St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-02
FINANCIAL.
New York.

New YORK. Nov. Bank clearings $751;
Clearings, 1871, 139. s67; balances $33. os5,-
I21. Money on call easy. ranging from to
8 per cent; last loan 4; closed offered at a.
Prime mercantile paper COS. Sterling ex-
change quiet and barely steady al 81 et15
for sixty day bills and $4.s4A for demand.
The trading N the stock market to-day was
like that of yesterday, professional, only
with the same activity and prominence in
Sugar Refneries and Reading, while the
general list was dull and Etagnant, or
taking what little tone was dis
played from the movements in the
two leaders. The holiday in London and
the approaching one in the country tended
10 make things dull, and the amount of bust
ness done in the other stocks was in:ignfi-
cant in the extreme. The opening was made
at Irregular but slight changes from last
nights prices, and in the early dealings some
firmness was shown in the grangers and Chi
cago Gas, but this soou gave way to droop-
Ing tendency, owing entirely to the weakness
in the two leaders. The reservation of the
decision in The sugar case was interpreted as
hnfavorabic TO the interests of the certificate
holders, and the traders and professionals
sold the stock down from CT "a last evening
to 6!l2. The same sort of pressure was ex-
pretense that long selling had been
detected. and from 35A 1t settled
down TO 80 l4c. The bank statement was
issued unusually early, however, and it
plus reserve by which it is again lifted above
the requirements of the 25 per cent rule, and
the traders then went in to cover some of
their short contracts put out earlier in the
morning, with the result OF causing a partial
rally all along the line. and Sugar rose about
l per cent and Reading "a, while the losses
in the remainder Of the list were nearly
wiped out. The close was dull, but firm. at
the improvement. The final changes are
generally III the direction of lower figures,
but Sugar and Reading are the only ones
showing any loss Of Importance, the former
being down ga and the latter
l per cent. Railroads bonds were
fairly active during the session,
the most attention being paid to the Kansas
Texas issues which displayed some
strength, but the general list was rather
heavy and the important final changes are
generally declines. The sales reached $3.50
900. Reading I'd incomes lost ga at 42lh.
Government bonds have been dull and
steady. State bonds have been entirely ne
elected. The exports of specie from the
port OF New York during the week amounted
TO S243. l67, of which S6o,4l7 was in gold
and SiS2752. The imports Of specie for
1897 was in gold and S247,765 silver.
The Post says: To-day was a holiday in
London, consequently there was no trading
there to have an influence on this market
But SO far as concerns the financial situation
there, and the disposition to deal in Ameri-
| can stocks there is reason to believe there
has been marked improvement in the past
week. A private cable from there this morn
! ing which is fair reflection IF the views of
majority of financial people in the London
market says: Condition of affairs much
| better; weak accounts we think seem closed
| out of stocks; investors coming in at the de-
| Cline; We look for higher prices" To some