St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-06
New York.

NEW YORK. Sept. 5.-Bank clearings to-
day, SI4I,OI2,59S; balances S6,031, I26.
Money on call easy at 31l3l2 per cent; last
loan 3I2, closed offered at 3L2. Prime mer-
camille paper, 5G7. Sterling exchange quiet,
but steady at 81 S44 for sixty day bills and
S4S7s4 for demand. The stock market was
again very active and decidedly strong to-
day the weakness seemingly having entirely
disappeared from the list. The continued
animation was largely the result of buying
orders from outside sources, though the most
influential of these was the buying of the
Western stocks by the Chicago party, which
made the grangers to-day the leading stocks
with the ption of the coalers. The Vii
lards occupied rather secondary position
in the market though there was liberal buy
ing of those shares by brokers supposed TO
act for the insiders, and the impression that
the purchases for Mr.. Willard had been com
pleted was not so much believed. The bear
ish feeling, based upon frosts in the West,
was very small, and, while there was feel
ing that the reaction should have continued
further. there was considerable hesitancy in
making further short sales. The coal stocks
were the great feature OF the day, and the
effect of the recent demonstration of har-
mony in continuing the restrictive policy
finally scared the shorts in those shares, and
a liberal covering movement was chiefly re-
sponsible for the rise to-day. The smaller
coal and iron companies were especially
strong, and the Tennessee Coal was also
helped by rumors of improvements to
be made by new capitalists inter
ested in the company. Among the
strength were Manitoba, Wisconsin Central
Tennessee Coal, Wheeling & Lake Erie pre-
ferred and Kingston & Pembroke. Wheeling
d Lake Erie advanced on the continued good
earnings and hints of developments in the
stock from London, where q large amount of
it has lately been sent. The London prices
this morning were generally lower, but our
market opened higher, with advances over
last nights figures, extending to "a per cent.
The market was rather quiet at first, but
Northwestern Pacific and the coal stocks be-
came very strong. and marked activity was
soon developed. the upward movement eX-
tending rapidly to the rest of the list. The
advance was so rapid, however, that
noon. and decided weakness was devel-
Oped in Cotton OIL. The market regained its
tone after ~ O'Clock, and the strength began
to show in the speeialties. many Of which
scored handsome gains, while the most
marked movement in the active stocks was
slow but steady Toward the last hour real
izing sales checked the progress of the ad-
vance. and fractional reactions were made
all over the list, but the close was active and
firm to strong at close to the best prices of
the day. The list is almost invariably higher,
and Manitoba and Wheeling & Lake Erie rose
2l2 per cent Tennessee Coal 2ss, Lacka-
wanna 2Is, Jersey Central 2, Wisconsin
Central l3s, Lake Shore ~, Louis;
Nllle q NASHVILLE 1Ae, heauln8 ana
Northern Pacific preferred l per cent
and other fractional amounts. Railroad
bonds were dull, though the number of issues
traded in was much larger than usual The
ONLY features of the day were the evenly
distributed business and the general firm
tone. The sales were only sos, 600. Gov
eminent bonds dull and steady. State bonds
dull and steady. The total sales of
stocks to-day were 372, 100 shares, includ-
ing: Atchison, 10000; Delaware, Lacka-
wanna d Western, 1910; Erie, 5000;
LIKE Shore, 16,10O; Louisville & Nashville
%, 200; Missouri Pacific, 1890; Northern
Pacific, 1880; Northern Pacific preferred,
50, 300; Oregon Transcontinental 9,400;
Reading, ~, l60; Richmond & West Point
1880; st. Paul, 29.700; Union Pacific
1918; Western Union, $3.50.