St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-18
dulli but firm; National Transit certificates
opened at s2ssc, closed at s2ssc. highest
SZ46c; lowest, S1sbc.
FITZGERALD & SMITH
COMMISSION MERCHANTS,
324 jackson Street. Gillian Block.
GRAIN, PROVISIONS, STOCKS, COFFEE
AND COTTON.
WIRES DIRECT
FINANCIAL.
New York,

NEW YORK, Sept 17.-Money on call easy,
ranging from 3 to per cent: last loan 8;
closing offered at 3. Prime mercantile paper
81. S0l2 for, sixty-day bills and 81. "a for de-
mand. The total sales of stocks to-day were
3O3, 756 shares, including: Atchison, 1890;
Delaware, Lackawanna & Western, 81, 500;
Lake Shore, 5000; Louisville d Nashville.
6,76e: Missouri Pacific, ID, $50; North Amer
lean, 22.45O; Northern Pacific preferred,
2,310; Pacific mall 4,S45; Reading. 7,10O;
Richmond q West Point, 5,345 st. Paul,
%, 795; Union Pacific $3.50. The general
impression in the street last night that the
secretary of the treasury would obtain the re-
qulsite amount of bonds to-day which would
insure ease in money at least for the remain
der of this month induced more hopeful
feeling among commission dealers, and there
was displayed this morning an increased dis
position to buy. The more sanguine bulls
pointed to the fact that the reaction under
the favorable circumstances must last at
least that time, and were disposed to take the
long side for good turn. The bears, how
ever, while acknowledging that there would
be material rally, were not inclined to give
as long life and maintained that the short
interest is only moderate, and liquidation of
long accounts would be started by any
marked Improvement in values. The buying
TODAY was more eager than for some
time, and especially SO. after it be-
per cents had been obtained at
even lower figure than it had been expected
the secretary would have to pay for'them
The traders were almost all working on the
long side, and there was most welcome alb
sence OF bear pressure in any portion of the
list, although some sluggishness was shown
here and there. A correction of the general
impression that the secretary said that he
could do nothing more for the money market
after accepting pending offers, and the asser-
ton that he said that the expression referred
only TO the per cents did something to re-
store better feeling for the future, as the
ITlGl Innd to nl-A
possible out Of the impression referred to
The London figures were higher, and while
there was not very urgent demand here,
hrst prices were generally slightly higher
than last nights final figures. The market
soon developed strength, however, and
prices steadily advanced until after the bond
offerings became known. By that time the
whole active list was up from l to ll2 per
cent. with Lackawana, Big Four, Chicago
Gas and the Willards most prominent for
the gains scored. The bears then attacked
the list on the theory that the result of
the bond offerings had been discounted, and
IN their efforts to break values were aided by
considerable realizations among the traGers
on the advances the past two days. A large
failure in Boston was also used as club
with which to knock off quotations, and be-
fore the close almost all the early gains had
been wiped out and in few instances
material losses incurred. The close was
quiet but weak, generally at small fractions
below the opening. Rock Island is down l
per CeHt anu DurllnRtOEanO ST. raul each
75. while Pacific mail is up l per cent. Rail
road bonds were more active than usual of
late, and displayed a more pronounced firm
tone. resulting in few material advances i'll
the list. The sales reached S903.OOO, of
which Rock Island IS furnished $4,000.
Hooking VALLEY IS rose ia to "a; Fort
Worth and Denver SITS, to 1O4; Houston 4
Texas general receipts, 2 to "A, and Milwau-
kee, Lake Shore & Western lists II2 to 1872
Government bonds nave been dull and lower
for the As. Stale bonds entirely NEGLECTED.