St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-21
FINANCIAL.
New York.

NEW YORK, July l9.-Clearings, s105,-
595.S29; balances, $5,634, 1888. For the
week: Clearings, $3.50, S72, 573: balances,
S30.S94, 079. Money on call easy, with
no loans, closing at per cent.
Prime mercantile paper, 5@614. Ster-
ling exchange quiet, but steady at
81. S4115 for siXtyday bills,and S4.S81a for
demand. The stock market of to-day
was fitting tender for that of yester-
day, as only II, 220 shares marked the
dealings in listed stocks, and 21,099 of
unlisted stocks of which Sugar re-
finerics furnished 20,793. A market in
which Reading furnished only 100
shares. Northwestern nothing, Lacka
wanna only 300, and when the largest
sales in any one stock is only $3.50
shares, and that speciality, the trading
calls for little comment. The interest
of the day was centered in Sugar refin-
cries, silver certificates and Citizens
rise of yesterday upon the favorable de-
further advance of IL per cent to 77M,
but at that figure plenty of stock came
out, and it retired quickly to 7515, and
after some fluctuations of small frac-
tons finally closed at its lowest point.
Silver certificates advanced again, but
only reached 1095s. The general list
presented firm front, but failed to
move except slight fractions. Rock
Island and Louisville & Nash
vile were rather strong, but
theiI movements were devoid of
interest. The market finally closed
intensely dull which even the bank
statement with it's comparatively small
loss in surplus reserve failed to move,
at about the opening prices. The final
changes are in no case for more than
fraction. sugar being down 81. Rail-
road bonds were dull and steady, as
stocks and the business reached very
few issues in which there was nothing
of interest whatever. The dealings
reached only $362.000. Government
bonds have been dull and heavy. State
bonds have been entirely neglected.
Exports of specie from the port of New
York last week amounted to So, 40, ISL,
of which S2,32S, 1S1 was in gold and
$4,000 silver. The imports of specie
for the week amounted to S14O,S3s. of
which $9S,057 was in gold and $42,7S1
silver. The Post says: 1.-THE railroad
earnings are now shown for
May are the most favora-
bic for several years, and for
124 roads show general increase of the
net earnings OF nearly 16 per cent over
the same month last year. The features
of the situation and the prospect that
the Western railroad managers will
come to some kind of an agreement to
advance rates have sustained the mar
ket against the depressing effect of the
exports of gold and the more depressing
apprehensions of financial troubles in
London in consequence of the possible
decline in South American and other
foreign securities. The struggle to
maintain the credit of these and the
fear that the Bank of England would
advance its rate of discount have ere
ated rather strained position of affairs
there. not fully represented by market
rates for money. Its most visible mani
festation was pretty general cessation
of speculation and waiting attitude to
see what would be the result. London
has not sold many American stocks,
but there has been no buying from that
quarter. and the fact that prices have
been so well maintained under such
circumstances shows that the stocks are
in very serving hands. The total sales
| OF stocks to-day were 1929 shares, in
| Guiding Louisville 81 Nashville. 1.225 !;
st. Paul, 1900; Union Pacific, 1850.