St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-27
FINANCIAL.
New York.

NEW Yosk. Oct 25-Clearings, S13l 49,
$50; balances, So, 1861 q. For the week:
Clearings, S154, 3oS.4i4: balances. S33,-
1893. Money on call easy. ranging from
5 TO per cent; last loan, 3: closed of
cred at 4. Prime mercantile paper, G0s.
Sterling exchange quiet and steady at
S4.- q for siXtyday bills and 81. SO for de-
mand. The stock market Today was a con-
tinuauon OF The depression of the past two
days, but Sugar Retneries took q secondary
position in the market. although 1t stiil led
in the amount CT business done The bear
attack to-day was directed principally against
Union Pacific upon the strength
of the late report of q disagree
ment betv cen that road and the granger
roads with which IL connects and the press
ure to sell the stock was SD heavy that its
price was forced eff 10 the lowest figure
known for years. On the theory that dis
sensiCn IN the West must result i'll damage
TO all the roads in that section. the granger
stocks were sold with great freedom, espe-
cially St Paul which AS second in the ex-
tent of The decline. The trading, especially
in the latter portion of the last hour was
enormous. but the covering of short con-
tracts put out yesterday and to-day in the
leading seocks forced 81 material recovery
from the lowest prices, which were from 10
4ss per cent lower than last nights prices.
The opening of the market under con-
clines from last nights figures of from
ls to l2 per cent generally with exceptional
losses of Is i'll q. c. Z. d st. Louis, ana "a in
Sugar. The temper or the room was bearsh,
however. on account of the disposition of
the nrbitrage dealers to sell the London
favoriteS and the general expectation OF an
unfavorable bank statement. The last
named. however, was genuine surprise i'll
that it showed Il small increase in the sur
plus reserve instead of the material loss ex-
pected, and contributed not little 10 the
final rally. The bears got Immediately 10
work in the Western stocks, and shortly after
/ / O'Clock Union Pacific was down to 45I2,
md IN Ia hnt J.,
for years. The covering then began ana
the trading assumed very large proper
tons, while the recovery in everything
traded in was sharp, most stocks regaining
nearly all the early loss. Chicago Gas. Rock
Island. AtchisGn, North American, North
ern Pacific preferred and Louisville & Nash
vile were all prominent for their wide fluc-
tuauons, but only the first named showed
fineries was active, and. while ii was forced
off to 80 against 67l2 last evening. il met
with good support and closed with net
loss of only l2 per cent. The final dealings
the list. and the close was active and strong
at the improvement. The list is all lower
but the losses, except in Union Pacific,
which is 2ss lower, and St Paul IA and
amounts only. Silver certificates were
again extremely weak and retired to LOB,
but recovered with stocks to lu4 at the
close which, however. is loss of | "A. Rail-
ICuu JULIUS 4dJted W sAlOH any Va lue dCllNIly
or the weakness Of stocks. and the usual
slight changes with steady tone marked the
moderate business done. The sales reached
5000. 200, bot there was no feature and while
Northwestern debentures rose .12 TO l. Il IL,
and Morris d Essex consuls 2 to 40, Panse
cola and Atlantic tirsts lost 2 at LOB Gov
eminent bonds have been dull and STEADY to
firm. State bonds have been neglected.
The exports of specie from the
port of New York during the week
amounted to S40,9S9. of which S35, 7S9
was in gold and 50. 200 silver. The imports
of specie during the week amounted TO S4l2,
252, of which S2,425 was III gold and S409,
727 in silver. The Post says: The bears
ruled the stock market the greater part of
this forenoon. and in their attack on Union
Pacific were aided by dispatch from san
Francisco saving that there had been twenty
cifc lines, and that the whole road was prac-
tically wreck. The same dispatch, however
admits that The traffic is so enormous that
the Union Pacific can't spare the rolling
stock to be taken into the shops for REPAIRS
The story OF the bad condition of the road ap-
pear to be only part of the fight between the
Union Pacific and Northwestern on one side
and the Rock Island, ST. Paul and Burling-
ton on the other, The latter being displeased
| by the Union Pacific's demand for larger
percentage in the division of rates on through
business. The total sales of stocks to-day were
242, 7shares. including: Atchison, IL, 500 :;
Delaware, Lackawannn & Western, 1925 !;
| Louisville d Nashville, l3, so; Missouri
| Pacific, $3.50; North American, 10, 4p7;
Northern Pacific preferred, 7.I7O; Reading,
| 1880; St. Paul, Sd. $50; Union Pacific,
| $3.50.