St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-03-09

nearly per cent. The regular list soon
followed, and the early gains were in
almost every case wiped out. The final
losses, however, are Insignificant.
Reading was the most prominent stock
again, and its rise In the early trading
nearly reached per cent, and it never
again got as low as the opening, and is
one of the few stocks showing final
gain. The market steadily yielded after
the first squirt, and finally closed quiet
and heavy generally at close to the low
est prices reached. The one strong
point In the market was chesapeake q
while Sugar and Tennessee Coal de-
clined II. Railroad bonds were active,
the sales for the two hours aggTegating
S722.000,o of which the Reading is figured
for 1920. 900. There was stronger tone
to the market than usual OF late, and al
most all the important changes in quo
tatiOnS were in the upward direction.
The Reading issues, however, failed to
advance. Among the gains were
Minneapolis Il st. Louis Iowa rs, to
80; New York Central debentures, 2 to
liz, and Green Bay incomes, 81 to 25.
The sales of bonds for the week were
S7.61S,000 against 81, 265. 900 for last week.
Government bonds duh and steady.
State bonds neglected. The exports Of
specie from New York last week
amounted to 1886. 1879, of which s2l9,930
was in gold and s646.l99 silver. The
imports of specie for the week amounted
to S473,426. The Post says: The large
decrease of S7.S13,0O0 in the deposits,
concurrent with decrease OF s., 100000
in the loans, indicates that process of
liquidation OF indebtedness to the banks
hnS h2nn in lnnnsjts have
been reduced in order to pay Off loans.
and also by the INSCRIPTIONS of the treas
ury and the movements Of currency
TO the interior. These two latter
items are estimated to have reduced the
deposits about S4.000.000 in the last
week, and this, together with the
liquidation OF loans, about makes the
total reduction of deposits. These
changes do not indicate anything as the
result of operations in the stock market;
on the contrary, they seem to be strictly
and solely the effect Of legitimate mer-
camille operations. 1t will, however, be
seen that the treasury absorption, esti-
mated at over g., 900, cuts 50 larLe
figure that it governs the monetary
situation and requires the constant pur-
chase Of bonds to merely counterfeit its
effects. But if, as reported, the secre-
tary or the treasury should call III ABOUT
S5.000,OO0 of the United States de-
posts in the national banks, this
would again neutralize the effect
of the bond purchases, and we should
again have tight money market unless
it could be relieved by E iropean CAPT
tai. The above was about the general
impression made by the bank statement,
and its effect on the stock market was
that in the last twenty inmates of bust
ness the early advances were lost OF
nearly all stocks. Reading being the
firmest. The total sales of stocks to-
day were 145,705 shares, including
Atchison. 1.725; Delaware, Lacka-
wanna u Western, 1912; Louisville IL
Nashville. 4,57l: Missouri Pacific, $3.50;
Northwestern, 3.l00; Oregon Tran>cOn-
tinental, 3,SS5; Reading, 81, 415; st. Paul,
$500: Union Pacific. 6.2IO.