St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-07-01
FINANCIAL
New York.

New York, June 30.-Clearings,
S75. S26, O9S; balances, S5,615.427. Money
on call close, ranging from 81 to Sper
cent, closed offered at 81; prime mer-
camille paper, 5G07; sterling exchange
quiet and weaker at S4.S4 for sixty day
bills and s4.S71s for demand. Every
body expects this week, owing to the
fact that it is broken by the holidays.
and that the preparations for the dis
bursementS will keep money scarce, will
be dull and uninteresting one,
and to-day did much to verify the
expectation. Although there is a
general feeling that there will be ma
terial improvement in both prices and
business after the holidays, there is
no disposition as yet to buy on the favor
able prospects, and the tightness with
which stocks are held offers no induce
attempt to break prices in the mean
time. To-day'S market, therefore, pre-
sented the usual firm front when left to
itself, and showed very few features
worthy of note. The improved outlook
for the coal stocks infused little life
into the coal stocks, and the aspect of
affairs i'm the Southwest made AtchiSon
a leader in point of activity, though its
movements were confined to the small
est limits. The advancing tendency eX-
tended to all portions of the list,
Notwithstanding the fact that money
was loaning at high rates, and the eff
forts of the bears to create money
scare OH the temporary scarcity over
the first of the month. The trusts were
dull with the regular list, although
Sugar, as usual, led in amount of trans
actions, and in the width of its fluctua-
lions. The latter, however, was COM
paratively small, its extreme range
being about ~ per cent. The only
specially sharp movement was in Man
haitian, which moved up from 1887 to
1111l, and Pullman, which, after selling
up to 2l95S, fell off to 2lS. In the last
hour, however, money eased off again.
been sluggish all day, became more
pronounced, and the sugar refneries,
New England and some others, made
more material gains, and prices all
around were brought up so that the final
figures generally show material i'm
proyement over those of Saturday. The
close was dull, but strong, at the high
est prices of the day. Among the nota-
BILE advances scored were New England,
~; Chicago Gas and Canadian Pacific,
IL each: Ontario & Western, IL. and
Big Four, Lackawanna, Louisville &
Nashville and st. Paul. l per cent, and
Sugar refneries. 2ls per cent. Rail-
road bonds were dull and firm. as usual,
and the trading possessed little or no
character. and no feature of interest
marked the trading. The sales of all
issues reached sS62,O0O, but there was
no sannimatiOn anywhere in the list,
while the business done was rather
widely distributed. Knoxville & Ohio
lists rose to 103. Government bonds
have been dull and steady. State bonds
have been dull and teatureless. The
Post says: "This forenoon it was re-
ported by cable from London that the
National Bank of Buenos Ayres had
failed. At first this had rather an
known that large amounts of gold have
been sent in the last six months from
London to both Brazil and Buenos
Ayres to help sustain the bank there,
and that this was done with the view to
sustain the credit of the various Brazil
ian and Argentine national securities
which have been so largely marketed in
Europe. ANY such failure as that of
the chief bank of the republic would of
course affect the credit of the national
securities and be cause for some mon
etary disturbance in Europe. But later
the report was denied. and the only
thing confirmed was that the national
bank of Buenos Ayres had suspended
dividends. The foreign markets, how
ever, were entirely undisturbed by this
news; and, on the contrary, London
continued buy er of Am rican railroad
stocks. The total sales of stocks to-day
were 1877, 444 shares, including: Atchi-
son, 1857; Delaware, Lackawana &