St. Paul daily globe., 1890-03-17
FINANCIAL.
New York.

New YORK, March 15.-ClearingS
to-day. S139, 2O6, ,925: balances, $6,43S, ,2SS;
for the week, S711,686,516; balances,
S31. 300, OPS. Money on call easy, with
no loans, closing at per cent. Prime
mercantile paper, 515@71a. Sterling ex-
change quiet and steady at S4.S1M for
slxty-day bills and s4.S4M for demand.
The stock market to-day, while quiet
and even dull for the great majority of
the usually active stocks, showed
marked strength in spots. the Wander
account of the steady buying by
the insiders. The room was in
clined TO be bullish in expectation of
a favorable bank statement, and
while the opening in continuation of
the weakness of last evening was gem
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 109L, the highest point reached
so far this year. Reading was again
very active. and shared with 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 gain in the sur
plus reserve, though the amount was
scarcely equal to the: anticipation. After
the statement was issued the market
halted, but held it's own. Sugar was
stronger again on the report that
formal application had been made by
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
Ia in Michigan Central. Railroad bonds
were rather quiet. but the trading
amounted to s6S0.000, with the Reading
bonds and Atlantic & 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
place. The Reading 3ds rose 2 to 40,
while st. Louis, Arkansas d Texas,
first coupon off, lost 2@S6. 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, 7,460,
of which S125,300 was gold, and 1852, 160
silver The imports of specie for the
week amounted to 1922, ,912, of which
1907, ,610 was in gold, and s25,302 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
seaboafd, 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, G., 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
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 a decided i'm
provement over last week. When 1t
was announced it showed an in
crease of $3.50, in the surplus
reserve, concurrent with an in
crease of S76l.4OO in the legal
tenders and specie, and decrease of
S1.54S, 900 i'm 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., ,343, 900 for the week. and the total col