St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-05
FINANCIAL.
New York.

New YORK, Oct. 4.-Clearings 1854, S42,-
SS7; balances. So lO9, 222 Money or call
easy at 2I513 per cent. last loan 8. closed
offered at lt2. Prime mercantile paper
4S407. Sterling exchange dull but steady al
81 S3l2 for 60 day bills. and 81 s7l2 for de.
mand The stock market went back TO duh
ness again to-day, the transactions being the
smallest Tor any full day for over TWO weeks,
but the lone of the dealings was strong
throughout and almost no setback occurred
The result of the days trading being TO leave
nearly the entire list fractiOnally higher than
last evening. There was some selling by the
foreigners al the opening on the high rates
Oh the other side and the advance in the
Bank OF England's rate of discount bus The
latter as the result showed, had been com
plelely discounted and no stocks coming
cut from domestic sources, the foreigners
became buyers in turn and aided the advance
which had already begun. There was abso.
lutely no pressure 10 sell stocks but there
was considerable quiet buying, accompanied
by confident talk. and the traders who were
inclined 10 be bearisb al first switched over
To the bull size. The outside influences az
fectins the market were few, out the SubSid.
ence of the excitement in the wheat marker
did something TO restore confidence, and the
heavy offerings of bonds to the treasury gave
hope TO the bulls. though there was after
wards some disappointment over the small
number accepted. There was very little Tea
ture i'll the market but the coal stocks occu-
pied more prominent position than fOf
some time past, and Jersey Central became
conspicuous for its strength The Gould
stocks also became more CONSPICUOUS, but,
outside of Western Union, there was no
special movement i'm them. The grangers
were quiet and so were the Southern stocks
which showed some weakness. with the ex.
ception of Norfolk and Western preferred
and East Tennessee stocks. The feature Of
Inc day, however, was cotton oil. which
made further advance Of about
2 points on a large business
There are no new developments IA regard to
the property and the officials are more than
usually secret The declines from last
evenings figures al the opening this morning
extended TO y per cent but the market
developed strong tone Immediately though
was slow and never in but a few stocks
q steady diminution in the volume OF bust
ness throughout the day though there were
spells of activity. A slight reaction occurred
in the last hour but the close was quiet aud
firm al or near the best prices of the day.
The final changes, with few unimportant
exceptions, are in the direction OF higher
prices, though the only one for more than
fraction was in Jersey Central, which is up
lSs per cent.
In the railroad bond market the Chesapeake
and Ohio issues were again active,
but the rest of the list was
like the share list quiet TO dull with
little movement and no feature beyond a
firm tone which lasted throughout the day
The sales for the day were 1887 900,
and the Chesapeake & Ohio certificates con-
tributed Sl40. 900 and the currency certifi-
Gates 81 10, 900 TO that amount. The most