St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-04
FINANCIAL.
New York.

NEW YORK, Sept. 3.-Clearings, $751;
301, 252; balances, Sc, 2O6, 7OS. Money on
call easy ranging from 2 to per cent.
last loan &c closed offered at 2c.PIim mer-
camille paper, 6@7c. Sterling exchange
dull and steady. atS4S2 for sixty-day
bills and S4.S51l for demand. The buSi-
ness created by the efforts of the bears
to further depreSs Rock Island and
Sugar RefnerieS, with some trading in
Atchison and st. Paul, comprised about
all there was to the stock market to-
day. The general list, while very dull,
presented firm front, especially in the
afternoon. and the fluctuations were
even smaller than the previous few
days showed. There were stories in
circulation about the probable passage of
the next dividend on the Rock Island and
that the traders had points to sell the
stock for rs, but after further decline
of fraction, the stock rallied nearly 2
per cent. which would give the impress
sion that the early rumOrS were made
for the purpose of covering shorts. The
reaction was accompanied by Chicago
special that AtchiSOn would divert
freight to Rock Island, and so save the
association from dissolution. The
movements III Sugar were on smaller
scale than usual Of late, and, although
it pursued the same course as Rock
Island, it occupied much less i'm
portant position In the market. The
news of the day was meager and
OF little or no influence upon the
making of quotations, while the in
disposition to operate was never
more pronounced. The bulls still
maintain their waiting atti-
tude, while the bears are covering to
even up their old deals, and the floating
supply of stock on the street being
small, the latter task is not an easy one in
view of the apathy of the market QUO
tatiOns and the tenacity with which
their holdings are retained. The heavi-
ness of yesterday reappeared at the
opening this morning, which was in
close sympathy with the lower London
figures, and first prices showed losses
from last nights finals of from "A to Is
per cent generally. Outside of the two
stocks mentioned and AtchiSon and st.
Paul, the further losses were entirely
insignificant. Later there was rally,
which brought prices generally up to
small fractions better than first prices.
The traders again took the short side
in the afternoon, however, and a
vigorous raid upon Chicago, Burlington
& Quincy ratified that stock off IL per
cent in a very short time. The attack
ceased as suddenly as it began. and the
market closed fairly steady at about
opening figures for most OF the list.
The final changes even for Rock Island
and Sugar are slight. while the only i'm
portant one is loss of 13s in Burlington
& Quincy. Railroad bonds were still
very dull. The sales of all issues
reached only $4,000, which was dis
tributed among fair number, of bonds.
The market was again rather heavy,
especially in the forenoon. but developed
stronger tonealater in the day, but as
usual the great majority of changes are
for slight fractions only. Tennessee
Coal, Birmingham division 6s rose
80 to 80. Government bonds
have been dull and steady. State
bonds have been entirely neglected.
The Post says: The facts that the
Rock Island has always refused to pub
lish any information in regard to its
earnings and the pro gress ofits finances,
and that the stock had for many years
been held in blocks for investment were
partly the means Of deferring for it q