St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-02
FINANCIAL.
New Work.

NEW YORK, Oct 1.-Clearings, $50, 574.e $50:
balance, S5.929,976. Money on call strin-
closed at COZ. Prime mercantile paper. SIP
@7I2c. Sterling exchange quiet and weak
at S4S44 for o0-day bills and S4.S7I2 for
demand The stock market maintained
about the same volume of business to-day in
the regular list, but the unlisted department
was much less active, while the weak stocks
of the past few days were more quiet and
moved within comparatively narrow limits,
and the range of prices in most stocks was
extremely small. There were few features
of interest in the transactions. but consider
ing the high rates exacted for money, the
market was remarkably well held and
shows conclusively that strong hands are
in possession of the stocks in this market.
Money on call to-day loaned as low as and
as high as 8 per cent. but there was a de-
cidedly easier feeling at the close of business.
The dealings to-day were small outside of
those OF the professional element and while
London houses were sellers to limited eX-
tent, Chicago people were doing almost moth
ing and the traders were bearish for a turn.
There was no pressure to sell in any portion
of the list, but though some traders did some
hammering, they brought out very little
stock, though there was again some liquida-
ton induced by the scarcity of money and
the engagement of $500, 900 gold for export
had for a time a depressing effect upon
prices Atchison was still the central figure
in the market and although the covering
of shorts in the stock has been very
heavy during the past few DAYS. the short
interest is still of respectable proportion, the
stock is still on the advance and showed evil
dence of support on the decline 1t is said
that a large speculative interest has begun
to buy it for a turn. The principal reason
for the steadier tone to-day was the payment
of the October interest. The coal stocks
were not so strong. and Jersey, after selling
I'D to l31 settled back to 1871 OH the mar
keting of block OF stock. The grangers
were attacked upon the report of the Bur-
lington for August. which was not so favor
able as had been expected. Manhattan was
the one positively strong feature of the day,
and it rose to 105 le and closed at los. on
what appeared as manipulation. Pullman
was also especially strong on Western buy
ing and the remarkably good statement of
the Louisville d Nashville did much to sup
port that stock. The export of gold was
inexplicable upon any grounds known to
the street, and no explanation was to be had
at the banking house which ordered it: and
the effect upon the market was depressing in
the extreme. The opening prices were gen
orally lower. the decline from last evenings
prices extended to sB per cent. and while
the first few minutes saw declining tend
ency in prices, fed by Atkinson, full and
leading the upward movement. The reac-
tionaTy tendency appeared as money crept
I'D in the afternoon all the early gains
were lost, the grangers being the
SDocldl pOlUL VI dJtdck, anu MdQ-
haitian dropped per cent. Towar d
the close better feeling existed as money
gave signs of easing I'D and the close was
dull but firm. though still at small fractions
below the opening prices. The list is gener-
ally lower tonight, but there are no import
ant declines, while Manhattan rose De and
Pullman per cent. The trading in railroad
bonds was still smaller than the limited bust
ness of the past few days, reaching only
$500, 900. The market was steady TO firm,
as usual, and the changes in quotations con-
fined to the same narrow limits. Iron Noun
tain, Arkansas rs rose to 106l2. Govern
ment bonds dull and steady to firm. State
bonds dull and steady. The total sales of
stocks to-day were 1914, TAG shares, including:
Atchison. q; 72o; Lake Shore, 5,275i Louis
vile d Nashville, 6,165; Manhattan, II, y
Union Pacific, 1875. High rates for
money on call continued very stringent
in the stock exchange to-day, and
large amounts were loaned at the rate of log
Is per cent per annum. Late in the after
noon small loans were made at 6 per cent,
and just before the close it was offered at q.
The engagement Of S500.000 in gold caused