St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-11
FINANCIAL.
New York.

NEW YORK, Jan. 17.-Clearings, S12I, 972,-
625; balances, 81, 497, $50. Money easy at 4
to per cent; last loan 4; closed offered at
4. Prime mercantile paper 6l20S. Sterling
exchange quiet, but steady at 81. s2Is for
siXty-day bill, and 81. S6l2 for demand. In
the stock market to-day. especially during
the forenoon. the entire interest in the specu-
lation was monOpOliZed by sugar refineries
and Reading stocks, the remainder even of
the coal stocks being dull and uninteresting
with extremely narrow fluctuations. Later
in the day the trading III the two leaders
Stacked off. and many of the specialties were
taken in hand and material advances were
established in much larger business
which extended to the general
list. The opening Of sugar was made
at concession from the last
nights price of rs per cent on the an
nouncement that an injunction had been OBJ
tanned against the payment of any more div
ldendS or the conveyance of any of its prop
erty to any other corporation, aud the lowest
price ever reached was touched. The treas
urer of the trust soon came out with a stale
ment mat the late assertion in regard to the
comparative output of the trust refineries
and the independent ones was erroneous,
that there were no funds at present in the
hands of the trustees and that there was no
intention of conveying any property, while
the injunction was only temporary. The
traders thereupon proceeded to cover their
shorts upon the ground that all the bad news
was out and in the afternoon, when the
market assumed more healthy appearance
1t rallied 2l2 per cent. drive was made at
Reading in the early dealings, but its price
was forced off fraction only, and some of
the large foreign houses appeared with buy
ing orders, which gradually lifted its price
above 81. The demand resulted in more ac-
tvity for the stock, though there was plenty
failed to have any appreciate effect upon it,
however Among the specialties Chicago
Gas, Texas Land Trust, Toledo. Ann Arbor &
North Michigan, Wheeling & Lake Erie pre-
ferred, and, at times, Wisconsin Central and
Colorado Coal were prominent for strength,
as was also Consolidated Gas on the rumor
that large block of the stock had been taken
off the street by an investment in
terest: In the unlisted department.
Illinois Goa and Coke continued its steady
advance upon moderate business The
general list, after opening off fractionally
generally recovered these losses in the after
noon, and the close was quiet but firm at
fractions better than the opening figures.
Money was easy, but showed a stiffening
tendency and less business was done under
the legal rate. The list to night is generally
higher, and Delaware & Hudson, which be-
came prominent iii the last hours, rose 2Is,
Texas land trust lis, Wheeling & Lake
Erie preferred, 15s, Chicago Gas 131 and
Toledo, Ann Arbor & North Michigan and
Sugar refineries each per cent. Railroad
bonds were less active, with q generally
bonds there was considerable irregularity,
the Reading and Kansas q Texas
issues being specially weak, while others
showed marked improvement in many cases.
The business done reached Sl,595,6 Q, of
which Reading frsts contributed S275, O1U,
the seconds $4,000. and the Wisconsin
Central incomes $l0S,00O. New Jersey Mid
land firsts rose to 115; Reading trsts lost
LA at 10 the seconds 2 at 1919 and Ohio
Southern incomes at 81. Government
bonds have been dull and steady State
bonds have been dull but firm The total
sales or stocks to-day were 226, 90l shares
including: Delaware, Lackawanna & West
ern, 1920; Missouri Pacific, $500: Oregon
Transcontinental, 1922; Reading, 5000;
St Paul & 40