St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-10
FINANCIAL.
New York.

NEW YORK, Nov. 9.-Clearings. $196, 3d.
927; balances, S5,495,6l2- Money on call
easy; all loans at per cent; closed offered at
2 per cent Prime mercantile paper, 5l26
7l2 Sterling exchange quiet but steady at
"a. S0I2 for sixty-day bills and 81. S4I2 for
demand. The stock market was active and
feveriSh to-day, but most of the time dis
played strong tone, which resulted in ir-
regular changes for the day, but enabled
some stocks TO score material advances. The
temper Of the room was reactionary again
this morning. and. while the bulls were in
clined TO hold off, the bears were still aggres-
siYe, and succeeded in opening the
market generally IS to " per cent lower
than 1t closed last evening, with
the grangers showing the most import
ant losses. London was buyer to limited
extent and Boston purchased more literally.
especially Atchison, in which the influential
endorsements OF the organization plan seem
TO be having effect. There were buying ord.
ers in the bands of commission houses which
SOON made themselves felt after the OPEN
ing. and while the grangers held back, the
coalerS were firm and Atchison and Lead
Trust were especially strong. the latter rising
ia per cent in the first hour, while frae-
tional improvement occurred in the regular
list. Among the speeialties Tennessee Coal
was also particularly strong and scored an
extreme rise of 1ss per cent, though por-
ton of this was afterWard lost when the
bears pressure was resumed. The grangers led
in this reaction. though no particularly weak
spot was developed, and the attack was soon
suspended when fresh buying for the long
account appeared and material further adj
vance took place all over the list. The
Nor. hern Pacitcs were most conspicuous in
this advance and the preferred rose Il per
cent. The bank statement was not issued
until just previous to IL O'Clock. and the
large loss in reserve which once more sends
the surplus below the legal requirements was
made the occasion of another sharp raid in
the last few minutes which had the effect of
neutralizing portion of the previous gains.
The close, however, was firm at something
off from the highest prices. The
final changes are irregular and gen
orally fractional but the only important
ones are advances and lead trust is up u pei
cent, Tennessee Coal a like amount, and
AtchiSon ] Is per cent. Railroad bonds were
again fairly active, the sales of all issues sg
gregaung SS30,00O for the two hours SEES
sion, while the st. Louis, Arkansas & Texas
lists furnished $16l, 900 TO the total The
market was strong in tone, and the Gulf, Col
orado & Santa Fe DDS were the special feat
ure of the day, rising So per cent to 77ss
! Sales Of bonds for the week 1864, 600
| against Sc, S6l, 900 last week. The Posts
! financial article says: Reading continued to
! be held to-day with the same remarkable
| frmness. notwithstanding the unfavorable
aspect of its affairs. ST. Paul also was firmel
| thsn the other granger stocks, and it il
| probable that the large outstanding shor
| interest In both is a source Of strength IL
| theft prices. The net results by fluctuatior
was higher prices Tor nearly all stocks ex