St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-13
j. J. WATSON, BRO. & HYNDMAN,
90 East Fourth Street,
REAL ESTATE AND NOR TGAGs INVEST
MEHTS.
FIRE INSURANCE AGENCY.
FINANCIAL.


New York, Sept l2-Money on call easy
NJ lt2G2 per cent; closed offered at . per
cent Prime mercantile paper .5dGl2. sterling
exchange dull but steady at 81 S4S4 for sixty
day bills ana 81 IS for demand ClearingS.
SlOI. 2I3. 300; balances, s., Hos, 30l. The
stock market was somewhat less active to-
day ana irregular, unsettled and feverish
throughout with the general tendency of
prices in downward direction. The uncer.
tainty in regard to the ST. Paul dividend was
the controlling cause of the unsettled feel
ing and there was marked indiSpo-
silion TO make new ventures while old
accounts were closed up in many cases
on both SIDES OF the account. There was con
siderable pressure TO sell in the early deal
ings, which was directed principally against
the Changers; and The resi- of the list sympa-
ihizcd closely with the movement. a reac-
ton was brought about by the receipt of the
rumor that the Chicago, Burlington d North
ern had agreed TO join the Central Traffic as
ISOLATION, but the effect Of this was after
wards neutIalized by the denial or the rumor
and the report from Chicago that the West
em connections of the Pennsylvania had re-
duced rates on grain, which put a
dnmpeI on the bullish feeling. There
was very little movement in the
usually active list. except the Gran.
gers through New England was more active
than usual and was cOnSplcUOusly well held
when the rest of the list were weak and declin
Gg There was great deal of talk on the stock,
but the general belief was that the shorts in
il were being twisted though the stock fluc-
juated only S. per cent for the entire day
The coal stocks were quiet throughout and at
iracteu very little attention, while the most
marked movements were in the low priced
shares, and Chesapeake * Ohio was specially
active and strong. each kind OF stock raising
nearly = per cent. London prices came
higher this morning, and The foreigners
were buyers al the opening, which made
first figures from Is 10 Is per cent above last
evenings prices, but the pressure TO sell
quickly forced the list off. the CHANGERS tax
ing the lead though Lackawanna and Lake
over, however, before the end of the first
hour and some of the specialties were strong
all the way out. On the rally which fol-
lowed before noon the Northwestern led
the advance and most of the list were
brought up 10 the neighbOrhOod of first
prices, but the subsequent movements were
Slightly and irregular and in the
last hour the market became quite
dull throughout and the close was dull
and heavY at small declines for the day.
The final changes are almost invariably III
the direction of lower figures, though Hook
ing Valley, which lost q per cent, was the
only important decline. The railroad bond
market was fairly active, the total sales reach
ing Sl.G72OOO ont of which Sl02, 900 were
in Fort Worth d Donver irSts, 1925, U0U in
West shore fouIS and Sl07 600 in Green Bay
incomes The tone of the market was strong
almost throughout, and while there were
some declines most OF the liSt are materially
higher TINS evening. The features OF the
trading beside the issues named were the
Chesapeake K Ohio issues and the Reading
incomes. Houston d Texas general after
rose 10 T2i2 New Jersey Midland liTsts2 10
ll5, and Richmond 4 Allegheny receipts ,
10 90. Among the losses was Pensacola IL
Atlantic fTsts, al "a. and Omaha d st.
Louis iirsts at -. State bonds were quiet
snd strong Government bonds were quiet
strong. State bonds were entirely neglected.