St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-12
FINANCIAL.
New York.

New YORK, Oct. 1I.-Clearings, S12S, 200,-
425: balances, SS,5S4, III. Money on call
easy at 2@2q2 per cent; last loan at 2l2
closed offered at liz. Sterling exchange
and 81 S7I2 for demand. The stock maket
was intensely dull from opening to close,
with some animation in few leading stocks
only, though the tone of the dealings was
strong, and prices this evening are fraction
ally better throughout the entire list There
was a cessation in the selling for Bos-
ton account this morning, and the ad-
vices from that center were much more re-
assuring. which had the effect of stopping
the hsmmering and short selling which have
been INDUCED in for the past few days, and
gave the market decidedly strong tone. The
majority of operators, however, are now
holding off for further developments in diff
ferent directions, and the market to-day was
left almost entirely to the professional ele-
ment, whose endeavors to cover their con-
tracts made what little animation there was.
This was confined to an unusually small
number of stocks, while the general list re-
manned duh and uninteresting throughout,
though il rose in sympathy with the leaders,
showing that the influence of the bear party
in the market snOt so large as was supposed
in some quarters. Atchison was again
a feature of the dealings, and on very
limited transactions advanced over four
points. New England followed, and the
trading in the last named stock was larger
than any of the rest, but failed to make the
large aggregate of the past few days. 1t was
the only prominent feature of the forenoon,
but later in the day st. Paul and Lake Shore
commanded more attention and both moved
up, the latter especially displayed marked
strength. The low-prced shares were with
out feature of any kind, but cotton oil was
again active and strong. London-Was again
q buyer. the increasing ease in money at that
center and the failure of the Bank Of Eng
land to again advance its rate OF discount
creating a better feeling, and reports from
the West of proposed advances in rates
brought in more buyers in the afternoon.
The opening figures were generally higher
this morning. advances extending to
Ss per cent. and, although prices
weakened Immediately, the decline was
short-lived, ana prices were soon above
those of the opening. The market presented
almost no feature of Interest beyond the ac-
tivity and strength in the few leading
shares the movements in the others beng
Slight and OF no special importance. The
advance continued until toward ] p. m,
when the dizziness became intense, and all
character disappeared from the list until the
last hour, when there was arenewal OF the up
ward movement, with little more ANNA
ton. The close was dull but strong. at
about the highest prices of the day. The
active list is invariably higher, and Atchison
rose 45s; New England, 1Ss; Lake Shore
lis, and the rest fractional amounts. The
railroad bond market was, like the share list,
dull with the dealings very widely dis
tributed, the only special animation being
in Richmond d West Point trust skies. which
furnished $50, 900 TO the days total of $3.50,
900. Prices were steady TO firm. and the
final changes are generally toward higher
figures. The most important gain was Erie
3ds, 10 Ito; st. Paul, La Crosse division,
rs declined 2 TO Ill. Government bonds
were dull and steady. State bonds were dull
and steady to firm. The sales of stocks dur
ing the day amounted to 167, ITO shares, in
GLIDING
Del, L. & w.. 400 Reading. IA 400
Erie. go. .... >, S4SI Rich. d w. P. GAPS
Lake Shore. 80. 13, 4J6i ST. Paul ......20,S $40
Mo. Pacific. 4,O70I Union Pacific. 9,475
n. Pacific pfd... 6.300iW T.. 500
New England. SO, 1856