St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-13
FINANCIAL.
New York.

New YORK, Sept. 12.-Money on call tight,
ranging from 1S6 to 6 per cent; last loan 6,
closing offered at g.. Prime mercantile paper
at ST. 81 for slxty-day bills and 81. SAN for
demand. The total sales of stocks to-day
were 81, 086 shares, including: Atchison,
1890: D.. L. & W., $500: Louisville &
Nashville, $3.50; Missouri Pacific, $3.50;
North American, 16,525: Northern Pacific
preferred, 300; Reading. 8. 800; Richmond
& West Point s.31O; St. Paul, 2l,O2O;
Union Pacific, 13, 92O. Clearings. SIT, $685.
4O7; balances, 5,749,9sS. The stock mar
city of money, while the screws of
bear manipulation were again put on to in
crease the already sufficient Generalization
of weak holders of stock. The stringency
has now continued SO long that Wall street is
beginning to fear that it will IN time PROSTATE
the business of the whole country. The mar
ket again went up to W per cent premium
and interest, but later i'll the day when a
rumor was circulated that the secretary of
the treasury was in town and in conference
with leading bankers and had been offered
large block of per cents, the rate again
went down TO near the legal rate, and finally
closed at that figure. Every one expected
weak opening this morning, and no one was
disappointed In that respect, fcr there was
rush to sell. and in many stocks the
evident intention was to sell them as
low as possible. for Burlington & Quincy was
opened OFT "a per cent at 94A and Sugar
there was at least no occurrence over night
which should make such difference in its
value. Sugar was affected by the announce
ment that the next dividend would be passed,
are again milking the street, and that sud-
den turn may be expected in the stock at any
time. There were heavy sales in the early
trading and some stop orders. principally in
Sugar, were met, which forced. that stock off
212 per cent farther, but the selling move
ment was over by that time and a sharp
rally took place, on the extensive cover
ing OF shorts, which ran prices up
to the level of the opening
figures and in some cases beyond. The ru-
NOR in regard to the secretary was then cir
culated and induced some buying for the
long account with fresh coverings, and a
still sharper rally occurred Chicago Gas
rising over 2 per cent in less than an hour.
The rumor could not be traced to any anthem
tic source, however, and the urgent demand
soon Stacked away, but the improved feeling,
together with the easing up of the money
rates, kept the firm tone going and in some
cases still higher prices were reached in the
last hour. The recoveries from the lowest
figures extended to about 2l2 per cent. The
market finally closed quiet ana firm, gener-
ally at small fractions better than the open
from last nights final prices. The
final changes in the list tonight
are irregular and generally for
slight fractions, the only important ones
being losses OF 2lBc IN Sugar and 1SSc in
Wheeling d Lake Erie, and gaimof 11sc in
Pacific Mail. Railroad bonds were firmer.
and while most of the important changes are
in the downward direction, the general list
showed better tone throughout The sales
reached S7S7, 900, out of which the Reading
four contributed S1O6. 900. The marked losses
were Chesapeake & Ohio, Richmond d. Ale
gheny first 2 at 81, Chicago d Eastern
Illinois fives Dip at 90, Morris & Essex first 2l2
at 81 As, Louisville. New Albany d Chicago
of
eral SKIS at So Reading secondin incomes 2Ys
at 49&, Alton & Terre Haute dividends
at SO, aud Rio Grande Western tours 1aS at
72I2c, Atlantic and Pacific incomes were an
exception rising 1l2 to Ice. Government
bonds have been dull and steady State
bonds have been entirely neglected.