St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-29
FINANCIAL.
New York.

NEW YORK, Sept. 27.-Clcarings to-day.
81 SIPS 264; balances; S4,692917. For
s;s4, 69l.142. Money on call easy. with ali
loans at 3 per cent. closing at 8; prime mer-
camille paper, 5$4@7: sterling exchange
quiet and steady at 81. S0l2 for siXty-day
bills, and s4.S4l2 for. demand. The stock
market to-day was quiet TO duh for the gen
eral list, but the continuance of the bear
pressure upon few of the leading stocks
created activity in these shares. and gave
tone TO tie entire list The market displayed
q marked lack Of support from the ear
lest dealings. and the bears. notwithstanding
the fact that a very favorable bank state
ment was expected increased their sales of
short stock as the time wore along. and the
last prices are at or near the lowest of the
day. The pressure was most prominent
upon Atchison, Pacific Mail and Sugar and
each of these stocks scored material Losses in
the short session. The president of Pacific
Mail was quoted rs saving that there was lit
tie chance of the passage of a subsidy bill in
present session of congress, and the stock
became shining mark for the operations of
the bears, and it was forced Off from 4224 to
40, and closed at Al. Sugar was sold on the
looked upon as not favorable enough
to the refners, and large amounts of
the stock changed hands at constantly declin-
ing figures. Atchison was pressed for
ments, but plenty of talk of business troubles
in Boston. The general list opened heavy,
though first prices were generally slightly
higher and sympathiZed closely with the
weakness in the leading shares, and while
there were frequent slight rallies, most of the
list closed off small fractions from last
nights prices. The loss OH Sugar was IA,
on Atchison ] ls, and on Pacific Mail ls4
Railroad bonds were very quiet and
showed little feature, but the tone was
heavy, with only slight changes even
among the leading issues Govern
ment bonds have been dull and firmer.
State bonds have been dull and steady The
exports of specie last week amounted to
$4,000. all gold. The imports Of specie
during the week amounted to Sl9S. S25, of
which Sl53; $50 was in gold and s45.545
in silver. The Post says: This market is
narrow and the most active spectators have
got themselves so much involved on the
short side that they are obliged to do all they
can TO prevent the rise 1t seems inevitable,
however, that it must come some time soon;
the short interest is so large that any at
tempts 10 cover it would make sharp up
ward movement in prices. The bank
statement was a remarkably favor
able one in every respect and
shows that the banks have recovered
from their expanded condition, as will be
seen by the fact that the average of the total
loans for the past week was equal to only
96s4 per cent of the deposits whereas on
last weeks statement they were equal to
10Ol2 per cent. and the previous week 1929
per cent 1t must moreover. be borne in
mind that the present statement is made on
rising averages. and that the real condition
of the banks to-day is much easier than is
shown by the statement. The total sales of
stocks to-day were 1852 shares. including
Atchison, 12614; Delaware. Lackawanna Il
Western, 1888; Louisville & Nashville
4,250: Missouri Pacific. 2, 100; North Amer
lean, 3.407; Pacific Mail. 5000; Richmond
4 West Point, 1853; St Paul. Id, $50; Union
Pacific EZS