St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-12
FINANCIAL.
New York.

NEW YORK. Oct 11.-Clearings, 1852. $685.
SIG: balances $4,s6l.6o9; for the week,
265 Money on call easy, with no loans,
closing at Dig per cent. Prime mercantile
paper, 5s4@712. Sterling exchange quiet
and steady at 81. la for sixty-day bills and
S486 for demand. The stock market was
dull to-day. with slight fluctuations as a rule
and the final changes, while generally in the
direction OF lower prices are slight in all the
railroad stocks. The opening was made
nights figures and while the trad
ers were inclined to discount an I'M
favorable bank statement causing slight
losses in the early trading, the general temper
soon became strong and fractional advances
were scored with Union Pacific, Burlington
and the Wheeling L. Lake Erie stocks most
prominent for strength. The demand was
not sufficient to sustain the improvement,
however, and the sales of the traders ON
dull market again developed the downward
tendency, which, however, made but little
progress until after the publication of the
bank statement. There was then more posi-
tive selling movement, and the final dealings
were marked by more activity and a very
weak tone Sugar Refineries was the only
really weak point in the market, some
heavy selling being done. for Boston
fore the close of business. A few stocks like
Union Pacific and one or two others were
well held, but the majority of the railroad
list were brought under the opening figures,
est prices reached. The only important loss
was Sugar, 1ls per cent Railroad bonds
were quiet, the sales reaching $4,000, and
firm tone prevailing. Government bonds
have been dull and firm. State bonds have
been dull and steady. The exports of specie
amounted to s447, 563, of which SAT, 562
was gold and S40o,OuO silver. The Imports
of specie at the port of New York last
week amounted to $685. 3Ol. of which
4,999 was gold and S7s.3O2 silver.
The Post says: 1.-THE bank statement showed
a loss of IS, 355,975 in the reserve, the de-
crease in specie being SS,7l7,s 500 and the de-
crease of deposits S6.273, 700, indicating
that specie had been largely drawn out of
the banks for some purpose. In this connec
ton it may also be mentioned that the i'm
ports of dry goods at the port of New York
were exceptionally large this week, the
amounts entered for consumption, together
with the amount withdrawn from ware
house. thus making the total thrown upon
upon the market 81, IL .0OO against So 972,-
the corresponding week in 1889. The bank
of S4,954, 100 in the loans, which
amount makes the loans Just 100
per cent of the deposits. against 81 per cent
| in the week TO Oct 4, 1854 in the week to
Sept 81. 100l2 in the week of Sept. 20, and
| l02l2 in the week to Sept. 13. This, how
| ever. still leaves the banks with all ample
surplus reserve of 49, 155. 225 above the legal
requirements of % per cent, as compared
with deficit of .S7US,O25 below the 20 per
cent at this time last year. The total sales of
| ing: Atchison, $40; Delaware, Lacka-
wanna & Western. S.O23; Louisville & Nash
| vile, 8, 100; Missouri Pacific, $3.50; North
| American, 1860; Reading, A. 200; Richmond
| & West Point, $50; st. Paul, IL $50; Texas
Pacific, 2,035; Union Pacific, 5000.