St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-31
FINANCIAL.
New Work..

NEW DIRK, Oct. 3O.-Bank clearings, 1924
169,os7; balances, S5,S4 ,7uS. Money on
call easy, ranging from to per cent; last
loan -: closed offered at 3. Prime mer-
camille paper 6@S. Sterling exchange dull
but fairly steady at S4. ~ for sixty day
bills and S.. 5l4 for demand. The stock
market to-day was again in the main wait
ing one, The principal object of interest be-
ing the argument on the suit for the appoint
ment of receiver for the sugar trust, and
while there was no lack of activity in the
granger stocks, the general market was dull
and without feature. The market was moth
ing in the main but an effort to cover shorts,
but the evidence is that there was little sue
cess attending the attempts. TIE London
market came materially lower this morning.
Our opening Was made at Is 10 IL per
cent lower than our last nights prices
while Louisville q Nashville was down rs.
I he bears ignored the lower London market,
however, and went IN to cover with q vigOr
unknown of lale, and during The continue
ton of those operations, which consumed
the entire forenoon, prices III the active
STOCKS. which comprised The grangers, Union
Pacific, Louisville d Nashville, AtchiSon,
Lackawanna. Sugar Ref cries and Chicago
Gas, moved up sharply at times. There was
said 10 be news from private sources of
favorable nature regarding the Western rail
road situation, and advances of from " TO
lI2 per cent were scored in the railroad
stocks, while Sugar was lifted TO t96s
against q. "A last evening The news from
the arguments before the cour: in the
afternoon. however, created bad effect
in the afternoon, and Sugar was ratified
off to 65l2, and the whole railroad list
followed, The early gains being entirely
wiped out in most cases. Chicago
Gas was the one exception to the rule and it
stands alone in closing with material gain
for the day. Late in the day the news that
the decision WAS reserved but that a modifi-
cation permitted the publication of the reor
ganlZation plan created favorable effect;
and that plan being regarded as favorable.
there was u material rally i'll the last hour in
Sugar. The railroad list failed to respond,
however. and the close was rather heavy at
close to opening figures. One of the features
OF the day was the manipulation IL Illinois
Central upon the issue of the report of
earnings for the past three months showing
down to 97l2 and, considering the limited
business done i'll the stock, the offerings of
seller siXty-days options were unusually nu-
merouS at about per cent below the mar
ket. 1t closed at %, q loss of la per cent
for the day. The strong spot in the special
ties was Canadian Pacific, which. however,
had been opened off per cent, and recov-
cred only nalf the loss. The final changes
are irregular. but generally for small frac-
tons only, but Chicago Gas was up lel per
cent. Texas Pacific IDS were again the feat
ure of the trading in railroad bonds, and,
while their fluctuations were confined to
total days business of Sl,37l, 900. The gen.
erdl market was rather heavy, but there
are the usual slight changes this
evening. The important ones, however,
show a majority of losses. Houston & Texas
first certificates are down at LIP. Gov
eminent bonds have been dull and steady.
State bonds have been dull and steady. The
Port says: Exchange was l2c on the pound
lower this morning. which some people .ndi-
Gated the buying of stocks for London ac-
count private cable from London said:
Investors are the principal buyers in to-
days market The SPECTATORS are Cha
grined over the fact that a finn, which was
i'll trouble and which is SAID to have backed
the stock syndicate did not fail" Money is
still tight in Boston, but 1t is a notable fact
that exchange on New York is still at a pre-
MUM there. Money is also tight in Chicago
and exchange on New York is still at dis
count Nevertheless, there is no doubt that
money IS returning to New York from var
ious quarters, and the bank statement OH
Saturday is expected to show that fact.
The total sales of stocks to-day were 2S4,-
5o9 shares, including Atchison, 1851; d.
L. d W., II, 90; Louisville d Nashville,
1s,s1O: North American, 9.3Uu: Northern
Pacific preferred, 1851; Reading 1850; ST.
Paul. 4l.6S6: Union Pacific, 5000; Den
yer d Gulf, lS,2UO.