St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-27
FINANCIAL.
New York.

oss, 3a3; balances. S5,53s. 73s. Money on
call easy, ranging from 3 TO per cent; last
loan 3l2: closing offered at 3l2 Prime
quiet and steady at S4.S0l2 for sixty-day
bills and Sl.S4la TOR demand. The stock
market to-day was as usual of late, quiet to
dull for the general list but active and weak
for the few stocks in which the bears are
making special efforts with hope of start
ing liquidation in the rest of the list. The
feeling to-day was rather mixed. and it is I'M
deniable that some of the weakened bulls
lost courage from the readiness with which
such stocks as Atchison. Union Pacific and
some others have yielded to the pressure.
The general list, however, while dull, dis
plays the same old firmness, and even adj
spends very slowly to the special attacks
upon certain stocks. The undertone is I'M
doubleday strong. and prices show DISPOSE
ton to seek higher level whenever the bear
pressure is removed, The news of the day
was rather of an encouraging nature, the
signing of the Colorado Midland deal and
The practical completion of the tariff bill
being most influential factors. The opening
was lower all around. with Sugar down ia
per cent, and while that stock was ad
vanced 2 per cent after fractional
further decline it failed to reach
its last nights price at any time
during the day, and also failed to hold
it's recovery and closed with a material loss
for the day. The general list was pressed
for sale in the forenoon. with the Atchison
and Louisville leading. but the losses were
generally small fractions only and later in
the day there was not only no pressure of
any account. but considerable buying for
the short account and for a rally. Pacific
Mail is the weakest point dropping 1ss, but
back to the lowest point again. The market
finally closed dull and steady TO firm. gener-
ally at about the level of the opening prices,
and final changes therefore are generally for
slight losses. Pacific Mail is down IA
Sugar Refneries and Louisville d Nash
| vile each Ss, and Union Pacific
per cent. Railroad bonds were again dull,
and throughout the day sympathized closely
| with the tone of the share list, heavy feel
| ing prevailing most of the time. The sales
| amounted TO SS59,OO0. and the Atchison
| issues were again prominent in the trading,
| the increase furnishing $4,000 to the total,
| and while they were weak no other issue
scored more than fractional loss. The
| changes in the rest of the list were on the
| usual small scale. Government bonds have
| been dull and steady. State bonds have been
| dull and barely steady. The Post says: 1.-The
| advance in the rate of discount to-day by the
Imperial Bank of Germany is understood
to prevent gold. going from there to
London There b. rs,, is bhoweye5 no b., doubt
| tinent; it has been SO for the last four
| months. but is not SO much SO now as a few
months ago. The immediate cause of the
| advance in the Bank of England rate of dis
| count yesterday was the movement of gold
| to Lisbon, and 50 far as the general financial
! prospect is concerned, it is somewhat en-.
couraging to know that the movement OF
| gold to Lisbon is due to a political rather
| than commercial cause" The total sales OF
| stocks to-day were 143, 316 shares. including
Atchison. 39,915; Delaware. Lackawanna 4
Western, $500; Louisville & Nashville
| 17.12S; Missouri Pacific. 6, 100; North Amer.
| lean, 1920: Northern Pacific preferred
| = 90. Pacific Mail 30Z5. READING z 900
st. Paul, 1910; Union Pacific, 1925.