St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-18
FINANCIAL.
New York,

NEW YORK, Sept. 17.-Clearipgs, s145,-
173, 3S4; balances, Sc, 1885, GA. Money on
call easy at 4G6 per cent; last loan, 4
per cent: closed offered at a per cent Prime
exchange quiet but steady at 4.S4A for
sixty days, and Assn for demand. he
stock market was again dull to-day, but the
temper of the dealings was in marked con-
trast to that of yesterday, and the losses OF
last evening were generally fully recovered.
The bearish feeling was still strong this
morning, but it soon disappeared when it be-
came suspected that the Chicago people were
sellers only for quiet turn; and the pres
sure upon prices was removed before the
noon hour. though the market up
to that time had been feyerish and
irregular. There were several stories in
regard to the lines which have agreed to pro
rate with the Chicago, Burlington 4 North
ern, but all of them lacked confirmation, and
the hopeful and reasuring utterances of the
presidents of the Northwestern, Rock Island
and st. Paul gave the finishing touch 10 the
depression. The traders shifted over to the
bull side Immediately, with the sudden turn
In the Northern Pacifics was also great
help TO the market for the time being. The
sellers of that stock of yesterday and this
morning were brought up with round turn,
and rise Of 81 per cent from the lowest
price of the forenoon was the result. In the
rally the grangers took the lead, though
Delaware d Hudson regalned all OF Its loss
OF yesterday. The business retained its
professional character and the fluctuations,
except in the few leading stocks. were again
confined to the smallest fractions, though
here and there, among the inactive stocks,
there were marked movements. The most
conspicuous was the drop OF IA per cent in
Canada Pacific, at the opening. on selling
credited TO the foreigners, and the stock is
one of the few showing decline at the close.
The market was unusually dull at the open
ing and first prices were generally from ls@
y per cent lower than last evenings figures,
and further slight losses were sustained over
the whole list, while Northern Pacific pre-
ferred dropped Ia per cent to 72A. That
stock, however. rallied sharply and the rest
of the market followed and, as the day
wore along, the bullish clement became
more pronounced and before delivery hour
Northern Pacific preferred had risen TO
75l2c. while the movements among the
others in few instances exceeded fractional
amounts. RealiZations checked the rise in
the last hour, and q partial reaction took
place. but the close was dull and steady at
close to the best prices OF the day. The un-
listed department was comparatively neg
lected again, and while sugar was again
strong, there was very little business done
only Is ,o90. The final changes almost in
varlably show advances, Oregon Trans
continental and Wisconsin Central are
up IL each, and Delaware & Hudson
l per cent and Sugar ~: Rail AL
sales of all issues reaching 500, 600. while
the only active feature was the Milwaukee,
Lake Shore & Western extension 5s. which
contributed $4,000 to the grand total.
The market was generally steady and the
changes in quotations are small and unim-
portant except in few issues, though adj
vanees are little the more numerous. Gov.
eminent bonds have been dull and steady.
| State bonds have been entirely neglected.
The total sales Of stocks to-day were l70, 266
shares including; Atchison, 300; Della
ware. Lackawanna & Western, 1897; Lou
fsville & Nashville. 10 400; Missouri Pacific,
$40 o: Northwestern, 4,653; Northern Pa
cife, 1920: Northern Pacific preferred,
26, l59; Reading 23.45O; St Paul, IL, 136;
Union Pacific, S,245.