St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-10
BANK OF MINNESOTA,
Paid Up Capital 100000;
Surplus 500, 600.
VIM. Dawson. Pres. Robt. A. Smith, V.
Pres. VIM. Dawson. j.. Cashier.
FINANCIAL.
New York.

New YORK Oct. 9.-CIearings, 1852, 474,-
564; balances. S6.664,946 Money on call
easy at 2Q.3 per cent; last loan 2; closed
offered at =. Prime mercantile paper, 4s4@
4Ia. Sterling exchange dull and steady at
81. S3S4 for 90 day bills, and S4.SS for de-
mand. The stock market was active at both
ends to-day, but it degenerated into traders
market during the middle of the day, and
while there was no decided tone to the trans
actions, there was drift in the direction of
higher figures, and the result of the days
operations is to leave the majority of the
list slightly higher than last evening. There
was a rather buOyant tone TO the list i'll the
early trading, when London was buyer as
we'll as the commission houses, while the sell
ing was principally professional and scatter
ing. The announcement of the engagement of
$500, 600 gold for export by a well-known
banking house, with the influence eXerted by
the depression at Boston and the further
drop of per cent in Atchison here gave the
bears an opportunity, and they again ham,
mered the list down, though the early gains
were no more than lost except in a few
cases New England developed considera-
BILE weakness, and this had a bad effect upon
prices, though the fluctuations were but a
shade over point for the entire day. 1t was
soon explained that the shipments of gold
was a special transaction and intended ulti-
mately for South America, and the heavy Of
ferngS and acceptanceS of bonds by the treas
ury had a stimulating effect upon specula-
ton, and traders began to buy, which lifted
the list again and made things much more
lively than they had been for nearly two
hours st. Paul with the other grangers,
aided by the break in wheat, led the after
noon rise. the entire list following, but there
was very little feature to the dealings. The
opening figures were from 1s to IS per cent
above last nights prices, and this was fol-
lowed by g further advance of from ls to So
per cent when the market weakened and re-
tired to a shade below the opening figures.
A half dozen stocks monopoliZed the interest
taken in The speculation, and the volume of
business showed a steady decrease. better
feeling prevailed toward noon, but the dull
ness was extreme, and the move
ments, were entirely insignificant until
toward p. m. when there was
more ANIMATION and a stronger tone. Prices
reached the best figures in the last hour, and
the close was quiet but firm at fractional ad-
yances FAR the day. The final prices show
irregular changes, bnt advances are in a ma
jority, and there are no important changes
whatever. The railroad bond market was
somewhat more active, the dealings showing
an extended interest, though the transac-
tons, except in Reading 4s, which contrib
uted Sl93, 900 to the days total of 81 1874,
600. The general tone of the trading was
steady, though irregular changes took place
in different issues. while the market was de-
void of features of any kind. Government
bonds were dull but steady to firm. State
bonds were dull and steady. The total sales