St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-10
FINANCIAL.
New York.

New YORK, Sept9.-Bank clearings to-day,
Sl27,O52, $50; balances, 1,776, SIS. Money
on call tight, ranging from 6 to 25 per cent;
last loan 20, closed offered at q. Prime
mercantile paper nominal at 100. Sterling
exchange dull, but steady at $4SIA for
sixty day bills and S4.S4 for demand. The
stock market was without stimulus of any
kind TO day, but the pressure to sell was
much less than yesterday. and an conse-
quence prices moved more in obedience to
natural inclination than for some time past
All the news of the day, which was very
meager, was rather o. Fl favorable tenor, but
was not of character to have any
material effect upon the course of
prices. The railroad statements were all on
the right side of the account and the reports
from Boston went to show that the failure of
bad as expected. The reports from Wash
lngton. however, did not give so favorable
prospect for the Sugar Refneries and less
business was done in that stock. with some
reaction from the advance of yesterday. The
bears renewed the pressure upou Chicago
Gas and to lesser extent on Burlington &
Quincy. Rock Island was firm. with light
transactions. st. Paul occupied a promi-
nent place in the dealings. Lackawanna
was feature and showed a marked strength
at times under considerable animation. Hi
nols Central sold higher and was still in de-
mand at premium for use. while late in the
day none was offered below 1l2, which is 1
per cent better than the last sale before it was
marked off SO rapidly. The remarkable feat
ure of the day was the strength displayed in
the afternoon in the face of the high rates
exacted for money. which reached 25 per
cent at one time and closed at 90 There
were large number of loans called and the
shifting of loans made sharp demand The
weakness in Chicago Gas was accompanied
by the old rumors of some action against
the company by the local authorities. The
demand In the loan crowd for stock was full
as urgent as that for money, while the pros
pect OF easy money gave the bulls encourage
ment, and the bears were taking i'll their con-
tracts under cover of the high rates for
money. The realizations i'll the last
few minutes caused a slight setback, but the
close was strong, while dull, at close to the
best prices of the day. The final changes
with few unlmportant exceptions, are al
while Chicago Gas is off lis per cent, Bur-
l1ngton and Lackawanna are each up IA
Rock Island Missouri Pacific and Pacific
Mail each l1s per cent, and Union Pacific
per cent In railroad bonds the tone was
rather heavy. and while the business done
reached S630,o0O, the only important
changes were losses of L per cent in
Canada Southern seconds at OF; Colo
RADIO nd Midland Ian. tours 1l2 at 1894, and
Government bonds have been dull and
steady. State bonds have been entirely neg
lected. The Post says: '"The stock market
was strong and higher throughout the DAY.
the highest prices having been made in the
last hour, when nearly all stocks were from
to Us higher than yesterday. the greatest
advance having been on the grangers, with
Lackawanna, Pacific Mail and Union Pacific
next in order Money was bid up to 10 per
cent, but no large amounts were placed at
the high rate The total sales of stocks to-
day were 1892 shares. including: At
Gibson, 1889; Delaware, Lackawanna d
Western. 16,04O; Louisville & Nashville,
1920; Missouri Pacific, 4 200: st. Paul, 49,
200. Pacific Mail, $3.50; Union Pacific,
$3.50.