St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-05
RANK OE MINNESOTA,
FINANCIAL.
New York.

New YORK, Sept 4-Bank clearngs to-
day, S16S l67, 1913; balances, S5,G29, 794.
Money on call easy at 3G4 per cent; last
loan 3, closed offered at 3. Prime mercan-
tile paper, 507. Sterling exchange quiet but
steady at S4.S4A for sixty day bills and
81 s. "a for demand. The stock mark to-
day was less active than yesterday, and at
the same time was more Irregular and fever
ish, with some marked movements in the
speculative fayOTiteS, and the general list
traded in within narrow limits. There was
no marked change in the tone of the market,
however, and the underlying strength of the
situation was demonstrated by the way in
which prices were held up in the face of
the heavy TealiZatiOns in the lead
ing speculative stocks. London prices
his morning were lower and there was con-
siderable realizing, which the cables stated
were from this side, but the opening Of our
market was generally firm. and Northern Pa
cifc preferred opened close up to the best
price for Il week past. Good selling in that
stock, however, was very marked and the
pressure in the early dealings was so great
that drop of ll2 per cent was scored in the
first few minutes trading. The market was
almost wholly in the hands of the local
traders, and London and Chicago stood aloof
for the time being; but there was fresh buy
ing enough to resist the influence of the
crop in Northern Pacific preferred. especially
as the common stock displayed most pro-
nounced strength and soon scored a rise
of l34 per cent. Later in the day,
however. DOM gave way ullOeF Tie pressure
brought against them. and the lowest prices
of the day were made IN them at the close,
the loss in the preferred during the last hour
being nearly 3 per cent though 1t closed
something better than the lowest price. The
movements i'll the general list up to D. m,
were generally in the upward direction.
though Louisville and Nashville was the
only stock which showed any decided
strength. Late in the day. the coal stocks
became the leading strong feature and Della
ware d Hudson and LackaWanne made de-
cided upward movement in the face of the
weakness IN the rest of the list. The VAN
derbilts also displayed some strength during
the afternoon, and served to eOunteraet in y
general declining tendency of the list. The
close under the influence of the free settings
of the Northern Pacitcs. was heavy TO weak.
The trusts were neglected. The final changes
of note among the active stocks were adj
Vances of 27s in Delaware IL Hudson and l
per cent in Colorado Coal. and a decline of
29S in Northern Pacific preferred. Railroad
bonds presented the same quiet business. with
a generally nrm tone and few marked
changes in quotations. Sales reached only
S1.0l7. 600 and the Denver q Rio Grand.
Western certificates contributed Sl65, 900 to
the grand total. Government bonds have
been dull and steady. State bonds nave been
dull and without feature. The total sales of
stocks today were 29I, 2g5 shares, includ-
ing: Atchison, 1850: Delaware Lacka-
wanna q Western. 1852; Louisville q
Nashville. IA. S25; Missouri Pacific, II. 100;
Northwestern, Z, 80: Northern Pacific, IA
935; Northern Pacific preferred, 50,53l;
Oregon Transcontinental, Is, 45S: Reading.
1920; St. Paul, 24,025; Union Pacific,
1850,