St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-25
FINANCIAL.


NV York. Sept 24;-Clearirgs. s1o3,-
call easy at 2l2Gf7I2 per cent; last loan. 2I2 ;
closed offered at =. Prime mercantile paper,
5Q712. Sterling exchange quiet, but steady,
at 81. S3s4 for sixty-day bills and 81
for demand. There was little more ANNA
ton in the stock market to-day. but il was
entirely at the expense of values. and. out
side of less than half dozen stocks of the
regular list ana the two trusts. there was
even less business done than at any time
since the activity ceased a couple of weeks
ago. Almost nothing doing in the market
by commission people and the room traders
are at present interested in Louisville Il
Nashville, the Northern Pacifcs and one or
two other stocks monopoliZed by far the
greater portion of the business done. Ad-
vantage was taken early in the day of
the apathy of both London and all domestic
interests to raid the list though for the end
of the forenoon, the contest was confined
principally to Sugar trust and the price of
that stock was hammered down from l615s
at the opening to 97I2. against los last
evening. The movement as was natural at
tracted a grea, deal of attention. and con
siderable speculation was INDUCED in as TO
where the pressure came from, but large
stop orders were met at about par. and the
selling was generally attributed to insiders.
The decline was met by the rumor which
seems to have some foundation, that the
company would apply TO the stock exchange
TO have its certificates placed upon the regu-
lar list. submitting its sworn statement of
its standing and complying with the
rules of the exchange. A rally to 50 fol-
lowed and at that figure the stock closed
When the rally i'll sugar came. the traders
turned their attention to the rest of the reg
ular list and Louisville d Nashville. Missouri
Pacific and the grangers, which were COM
paratively well held I'D to that time, were
forced off and materially lower prices
reached all round. though in most of the list
the depression was for small fractions.
Among the low-priced shares and the mac
tive list some wide fluctuations were scored
and Cameron coal, which SO lately sold
around 80 ana yesterday 10, was quoted at
and rising to s, fell back again to the open
ing figure. All support seems to have been
Withdrawn from the property, and though
the companyS furnace Is said 10 be earning
q big profit. from day to day. the
company, it is said. is embarrassed for
want Of ready capital Alton & Terra
Haute preferred and common we're also
strong, but the strong features of the day
was Tennessee coal, which rose from 80 to
%. and closed at fractional reaction. There
was general improvement in the list dur
ing the last hour, and the market closed quiet
and steady 10 firm, generally at small frac-
! tons under first prices. The 1list is almost
invariably lower, the marked exception be-
ing Tennessee coal, with an advance of )
! per cent, while sugar trust lost 3SS: NOfOlk
4 Western preferred. 1A; Louisville Il
! Nashville, rs, and Missouri Pacific l.
Railroad bonds were dull and without featr
ure of interest, and while it was inclined to
follow; the share list being heavy III the
forenoon and stronger later in the day, the
final changes of importane are very few in
number. Governments dull and steady.
State bonds neglected. The total sales Of
stocks to-day were III ,562 shares, including
Atchison, 1855; Louisville d Nashville, So,
$50; Missouri Pacific, 1924: Northern
Pacific preferred, l0.626; Reading, Is, 20;
ST Panl 300