St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-11
FINANCIAL.
New York.

New YORK, Sept. I0.-Clearings, SEA 1877
ZIG: balances, So, 9739l5. Money on call
easy at 16l2 per cent, last loan liz, closed at
1I2@2. Prime mercantile paper, 5G6l2.
Sterling exchange quiet but steady at 81 S4s4
for siXty-day bills aud S4.S7s4 for demand.
The stock market was somewhat irregular,
fevensh and generally lower to-day, the
heavy trading in the low priced shares being
a feature of the dealings as well as the I'M
usually large number OF stocks traded in.
There was a renewal of the attacks upon st.
Paul, with free realiZations in most of the
active list but the most determined drive
was made at the grangerS in the last hour
by which all the list was affected and
the majority of the list are lower
this evening in consequence. The
early figures from London this morning
were lower than our prices of Saturday, and
the bears Immediately attacked St. Paul,
The general list, however, exhibited n strong
tone and soon broke away from St. Paul,
while number of the inactive list developed
marked strength, Hooking Valley leading;
the nearness of the decision on The suit for
S., 900, 600, which the friends of the road
confidently expect will be in favor of the
company, stimulating buying. The general
list sym pathiZed with these stocks and be-
fore noon most of the list showed small gains
for the mornings work. The improved tone,
however, gave way later. and these al
vances were generally wiped out, though the
character of the dealings underwent no
change. Among the stocks showing unusual
strength to-day were the stocks of the small
coal companies, though the stocks of the
great coal carrying roads were rather slug
gish as a rule. The Northern Pacific group
also displayed considerable frmness, espe-
cially late in the day, though only the Ore
gon Improvement company made any rise.
The drive was renewed after delivery hour
with great force, and while the grangers
were the principal sufferers everything on
the list was affected and the lowest figure
rpapbaH shortly before the elOSn Tho
dividend on st. Paul was offered for l per
cent to-day without takers. The open.
ing figures were made at irreg-
ular changes from Saturdays closing pri-
ces and this irregularily was seen in the
early dealings almost until noon, and while
the trading was quiet in the usually active
shares, the low prices, specialties became
more active and most of them strong, and
did not show signs of weakening until
toward 2 pm. Denver Il Rio Grande was a
feature of the afternoons market, and with
Hoe king Valley led the upward movement.
Business became more active in the last hour
and the grangers slumped Off quite aapldly,
carrying the rest of the list with them, even
the specalties giving way under the pressure.
The close was quiet and weak, generally at
the lowest prices reached. Most of the list
show declines tonight, but with the eXcep-
tons of st. Paul, which is down II2 per cent,
and Northwestern, which lost ! per cent, the
losses were for fractional amounts only
while Hooking Valley rose 2I4, and Den
yer d RIO Grande, both common and pre-
ferred 1I2 per cent. The market was little
more active than the average of last week.
The railroad bond market was quiet to-day
though there was no special activity any
where in The list, the sales of all issues reach
ing 81, 1885. 900. The tone of the trading, I'M
like that in shares, was strongthroughout,a and
almost everything traded III shows an ad-
vance this evening. The gain of most i'm
portance was the Chesapeake d Ohio and
Southwestern seconds 10 26. The total
sales of stocks today were go, 2S7 shares,
including:
Del, Lac. & W. 1892 North'n P. pfd. 3,O75
Erie ....-...... 3.7T5 Ohio IL Miss. 5.725
Hook. Valley. S,95SIOregon Trans. 13, go
Lake Shore -. 4.0I3i Reading. .......31, 40
Mo- Pacific. 4,320ISt. Paul ....... 36,015
Northwestern. 1900 Texas Pacific. $685.
Nor. & w. pfd. 5.O75 Union Pacific. 6.170
~ 4 rlnlNIroeto,,,