St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-26
j. j. WATSON, BRO. & HYNDMAN,
SO East Fourth Street,
REAL ESTATE AND MORTGAGE INVEST
MENTS.
FIRE INSURANCE AGENCY.
FINANCIAL.

New YORK, Sept. 25.-Clearings. $685.
$40, 155; balances, S7,075, 1877. Money on
call easy at ll2Q2 per cent; last loan 2 per
cent; closing offering at 2. Prime mercan-
tile paper 5A1712 per cent: sterling ex-
change quiet but steady at S4.S4 for sixty
day bills and $4.SS for demand. The
stock market was agBin less active to-day,
but there was tirmer feeling, and at least a
portion of yesterdays losses was recovered.
The course of the market was much the same
as it has been for the past few days, the legit-
innate business of the day beng done in the
forenoon, when prices advanced; the
bears then taking hand in affairs and sag
ging the list off, though to-day their opera
attended them during the past few days.
There was manifest disposition 10 wait for
the advices from the meeting OF st. Paul
stockholders in London this morning, but
the feeling on the street was better and a
stronger tone marked the trading of the fore
noon. The Vanderbilts were, after st. Paul,
the features, and material gains were made
in them. The declaration Of dividend on
Rock Island and the gain in the earnings of
st. Paul helped that stock up, and it was
easily the leader of the market. Union Pa
cific, Louisville d. Nashville, Reading and
Northern Pacific preferred were all promi-
nent, but in none of them were the move
ments of special importance except in the last
hour, when Union Pacific moved up smartly
and the general list followed. There was act
i've trading i'll New England throughout the
day, but its fluctuations were confined to a
range of only % per cent, and seemed to
have little or no significance. The delay in
the Richmond Terminal-East Tennessee
matter gave an opportunity to the bears to
attack the stock Of the Terminal company,
and il was made the means Of breaking the
rest of the list. The first sales were generally
made at but slight changes from last nights
prices, and after momentary weakness the
market advanced all along the line, but the
progress was slow until toward noon when
St Paul and the Vanderbilts made marked
gains. The trading then became dull, while
the attack on Richmond q West Point car
ried prices down all over the list. The mar
ket after that time was feverish and unsettled
with no marked movement but general
downward tendency until late in the last
hour, when Union Pacific took the lead and
some recoveries were made from the low
prices prevailing. The market closed quiet
and rather weak, however, at the figures.
The final changes are almost invariably in
the direction of higher prices, though con-
fined to small fractions in most cases;
Nickel Plate first preferred, however, rose
2ss, Union Pacific IA and Hooking Valley l
per cent. The day in the bond market was
the dullest that Weehave had in some months,
the sales aggregating only S69l, 900, while
the tone of the dealings was heavy. There
was no feature, however. and considerable
irregularity i'll the movements existed, but
the majority of the final changes are IN the
direction of lower figures. Government
bonds were dull and steady to firm. State
bonds were entirely neglected. The total
sales OF stocks to-day were 300, 270 shares,
including:
Del, Lac. & W. Is, 800 Reading. &C.. IA, 100
Lake Shore. -. u, O69 Rich. d W. p. 10, sos
L'ville & Nash. II, $50 st. Paul. ......3 81, 600
Mich. Central. $500 Texas Pacific. 1850
Northwestern. IL 800 Union Pacific. $3.50
n. d. Western. ), 200 West. Union. $3.50
Oregon Trans. APO