St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-26
FINANCIAL.
New York.

New York. Sept. 25.-Clearings. S1O2,-
055, 37l; balances, S4,267.363. Money on
call easy at 466 per cent; last loan, 4l2 4;
closed offered at 5. Prime mercantile paper,
507I2. Sterling exchange quiet but steady,
at 81 1894 for siXty-day bills and S4.67s4
for demand. The stock market to-day was
but little different from those of the past two
weeks, and while duh and stagnant for the
great majority Of stocks, few specialties
showed either great strength or weakness.
The London market was remarkably strong
this morning and especially for Louisville d
Nashville. which it is believed the for
eign pool intend to keep up until
the S1300O,O00 new stock has. been
of the forenoon, and III London was up
1IS per cent from last nights price here and
though il opened up at an advance OF only a
per cent at 7Sss, il was forced up to 79A and
held in that neighborhood throughout the
day. Its activity was by far the most re-
markable feature and 1T furnished nearly a
quarter of the entire dealings in railroad
shares the most of the market did not re-
spOnd to the strength in Louisville, and
Sugar Trusts, after opening down u. retired
to 97I2c the lowest price of yesterday, but
afterward recovered the lost, when the gen
eral market began to mend. The bears
brought considerable pressure to bear upon
the list in the forenoon, and Burlington,
Lackawanna and Northern Pacific pre-
ferred were specially weak under
was the one strong feature of the
general list, and under what looked like
pool manipulation it advanced from 52H
last evening to 5514, and then on sales OF
only 1000 shares declined to 62l2. AS on
yesterday, the rates for money were held
high in the forenoon, but relaxed later in the
day and afternoon; the bears also relaxed
their pressure upon the market, and better
tone was soon marked all around. The ad-
vance outside of the specialties however,
al
gains were made in a few stocks, among
which Manitoba was most conspicuous.
jumping from l1112 to 11o, the rise being
accompanied by a renewal of the rumors OF
an advantageous alliance with some other
road. Union Pacific was also feature in
the last hour, on report of an in
crease in the net earnings for August
of SS27,736. The other speeialties,
which showed great strength were Cana
dian Pacific, Denver, Texas d Fort Worth
and Milwaukee, Lake Shore & Western pre-.
ferred. The market quieted down after de-
livery hour and while there was slight re-
cession from the best prices, the close was
firm, generally at fractional gains for the
day. The final changes are almost ali in the
direction of higher figures. and Denver,
Texas Il Fit, Worth rose q, Canada Pacific
anc Union Pacific each Ia, Tennessee Coal
and Louisville & Nashville each !. and Mani
toba 314 Railroad bonds were little more
active, the sales reaching $S74, 900. but the
Louisville, New Albany Chicago fves,
which were the features of the day. con.
tributed Sl35, 900 to the total. The market
was generally steady. and the fluctuations
outside of the bonds mentioned, were con-
fined to small fractions. The Louisville
fives opened at 1O4sl and rose TO log on
large transactions, closing at the top figure,
a gain of IL per cent. Government bonds
dull and heavy. State bonds dull and feat
ureless The total sales of stocks to-day
were I69 725 shares, including: Atchison,
II. 1926: Delaware. Lackawanna & Western,
Ia, $50; Louisville d Nashville, 80. AIS;
Reading, 1880; st. Paul. 10, $50; Union
Pacific, Clio.