St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-08
FITZGERALD & SMITH
COMMISSION MERCHANTS,
S24 Jackson Street. Gilfllan Block.
GRAIN, PROVISIONS, STOCKS, COFFEE
AND COTTON.
wWIREs DIRECT.
FINANCIAL.
New York.

NEW YORK, Sept. 6.-Clearings, $115,-
3S2.996; balances, IS, 425, 1893. For the
week, clearings, $3.50, 421, 1884; balances.
s26, 800, 1877. Money on call easy. ranging
from to per cent; last loan 4, closing
at 4. Prime mercantile paper in limited
at 1909 per cent. Sterling exchange
quiet and steady at $4.S215 for sixty-day
bills and S4.S6 for demand. The stock
market to-day was still intensely dull,
and the making of quotations was again
given up to the bearish traders, who
were inclined to go slow, however.
The expectation was that the
bank statement would show fur
Their reduction in the surplus reserve
and the hope was not disappointed. the
deficit being now over S1,000,000. The
opening was dull, tame and heavy, and
first prizes were generally from e to g
per cent lower than last nights figures,
but the changes In the first hour were
very slight, and even the weak stocks
showed no marked weakness. Later,
however, the pressure became stronger,
and in Illinois Central, Milwaukee,
Lake Shore q Western and Burlington
d Quincy material losses were SuS-
tanned. Illinois Central became active,
and declined from 1918 to 1861, Bur-
lingtOn from 991 to 9S14, and Milwau-
kee, Lake Shore u Western preferred
from 10719 to LOG. The rest of the list
followed, but the other changes still
remained slight, and generally with
out significance. Even the truStSSwere
stagnant and showed no feature what
ever, The market finally closed dull
and heavy to weak at the lowest prices.
which in most cases were only slight
fractions under last nights figures.
Milwaukee, Lake Shore g. Western
preferred, however, is down per cent,
and Illinois Central and Burlington,
after slight rallies, "a per cent each.
Railroad bonds were dull, as usual, and
the only feature of the day was the con-
tinued strength in the Colorado Mid
land tours, which further advanced
7211s. a gain of 21a. while the usual stag
nation rested on the rest of the issues
traded in. The sales were only s4O2,-
Mldlacd tours. Government bonds dull
and steady. State bonds neglected.
Exports of specie from the port of New
York during the week amounted to
$4,000 of which S262O was in gold and
100000 in silver. The imports of specie
for the week were 1899, 925, of which
1866, 405 was gold and 1914, 521 silver.
The Post says: There has also been
disappointment in regard to the effects
of the bond and silver purchases of the
treasury In releasing money. Those
who have made elaborate calculations
upon the figures of the monthly state
ment of the treasury, claim that all the
silverlpurchased so far has only put
s1.300,00O of the new treasury notes
into circulation, partly because
the new notes are issued in
denominations too large for use;
also that all the bond purchases in Au-
gust to the amount of over $50, 100000
only resulted in the actual disburse-
ment of about SCI, 100000 up to Aug. 81,
and. finally, that the net addition to the
circulating capital Of the country from
these disbursements in August was only
little over $5.OOO,OO0. The imports at
the port of New York have fallen off
very greatly in August. but the treasury
is still an absorber of money. The
total sales of stocks to-day were 56,961
shares, including: Atchison, $500; Della
ware, Lackawanna & Western, $500;
Louisville & Nashville, 2,1OO; Missouri
Pacific, LOO; Richmond & West Point,
l,Sl0; st. Paul, 1920; Union Pacific.
$3.50