St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-03
FINANCIAL.
New York.

New YORK. Oct. 2.-Clearings. $40, $685.
SO5; balances, ST, $50, 292 Money on call
easy, ranging from 3 to 5 per cent, last loan
4Ia, closing at 4l2. Prime mercantile naper.
firm at at SI.S1l2 for sixty-day bills and
81 S6I2 for demand. The stock market to-
day has been duller and more stagnant than
on any day since before the monetary strin
gency, and, as far as the course of prices is
an Indication, both sides are again waiting
for developments with the usual accompani-
ment of dizziness and its alternate of
bear attacks upon the unprotected spots
expressed that we have not yet begun to feel
the real effects of the heavy treasury dis
bursements of the past month. and when
that money really seeks investment a large
proportion of il must go into railroad stocks
and bonds Railroad stocks to-day, however,
were very uninteresting there being appar-
emily no influential interest at work that
could make any impression upon prices i'll
either direction, and while. as usual. the dull
ness induced the traders to take the short
side late in the day, the fluctuations were
confined to the smallest fractions. The long
delayed publication of the Burlington d
Quincy earnings for the month of August
occurred today, and as expected,
those of last year, the decrease
being S349, 900. The effect seemed to have
been pretty we'll discounted, and after a
fractional rise, made in all probability to
sell OH. fractional recession occurred
There was considerable selling of Sugar Re-
fnerieS during the forenoon, and decline
OF nearly per cent was brought about not
withstanding the passage of the new tariff
law, but rumors were afioat that the interest
would not be paid. as the money has been
lost on suits, etc. The bears made the loss
in earnings on the Burlington, the occasion
Of an attack upon the grangers in general,
and incidentally upon the general list, but
while Burlington lost 112 from its best
price, Rock Island suffered as much, while
Sugar, which had been very weak in the
forenoon, showed considerable recuperative
power and rose fraction. The dealings on
the whole were without feature of interest,
and the close wns very dull and heavy to
weak at about the lowest prices of the day.
The final changes show majority of losses,
but they are for the most part small frac-
tons, the only important ones being Pacific
Mail ss and Sugar / Y, while Wheeling &
Lake Erie preferred rose lis per cent and,
with Chicago Cas- was the only stock show
ing any real strength throughout the entire
day. The railroad bond list was slightly
more active than usual Of late, but there was
the usual slight changes even among the act
i've issues. Only i'll Houston d Texas gen
4ls per cents were there any move
ments of importance both being
weak in the extreme The total shares
reached SSH 900, ont of which Atchson
incomes furnished 1882, 900, and the Texas
Pacific second incomes S12O,O0O Govern
ment bonds have been dull and steady.
State bonds have been dull and steady The
Post says: The. rates for exchange were
higher again to-day, and very little more
advance will probably result in some exports
of gold. There would be nothing unusual
in this, as renewal of gold exports has oc-
Cured for two years past i'll October or No.
vember. But this year there appears to be
reason for expecting some larger gold ship
| ments than usual. owing to the recenl large
| decrease i'll metallic reserve of the Bank of
| England. There has been rather unusual
| withdrawal of coin FROM the Bank of En-
| gland since the middle of September, for
| circulation in Scotland and other parts
| of Great Britain, bull the greater fact is the
Withdrawals of gold for South America.
| which have PROBABLY been something like
| 9l,500,00O, or say from S7,O0OOO0 to
| $4,000. 900 in the last four weeks. These
heavy withdrawals of gold have caused a
| good deal of uneasiness in London. The
| evidences of this uneasiness were manifested
| IN the sudden advance paid here for cable
transfer to London on Tuesday, showing that
| there were apprehensions in regard to the
| settlements in London on Oct. l. But the
fact that the Bank of England did not ad-
| vance its rate of discount to-day is evidence
| that the governors of the bank do not regard
| the situation as being So serious as might
| otherwise be inferred. The total sales of
| stocks to-day were 166, 466 shares, includ-
ing: Atchison, 1870; Delaware, Lacka-
| wanna & Western. 8, 1856; Louisville & Nash
| vile, 3,616; Missouri Pacific, 4, 100; Read.