St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-20
J. j. WATSON. BRO. 6 HYNDMAN
&c East Fourth Street.
ZEAL sS7h?E hhD N0R TGAGE INVEST
MEHTS.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

NEW YoEK. Jan. I3.-Bank eearings
To-Day. Sl2! ,3SS. M; balances, S6.8lG,275.
anccs, So, S56,34i. Money on call cosy: no
loans: closing offered at . per cent. Prime
mercantile paper, 5li6t7. Sterling exchange
duh. but steady 1T S;4.S2 Tor siXty-day bills,
and Fl. St for demand. Ine trusts supplied
ali the feature there was in the stock market
to-day, being again decidedly weak and scor-
ing material declines, while The stocks of the
regular list were generally ext. emely duh,
but firm for the greater portion of the time,
but showing Irregular and slight changes
from last nights prices atthe close. The open
ing was steady and tame. buJ the pressure
upon cotton was resumed Immediately, and
rumors were circulated that the companys
affairs were in bad shape and that insiders
had been endeavoring III the past few days
to market their holdings. The stock re-
sponded with drop to 2134, against 29l5
last evening. ana after a slight rally further
declined 10 27ti. closing at the lowest fig
urc. Sugar sagged off in sympathy, but as
fairly well held until the last half hour, when
il rapidly declined, also closing at its lowest.
There was undoubtedly realizing on the re-
cent rise. but there was heavy bear pressure
i'll the stoCk and, meeting with 10 support,
it yielded readily. In the regular list Rock
Island was most prominent for weakness, ana
being sold by Chicago interests, there were
numerous points upon II III circu-
lation. The coaIers were affected by runors
of rate cutting among the companies but the
belief that Il large interest was accommodating
IackaWanna WAS a supporting i lfiuenCe.
The covering of shorts continued III Union
Pacific. ana that was one of the strongest
stocks On the list. The bank statement which
was Issued comparatively early was favor
able factor in the late dealings and assisted
materially III making firm close. Sugar is
down Us ana Cotton OIL 2i5, but the other
hanges are for fractional amounts only,
hough declines are the most numerous
Railroad bonds were more active than usual
OF late, the sales of all issues being SS20.000
for the two hours. but while the Milwaukee,
Lake Shore and Western were again
the feature. they failed to make any material
advance OF reach a total OF Importance. The
market WAS strong within narrow limits.
Mobile " Ohio rose 10 j3. The sales of bonds
for the week aggregated only S7,232,t00,
against SO, I26,u0D for last week. The Post
says: Probably there are as MANY railrAad
properties that have batteriDg prospects MS
there were ten years ago, but the general
business public. who have in past years heen
accustomed 10 invest some of the profits OF
the years trade in railroad stocks for specu-
lation, find it more difficult 10 form an npin-
ion of the general railroad situation and pros
poets now. Ii is doubtful II the stock mar
kct Will ever move Up and down altogether
so generally as in past years. Some stocks
will go up and some so down with
emit systems and different sections
of the country, and it will lake the general
Specializing public some time. perhaps year
or two. To get into the methods of discrimi-
mating between the prospects Of different
properties instead Of relying on blooms
and speculative fevers for a profit. Govern
meut bonds have been ana are steady. State
bonds nave been neglected. The exports Of
specie from the port of New Yorl; last week
amounted 10 1886. 425, Of which 5 $500
was gold and S699.925 silver. All The gold
went To South America. The imports of
specie from The port of New York last week
amounted 10 S22u.59I Of which SlS5, 204
was gold and $50, $50 SILVER. I he total sales
Of stocks to-day were 1O97SS, including:
Canada Southern, 1000; Delaware, Laeka-
wanna & Western, II, 300; Missouri Pacific
3.7U": Reading, u 100; ST. Paul, $500;
Union Pacific, /, 40.