St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-10
FINANCIAL.
New York.

New YORK. Sept 9.-Bank clearipgs. $685.
$50. 723; balances, S4,O36,9J9. Money on
call easy at 3G4 per cent; last loan, 1; closed
offered at l. Prime mercantile paper, 500
az Sterling exchange quiet but steady at
"a. S5s4 for sixty-day bills and SASS for de-
mand. The stock market was active in spots
to-day. and the strength dlplayed was con-
fined to few stocks, most OF which were
what are known as Speclaltles. Inc general
list was rather quiet and feverish. The news
of the day was meager, and not OF q charac-
ter to have any marked effect upon values,
and the movements were more the conse-
quenee of rumors and special buying move
ments that of any new developmentin either
direction. The bulllsh feellng was sui
strong this morning, and London was q
heavy buyer of Louisville d Nashville ana
Reading but sold st. Paul, while Chicago
was the chief support of the grangers. which
were somewhat affected by the rumors OF
changes in freight rates circulated on Satur-
day. The opening was very active and
strong. with first prices showing advances
extending to X per cent, and in the early
dealings further small fractional advances
were scored over the general list The
story that large blocks OF the stock had been
transferred to Berlin, where they Will be
listed. and both kinds made material gains
in the first hour, when, however, the
highest prices of the day were reached.
The coal stocks were quite weak, though
viii soon became the leading active stock.
and its advance was most marked, and the
large and persistent buying OF the STOCK
made it the most prominent IN the !lst.
Prices began TO settle away toWafos noon, put
while the changes IN the market from weak
10 strong and vice versa were sudden and
FREQUENT the fluctuations in all except the
leading active snares ana the speclalues,
which showed marked strength, were con-
fined, as q rule to the smallest fractions.
doll hOnr
came SIS heavy that a decided decline took
place, and many OF the advances
of the forenoon were wiped out,
and some stocks retired TO shade
below the first prices. The advances
in the specialties, however, were most marked
at this time, and Manhattan, Denver, Texas
& Fort Worth, Oregon Short Line, Chatta-
nooga and Canadian Pacific were specially
strong. The denial of the rumor that there
was to be an increase in the st. Paul DIVIDEND
on the preferred, however, caused sharp
setback for that stock and the common SYM
pathiZed closely. The close was active and
rather heavy, but generally at 1nslgnlhcant
changes from the opening prices. The hnai
changes in the general list are small, and
about equally divided between gains and
losses, but while ST. Paul preferred is down
214 per cent, Chattanooga rose s, Manhattan
9 Short Line Manitoba, Louisville d Nash
vile ana Nickel Plate first preferred Ia
each; Canadian Pacific 1Ss, and Denver,
Texas & Fort Worth ia. Railroad bonds
were also more active aud stronger, the tone
of lthe dealings showing firm front
throughout the day, and the final changes
are almost invariably in the direction of
higher figures The sales of ali issues
reached Sl.6o8, 900, of which Reading firsts
furnished S166, 900, the seconds $1,000.
and Fort Worth & Denver firsts $40, 900.
Government bonds dull and steedy. State
bonds dull and steady: The total sales OF
stocks to-day were 274779 shares, including
Atchison, %, 1000; Delaware, Lackawanna
& Western, l l 900; Louisville & Nashville,
44.5O0; Missouri Pacific, 13,400; Northern
Pacific. 1877; Northern Pacific preferred,
is, 1000; Reading, II, $50; Richmond & West
Point, 5000; st. Paul, 29,500.