St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-19
New York.

NEW YORK, Sept. 1S.-Money on call easy,
ranging from 3 to 6 per cent: last loan 3;
closing offered at q. Prime mercantile paper
1@9. Sterling exchange quiet and firm at
"a. SOLE for sixty-da bills and ST.. 941a for de-
mand. The total sales of stocks to-day were
224, o5S shares, including: Atchison, TO-
725; Delaware. Lackawanna d Western, 3d.
800; Missouri Pacific, $500; North Amer
lean, 1900; Northern Pacific preferred,
10, $50: Reading. SO %; Richmond d. West
Point, 1925 :; st. Paul, 29.995: Union Pacific,
6,1OU. The stock market was quiet and ir-
regular i'll its movements, but displayed
firm undertone, and Notwithstanding the
bear pressure displayed most promin-
ently2in the grangers the impression made
upon values outside of ST. Paul was insig-
nihcant. The buying was steady throughout
and the market was active only when the
bears endeavored to get prices down by short
sales There is a great deal heard from the
Shorts now about the liquidation which must
come upon any rise in values, but it seems TO
attract little attention, and while the army of
buyers is not large at present. the growing
ease in the money market is expected to de-
yelopit soon. and the indications are that
the short interest," which evidently has not
been seriously diminished by the late decline,
must inevitable furnish a stimulus to any
rise which may come The purchase of the
4 per- cents, most of the funds from which
will come 10 this city, was the last final blow
to the manipulation of the money market,
and while operators are slow to take hold. the
return of confidence must in the near future
create not only q wider and more active mar
zket. but Il, Improveme Mt in values as we'll.
Talk is already heard of gold imports. not
withstanding the cry that there would be no
cereals for export. but the fact that there is
still large surplus left over and only one
country in Europe has over an average crop
renders demand for what we have 10 sell a
certainty, and that at materially higher fig
ures than were prevalent a year ago. ST.
Paul was selected as the special point Of at
tack, but it yielded only 13S per cent ON the
rumOr that the payment for the Milwaukee
d Northern would be made by an issue of
new stock. The efforts 10 get prices down
met with no success in the remainder of the
list, however, and before noon strong tone
was again developed, which continued with
out interruption for the rest of the day.
The bulls took Lackawanna, Chicago Gas
and some specialties in hand and in those
marked. The feature of the late trading was
the strength in the Rio Grande stocks and
Mobile 4 Ohio, the latter rising Der cent,
and Rio Grande Western 4l2 Slight recess
slons took place toward the close of business,
but they were generally recovered and the
market finally closed firm to quiet at or
nearly the best prices of the day. Almost
everything traded in is higher this evening,
and sugar is up 2S4, Chicago Gas 21S, Bur
Hneton l rs. Lackawanna 112, and New Eng
land js. Railroad bonds were more active
than usual of late. The sales were S976, OOO
but ont of that amount S217, 900 in Atchison
direction of higher figures, but only slight
gains were scored as q rule. Reading is and
Richmond West Point Trust IS are con-
splcuous for strength but no feature is to be
noted. Government bonds heavy. State
bonds steady but dull.