St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-11
FITZGERALD & SMITH
COMMISSION MERCHANTS,
324 jackson Street. Gilfllan Block.
GRAIN, PROVISIONS, STOCKS, COFFEE
AND COTTON.
~WIRES DIRECT.
FINANCIAL.
New York.
WWIRES DIRECT.

New YORK, Sept 1O-Bank clearings to-
day, Sl15.6l1, l46; balances. S., 500, 946.
Money on call tight. ranging from 5 to- II
per cent; last loan, ) per cent, closed offered
at4. Prime mercantile paper 5@7 per cent.
Sterling exchange quiet but steady at Sd. S1s4
for sixty day bills and $4.SlA for demand.
The dizziness in the stock market has been
most marked to-day, although in the few
the attention paid them by the bears in their
efforts to get prices off were comparatively
active and showed considerable movement
while in, the general list stagnauon was
of yesterday was still in progress
at the opening of business and materially
higher figures were reached in some cases,
but the confidence in the future, which has
not sufficient to continue the buying until
prices had been put upon materially higher
plane. Ra ties for money were still abnor-
mally high and served to check the propensity
to invest upon the long side. but the news
that large amounts of the 4 per cents were
being presented for payment of the interest
and stamping put a damper upon the ag-
gress1yeness of the bears as The afternoon
wore along. There was no news of char
acter to have any material influence upon
the course of prices, and after the first demand
had been satisfied prices settled back again
and dullneSS and stagnatiOn soon OverSpread
the whole market, even the leading stocks
being quiet and motioness with the rest of
cago Gas had compromised its differences
with the city. but had had TO reduce the price
OF gas from Sl.25 to 81 per 100. This was
OF such neutral character that it took all
the life out OF the stock, and from the lead
ing active specially it subsidized into the most
profound dizziness, with no movement i'll
either direction. The ST. Paul earnings for
the first week in September were well re-
ceived, and the effect was similar to that in
Chicago Cas- but the pressure was still kept
up ON Burlington d Quincy and in the
afternoon that stock was hammered
down to something below its opening fig
ure. The industrials were almost neglected.
The general list developed no features of in
terest throughout the day and the close was
dull and heavy at close to the lowest prices
of the day. the declines being for fractional
amounts only and "a per cent the limit. The
earnings continue to make an excellent
showing, and reports in to-day for the first
week in September show the following per-
centages of increase over those of last year:
st. Paul, 2; Iowa Central So: Wheeling q
Lake Erie. 2SS4; Milwaukee d. Northern,
81; Northern Pacific, 2; Toledo, Ann Arbor
North Michigan, 20; and louisville, st.
Louis Texas, So. Railroad bonds were
little more active, though large sales of Ore
gon Trans Continental IFS in the last hour.
make up the total to $e22,0Oo for
Irregular and while the general list showed
only slight and insignificant change the
lar. Government bonds have been dull and
heavy for the As. State bonds have been
dull and heavy. The Post says: up to 2:3O
o'clock over S12,750, 900 of the registered
per cent bonds had been presented at the
United States subtreasury in New York for
the prepayment of the three quarters interest
due respectively on Jan. !, April 1 and July
l, 1891, thus calling for 1882, 500, whic l
would otherwise have been held in
the treasury. until the dates mentioned. The
payment of the quarters interest due
Oct. l had already been provided
for by checks payable on September %, and
so makes the payment of the nearest quarters
interest come after that of the other three.
But judging from the disbursements at the
New York subtreasury to-day, the total
amount of interest now coming out of the
treasury is approximately Sl,O0O,000 per
day, and there is reason to expect that some
thing like this rate will be continued until
the whole of the annual interest on the
S5O5, $500 of the registered 4 per cents,
amounting TO over $2O,0OO,OO0, has been
paid The total sales of stocks to-day were
log. 372 shares, including: Atchison, 7,9 JO;
Delaware, Lackawanna & Western, 1900;
Pacific Mail, 1925; st. Paul, 7,40O; Union
Pacific 3,642.