St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-30
FINANCIAL.
New York.

NEW YORK. June 2S.-Clearings to-
day, $127, 428, 800; balances, $10,059, 1877:
for the week, clearings, S673, 4S9, 029;
balances, S40,91S,757. Money on call easy,
ranging from to 4 per cent: last loan
8. closed offered at 3. Prime mercan-
tile paper 5@7. Sterling exchange quiet
and steady at S4.S4115 for SiXty-day bills,
and S4S711% for demand. Notwithstand-
ing the general expectation that the
bank statement to-day would be an I'M
favorable one, the bullish character OF
the news and late developments in the
railroad world stimulated some buying,
especially for foreign account this morn
ing. and deferred the professionals
from hammering the list. The opening,
therefore, was strong though dull, and,
except for a short time. the market pre-
sented firm appearance throughout.
The manipulation of Chicago Gas
by which it was dropped suddenly 2
per cent in early dealings was the cause
of the temporary interruption of the
upward movement, but the loss was
soon recovered, and on very moderate
business steady though slow advance
took place, leaving most of the list
at the close. The features of the day
comprised sharp advance of 81 per
cent in Pullman Palace Car stock and a
material gain in Pacific Mail for no APP
parent reason. The trusts were very
dull, and moved within narrow limits.
The rise in Pullman was caused by an
order to buy a few hundred shares
only. The final changes are generally
slight, but Pullman is up 9, Pacific
Mail ", and Canada Pacific N, the
last named OH sales of only 200 shares.
Railroad bonds were comparatively act
i've, with sales of S463, 900, and the final
changes show an unusual number of
important buys, though they are among
inactive bonds. Baltimore & Ohio Par
kersburg Is rose 2119 to 120, and Chicago
Gas lists 3T to 100. Government bonds
have been dull and steady. State bonds
have been neglected. Exports of specie
from the port of New York last week
amounted to 1854, 1928. of which $500, 4S2
was in gold, and $23,741 in silver. The
imports of specie for the week amount
ed to $34s, 161, of which S166,409 was in
gold, and $lS1,252 silver. The Post
says: While the net result of the week S
trading is lower prices for the majority
of stocks. the result in that direction is
so insignificant and the market has
SHOWu SUCH SGIcllRtu uHuCI fCly
unfavorable circumstances that il
affords ground now for the expecta-
ton of an important advance some time
next month. The disbursements of the
United States treasury after July will
be heavier this year than ever before.
and this together with the usual corpor-
ate interest and dividend disbursements
for the half year will certainly relieve
the money market here, and even if this
easier condition results in some further
exports of gold they will relieve the
London market and make London and
Berlin buyers of stocks. 1t was pretty
we'll settled by the trunk line presi
dents yesterday that there would be nc
serious trouble with rates, and alto
gether the railroad situation is suffi
GENTLY encouraging to warrant the ex
pectation of higher prices for stock:
after the national holiday. The tota
sales of stocks to-day were 65,475 shares
including: Atchison. 5,705; Hockinf
Valley, 1880; Lake Shore, 1910; Louis
vile & Nashville, I.7GO; Oregon Trans
continental, BIO; Pacific Mail, $3.50
Reading, 1880; st. Paul, 1900; Uniol
Pacific, 1890.