, except in a few
special stocks: were entirely insignificant.
LackaWanna and Reading, the two most
in over a range of IS and y per
cent, respectively, which is a suffi-
clent commentary upon the character
OF the days market In general. there
was firm undertone displayed and for the
first time in weeks the bears were inactive in
the market, or Were covering shorts in q
small way. This was more conspicuous in
the coaIerS than anywhere else in the list
but there was also some buying for the long
account in those stocks. The features of the
trading were all in the low-priced specialties
though those in the loW-priced Vanderbilts
were the most important. Canada Southern
early attracted attention by its sharp and
sudden rise on q limited business. and later
in the day c., c., &. d st. Louis common per.
formed the same feat and although the pur-
chases could be traced to no source. the effect
upon the rest of the list was stimulating,
though without much practical effect There
ties in the early trading, because of the
great fire in that city. but in New England
and Union Pacific there was considerable
stock wanted at going figures and the selling
ceased. In the unlisted department there
was considerable pressure upon sugar in the
early dealings and q decline of per cent
cent was effected. but the general improve
ment brought that mp to it and it closed with
n fractional rise again tonight. Cotton oil,
however, was especially weak for no appar-
ent reason, and after drop of 1ls per cent,
ii recovered only 10. Wisconsin Central
helped by The report OF its earnings and the
strengthening OF its alliance with the North
crn Pacific made another sharp turn IN the
upward direction and scored material i'm
dull and steady, but generally at small
fractions above opening figures The final
changes arc almost invariably in the direc-
ton of higher prices, but only G. C. c. & st.
Louis. with h. and Wisconsin Central with
I3s. show more than fractional advances
Cotton Oil is down ] per cent Railroad
bonds displayed more activity and more
features today, with decided firm tone
throughout. The sales reached $780, co,
and Mobile & Ohio is contributed SILL
600; the Milwaukee, Lake Shore d Western
extension 5s, Sl6S, O0s. and the Illinois Cen
trail is of 1852, Sl13,OOu. The first two
bonds mentioned. with the Wisconsin Gen.
tral incomes, were the strong features of The
day, the last named working back 10 G7 from
"a III sympathy with the stock. Mobile d.
Ohio Is rose 2 to 81. Government
bonds have been dull and featureless
The total sales of stocks to-day were l47 ,O73
shares, including: Delaware, Lackawanna
d Western, ~. 300; Missouri Pacific g. 400:
Reading, 1890; ST. Paul, 3, 100; Union Pa
cifc, 1900.