St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-30
FINANCIAL.
New York.

new HOrhs
New YORK Oct 29.-Bank clearings, SI25..
469,t30; balances. S5,6I7,3i6 Money on
call easy, ranging from 3 to 6 per cent; last
loan j; closed offered at g. Prime mer-
camille paper 6t0S. Sterling exchange quiet
anC easier at 81. S084 for sixty-day bills and
Sl.>5& for demand. The stock market to-
day showed no material change in It's general
characteristics from those OF the past few
days, and there was the same professional
tr ding, the apparent willingness of the
large holders of stocks to let them take care
OF themselves, and the same disregard in Its
movements OF the influences which should
legitimately tend to the enhancement of
values. The general list, as usual, was dull
and comparatively staynant, while the eff
forts of the operators for a decline were di-
rectly applied to a few stocks which proved
specially Vulnerable, and i'll these shares ma
terial losses were suffered. Again, the falsity
of the stories of financial difficulties in Lon
don were disprOved by the passing off of the
settlements without failure of any kind. al
though it was stated that assistance had to be
accorded III some eases. London. however
was not factor in any way in this market,
and the operations for London account were
few and confined to arbitrage operations al
most entirely. On the other hand, Boston
was heavy seller, and the stocks in which
it is most interested were special
Is weak. The announcement of the de-
crease in the net earnings of the Burlington
Tor September was followed by sharp attack
brought prices down to the lowest of the day,
and in many cases 10 the lowest seen in
months. Sugar Refneries, after a sharp up
ward movement in the forenoon, which
seemingly had the effect or postponing the
attack upon the general list until the after
noon. remained dull and reatureless, but was
held at the best prices for the remainder of
the day. Chica-O Gas fell away in the fore
noon about | per cent, but the announce
ment of the decision from Chicago that the
IN nm or tn hnlA h.,
sto, ks of the other companies was re-
ceiyed with apparent Indifference.
and the stock recovered all of
Its loss with the remainder of
the list. st. Paul was one of the weakest
stocks and showed less recuperative power
than the rest of the grangers notwthstand-
ing the favorable news from the West. The
latter. however, was of some influence upon
Union Pacific which was we'll held in the
forenoon and later displayed considerable
strength The cpeningNwas made at irregu-
lar changes from last nights figures and the
early trading developed a continuance of the
depression OF last evening, but the sharp
rally i'll Sugar carried the list along with it
and but little further weakness was seen dur
ing the forenoon. The raid upon the grangerS
after IL o't lock, however. took the vim out
of the market and the lowest prices of
the day all along the line we're reached
at about p. M. and when the pressure
was removed dizziness and stagnatiou were
the features until the last hour, when cover
Ing or shorts again moved prices up, and in
most cases the final figures are only slightly
below those of the opening, The close being
firm at the Improvement ST. Paul touching
5h7s, closing at 565s a loss of r. and North
ern Pacific preferred is Off l per cent. The
remainder of the changes are generally small
losses. though Sugar and Union Pacific are
both tractionally higher. Railroad bonds
were more active, but out of the Sl,571 800
of business Texas Pacific DDS furnished
S21O,O0O. The latter were weak through
out, and the. general market displayed a
heavy tone, though, while there are ma
jorlty of losses, the rinal changes are
still generally for insignificant amounts
Government bonds have been dull and
steady. State bonds have been dull, and
without feature. The Post saws: Money
was tight in Boston to-day, and for that as
well as for other reasons. Boston was seller
of stocks. The selling extended also to the
copper stocks and the local securities The
announcement that the S9.0uu,00O of Ore
gon d 1ranscontinental bonds due on Satur-
day. Nov. /. would be paid upon presenta-
ton ON Friday, the 31st, did great deal to
relieve apprehensions of pinch in money
on Friday tor loans to go over until next
held over until Saturday (Which is not
a day when loans are renewed to
any extenD it would have with
drawn that large amount entirely from the
market from Friday until Monday. There
are, however, various indications that money
will soon be much easier in this market The
return of currency from the interior has GER
tainly begun, and we hear of one bank
Fourth Nationally which in the last two DAYS
has received $500 900 from the interior.
The total sales of stocks o-day were S24, 644
shares, including: Atchison, 2,I.490: Della
ware, Lackawanna & Western, q, 5OO: Louis
vile & Nashville, 16.762; Missouri Pacific,
5,O35; North American: 1920; Northern
Richmond & West Point $3.50; st. Paul,
30. 1853; Union Pacific 1850