St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-03
FINANCIAL.
New York;

NEW YORK, Sept. 2.-Bank clearings TO-
day, SS1, POI. 4O9; balances, S4,S24, 97s.
Money on call easy. ranging from 3 to per
cent; last loan 4. closed offered at d. Prime
dull and steady at 1882 fer sixty -day bills
and 81. S5l2 Tor demand. There is growing
disposition in Wall street to look upon the
hopeful side of the situation. The market
therefore displays decidedly firm tone on
small volume of business. To-day there was
something like boom at the opening and
sales were made at material advances over
Saturdays final figures, the gains generally
cries was up 1ss per cent. The num-
Der of stocks traded IN was larger
than usual of late, and the strength reached
all portions of the list, although the further
gains, especially in the general list, were in
significant. London was the moving factor
in the advance, and some commission buy
ing helped the early gains, but the demand
was soon satisfied, and, dullness becoming
again feature the traders were again en-
couraged to take the short side, especially as
there was an effort to bid up money. which,
however, was unsuccessful and rates imme-
dlately dropped back to the lowest point of
day. Sugar yielded materially in the fore
noon, and the rest of The market sagged off
in sympathy, though in but few cases was
more than the opening gains neutralized.
The statement recently issued by the Cotton
Oil officials met with some favor, and
all classes of the stock felt the
StlLluluo tuc lcCclplS IlSlllS W ~ dSdlIlSl
24ls Saturday and the new stock to % from
10. The downward movement in the re-
mainder of the list was not checked, how
ever, aid the close was dull and heavy gen
orally at fractional losses from the opening
figures. The final changes are in all cases
for small fractions with the exception of
Rock Island, which is down LA. Railroad
bonds were very quiet, and as usual without
pronounced tone and the changes in quota
tons were generally confined to insignificant
amounts. The sales reached only S6SS. 000
Government bonds have been dull and steady
State bonds have been entirely neglected
The Post says: 1.-THE reason for the greater
activity and higher prices for the
granger stocks to-day was that there is
still very large outstanding short
interest in them, which is getting uneasy,
though there has as yet been no marked at
tempt to cover it. All of these stocks, end
to some extent also the Vanderbilt stocks,
were sold short, partly on account of the
tight money market and partly also ON ac-
count of the rumOrS about the financial con-
dition of Rock Island which, as represent
alive granger road, was presumed to indicate
something of the affairs and prospects OF the
other granger roads. But now that the cap
italists who control and manipulate st. Paul
have begun to talk about dividend on the
common stock some time in the near future
possibly next year. it helps TO strengthen all
the granger stocks. The total sales of stocks
to-day were l61, G27 shares, including
Atchison, 1850; Delaware, Lackawanna d
Western, 1900; Hooking Valley, 1920;
Lake Shore, 5,210: Louisville & Nashville
$3.50; Missouri Pacific, 800: Reading,
3,34O; st. Paul, IL 900; Union Pacific. z, 700.