St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-17
FINANCIAL.
New York.

NEW York, Jan. l6.-Clearings to-day.
Sl3T, 553, 629; balances, s6,663, IL. Money
on call easy, ranging from 10 5 per cent;
last loan 3; closed offered at 3 Prime mer-
camille paper, Shay. Sterling exchange
quiet ana steady at S4S2 for si1ty-day bills
and 81. IS for demand. The STOCK market
to-day was even less active than for the past
few days, owing 10 the stoppage of the tick
ers of the Commercial Telegraph company,
which seriously interteTed with the business
of many brokers, and partly to the apathy of
the traders, who are again the principal
makers OF quotations. The feeling Of the
opening was bullish among the traders but
the pressure upon Union Pacific from the
bears was extended to other stocks, and the
traders turned over TO the other side for a
turn, and general decline was the couse-
quence, though the fluctuations were ex-
tremely narrow and possessed little signifi-
canoe outside of the few leading shares.
Sugar re1ineTies were run up about 2
per cent on covering of shorts, though
firms which had the appearance
of long buying, and these were helped out by
purchases on the long side by the traders
who, Disguised with the slowness of the rail
road list, turned once more to the trusts as
likely 10 afford an opportunity to get profit.
There was some selling by those who thought
that the stock had already had its rise
and the Improvement would not be held,
though ii closed with q fractional advance
The bears again attacked Union Pacific, OIL
the opinion of Chairman Walker. though the
decline was accelerated by reports from
Washington that had Withdrawn some land
grants. Wisconsin Central was again mater.
tally lower III the continued liquidation, and
Jersey Central later in the day dropped from
123 TO 1903, but recovered portion of the
loss. The coal stocks were remarkably strong
again, and Reading was aided by the report
that the mayor of Philadelphia had signed
the terminal bill, while Lackawanna was
bought largely by influential parties which
had the appearance OF investment buying.
Lead trust followed sugar, bnt, fiuc;uated
within very narrow limits, and its final
Of the day which has any effect
upon the market was almost all from Chi
cago. and WAS principally of an unfavorable
nature, but the influence of these adyices
were fairly offset by the large disbursements
by the treasury, whose effects were seen in
the increasing ease OF money and the re-
moVal of all fears of Il squeeze in rates. The
stockholders of the Cincinnati Hamilton &;
| Dayton are making more trouble for that
road. They charge that large assets have
! passed from the possession of the road into
he hands of few directors. The company
| declared yesterday dividend of l a per cent
| Notwithstanding an increase of 5 5000 in
| the floating debt and the millions of liabili-
| ties involved in the litigation over the Ives
| management. The market closed dull but
| generally AT the lowest prices. The activity
| in the trusts made considerable animation in
! the market, however. and the sales in the I'M
| listed reached 55.2 - shares, of which sugar
| contributed IS. S35 Railroad bonds were
again quite duh. the sales reaching ONLY
| $l,0Ss. 900, and while there were a number
| of issues traded in the active bonds failed
| TO show any movement except Wisconsin
| Central incomes, which reacted again, drop
| ping from 81 to 81 The Reading issues were
stronger however, and the 3ds moved from
| 40I2 TO AZ. The Post says: In Union Pacific
| there has been considerable short selling.
partly owing 10 the report of Chairman
| Walker Oh the Union Pacific Northwestern
| alliance US being technically in violation OF
| the agreements Of the Interstate association
| agreement The most conservative opinion
| however, is that the Union Pacific North
| western alliance has more vitality than the
| Interstate association. and that the latter, il
| il continues 10 exist. will modify some of its
| rulings SO as TO avoid any collision with the
| UnionPacific-N Northwestern agreement. Gov
| eminent bonds have been dull and barely
| steady. Stale bonds have been dull and
| steady. The total sales of stocks to-day were
| 221. S3? shares, including: Atchison, ZOO
| Canada Southern, 3.01S: Delaware, Lacka
wanna & Western, 81. 264; Missouri Pacific
| 6,250; Northwestern, 1855; Reading, 80,
100; ST. Paul, 10530; Union Pacific, 2O:3sO
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| Chicago.
| CHICAGO, Jan J6-C leariugs &1I 630 GOO