St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-17
FINANCIAL.
New York.

New YORK, Sept 16.-Money on call easier,
ranging from 4 to 10 per cent: last loan 4 !;
closing offered at A. Prime mercantile paper
e e Co., sterling exchange quiet and heavy at
mand. The total sales of stocks to-day were
$50, 941 shares, including: Atchison, 5.505;
Delaware. Lackawanna d Western, 43, $50;
Hooking Valley, $3.50; Louisville L. Nash
vile. ITO; Missouri Pacific, 62S5: North
American, 1885; Northern Pacific pre-
ferred, 20, 1876; Reading. $500: Richmond q
West Point, a, l75: st. Paul, Is, 642; Union
Pacific, D, 200. The stock market was less
active to-day, and its temper was more mixed
than it has been for many days, but there
was on the whole materially better feeling.
especially during the forenoon, than at any
time during the past week. The general i'm
preston was that money would be easier
after to-day, but that there would be an act
i've money market throughout the fall, or I'M
til funds which are now engaged in moving
the crops shall have found their way back to
this center. There was, therefore, renewal
of the hesitaIing character which was SO pro-
nounced some time ago in the market; and.
While there was some investment buying and
some covering of shorts, especially in the
early portion OF the day. there was no large
demand for stocks, and later the bears again
became aggressive, with the result CT the loss
of the early advance in most of the list
Every one is of the opinion that the worst is
now over and that premiums for the use
OF money are not likely TO be seen
again this year, even although comparatively
high rates for money are likely to be the rule
in the future. The pears, therefore, were in
cllned to be more cautious in putting out
short lines and considerable covering was
done early in the day. Long money came
higher this morning, and the market fol-
lowed with advances in the first sales of
from 18 to 90 per cent over last rights final
figures. and while the market remained
feverlsh and unsettled during the forenoon,
owing to the further efforts of the bears to
bring about declines in tine Wizards grangers
and Chicago Gas there was firm tone in
the main. which resulted in fractional adj
vances by moan. Big Four, Chicago Gas and
Northern Pacific preferred made exceptional
gains of over | per cent. The bears then
took Lackawanna in hand, and before 2
p. m. 1t was ratified off 3 per cent on
very large transactions. The general
list sympathized to a limited extent in
this decline, but portion of the early
gain was retained, and when the pressure
hour brought almost everything traded i'll up
to the best prices of the day and the market
closed quiet but firm to strong at the i'm
provement. The list is almost invariably
higher this evening, the only exception be-
ing Lackawanna, with a loss of 11a per
cent. Chicago Gas is up 2la, Northern Pa
clfic preferred l9s, Louisville d. Nashville
ll2. Big Four Ia, and others generally
larger fractions There was the usual linn
tied business in railroad bonds and the mar
ket was unusually steady, changes of note
The sales of all issues reached 1925, 600.
There were few marked gains. and Amer
lean Dock rose "A to 10S4. Texas Pacific l
to 39l2 and ST. Paul & Duluth Ids l to lO5.
Government bonds dull and firm. State
bonds duh and steady