St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-25
New EapE&.

NEW YORK, Oct. 24.-Money on call easier,
ranging from 1 TO q; last loan at .. closed
offered at . per cent Prime mercantile
paper. 5I2G7. Sterling exchange quiet and
steady at S4S1for sixty-day bills,and S4.s5A
for demand The total sales of stocks to-day
were l78, l46 shares, including: Atchison,
4,S20; Delaware, Lackawana IL Western,
1926; Denver, Texas d Fort Worth,
Missouri Pacific, II, Has; Northwestern,
$3.50; Northern Pacific pfd, 4.945: ST.
Paul, a. 800; Union Pacific, 51.S60. The
stock market was less active to-day, especially
in the afternoon, when the bears ceased their
hammering operations but the temper
of the dealing was Irregular and
feverish but rather weak lhrOugh-
Out most of the day. Considerable bullish
feeling was engendeTed by the announce
ment Of the traffic arrangements between the
Union Pacific and the Northwestern, but a
damper was put upon this when London
turned up as a heavy seller of Union Pacific
and other specialues The explanation off
cred was that pool which had bought
Union Pacific at much lower figures, was re-
alizing on the advance. The selling checked
the buying for the time being and the bears
and traders came III 10 complete the de-
moraization, but there was still demand
for stocks, and the market became feVtriSh
within narrow limits for most of the list.
Kansas and Texas was almost entirely neg
lected to-day and its dizziness was in marked
contrast 10 Its sudden activity yesterday. Con-
siderable pressure was brought 10 bear upon
the CHANGERS. though il was not until the last
hour that any important impression was
made upon any OF them, when Rock Island
yielded materially and is the only one show
ing material loss among the stocks of the
regular active list, The efforts of the bears
were again directed against sugar refneries,
and aided by the announcement OF the OPP
position to the trust, they were enabled 10
make sharp decline in that stock, though il
recovered several times. Missouri Pacific was
a sufferer from the attacks of the bear com
bination and it was broken over per cent,
but recovered a portion of this loss before the
close. AT the opening prices were materially
higher than those of last evening and ld-
vanceS extended to Is per cent, but after
further slight improvement reaction occurred
and Burlington, UuiOn Pacific and Sugar LED
downward movement, which, however
ceased after the first half hours business,
The market became more quiet, and prices
recovered most of the losses. Later there
was another attack upon Sugar, and the
stocks of the regular list declined fraction
ally in sympathy, led by Missouri Pacific.
This raid came to an end before delivery
hour, after which stronger tone was shown,
and the market became devoid of feature,
finally closing quiet and fairly steady at
fractional losses for the day. Sugar tonight
is down 27s and Rock Island II2, while Den
YER Texas d Fort Worth, which was the
only strong feature of the day, is up la.
Railroad bonds were generally dull, but the
le0Ny trdullS III Kansas N Texas SKIES, winch
figured for Sl40, 600, and the Fort Worth d
Denver firsts, which furnished Sl22,O00
out OF the total days business Of 81, 1872
600, brought some animation in the
market. The tone Of the dealings were
stronger than usual of late, ana material ad-
vances were scored in several issues, Fort
Worth & Denver tirsts being the feature. The
Posts financial article SAYS: There was a
larger volume of trading in stocks this fore
noon than in the same time yesterday, but 1t
was nearly ali of that sealping character
which indicates that the minds of the spec
ulators are not clearly made up about the
market. and consequently they change from
day to day in the endeavor TO make profits of
fractions of one per cent. Union Pacific
was the special feature. IJ opened at &c,
in consequence of the knowledge that the
traffic agreement with the Northwestern
for q period of ten years had actually
been confirmed. But 67G was the highest
price of the forenoon. and by ~ o'clock il
was down TO $685.. The view taken of the
agreement with the Northwestern was rather
favorable and would probably have resulted
in a further advance in the price of Union
Pacific if ii had not been for heavy selling
for London account. Another special feat
IRE of the forenoon was Denver, Texas &
Fort ORTIZ owing 10 the continued large
earnings, which for the second week of De-
tober show an increase OF ST per cent. The
squirt of activity in NJ. K. d T. stocks yester-
day proved TO be only a spurt as there was
almost no trading in il to-day. Government
bonds dnll and unchanged. State bonds dull
and featureless.