St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-08
FINANCIAL.
New York.

New YORK. Oct 7-Clearings S177.O
969; balances, Sc, S71.S34. Money on call
easy, ranging from to per cent; last loan,
8 per cent, closing offered at g Prime mer-
camille paper, 5S4@7. Sterling exchange
quiet and weak at $I.SIA for sixty. day bills
and 81. SO for demand. The stock market to-
day was i'll marked contrast to that of yester-
day, rather dull. especially in the afternoon.
While III place of the wide fluctuations and
sharp movements OF yesterday, there were
comparatively small changes in quotations
throughout the day and little decided tend
ency of prices at any time. The feeling on
the street was undoubtedly easier, and
many regarded the situation as likely to i'm
prove from this time out, and BUYERS were
encouraged by some support from London in
the early trading: The general opinion was
that any forced liquidation was pretty nearly
completed, and that stocks had undoubtedly
gone into stronger hands, and evidences of
buying by insiders in several of the larger
properties were seen. A strong opening was
had, and the demand from London with that
from the shorts was sufficient to make fur
Their slight gains i'll the early trading The
advance, however, was the occasion of some
selling, when the demand Stacked away and
toward noon the bears gathered courage
enough to renew the pressure and prices were
carried down to below the opening figures
in almost everything traded in, while
Burlington d Quincy. Rock Island ,Atchison,
Tennessee Coal and some others displayed
marked weakness under the assault and
Sugar Refineries brought up the rear with a
drop of 2 per cent from the best figure of the
forenoon. Good buying again appeared at
the concession and late in the day material
recovery from the lowest prices was scored,
the market leaving off quiet but firm, general
ly at insignificant changes from the opening
figures. The final changes for the dav are in
but few cases for small fractions only, and
advances are IN majority while Union Pa
cific shows gain of ls, and Southern Pa
cific a loss of l per cent Railroad bonds
were again dull, Notwithstanding considerable
animation in the Reading is, the Texas Pacific
incomes and some others and the total days
business reached only S767, 900. The tone
of the market was still mixed, but was rather
firm i'll the forenoon. with weakening later
in the day. The final changes are as usual
very Irregular, and among the few marked
changes San Francisco Glass B, lost 2 to 113
Government bonds have been dull and
steady. State bods have been dull and with
out feature. The Post says: 1.-THE present
status of the railroad traffic at Chicago war
rants the expectation of increased earnings
for the granger roads IN September and Oc-
tober over the same months of 1885, The
speculative advance in grain in August
caused the holding back of grain in that
| month, but 1t is coming forward now
In the afternoon the exchange market was
weak. partly owing to the free offerings of
bills drawn against the purchase of stocks
for foreign account. This is the first time
for several months when there have been
enough security bills in the exchange mar
ket to have an undoubted effect in depress-
Ing the rates tor exchange, and also the first
time in at least two months when London
has been conspicuous buyer of stocks The
lower rates for exchange, together with the
easier rates for money in London, contrib
uted to make money easier, and in the after
noon all loans were down to per cent The
al sales of stocks to-day were 2Z9, 1872 shares,
including: Atchison, Is, 270; Delaware,
Lackawanna & Western. 10. 1900; Louisville
& Nashville, 22.610; Missouri Pacific, s, 800;
Northwestern, 3042; North American.
$40; Northern Pacific preferred, 7,S15;
Reading, 400; Richmond L. West Point,
1920; st. Paul, 1850; Union Pacific,