St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-25
FINANCIAL.
New York.

New YORK. April 24-Clearings, Sl26.-
545.056; balances, 1888, i'd. Money on
call easy, ranging from 3l2 to 5 per cent; last
loan 3l2, closing offered at j. Prime mer-
and steady at 81. IS "A for sixty-day bills, and
81. S7A for demand. The stock market
again to-day showed broadening tendency,
with decidedly strong tone. with the result
of advancing prices materially all over the
list. The news of the agreement in the Re-
publican caucus last night which will COM
bine the unobjectionable features of both
the senate and the house bills, started the
boom in stocks the values of which received
a temporary setback from the IN
suit Of the congressional delibera-
tons upon that subject. The bears bought
heavily to cover their shorts in the grangers,
| Missouri Pacific and other stocks, while the
bulls showed renewed courage and the buy
ing for the long account was more important
than on any day since the late rise began.
Together with this there was most marked
disposition shown by the foreigners to again
invest in our securities, and while London
ngures this morning were all materially
higher than last evening, cable orders 10 buy
at the market were received in all the Lon.
don favorites. In the market to-day the Coal
stocks were specially conspicuous. and Della
ware d Hudson led the upward movement.
making the largest net advance for the dav
Although squirt in Oregon Navigation
stock carried it up nearly per cent it could
later. The grangers come next and ST. Paul
ana Rock Island were most prominent, both
showing large gains at the close and the
transactions running up TO big figures. The
covering of shorts was more prominent in
this group than in any other part of the list
and gave those stocks their position in the
market. The Gould shares were moderately
active only, but all were strong AS usual.
the greatest advances were made in the in
active stocks, and beside the ones before
T ir,no
vile e. Terre Haute made especially sharp
upward movements In the unlisted depart
ment Sugar was again the feature, and the
bullish feeling in them continued while
the insiders bought literally. The only
marked exception to the general strength
shown was Chic ago gas, which was depressed
upon news of further litigation against the
trusts by the holder Of ten shares who
brought the previous suits, but the decline
went only short distance. The whole act
i've list participated in the improvement. and
the dealings reached a larger figure than on
any day during the recent rise, and the up
ward movement continued, with but slight
interruption until the last hour, when the
realization upon the profits accrued during
the day caused slight sagging off of prices
The reaction amounted to little however,
and the close was active and firm at or
near the best prices Of the day.
line of advances, and Delaware & Hudson is
up 27s; Oregon Navigati n, pa; Oregon
Short Line. 24s; Sugar, 2l2; Lackawanna
13s; c., B. & O., 1!2; Rock Island, lR; st.
Paul, IA; Missouri Pacific, 11s and Western
Union and Union Pacific 1 per cent each.
The stock of the new combination, the
Union Pacific, Denver & Gulf was traded in
on the board for the first to-day selling at
36ls036l2. in no department of the market
for securities was the stimulating effects of
the news upon the silver bill more apparent
than in railroad bonds, the transactions in
which went up to S3,000,00O. The strong
tone at the same time became more pro.
nounced, and the declines at the
Atchison issues, the Kansas d Texas
issues and the reading incomes were most
prominent in the dealings and the Atohison
incomes contributed S469.000, the lists
S 5000; the Rio Grande Western Ists
S133O0 and the Reading 1st incomes,
$4,000 to the grand totals. ST. Paul l. &
D. rs rose 2s4 to 1908; Evansville d Terre
Haute lists, 2k to l22I2; Cedar Falls lists,
to Y; San Francisco 5s, to 100; and Green
Bay incomes, 2 to %. Government bonds
have been Gull and steady. State bonds
have been dull and without feature. The
Post says: The advance in prices during the
forenoon was due principally to purchases
ment of the silver committee on a bill for an
increased monthly purchase of silver,
against which notes are to be issued
redeemable In bullion or in lawful
tary Of the treasury. The other factors in the
advance were the continued ease in money,
both here and abroad, the large earnings Of
the railroads, and the heavy volume Of bust.
ness in sight The bearish reports from the
West are entirely ignored and the temper of
speculation is decidedly bullish. While there
has been some improvements the coal trade,
the advance in the coal stocks was the result
of short coverings, together with some buy
ing for the long account, and it Is believed
that the short interest in these stocks has
been practically covered. The advance in the
price of the Flint & Pere Marquette
stocks was due to the large increase in earn.
ings. and the same causes are expected to ad-
vance the prices Of the Green Bay securities,
the road being an important link in the
Lackawanna Winona and Southwestern new
line. The total sales of stocks to-day were
| 341,520 shares. including: AtchisOn, 500;
| Delaware, Lackawanna and Western. 81, 315;
| Delaware and Hudson 40,040; Denver,
| Texas and Fort Worth, 1927; Hooking Val
ley, 400; Lake Shore, 5000; Louisville
and Nashville, S.272; Missouri Pacific, IL
300; Northwestern, 1000: Northern Pacific
| pfd, 1910; Oregon Transcontinental, TO-
| 1874: Reading, 13, 244; Richmond and West
| Point, 8,029; St. Paul, 80 800; Union Pacific,
| %, $50; Western Union, S27.
n an AIcNunNa- o~ar