St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-23
FINANCIAL.
New York.

725; balances, S4,424.336. Money on call
easy, ranging from IA 10 6 per cent; last
loan closed at s. Prime
firm at $4.slA for sixty-day bills and
S4e6 for demand. The stock market to-
day was somewhat OF a surprise on account
of the ease with which prices were lifted on
light purchases The great liquidation in
Wall street has driven stocks from the brok
ers offices and into the hands Of strong par
ties making a scarcity Of loan stocks i'll the
street. This is now particularly noticeable
upon any attempt to buy, either by
the bulls or the bears, and the raids of the
latter no longer bring out long stocks. and
the small declines caused by the raids are
soon recovered. The market this morning
vices from London. and there were good buy
ing orders i'll the market from many outside
points, Chicago. Boston and even London
taking their favOrites TO q limited extent.
The large traders also, who have been so
bearish during the past two months. were
working for rise, and the offerings being
taken with such ease the traders in general
took the long side Tor turn. Lackawanna
and North American were leaders in the
early advance out their plnces were after
ward taken by the grapgers, Wizards, Louis
vile and specialties. Sugar Refineries was
specially weak throughout the day, and the
strength in the general list was not sufficient
to hold it mp. the Passage of the dividends
were working for lower prices, and different
versions of the reasons for the action were
circulated. with no influence for good upon
the stock. 1t was prominent in all the reac-
TONS and its influence was most prominent
in the last hour, when general reaction
from the best prices Of the day was made,
induced by realiZatlons upon tho advances.
Among the specialties Mobile & Ohio was
the only feature, and the business of the day
was principally in the dozen leading shares,
the rest being COZ paratiyely neglected.
The close was rather heavy. but
sill at fractionally better figures than the
variab]y advances for small fractions but C.
c. G. u ST. L. is up lla. and Pacific Mail l,
while Sugar is off "A. Chicago Gas sold eX-
dividend and retired small fraction. Rail-
road bonds were also slightly more active and
the Atchison incomes furnished 81 1900
out of a total days business of $l.0S3,OO0.
The market was firm, but showed the usual
slight changes, with a fair proportion of
losses: Peoria, Decatur q Evansville frsts
$, to 1O3. while the Long Island frsts are off
S.l2 at 11S. Government bonds have been
dull and firm. State bonds have been dull
and steady. The Post says; There are two
stories in circulation in regard to the
Sugar Trust due Oct. i. One Is that it is con-
ssidered unadyisable 10 pay it, in view of the
pending reorganization into stock COM
fpany. The other is that they had not the
money, and had not had the dividend nor
any part of it. In view of the charges that
the properties put into the sugar trust to
Smake the 500. 0G0, 0Dr of capital were put in
at three times their actual hnlable value. the
latter is much the most reasonable eXp lana-
;tiOn, and if this is the case. it becomes
Spertinent question as to whether the sugar
trust ever earned the 10 per cent dividends
on the S5U,uOU,OO0 Of capital The total
sales of stocks to-day were 26l.5S3 shares,
including Atchison, i2.S1O; Delaware, Lack
awanna Il Western, o149; Erie, 800;
Louisville & Nashville. l2.175: Missouri Pa
cifc, 5,25.: North American, 3l.44O;
Northern Pacific preferred, l,,7U0; Read
ing, a, 700; Richmond Il West Point, 1864;
st. Paul, "a .635 Union Pacific, 1865.