St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-22
j. j. WATSON, BRO. & HYNDMAN,
96 East Fourth Street,
REAL ESTATE AND MORT GAcE INVEST
MEKTS.
FIRE INSURANCE AGENCY.
FINANCIAL.
New York.

New YORK, Nov. 21-Clearings to-day,
$l09, SIS, 737; balances, S4,757, 545. Money
on call easy at 2@2la per cent Last loan
Dig, closed at 2(@2l2. Prime mercantile pa
firm at S4S4l2 for slXty-day bills and
Sd. S7s4 for demand. The stock market to-
day WGS little more active again, but it was
weak from opening to close with no reaction
whatever, though the decline was made at
intervals, alternated with periods of dull
ness and stagnation. There was absolutely
no news nor developments of any kind to
account for the weakness displayed, but the
bears were very aggressive and to their aids
nav be ascribed the material losses suffered
by the list although some liquidation was in
process in few stocks. This was especially
true OF New England, as the buyers on the
expectation of a contest for control are now
getting rid of their stock, the general inn
preston being that no change will be made
il the management. This was taken advan-
tage of by the bears, and some selling of
Louisville 4 Nashville, Lake Shore and one
or two other stocks by London aided in pro-
ducing a respondent feeling among the
bills Some little capital was made out OF
cial transaction such as was freq uent during
the early months of the year and rumor
that the bank of England would probably
again raise its rate of discount tomorrow
helped along the disqualification of the bulls,
as our sterling exchange rates are close
to the exporting point The entire list shared
in the declines, and, although the activity
was confined to q few leading shares, the
losses were very uniform, and among the low
priced shares there was no Improvement
Whatever. The weakness was apparent at
the opening of the market, and first prices
showed losses from last evenings figures eX-
tending to ~ per cent, but outside Of q half
dozen stocks there was NO animation or feat
lire and New England was the only stock
showing decided tendency in the down
ward direction. The activity increased as
the day wore along, and the weakness became
more pronounced, Louisville IL Nashville be-
ing the next stock to lead the decline. All
the active shares joined in the attempt, how
ever. and in the last hour more bust
ness was transacted than at any previous
time of the day, and the close was fairly act
i've and weak at the lowest prices of the day.
The entire list is lower this evening, and
New England lost 2Hc, Louisville Il Nash
vile &c, Missouri Pacific lssc, Atchison,
and Uuion Pacific 1lac each, Lake Shore
lSsc. I,ackawanna, Norfolk IL Western pre-
tered. Oregon Transcontinental and Read
ing ia per cent each, Canada Southern,
New York Central, st. Paul. San francisco
preferred and Wheeling y Lake Erie pre-,
ferred Iys per cent each, Colorado Coal and
Richmond l. West Point per cent each, and
and the others fractional amounts Rail
road bonds were quiet to dull through
out the day, but while the tone of
in the forenoon, the decline in shares had
the effect OF sagging off the list later, and
most of the issues traded in to any extent are
lower this evening, though the losses are
generally for small amounts. The sales OF
all issues aggregated 81, l15,O 600, OF which
Northwestern consuls lost 2 at 142l2, and
Denver and South Park last at 80. Gov
ernmcnt bonds were dull but strong. State
bonds were dull and steady. The total