St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-04
FINANCIAL.
New York.

NEW YORK, Sept 3-Bank cleaFings to-
day, $40, 31016 balances, So, 740,944.
Money on call easy at 2I206 per cent; last
loan 8, closed offered at 8. Prime mercan-
tile paper, 5@7. Sterling exchange quiet but
steady at "a. S44 for sixty day bills and
4.S7s4 for demand. The stock market to-
day was more active than on any day during
the past three months, and the strength in
the eading stocks was very pronounced, ap-
preaching buoyancy at times, though the
general list was more quiet and moved over
a comparatively narrow range. The buying,
especially in the forenoon, was very m arked
for both sides of the account The Chicago
party was very prominent making the
CHANGERS, and of course, the Northern
Pacifics the leading strong features. The
Northern Pacifcs were again the leading feat
Ures, and in the early trading made most
marked advances. Oregon TranScOnt1nental
was carried up in sympathy and on an official
statement of the plans of the company. A
rumor that the Chicago, Burlington d North
ern would be finally absorbed by the Bur
Gngton d. Quincy this week caused smart
upward movement in the last-named stock,
and while there was no confirmation of the
story in any way the greater portion OF the
improvement was retained to the close Rock
Island was also a tavorlte, and jumped up 2
per cent while st. Paul and Northwestern
were comparatively sluggish, the former be-
ing even weak on the disappointment over
the fact that the gains in net earnings for
July were smaller than expected. The Gould
stocks were in good request, and Missouri
Pacific became active and strong, followed
by Wabash. AtchisOn was the one weak
feature of the day. but the weakness
seemed to have little or no effect upon the
remainder of the list. and 1t is the only stock
showing any material loss as the result of the
days business. The news was not of a
character TO have much effect upon prices,
though it was rather of unfavorable tenor.
The attendance at the board was larger than
usual of late. and the feeling decidedly
mil fhara was "a
eagerness to buy, and first prices were ma
ter1ally higher than Saturdays closing fig
ureS, the advance extending to per cent.
The most marked upward movement was
started immediately the Northern Paeifics.
Burlington & Quincy, and Hooking Valley,
with Transconunental, Missouri Pacific,
Rock Island. and specialtieS following. Wis
cOnSin Central and Michigan Central also
became prominent toward noon, when the
movement among the stronger stocks became
less pronounced. A reaction was had in the
afternoon, though in nothing but Atchison
and ST. Paul was there any real weakness.
movement in Union Pacific, accom-
panied by a decided increase i'll
the amount of business done, was
the special feature. Several specialties were
strong and scored material advances. The
excitement died away completely in the last
hour, and the close was quiet, but firm. The
entire active list with few unimportant ex-
ceptions, is higher tonight, and Northern
Pacific preferred is up 3ls, the common I,
Manitoba and Burlington d Quincy la,
oregon Transcontinental 1Ss, Rock Island
and Hooking Valley IA, Union Pacific 1Is
Atchison is lis per cent lower. The railroad
bond market was quiet the sales reaching
S1,057,O00, of which the Hooking Valley IS
contributed 100000. The tone of the deal
ings was in close sympathy with that of
stocks and remained strong throughout The
Hooking Valley issues were the only marked
feature, and the 6s scored another handsome
gain, rising 3 per cent to 81. Government
bonds have been featureless. The total sales
Of stocks to-day were $40, 094 shares, includ-
ing: Atchison. 800; Delaware. Lacka-
wanna & Western, 6. 300: Erie, 1000; Hook
ing Valley, $500; Lake Shore, 1900; Louis
vile & Nashville, l0,So0; Missouri Pacific.
11,000; Northwestern, $500; Northern Pa