St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-29
FINANCIAL.
New York.

NEW York, Nov. 2s.-Clearings to-day,
$111.656, $50; balances. S.. 426, 3O7. Money
on call easy at 2@2la per cent; last
Prime mercantile paper. 4ls@els. Sterling
exchange dull and easier at 81. S4l2 for sixty
day bills and SASSY for demand. The
stock market was quiet to-day, and while
heavy for the general list made no marked
movements, except in the grangers, which
scored declines extending to 6 per cent,
though portion or the losses were recoy-
cred before the close. There was general
indisposition to operate among those inter
trading during the forenoon was de-
void of special feature, though the
grangers and Omahas in partic-
ular showed marked weakness There
was nothing in the news OF the day to make
many important changes In the market But
after noon there were plenty of runors put
afiOat with the evident object of depressing
the list. The special stock selected for this
attempt was Rock Island and it was asserted
that the management was not in favor Of the
new arrangement among the Western roads
and that it had refused to advance rates.
The dividend was afterward said to be in
danger of reduction and the rumors were
seconded by most vigorous attack upon
the stock which, on an unusually heavy
business tor 1t, dropped points dragging
all the grangers with it and to lesser extent
the rest of the list. The reports were de-
MED in toto by President Cable who hap
peneu u De III tOWn anu more favorable
reports. in regard to trunk line affairs met
with the response until toward the close
when the covering of shorts led to partial
rally IN the list. The Southern. Southwest
ern and Vanderbilt stocks were exceptionally
well held. but they were not able to make
Roadway against the general drift of prices
Notwithstanding the support received. The
market orened with fair degree of ANNA
ton, while first prices were irregular, but
generally higher, and after little hesitation
the market gathered strength and moved up
fractionally. Rock Island. however soon
displayed marked weakness and the other
business the entire list moved off,
all the early gains being wiped out
before noon. The afternoon saw stagnation
among the majority of the list but the
Changers continued active and declined
steadily, dragging the rest to the lowest
figures toward delivery hour. Later, how
ever, there was general improvement, but
the time was too short to recover the losses of
the day, and, while the market closed firm, it
was at fractional losses for the day. Rock
Island shows net loss of 4 per cent, but the
rest of the list lost fractional amounts only.
Railroads bonds were somewhat more active,
the sales of all issues aggregating 81 ,O63 900,
but the only activity noticeable was in the
Kansas Texas issues, the skies furnishing
Sl2s, 900 and the. fives $97,OoO to the
grand total The feature of the day
however, was the advance and sub
sequent decline in the Internationa
seconds, which, on the decision of Judge
Brewer rose from "a to 80, but settled back
to 75l2, net gain Of ll2c. The general
list showed little improvement and no fea-
ture, and the few important changes COM
prise advances In Denver and SouthPark