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

NEW YORK, Oct. 6.-Clearings, S76,6SS,-
764; balances, S5,371, $40. Money ON call
easy at 2d4 per cent; last loan 2t2; closed
offered at 3. Prime mercantile paper, 4s4@
Gle. Sterling exchange dull but firm at
81. 1884 for 60 day bills and S4SS for de-
mand. The stock market was fairly active
to-day, but as to its tone was unsettled
though with generally firmer feeling than
prevailed during the latter portion of last
week. There were alternate spells OF weak
ness and strength throughout the day, and
periods ofactivity followed dizziness. London
was abuyer this morning, and commission
houses had number of orders TO buy, which
were executed. This impaired firm tone to
the opening but the bears were disposed to
resist the advancing tendency, and did some
hammering which forced the market on TO
below the opening fignres, and ia some stocks
material losses were sustained. Upon tnere
moval of the pressure, however, the tide was
again turned and prices recovered with
promptness. New England was again a 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 OBJ
jeet of attack by the bears, but it 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 in. 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 speclal-
ties were quiet. and Lake Erie 4 Western
preferred and Chicago & Illinois preferred
were the only ones showing any feature. The
opening figures we've generally from lS 10 80
per cent above Saturday evenings prices,
and further gains of Il 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. rms
was followed by recovery, and the market
showing a steadily decreasing volume OF
business, was alternately heavy and firm
until ! p. m. when there was more force TO
the rallies and the best prices of the day were.
generally reached before delivery hour
The market exhibited no further features
and finally closed quiet and firm at about
the highest prices. The active list is almost
invariably higher this evening, but the gains.
except in ST. Paul. which is up l u, and Lake
Erie and Western preferred, which rose lls,
were for fractions only, while Michigan
Central shows a loss of lis. The railroad
bond market was again quiet. with sales of
only 81 101, 900, of which $4,000 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 & Western, IL 200: Erie, 200;
Lake Shore. $685. Missouri Pacific, $3.50;
Northwestern, S,697; Norfold d Western
S,l25; Oregon Transcontinental, $3.50;
Reading. 3S,0S0; Richmond IL West Point,
6,7le: ST. Paul, 2745O; Union Pacific,
1915; Western Union, 16,050.