St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-09
FINANCIAL.
New York.

New YORK, Oct. 6.-Clearings, S16,6oS,.
764: balances, S5,371, $40. Money on call
easy at 2d4 per cent: last loan zig; closed
offered at 3: Prime mercantile paper, 4s4@
Gle. Sterling exchange dull but hrm at
81. S3s4 for 60 day bills, and S4SS for de-
mand. The stock market was fairly active
No-day, but as to its tone was unsettled.
though with generally frmer feeling than
prevailed during the latter portion OF last
week. There were alternate spells OF weak.
ness and strength throughout the day, and
periods of activity followed dizziness. London
was buyer this morning, and commission
houses had number of orders TO buy, when
were executed. This impaired a firm tone to
the opening, but thesbearS were disposed TO
re; list the advancing tendency, and did some
hammerlng which forced the market on 10
lelow the opening figures, and in some stocks
material losses were sustained. Upon the re-
moyal of the pressure. however, the TIDE was
again turned and prices recovered with
prOmptness. New England was again feat
ure of the morning hours and was strong
when the rest of the list was weak, but later
on sagged off and failed to recover much with
the other stocks. st. Paul was special Cd
jeet of attack by the bears, but II was
very well held, and later exhibited marked
strength, and tonight is one of the few stocks
which show marked gains. The vanderbilt
stocks were rather weak. and Lake Shore
readily yielded to the first attack while Mich
igau Central, after selling down, was not
again traded i'll. The Gould stocks, with the
exception of Missouri Pacific, which shared
with St Paul the brunt of the bear raid in the
forenoon, were firm and active. The special
ties were quiet and Lake Erie d " estern
preferred and Chicago Il Illinois preferred
were the only ones showing any feature. Inc
opening figures were generally from ls TO IS
per cent above Saturday evening prices.
and further gains of a like amount were
established in the early trading, while New
England rose point But the list soon de-
clined again, and Missouri Pacific led the
downward movement, which took prices
something below those Of the opening. II MS
was followed by recovery, and the market
showing a steadily decreasing volume OF
business. was alternately heavy and tirm
until l p. N. when there WIS more force to
the rallies and the best prices of the day were.
generally reached before delivery hour
The market exhibited no further fe6f ITeS
and finally closed quiet and firm at about
the highest prices. The active list almost
invariably higher this evening. but the gains.
except in 81. Paul, which is up Il, and Lake
Erie ana Western preferred, which rose lls,
were for fractions only. while Michigan
Central shows a loss of 1Is. The railroad
bond market was again quiet. with sales OF
only 81. 10l 600, of which Sl49.0 900 were in
West Shore As There was no feature what
ever TO The trading but the tone of the deal
ingS was generally steady to firm, and the
final changes are for small fractions, except
in few cases. Among those which are higher,
Denver and Rio Graude Western assented
rose points to 6Sl2. Government bonds
were dull and steady. State bonds were dull
and steady. The total sales OF stocks to-day
were 251.024 shares, including: Delaware,
Lackawana d Western, II 200; Erie. g, 700;
Lake Shore, 1888; Missouri Pacific, $50;
Northwestern, S,697; Norfold 4 Western
preferred, 1865 Northern Pacific preferred,
e,l25; Oregon Transcontinental, $3.50;
Reading 3S, $50; Richmond d West Point,
6,7IS; st. Paul, %, 450; Union Pacific,
lS, 975: Western Union. 5000