St. Paul daily globe., 1891-04-14
FINANCIAL.
New York.

NEW YORK. April 13.-Money on call easy
ranging from to 3l2 per cent: last loan 3:
closed offered at 3. Prime mercantile paper.
3Go'. SteTllng exchange quiet and barely
steaoy at 81 S54 for sixty-day bills, ,and ST. SSIa
for demand. The total sales of stocks today
were 213,329 shares. The stock market to-day
gave further evidence of its inherent
strength, and. advancing smartly on good
news. 1t was well held upon tad develop
ments. The bank statement of Saturday
was encouraging 10 the bulls, and renewed
encouragement was taken from the man
ner IN winch the market had resisted all at
Iempts To bring about a reaction, while the
failure of the prediction of the bears that the
minimum rate of discount of the Bank of
England would be raised this morning to
come true, and the advices tina; the gold en-
gaGed from London for shipment 10 Ger
many would not be taken. caused lively de-
mand IN the early trading for all sorts of
stocks, although those in which the short in
terest was largest, including ST. Paul, BUT
nngton and Chicago Gas, telt the movement
more than the rest. London was also
buyer in the early trading while the West
TOOK the grangers again, and many special
tles scored handsome gains, the Wabash
Delng very prominent The gold left
in London, however, was taken from
here. and the announcement of this fact
again, gave the reactionistsa chance to ham
mer the list and the temper of the dealings
-nnderwent a change, the bulls evidently
holding off for developments, while the bears
were inclined to press their advantage, and
the activity, such as it was. of the afternoon
was always accom- panied by declining
igurers. At 1 the early advances of note
were wiped out and the sluggish stocks
such as Northern Pacific and C. C. c. & st.
Louis, with some others, scored material
losses before the downward movement was
checked when dullness became the leading
feature OF the market. The bears, however,
continued to hammer the market through
out the session and the activity was not
what 1t had been in the early trading
until just before the close, wnen
the downward movement was greatest
The weakness was most apparent in North
ern Pacific preferred. Missouri Pacific and
the grangers, though the industrials and spe-
c1alues were not far behind, and not only
We're the morning gains lost but fractions in
addition. all along the line The close was
active and weak at the lowest points in
almost everything traded in. The final
changes are irregular, and in all cases for
fractional amounts, except in Northern Pa
clhc preferred, which is down 11s per cent,
though the losses are by far the more nu-
merous. Railroad bonds were, in general
unlnteresting to-day, but q few marked
movements enlivened the monotony, the
most important being the strength in
the Texas Pacific issues and Kan
sas Texas seconds, and the weak
ness in the South Carolina incomes The
Atchison incomes were active as usual, fur
nishlng Sl49,O0O to the total of 81, 431 900 for
the day, but failed to move materially, and
ike the great majority of the list is only
slightly changed this evening. South Caro-
lima incomes are per cent lower. Govern
ment bonds have been dull and easier State
bonds have been dull and without feature.