St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-01
FINANCIAL.
New York.

NEW YORK, Sept. 29.-Clearlngs to-day,
SIPS, Az, $50; balances, $40, 1872, $40 For the
week-Clearings. $685., 3l6,7O4; balances,
S34, 1857, SAL. Money on call was easy, with
all loans at 2 per cent, but closed offered at
3 per cent Prime mercantile paper, 4s4Q.7
per cent; sterling exchange dull, but steady
at 81. S3l2 for sixty-day bills and S4.S7l2
for demand. The stock market was ex-
tremely active and decidedly strong to-day
from the opening to the close, and again
everything on the list made material gains for
the day. London had some selling orders in
the market at the opening, and the first sales
were made at irregular changes from the
closing figures of last evening,
though declines were in a majority
temper of the room, however, was
hullish and the market became very strong
Immediately. The opening prices in most of
the list were the lowest of the day. Pacific
Mail and New England developed marked
activity and strength, the latter especially
displaying great buoyancy and with scarcely
a setback during the whole session, it adj
vanced, gaining nearly 3 per cent. East
Tennessee seconds preferred, Denver 4 Rio
Grande preferred and Louisville & Nashville
all followed with marked advances, and
among the specialties Chicago d East Illinois
preferred, CheSap eake L. Ohio and Big Four
were very prominent, Missouri Pacific and
Reading Joining the procession later in the
day; but the movement extended to all parts
of the list and ceased only with the cease OF
business. Much of the buying in New
England was attributed to Boston, but there
was large demand for the stock and it was
easily the leader of the market. There was
great deal OF realizing of profits on the ad-
vance, but the new buying was sufficient to
absorb all the offerings ana still keep the list
moving in the upward direction The close
was active and strong al the best prices of
the day. The most marked advances were
New England, pa; Cleveland, Columbus,
Cincinnati d Indianapolis, IA; Denver d
Rio Grande preferred and East Tennessee
| oh nlSG Ta1
and Chicago & East Illinois preferred
per cent, and Others smaller
amounts. The railroad bond market was
again very active, and as the share list
was decidedly strong throughout the SEES
sion. The Chesapeake d Ohio issues were
the special features of the day by reason of
| their activity and strength, all making
marked advances The currency certificates
contributed $4,000 TO the days total of
| ST. 375, 900. The only other specially active
! issue was the ST. Louis, Arkansas d Texas
! IDS. which furnished $4,000. The re-
mainder of the business was quite evenly
distributed. The most important gains were
| Chesapeake 4 Ohio series b certificates, SIS
| to so; the Is, 3ss TO 1913; Delaware d Hnd-
| son extension rs, 2 to 10, and the ST. Louis,
Arkansas & Texas DDS, 2ss to 1928. The sales
| of bonds for the week were 81, SIS, 600 against
only 1921, 900 for the previous week.
| Government bonds were dul, and steady.
| State bonds were entirely neglected. The
| exports of Specie from the port of New York
last week amounted to 1914, 269, of which
$1,000 was in gold and 342 769 silver. All
the silver went to Europe and the gold TO
South America. The imports of specie for
| the week amounted 10 SS5, 405, OF which
| S49.979 was gold and S35.426 silver. The
| total sales of stocks to-day were 209, 1926
shares, including:
Can. Southern. $3.50 Oregon Trans. 4 100
Del, L. & W.. S.2JO Pacific Mail -. 6.960
| Erie S75 Reading. ....33, 200
| Lake Shore III, no Rich. d W. P. 3,625
| L'Ville & Nash 7,200St. Paul. 1900. $500
| Mo. Pacific. 6,5l0ITeX. Pacific. ., 100
| Northwestern. 4, 925 West. Union.... $500
| N Pacific Dref 3 o65i