St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-09
FINANCIAL.
New York.

NEW YORK, April S.-The clearings
to-day were 500, 1872, 462; balances, s., 6S4,-
PAL. Money on call was easy at 3@4 per
cent; last loan, 8 per cent; clos ed offered
at 3 per cent. Prime mercantile paper,
1906. Sterling exchange dull, but
firm at 1860 for 60-day bills, land S4.SSI
for demand. The total sales of stocks
to-day were 296,370 shares, including:
Atchison, 81 $50; Delaware, Lacka-
1885; Louisville d Nashville, $50;
Missouri Pacific, 1920; Northwestern,
30,7O0; Reading, $4,000; Richmond &
West Point, 6,400: st. Paul, SO, 721; Union
Pacific, 1880; Western Union, 3,191.
There was another marked and sudden
change III the temper of the stock mar
ket to-day and it was active and decld-
edly weak throughout. there being only
one strong spot in the list. Everything
tonight is materially lower than at the
close Saturday. The influence of the
bank statement was felt in full this
morning, for the state of the resources
of the banks not only called a halt in
the foreign buying, which was becom-
ing somewhat of factor last week, but
it encouraged further attacks by the
by the short-waisted bulls upon the
rise of last week. There was notable
absence OF support, especially in
the stocks which so lately have
been the leaders of the upward move
ments. Atchison was again the great
feature of the day, and while command
ing premium for use which reached
a per cent per diem, was sold reckle ssIy
by the bears, and the general belief that
after Tuesday there will be heavy sales
of stock bought for purpoS es of control.
The report of the earnings for February
also went some way in encouraging the
pressure, as there was a deficiency in
meeting fixed charges. Similar reports
about Missouri Pacific were circulated.
and that stock was good second, with
New England and Northwestern
following. The other grangers
were not forgotten, and only
st. Paul out of the entire
list showed any support whatever, and
it is exceptional in showing small adj
vance at the close this evening" The
opening figures were great disap-
pointment to those who had regarded
the furry at the close Oh Saturday as a
temporary setback, as first prices were
from IS TO q per cent lower than the
final figures of Saturday. Missouri Pa
citic took the lead in the early decline,
while the amount of business done was
VII IiOtcldGS. dIltl, dlluOuSIl there WAS
some recovery toward IL o'clock, it was
entirely insignificant, as were all the
rest of the rallies during the day.
Atchison then became the leader,
and was joined by New England and be-
fore noon the movement had become
very marked. Cotton Oil became prom
inent after noon, but the decline was
steadily maintained throughout though
the strength in st. Paul became verv
noticeable at this time. Toward de-
livery hour the pressure was removed
and the market subsidized into dizziness
but there was another attack upon
Atkinson in the last hour when the
greater portion of its loss for the day
was sustained. The market closed
fairly active and weak although aslight
rally occurred. Most of the list, how
ever, were at or near the lowest figures
for the day. Atkinson is down 3
per cent. New England TX: MIS-
souri, Pacific and Colorado Coal 1aS;
Rock Island. Jersey Central, Big Four
and Union Pacific II each, and Bur-
lingtOn 115. Railroad bonds were quiet,
although the dealings extended to an
unusually large number of issues, and
the sales Of all issues aggregated 81 ,164,-
600, out Of which Short Line skies fur
nished $4,000, and Chesapeake & Ohio
fves Sl04,000 The list did not sympa-
thize with the decline in shares, but re-
firmed without special feature. San
Francisco Glass A, rose 2 to 100. Gov
eminent bonds have been dull and
steady. State bonds have been dull,
and without feature.