St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-11
FINANCIAL.
New York.

NEW YORK, Sept. 10.-Bank clearipgs to-
day, S147, l12.724; balances. 1910, AS.
Money on call easy at 2l294l2 per cent; last
loan, 2I2; closed offered at 8. Prime mer-
quiet but firm at S4.S414 for sixty-day bills
and "a S4A for demand. The stock market
to-day felt the effect of the growing opinion
that reaction is due, and except for por-
minutes, 1t was dragging one throughout.
The declines established, however, except Ill
q few stocks, were generally for small frac-
tons only. The pressure was specially severe
against the graugeTs, Inc Chicago people
having selling orders in all OF
them on the unsettling news in re-
gard to the rate situation. the
refusal of the trunk lines to prorate being
added to the fear that the Chicago, Burling-
ton d Northern will make heavy reoucuon
III the through rate in order to pay It's ex-
penses. The disposition to realize profits
notwithstanding that the general feellng
still remains bullish became most marked,
and many of the traders shifted over 10 Inc
bear side early in the day. London to-day
seemed TO have caught up TO this center In
the matter Of strength, and the prices from
that place were higher for the first time IN
many days, but the influences above men
toned caused an irregular but nearly weak
opening here. and among the active stocks
the declines from last nights prices
reached IS per cent, while tennessee
Coal was down ! per cent. London had
large buying orders in Reading and It's secuf1-
ties. as well as in Erie and some other OF its
favorites but the pressure to sell in the rest
of the list soon removed what little strength
was shown in them. The support accorded
Reading by the foreigners. however, served
to keep il firm in The face of the weakness OF
the other coalers, though the decline in der
sey Central seemed to be on suffrance only.
Louisville d Nashville and Manitoba were
the most prominent weak spots in the early
trading, and each lost per cent A some
what better tone was developed toward noon,
but. except in Northern Pacific preferred and
Reading the movement attracted little no
tice; in the afternoon The market was steady
though a decline took place, the only notable
exception being Lake Erie Western pre-
ferred, which suddenly rose to 65Ss. There
was some realizing Of profits upon the
days decline in the last half-hOur, and
the closing figures were a shade better than
the lowest the market being about steady at
the improvement. Lake Erie d Western pre-
1erred shows gain of l per cent but be-
sides this final advances are few in number
and unImpoTtant. Railroad bonds were
again moderately active. the business OF the
day extending to 81 GAO, 900, of which Read
ing lists contributed $4,000 and the DDS
S1560 900. The market displayed none of
yesterdays Strength, but sagged with the
share list throughout. Governments dull
and steady State bonds dull, without feat
ure. The total sales Of stocks to-day were
262, 35s shares, including Atchison, $500;
Delaware, LackaWanna d Western, $500;
Nashville, 10. 700; Missouri Pacific, 1900;
Northern Pacific $500: Northern Pacific
preferred, 1900; Reading, 60, 100; st. Paul,
ri 700