St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-03
FINANCIAL.
New York.

NEW YORK. Nov. bank clearings, $751;
3 5,2lO; balances, S6.S5 1868 For the week:
ClearingS. s. 8 ,139. N67: balances. $50. 49,
E2l. Money on call easy, ranging from to
per cent; last loan 4: closed offered at 4.
Prime mercantile paper 6@S. Sterling ex-
change quiet 0Dd barely steady al 81 stl5
for sixty day bills and SI.s4s4 for demand.
The trading III the stock market to-day was
like that of yesterday, professional, only
with the same activity and prominence in
Sugar Refneries and Reading, while the
general list WAS dull and stagnant, or
taking taking What What , little tone was dis,
two leaders. The holiday in London and
the approaching one in the country tended
10 make things dull, and the amount of bust
ness done in the other stocks was inSigniti-
cant IN the extreme; The opening was made
at Irregular but slight changes from last
nights prices and in the early dealings some
firmness was shown in the grangers and Chi
cago Gas, but this soou gave way to a droop-
ing tendency. owing entirely TO the weakness
In the two leaders. The reservation of the
decision in the sugar case was interpreted as
nnfayorable to the Interests of the certificate
holders. end the traders and professionals
sold the stock down from "a " last evening
TO u IL. 7 he same sort of pressure was ex-
erteu against keading, though there was
q pretense that long selling had been
detected, and from 35A 1t settled
down to 81 lac. The bank statement was
issued unusually early, however, and il
plus reserve by which it is again lifted above
the requirements of the % per cent rule, and
the traders then went in 10 cover some of
their short contracts put ont earlier i'll the
morning, with The result or causing a partial
rally ali along the line, and Sugar rose about
] per cent and Reading "a, while the losses
in the remainder of the list were nearly
wiped out The close was dull, but firm at
the Improvement. The final changes are
generally III The direction of tower figures,
but Sugar aud Reading arc the only ones
showing any loss of importance, the former
being down 2$s and the latter
1.,r, per o, cent Railroads bonds were
the most attention being paid to the Kansas
& Texas issues which displayed some
strength, but the general list was rather
heavy and the Important final changes are
generally declines. The sales reached So o.
600 Reading I'd incomes lost "a at 421s
Government bonds have been dull and
steady. State bonds have been entirely ne
elected. The exports Of specie from the
port OF New York during the week amounted
and SiS2752. The imports of specie for
the week amounted to SlS7.50S. of which
S29. I43 was in gold and S247, 765 silver
The Post says: To-day was a holiday in
there TO have an Influence on this marked
But SO far rs concerns the financial situation
there. and the disposition to deal in Ameri-
can stocks there Is reason to believe there
has uecN IL Htrkeu improvement IN the past
week. a private cable from there this morn
ing which is a fair reflection If the views of
majority of financial people in the London
market says: Condition of affa rs much
better; weak accounts we think seem closed
out of stocks: investors coming in at the de-
cline; we look for higher prices To som
extent this view was corrOborated by mod
crate buying for London account yesterday
afternoon. ltwas the. indicauons of this i'm
proving confidence in London which helped
to sustain this market yesterday. notwilh-
in Reading, and the unsatisfactory char
acter of tie sugar trust statement Consid-
ering all that happened yesterday, the
market exhibited more strength than at any
of stocks to-day were li2,432 shares includ-
ing: Atchison, $50: North American.
l.5u0: Louisville & Nashville, 1850: Read
ing, "a 900; st. Paul, 500; Union Pacific
2.S1O.