St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-12
FINANCIAL.
New York.

INV YORK, Dec l1.-Clearings, S2i9.906,-
$40; balances. 81, 80, 470. Money OH call
tight ranging from 10 \ per cent; last loan
1, closed offered at 1. Prime mercantile I'D
7Isc. Sterling exchange quiet and firm ut
SlS0l2 for sixty day bills, and S4.~44 Tor
demand. The situation in Wall street was a
little better to-day, and the news was gener-
ally of favorable character. while London
WAS once more q factor. coming Wild hlgher
prices this morning and buying orders dur
ing the day. The effect of the manipulation
of money rates IN the last few minutes OF
business yesterday was still felt, however,
and the traders were cautious and the pears
looking only for weak spots, with the result
of dullGeSs IN the railroad list The
coal stocks, New England and ST. Paul were
the only railroad stocks which showed any
real animation during the day, but the trusts
were again active under the operations OF
the bears, who used the known developments
in regard TO il. in addition TO a reported BOY
colt of the trust by labor organizations against
sugar. Chicago gas was more OF feature
than yesterday. ana was sold up ana down
apparently by the same parties, though us
final figure was materially low er than that or
LIST evening. Western Union and the other
Could stocks showed none OF their recent
animation and their fluctuations were on the
most limited scale as those in the other
regular stocks. None of the coalers
showed any movements ana lIin not'
of disagreement between the Lack
awanna L Reading accompanied tne stthc5
upon these properties which was rewarded
with a substantial effect in the case OF the
former. though the impression upon Read
ing was only small fractions. New England.
also. while cutie active, changed its quota
ton but slightlv,and the slightest rise seemed
10 bring in selling orders, while the CetilEes
were met by support, and the STOCK was kept
within the limits OF u per cent all gay.
Southern Pacific was the weak one among
the specialties. which were quite neglected
as rule, though Colorado Coal developed
q marked weakness in the last hour, as did
also Denver. Texas d Fort Worth. The gen.
eral list showed no feature Oh IN
Ierest thrOugout the entire ot G lay
steady a; the figures quoted. The final
changes are generally in the direction OF
lower prices, but for slight fractions only,
except in the eases of Chicago Gas ana Den.
yer, Texas d Fort Worth, which declined
lI2 per cent each, Lackawanna ana Sugar
Refneries / II each and Southern Paclhe per
cent. The same moderate demand LOT rall-
road bonds still continues, AID the sales OF
all issues to-day reached 81 ,53l 600. Gnlf,
Colorado & Santa Fe firsts contributed $780,
900. The market was steady TO finn through
out the day, and the final changes are Almost
invariably in the direction OF higher hgures,
though the important changes are few IN
number. The Post SAYS: "StockS opened mod
erately strong, but without much Tecov::
cry from the downward reaction caused
in the last twenty minutes Of business yes
ierday by the bidding up of money to 10 per
cent per annum. OF course it was known
that this high rate was exceptional, and that
it was. made only for small amount wanted
by some beIated broker who had neglected 10
borrow il earlier in the day, when 1t could
have been borrowed at from 5 to per cent,
and was to be had again this forenoon at
from TO g. Nevertheless, it is realized that
the banks are pretty low in loanable funds,
and as the end of the year approaches they
will be calling loans in order to be ready for
the interest dividend disbursements In Jan
uary; and while there is no reason
TO expect any such pinch for money
as was experienced TWO months or
so ago. the market viii work close, and bella
ted high borrowers will run the risk OF having
TO pay rates on some days" Government
bonds dull and steady. State bonds dull, firm;
The total sales of stocks to-day were $50, PEG
shares, including: Atehison. 1888 Cana
dian Southern, 4,G3,; Delaware, Laekawan-
ma K Western, %, 1923; Denver, Texas d
Fort Worth, 3. 26O; Lake Shore. 8, $50; Louis
vile d Nashville. Also; Missouri Pacific,
$3.50; Northern Pacific preferred, S.43S;
Reading, 35,S 20; ST. Paul. II, l2l: Union
Pacific, 4.ZI0; Western Union. 9,3'7.