St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-11
FINANCIAL.
New York.

New York. March 9.-Clearings
to-day, SIP. .4S2: balances, s5,010,292.
For the week: Clearings, $3.50, 1870, 657 !;
balances S35,545,091. Money OH call
ruled easy with no loans: closed dull.
Prime mercantile paper, 1906. q.
Sterling exchange dull but steady at
S4.S5s4 for sixty-day bills, and $4.SSs4
for demand. The total sales of stocks
to-day were 213,902 shares, including
Atchison, $3.50; Delaware, Lackawana
& Western. $4,000; Erie. 900; Lake
Shore. 1856: Louisville e Nashville.
$40; Northwestern. ISL; Northern
Pacific preferred, 1850; Oregon Trans
continental. $500; Reading. Hiss;
Paul, 23.1l0; Union Pacific, 14,971;
Western Union, 1O,035. The stock
market was more active to-day
than during the same hours
on any previous day this
year. and was decidedly weak in all its
departments, the result of the trading
being material losses in quotations all
over the list. There was timid feel
ing at the opening this morning and the
selling by Chicago and the local operat-
OrS was very marked, prices on the first
sales being from Is to 4 per cent lower
than last evenings quotations all
around, while Omaha common was ex-
ceptional with drop of IL per cent.
There was evidently no effort to support
prices and the decline was rapid when
the news of panic in Paris came in to
help prices down and the selling be-
came more general throughout. The
coalers, grangers and Union Pacific
were especially active and felt the
full force of the pressure, and
among the specialties Tennessee Coal re-
ceived most attention and lost large
proportion of it's late gains. The trad
erS put out great many stocks encour-
Jagged by the bar advances from the other
side, at the low figures good buying
came in, and by-11 o'clock the decline
had met with check and the market
for the time being became compare
lively dull while slight improvement
was shown in quotations. The Oregon
stocks were conspicuously weak in the
first drive and short line dropped nearly
y points. while the others were held up
better. Towards noon the bank state
sment was issued and showed loss of
over 100000 in the surplus reserve,
shipped West brought on re-
2neWal of the selling movement
and prices again rapidly dropped,
reaching still lower figures than
had been seen during the first hour.
The rumors also stated that large
amount of gold had been taken for
Shipment to Europe, but inquiry de-
lNeloped the fact that none had been SO
taken, but that there was unusually
heavy inquiry for cable transfers, pre-
sumably to aid correspondents on the
other side in trouble. No Improvement
was seen in the list, and the market
finally closed active and weak at the
lowest prices of the day. The entire
active list is lower, and Louisville &
Nashville lost ~: Union Pacific, 1Ss;
st. Paul, Reading and Oregon Naviga-
ton, IL each; G. G. G. & L., Colorado
Coal, Lackawanna, Manhattan and
Tennessee Coal, each l per cent. and
the others fractional amounts. Railroad
bonds failed to respond to the activity and
weakness existing in shares, and were
dull, the sales of all issues aggregating
only $4,000, and while weak tone
prevailed for some time, prices were
well held throughout, and some marked
advances were established in a few is
sues. No special feature marked the
trading. Among those which are higher
this evening, Long island lists rose 2111l.
to 1924: Mexican National lists lost