St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-28
FINANCIAL.
New York.

NEW YORK, Sept 27.-Clearings TO-DAY.
81 8, 12s. 264: balances. S4,692.9l7. For
the week-clearings, 1929, 2ls.47S: balances
S34,69l, l42. Money on call easy. with ali
loans at per cent, closing at 8 prime mer-
camille paper, 53407: sterling exchange
quiet. and steady at 81. 8Ola for sixty-day
bills, and S1.S4l2 for demand. The stock
market to-day was quiet to dull for the gen.
eral list, but the continuance of the bear
pressure upon few of the leading stocks
created activity in these shares and gave
tone to tie entire list. The market displayed
a marked lack of support from the ear
lest dealings and the bears. notwithstanding
the fact that very favorable bank state
ment was expected increased their sales of
short stock as the time wore along. and the
last prices are at or near the lowest of the
day. The pressure was most prominent
upon Atchison, Pacific Mail and Sugar, and
each of these stocks scored material losses in
the short session. The president of Pacific
Mail was quoted as saying that there was lit
tie chance of the passage of subsidy bill in
present session of congress, and the stock
became shining mark for the operations of
the bears. and it was forced off from 4254 to
4U and closed at Al. Sugar was sold on the
compromise of the sugar tariff, which is
looked upon as not favorable enough
to the refiners, and large amounts of
the stock changed hands at constantly declin-
ing figures. Atchison was pressed for
sale and steadily declined with no develop
ments, but plenty of talk of business troubles
"
though first prices were generally slightly
higher, and sympathized closely with the
weakness in the leading shares, and while
there were frequent slight rallies most of the
list closed off small fractions from last
nights prices. The loss on Sugar was 1 ~,
on Atchison lis, and on Pacific Mail 13l
Railroad bonds were very quiet and
showed little feature, but the tone was
heavy with only slight changes even
among the leading issues. Govern
ment bonds have been dull and frmer.
State bonds have been dull and steady. The
exports of specie last week amounted to
$4,000, all gold. The imports of specie
during the week amounted to sos. S25, of
which S153.2SO was in gold and $40, $40
in silver. The Post says: This market is
narrow and the most active spectators have
got themselves SO much involved on the
short side that they are obliged to do all they
can to prevent the rise. 1t seems inevitable,
however, that it must come some time soon;
the short interest is SO large that any at
tempts 10 cover it would make sharp up
statement was remarkably favor
able one in every respect, and
shows that the banks have recovered
from their expanded condition, as will be
seen BY the fact that the average of the total
loans for the past week was equal to only
1854 per cent of the deposits, whereas, on
last weeks statement they were equal to
100H2 per cent, and the previous week 1922
per cent. 1t must moreover be borne in
mind that the present statement is made on
rising averages. and that the real condition
of the banks to-day is much easier than is
shown by the statement. The total sales of
stocks today were III. S62 shares.1ncluding
Atchison, 12,614; Delaware. Lackawanna u
Western, S,95s; Louisville & Nashville,
4,250; Missouri Pacific. 100; North Amer
lean, 3.407; Pacific Mail. 5000; Richmond
& West Point, 1883; st. Paul. 1850; Union
Pacific 1878.