St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-08
FINANCIAL.
New York.

NEW YORK, May 7.-Clearings. S149,-
921, S72; balances, S5,55S.7l1. Money on
cali easy, ranging from 3 to per cent:
last loan, 3, closed offered at 8. Prime
mercantile paper scr. Sterling eX-
change quiet and steady at s4.S4A for
sixty-day bills, and S4.S64 for demand.
The stock market was less active to-day
i'll the regular list, but the trusts
showed increased animation, and the
total transactions in them exceeded
those of any day this week. The mar
ket was not positively strong at any
time of the day, but rallied promptly
from an early depression, though the
tnal changes arc generallyin the direc-
ton of low figures. The London mar
ket was lower this morning, Oh the eff
feet of the story cabled from this
side last evening, that discussion
of the silver bill had been postponed for
three weeks, and the cables this MORN
ing brought liberal complement of
selling orders. though the latter are
open to the suspicion Of having their
origin on this side of the water. The
traders who have been looking for re-
action of some magnitude from day to
day added their mite to The selling Or
ders in the hope of catching stop orders,
MANY Of which were known to be in the
market, and the device met with some
success in some directions. The early
pressure was specially severe, as might
be expected, in the London favorites
and the stocks of the warning Western
roads, no one seeming disposed to support
the latter. The concessions, however,
amounted to fractions only after the
opening declines, which ranged up to %
per cent. The offerings were met by a
zlr,,, IA E,rr ICci
which soon had the effect Of rallying
the general list, and Chicago Gas, Ore
gon Transcontinental and the trusts
became specially conspicuous for their
respective pressure brought to bear.
Later in tile day the market became
quite dull, bnt in the afternoon buying
was resumed in few stocks which i'm
parted a strong tone to the rest of the
list, and Sugar in the hour Spurted up
over 2 per cent, followed by Wheeling
d Lake Erie common, which reached
the highest figure for week past, and
Kansas 81 Texas new preferred stock.
Northern Pacific was also prominent
for both activity aud strength in the
afternoon, but Union Pacific was spe-
cially weak, and is the only stock
showing a material decline for the day:
the theory being that prominent
house OH the street has closed out
large line in it. The last rally did not
continue until the close, however, and
at the end Of the day a heavy tone pre-
vailed, with prices as o rule only
slightly changed from those of last
evening, but lower in most all of the act
i've shares. Sugar retneries, Atchison.
Chicago Gas. Union Pacific and st. Paul
were the active stocks. Sugar shows a
gain of 2114 per cent tonight, but Union
Pacific is down u, and these are the
only stocks showing any material
change for the day. The railroad bond
market was again moderately active
to-day, the trade being S2,162000. with
Atchison incomes. Texas Pacific in
comes and the st. Louis, Arkansas
q Texas bonds the active feat
ures. There was firm tone
to the dealings throughout the day, but
in sympathy with the share list some
issues developed dropping tendency
and a few losses resulted. Among
| those which are higher tonight are
| Burlington, Cedar Rapids 81 Northern
! lists, . to 1902; Burlington & Northern
; IS, 215 to los: Northwestern Extension
As, 2A to 100; East Tennessee extended
! IS, 215 to 9216. State bonds have been
neglected. The Post says: 1.-THE lower
| prices for stocks in London this morn
| ing and the consequent lower prices
| here were attributed in the street to
| cables from here last night saying the
silver bill in congress was killed. But a
temporary reaction in The stock markei
| was due ANYHOW. and would probably