St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-08
FINANCIAL,


New York, Oet7.-Clearings, S85, 133. 344 !;
balances, S., sos, 1853. Money on call strong
er, ranging from TO 10; last loan =; closed
offered at per cent. Prime mercantile pa
per 5Iz@7l2. Sterling exchange quiet and
weak at S4S24 for sixTy-day bills, and
So e614 for demand. The stock market to-
day continued TO feel the effects OF the
stripgency in money. The tone Of the deal
ings remained heavy to weak almost through
out the day, and while the movements of
Importance were confined TO a few stocks,
and the remainder moved only within mar
row limits, the extreme declines RANGED
did seven-eighths of the business.
The weakness in the trusts was again the
most conspicuous feature OF the market, but
while clique support was noticeable IN some
portions of the regular list. Burlington, which
has been the strong feature for the past few
DAYS weakened. and a drive at Missouri
Pacific met with good success on some
rumors of a new complication IN Atchison,
and the latter followed with material de-
cline. Louisville & Nashville and Man
haitian were specially strong in the forenoon,
and both did much to stem the decline
among the stocks of the regular list.
but weakness on other speclalties, such as
Jersey Central, Delaware Hudson and some
others neutraiizing their effect. Manitoba
dropped precipitatelY in the last hour upon
an attempt to market block of the stock.
There were TumOrs of decision in the
North River Sugar refinery. and they helped
to drive that stock down and against bottom,
but stories of pissension among the direc-
tors were used with considerable effect.
There was no news of importance beyond
the encouraging reports of the condition of
general business and the bears were both
active and aggressive, being assisted by a
leading operator from Boston and dele
CATION from Chicago. The bank statement
of Saturday was an influential factor in open
ing the market weak, and sugar was off liz
per cent. Money was tight and renewals
were made at from 6 to per cent, while
money was afterward bid up by some msnip-
ulation to Is per cent. The trusts were con.
spicuous from the opening for weakness:
and, in the regular list Burlington and Atchi
son. with Jersey Central and Delaware &
Hudson, led the declines. The strength in
Louisville and Manhattan served to check
the downward movement, and caused a rally
| of moderate demand before noon, but
| a drive at Missouri Pacific and Atchisou
once more started the list upon the down
| grade, while the trusts again TOOK the lead
| The easing up OF money gave better tone to
| the dealings toward delivery hour, but Man
| itoba dropped per centand the others again
| followed, the market closing weak at close &c
| lowest prices. The list Is generally material
| " lower. Louisville d Nashville being the
| only marked exception, with q gain of liz
per cent. Cotton Oil is down 2ss; Manitobs
| 6; Sugar 2; Atchison and Missouri Pacific 8,
| each; Tennessee Coal 1l7; Big Four las
Rock Island, Northwestern and Pullman
| l per cent each. Railroad bonds were
very dull and showed in the de
| preston in stocks to limited extent. an(
| the final changes this evening show largs
majority of declines. The sales were only
| $675, 900. and the dealings were devoid OF
| special feature. Governments dull and steady
State bonds dull and without feature. Tht
total sales OF stocks to-day were $50, u4t
shares. including: Atchison, 40, l21; Della
| ware, Lackawanna & Western. G, All; Erie
| 4, $50; Louisville & Nashville, 20, S20i Mis-