St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-07
FINANCIAL.
New York.

NEW YORK, May 6.-Clearings. S175,-
1850, 494: balances, 1875, 467. Money ON
call easy, ranging from to 10 per cent;
last loan 6 closed offered at 4. Prime
mercantile paper 5@7. Sterling ex-
change quiet but steady, at $4.84I for
sixty-day bills and s4.S6Z for demand.
The stock speculation halted a little
again to-day, and the result of the days
operations in most OF the list is lnslg-
nificant changes of small fractions only,
though they are generally i'll the dl-
rection of lower figures. There was
marked improvement in the aspect of
the Western railroad affairs Indicated
by the dispatches and no seeming
diminution in the bullish feeling, which
has been so pronounced upon the street
for the past two weeks, but
money worked little closer and
at one time was run up to 10 per cent
on call, though it was offered at 4 per
cent at the close, after everyone had
been supplied. The reallZatlOnS, how
ever, again assumed large proportions,
and with slight falling off in the de-
mand for stocks, the pressure to sell
was sufficient to cause sagging Off OF
prices for the time being. London came
higher and stronger this morning, and
there was the usual complement of buy
ing orders from the outside, though
some selling orders in Ontario q West
ern were noticed. The WeSterners took
the grangers freely on the improved
condition of things in that region, and
several of the newly-formed pools were
actively at work in their favorites,
which were the only stocks SHOW
ing any decided strength dur
ing the day. Chicago Gas was
again the most conspicuous of these,
and it scored gain of per cent on
large dealings for the stock. Oregon
TranscOntinental was very active and
strong again, and is slowly approaching
the book value OF so, which II is calcu-
lated it is worth. AtchiSon was taken
for the sceOunt of the same parties who
were prominent in the stock yesterday.
and the other grangers, while not so
active, as usual of late, were we'll held.
The traders set in to discount the return
OF Mr.. Willard, and made Northern Pa
cifie common one of the leading features
of the afternoon, both in point OF actlv-
ity and strength. The trusts were
again active, but only Cotton Oil
displayed any marked strength,
while among the specialties Rio
Grande Western preferred and La
clede Gas were prominent for the
advances made. The dealings extended
to large number of stocks, though
there was less trading in the low-priced
issues. The buoyant feeling OF yester-
day was apparent at the opening. but
the realizations on a large volume of
business sagged prices off in the first
hour, and the losses had extended to
nearly@1 per cent before the pressure
Stacked away. After that time the mar
ket was more quiet, but no recovery of
note was m AIDE except in the few stocks
which have the advantage of special
circumstances, and among these Chi
cagO Gas was most prominent, leaving
off with net gain Of 277s, followed by
Rio Grande Western preferred with
2 per cent, Cotton Oil receipts
with 15s, Atchison and Chesa-
peake IL Ohio first preferred with rs
each, and Oregon Transcontinental
with per cent. The market was held
fairly steady during all the afternoon.
but remained rather feverish, and closed
unsettled, with the majority of the list
at slight fractions below last nights
figures. Railroad bonds were again
fairly active, the sales amounting to
5000, 600. with Texas Pacific 2ds. At
Gibson AS and incomes, and Wabash
lists the leading active features. The
market was inclined to follow the share
list in the early trading. and displayed