St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-13
FINANCIAL.
New York.

New YORK. Oct. 11.-Clearings, 1852. $780,
SIG: balances, S4,861 .609: for the week
clearings, 1928, 45s, 500, balances, S31, $780,
265. Money on call easy, with no loans
closing at 2l2 per cent. Prime mercantile
paper, 5s46l7l2. Sterling exchange quiet
and steady at SI.S112 for sixty-day bills and
81. ST for demand. The stock market was
dull to-day, with slight fluctuations as a rule
and the final changes while generally in the
direction of lower prices are slight III all the
railroad stocks. The opening was made
at small fractions better than last
nights figures, and while the trad
favorable bank statement causing slight
losses in the early trading, the general temper
soon became strong and fractional advances
were scored with Union Pacific, Burlington
and the Wheeling d Lake Erie stocks most
prominent for strength. The demand was
not sufficient to sustain the Improvement
however, and the sales of the traders on a
dull market again developed the downward
tendency, which, however, made but little
progress until after the publication of the
bank statement. There was then more posi-
tive selling movement, and the final dealings
were marked by more activity and very
weak tone. Sugar Refineries was the only
really weak point in the market, some
heavy selling being done for Boston
account, and it scored a material decline be-
fore the close Of business. A few stocks like
Union Pacific and one or two others were
well held, but the majority of the railroad
list were brought under the opening figures,
the close being active and weak at the low
est prices reached. The only important loss
was Sugar, l1s per cent. Railroad bonds
were quiet, the sales reaching $4,000, and
firm tone prevailing. Government bonds
have been dull and firm. State bonds have
been dull and steady. The exports of specie
from the port of New York last week
amounted to S447, 500, of which S47, 562
was gold and $4O0,ouO silver. The Imports
of specie at the port of New York last
week amounted to $133,3O of which
$4,000 was gold and S78,3O2 silver.
The Post says: 1.-The bank statement showed
loss of So, 355, a75 in the reserve, the de-
crease in specie being SS,7l7, 500 and the de-
crease of deposits S6.273,700, indicating
that specie had been largely drawn out of
the banks for some purpose. In this connec-
ton 1t may also be mentioned that the i'm
ports OF dry goods at the port of New York
were exceptionally large this week. the
amounts entered for consumption together
with the amount Withdrawn from ware
house. thus making the total thrown upon
upon the market 81, IL l, 900, against 50 972,
179 in the previous week, and $1,000. 626 in
the corresponding week i'll 1889. The bank
statement also showed an increase
OF sd. 9o4, 100 in the loans, which
amount makes the loans just 100
per cent of the deposits. against 81 per cent
In the week to Oct. A, 1854 in the week to
Sept 81. 100la in the week of Sept. 20, and
lo212 in the week to Sept 3. This, how
ever. Still leaves the banks with an ample
surplus reserve of So, l55. 225 above the legal
with deficit of S7US,O25 below the 20 per
| cent at this time last year. The total sales of
| stocks to-day were 5,036 shares includ-
| ing: Atchison, 5,64O; Delaware, Lacka-
wanna Western. s, 023; Louisville & Nash
| vile, g, 100; Missouri Pacific, $3.50; North
| American, 4. $50; Reading L. 200; Richmond
West Point, 3,S10; st. Paul, II ,52J; Texas
Pacific 2,035; Union Pacific, 1920