St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-12
FINANCIAL.
New York

New YORK Sept. II-Clearings. sI22,-
954. 345: balances. S6, 645, 3ti6. Money on
cali easy al liaI2 per cent Prime mercan-
tile paper, 5I6I2. Sterling exchange quiet but
steady at ST. 4s4 for siXiy-Gay bills and 81 50
for demand. The Stock market today was
not only more active, but higher throughout
On both coverings of shorts and renewed
buying for the long account, which came
from the foreigners as well as domestic
sources. The laid of last evening was not
continued this morning, bat instead there
seemed an unusual anxiety 10 cover shorts
in the early trading. and this gave the mar
ket at times a buoyant tone When this
movement Was satisfied there came
a more urgent demand from new
buyers. aud the upward movement in
prices was not suffered TO lag tOf long a 4
time. The feeling on ST Paul seemed TO
have undergone a change for the better. and
there was heard nothing Of passing the
dividend, nor were there any seller sixty
options put out: but instead reports that the
dividend would be Il or y per cent were
freely circulated. ana Mr. Armour was even
said TO be prepared 10 furnish the money for
the regular 2la per cent diVident. The news
of the day was almost entirely buliish and
very favorable reports Of the business done
by the trunk lines found publication. This
was accompanied by very decIued move
menl in the Nanderbilis. and Lake Shore in
particular, became prominent for both
activity ard strength some rcund
amounts OF the stock changing
hands. The Gould stocks were largely traded
III. and were helped by the statement issued
of the business of the Manhattan, though
when the dividend was found 10 be un-
changed, there was some DISAPPOINTMENT
and the stocks sold off somewhat from the
best prices. There was more attention paid
TO several specialtieS than usual of late. and
many OF them made marked advances
among which Pullman, Hooking Valley
Tennessee Coal and Memphis q Charleston
were most conspicuous. London had some
selling orders in the market at the opening
but they had no effect upon the list and
that Interest became a buyer laicr in
the day. Toward the afternoon there
were free realizatiOnS, which sagged
The list off from the best prices
but the movement was OF comparatively
short duration and the tone of the market
again became strong in the final trading.
FIRST prices were from Is to Ss per cent above
last evenings figures. and without hesitation
the market moved up rapidly on a large
business until noon, when prices we've from
l. 10 IL per cent above those of the opening
Pullman. however, rose 3 per cent. Tho
best prices were reached about D. m. after
which everything Teceded from the highest
fiures. when the market became dull. The
last hour however. SAW renewal of the
buying and on a largely increased trading
prices again moved up and the close was
fairly active and strong al small fractions
under the best prices. The active
list without exception j higher
his evening. and Pullman rose - per
cent, Hooking sValley is, New Eng
land 5s Lake ShoIe1li2. ST. Paul and chi
cago, ST Louis d Pitlsburg preferred liz per
cent each. Canada Southern ! per cent and
others fractional amounts. The railroad
bond market was more active today wllh a
more evenly distributed business, although
Fort Worth Il Denver frsts contributed
S2l3,00O, Reading first preferred incomes
S2Il 900 and the Western preferred skies
$4,000 ont of the total days business of
81 So. 600. The tone OF the dealings was
decidedly strong, ard the inquiry for good
high class bonds was better Than has been
seen for some time. The final changes are
almost invariably in The direction Of higher
figures, and Indiana, Bloomington * West
ern Eastern division certificates rose 10 81
Government bonds dull and without feature.
The total sales of stocks today were 274-
S2j shares, including:
Del. Lac. IL W u, 900 North n p pfd. IN, GA
Erie ............l .6S0iOregon Trans. 10, 27S
Hook. Valley. $40 Reading .29. 800
Lake Shore o.. 29.325 ~. Paul so, l 10
Northwestern. 4.56l Texas Pacific $500
y J. Central $500 Union Pacific 4.7S5
Nor. Il ". pfd. 4.4o5 Western Union Ia. $50
y. Pacific 800. 4,30J.