St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-15
FINANCIAL.
New York.

NEW YORK, Nov. 14.-Clearings, $780,,
7O9.53S: balances, S4,197, O6o. Money on
call easier, ranging from to IL per cent;
last loan D, closed offered at 3. Prime mer-
camille paper, Gas. Sterling exchange quiet
and steady at S4.79 for sixty-day bills, and
81. S5l2 for demand. The stock market to-
day was much less active than for q week
past the general list being comparatively
dull. with small fluctuations, and practically
devoid of feature. There was, however no
lack of animation in a half dozen or more
of the leading stocks and their fluctuations
were as large as usual, the prevailing ten
deucy being downward. The cause for the
renewal OF the nneaslness in the market was
to be found this morning in the dispatches
from abroad, which reflected a less confident
tone than for the past two days. and indi-
Gated that the squeeze for money ON the
other side was by no means over. Here the
money telegraphed from San Francisco yes
terday and to-day, aggregating $780, 600,
gave much easier tone to the money mar
ket, and while funds Oh call were run up to
II per cent at one time loans were made as
low as 4, and the final one at 5. The do
nestle news was rather of an encouraging
character, but the movements in the market
were again principally owing 10 the opera
tions of the bears who took advantage of the
cessation in the disposition to buy for q rise
which has been so pronounced for the past
day or two. There was however buying OF
an excellent character and the general list
showed its effects. London prices were gen
orally lower than ours of last evening and,
with the news from the other SIDE encour-
aged demonstration against few stocks at
the opening, which was very irregular, and
with marked losses in a few stocks. among
which Louisville & Nashville with a loss of
2 per cent, Union Pacific with IA, and
Atchison and c., c., C. d st. Louis with Is
each were most conspicuous. Western
Union and North American were the only
really strong stocks on the list, the former
opening with gain of ia per cent and the
latter rising in the early trading from Up to
ID. A severe drive was made against Pacific
Mall with the first sales and it was depressed
34s per cent, the decline being accompanied
by vague rumors, but about which nothing of
definite character was developed. The
stock later seemed to have good support and
made substantial rally. The great feature
OF the forenoon transactions, however, was
the weakness in LackaWanna, for which
there was no explanation, and the opinion
was that Its friends who have been standing
under IL SO long had quietly left it off with
the remainder of the list. It's decline was
almost continuous and in the afternoon it
touched l.31l2, from which it recovered
only IS per cent, against 1.364 last evening.
North American for the first time In many
days seemed TO be the most prominent
stock on the list, and for some time
it was comparatively neglected, while the
transactions in it during the day reached
very ordinary figure. The early advance was
not held, and it slowly drifted back to the
nelghborhOod of J l. There were 10 new de-
Inc company or the men who are most prom
1nent in its affairs. The feature of the later
dealings was the heavy selling of Northern
Pac1hc preferred, which from u declined
10 o. and, like Lackawanna, rallied only a
small fraction. The general impression was
that most of the selling came from parties
who held 1t as collateral for loans and who
bought 1t in at the exchange. The bears,
however, were very active in the stock and
the transactions ran up to The largest
figure yet. There was good buying
order i'll the common, which kept it steady
throughout the day. Sugar Refneries again
pobbed up in the afternoon with sharp
drop, and all the leading Grangers were walk
with Louisville d Nashville, of which there
was considerable sold for foreign account.
The market continued to settle down slowly
and steadily, and finally closed active and
weak at or near the lowest prices of the dav.
The final changes are all Ill the direction of
lower figures, ever the strong stocks of the
forenoon failing to hold any of their i'm
provement. and Lackawanna is down 4 sR
Louisville y Nashville ga, Union PaciHi 2s4.
Sugar 25s Northern Pacific preferred 2Ss,
Jersey Central ana Canada Southern each
IA AtchiSon 15s, st. Paul 1ss. Wheel
lington d Quincy lis and New Eng
land. Rock Island and Chicago Gas each i
per cent. There was much larger dealings
Ill the speculative bonds to-day. and for that
reason the total sales of all issues were run
up to 1868, 900. OF that amount Northern
Pacific 5s, which displayed a much frmer
tone than for the past few days, although
they failed to advance any, furnished S527,-
600; Reading Is, $4,000: Kansas & Texas
Is. Sl65,O 900; Texas Pacific rs, S163. QUO:
Reading is, $4,000, and the Rock Isladd
5s $4,000. The pressure upon these issues
gave the list heavy tone again and material
losses are more numerous tonight. Rock
Island 5s lost Us at 9Sls; Louisville. New
Albany Chicago consols, at 81: Reading
4s, at ~. and the Is ) at Sd. Government
bonds have been dull and heavy. State
bonds have been entirely neglected. Petro-
and sagged off slowly until the close. which
was dull; Pennsylvania oil, spot sales at
72s4c; PENNSYLVANIA oil, December options,
opening. 13lsc; highest, 73lsc; lowest.
I5ssc; closing, 727sc. Lima oil at l6I2c.
The Post says: The temper of the stock
market experienced an entire change to-day
from Yesterday, and the change was dis
unctiy the result of the less favorable aspect
of affairs in London, together with the con-
unued high rates of interest which are