St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-03
FINANCIAL.
New York.

New YORK. Oct. 2.-CleaTings.S 166, CSC. 00S:
balance. S1O,12O, 256 Money on call strin-
gent. ranging from 3 TO 10; last loan, 3;
closed offered at 3 per cent. Prime mercan-
quiet and weak at 81 S2%4 for 00-day bills
and Si.S714 for demand. The bullish feel
ing in the stock market was quite pronounced
this morning. Notwithstanding The condition
of the money market and the shipment of
gold and the London figures coming higher
and the foreign houses being liberal purchas-
erS. The confidence in the immediate future
found expression in higher opening figures
and on a moderate business further advances
in the early dealings. The improve
ment in the opening prices over last
evenings figures extended to IS per cent,
though Wheeling i Lake Erie preferred was
exceptional with loss of Is per cent at
9OS4. The dealings were rather restricted,
however, and Atchison. Reading. Louisville
d Nashville and ST. Paul, with sugar fefiner-
les, monopolized the greater portion of the
business done. The bUllish feeling was most
pronounced in Atkinson, and 1t rose per
cent in the first half hour, with the rest of
the list following. It was then announced
that another half million gold had been Or
deTed for export by the Belmonts. and the
buying was checked. 1t was asserted that
the amount to go would be made up TO
S2.5Oo,OU0, and though there was no means
of verifying the story it made very bad i'm
preston upon the room, ana reaction as
in order, - hich, while there was no pressure,
to sell, soon carried prices down to below the
opening figures The money market ruled
light at from 8 to 10 per cent, but there was
plenty of funds at the rates. Dizziness became
the leading feature in the market, and prices
remained stagnant until the afternoon, when
an attat was made upon New England by
the bears which retired that stock to AZ, a
loss of 1Ss per cent from its opening figure.
Manhattan dropped per cent on the gold
shipment, some stop orders being uncovered,
but when these had been executed the re-
covery was rapid, though all the loss was not
regained. Manitoba was strong throughout,
and the story. that it was going into
the hands of an English syndicate
market eased off materially in the
last hour and rates went down to per cent,
at which it closed, and the buying showed
itself again with the result of developing a
strong tone once more, and prices again
crept upward. There was no special feature,
however, and the close was quiet and firm at
the close to the opening figures. The list is
generally slightly higher this evening, while
Sugar is up "a. Manitoba 2, Canadian Pa
cifc / y and Pullman ia. Railroad bonds
were somewhat more animated to-day and
the sales went up to $4,000, out of which
S102 900 were in the Nickel Plate fourS.
The market was decidedly irregular, how
ever and the final changes are about
equally divided between gains and
losses. Beside the bonds mentioned the
F ort Worth & Denver tirsts the Louisville
Southern frsts and the Chesapeake & Ohio
fives were pro minent in the trading. Among
the advance. Delaware Il Hudson, Pennsylva-
MIA division coupon rose to IA, and South
Carolina firsts 2I2 to 10l Ohio. Indiana d
Western firsts st pa at s04. Government
bonds have been duh and steady. State
bonds have been dull and featureless. The
total sales of stocks to-day were 137.7S5
shares, including: Atchison, 19,435; Louis
vile d Nashville, 1920; Reading, TO-
500; ST. Paul, Is, us.