St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-25

issue of the bank statement. however,
showed gain to the surplus reserve of
over 100000 and, as Indicated by the
growing ease of money yesterday, the
banks are in a stronger position than
for some weeks. This caused lively
covering of shorts, and in the
last half hour of business prices
advanced sharply, especially in
a few of the leading shares,
which have been sold short too largely
of late. The opening was rather heavy
under the sales of the professional ele
ment, but the regular list Immediately
developed firm tone, Notwithstanding
the fact that there was great excitement
in the Sugar retinerieS and a sharp and
material decline in its price from 9O15s
last evening to 81. The stock was very
feverish throughout. but participated
in the later revival and recovered al
most all of the loss. Distillers' trust,
however, was marked exception,
being advanced on the reported abSorp-
ton of opposition concerns, and prom
ised increase in the rate of dividends.
In the regular list the only stocks
showing any important movement was
st. Paul, which steadily appreciated
even when the rest of the list were
sagging. A few specialtieS showed
wide fluctuations, but the rest of the
list were traded in over narrow range.
The close was active and strong at
about the best prices of the day. Most
stocks show slight gains for the day,
but Distillers' trust is up 81 and st.
Paul ~. while Sugar is down ~. Rail
road bonds were quiet and displayed a
heavy tone throughout the session, with
the result Of leaving most of the list
only slightly changed from last
evening, while the few important
changes were about equally di-
vided. The sales reached $651,0 900, the
business being unusually evenly dis
tributed. Among those which are higher
are Richmond & West Point trust IS,
II. at 500. The sales of bonds for the
week aggregated 1,S75,000. Govern
ment bonds have been dull and steady.
State bonds have been dull and feature
less. Exports of specie from the port
of New York last week amounted to
sS4, 545, of which S51, 900 was in gold and
S33, 545 silver. The imports of specie
for the week amounted to $216,S5S, of
which 1867 was in gold and S2l6,201
silver. The Post says: The market
was feverish and unsettled during the
week, and the net result OF all
changes was to leave the majority
of stocks from a to per cent
lower than a week ago. The bank state
ment was more favorable than eX-
pected, and prices advanced in conse-
quence. The announcement that the
Atchison had acquired the San Francis
co and full possession of the Atlantic &
Pacific, was reflected in higher prices
for the San Francisco stocks, while
Atchison was only firm. The coal stocks
were lower, Reading, LackawanDa and
Delaware & Hudson having been down
1(02 per cent for the week. The gran
gers and SouthwesternS were only frac-
tionally lower, but the miscellaneous
stocks generally were higher. Railroad
earnings continue heavy. notwithstand-
ing the war in rates among the Western
roads. and there is reason to believe
that the reports from the West are con-
siderably exaggerated. The money
market, while firm, has been well sup
piled with funds. and the general tenn
per of speculationis bulliSh.