The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-26
NEW YORK CHARACTERIZED YES
TERDAY BY ACTIVITY
AND STRENGTH.
CALL MONEY is CHEAPER
DECLINES in THE RATE EOR srER.
CAMILLE PAPER ALSO
APPARENT.
MARKET OPENS SLIGHTLY LOWER
Depression Was of Very Brief Dn-
ration and an Aggressive Tone
Was Developed.

NEW YORK, Sept. 25.-The .,uck 1narke,
To-Day was characterized by activity and
strength broadening tendency was noted
ana the bears fought the advancing inclina
tion Oh prices to no avail, as offerings for
ei'her account were readily absorbed The
news OF the day in almost every instance
was favorable, the cardinal feature bein9
sharp decline in the rates for nrime mar.
camille paper. Material that could not he
discounted week ago below per cent and
upward was accepted at per cent and the
maximum ngure for choice was per cent
Inc important bearing of this DEVELOPMENT
upon the general financial and business situa-
uon can readily be appreciated Call money
rates were reduced from to per cent on
any average oy the banks, and offerings of
time FUNDS were fairly free at per cent
Tor all dates on good mixed stock colIaterol
Ldi 20 auoirlonal gold import orders were an
nounced and heavy arrivals of the veliow
.hen were reported, as also substantial fur
snef deposits at the subtreasury in exchanoa
lor greenbacks. Aside from the extens1Ue
ouuFellns OF shorts. commission house nur
noaed 70 70 a falr aggregate amount were
-.os 1891. II is assumed that the advance of
yesterday and today has materially reduced
the outstanding short interest and reaction
n ~ prices Is therefore expected. The market
opened slightly lower under the influence Of
lractlonal declines in London Quotations and
some struggling selling in this market for the
i1orelgn account. The depression was of brief
Q0VolODQd a
strongly aggressive Tone The PURCHASING
ORDERS embraced a wide variety of stocks
including the low-priced as well as the in,
wesdnent classes. Illinois steel advanced
SH 70 1913; Minnesota Iron 3 to So. and Great
northern preferred, per cent to 100 A
favorable feature of the market. not referred
70 ABOVE, was strong and active railroad
Doho market, good demand for governments
LOT investments being also noted A reac-
sionary movement developed around delivery
nour on realizing, and the market left of
neavy In tone but with final figures record
ing net gains Of 1 to per cent in the lead
gressive strength on increased dealings and
a broadening tendency. the leading speculat
I've issues sold up l to 2 per cent with the
i nuiK OF sales in the Atchison and READING
nnes. The sales were ST. 635, 600 Government
ponds were strong and active. The new tours
touched 116%. The sales were $40 500. Silver
certlncates were irregular on a declining
tendency. the sales amounting to s145, 900 at
661a State bonds were dull but steady. with
virginia Centuries traded in.
Inc total sales of stocks today were ok
gig snares, including the following: Tobacco.
$500; Atchison, $500; Sugar, IS, 500; Burlington
& quincy. 10, 700; General Electric. 100: T.,
q NJ, 15, 200; Manhattan, 10 600; Missouri Pa
cifc, $500; Reading, 1s3OO Rock Island. 800:
st. Paul, A 100; Western Union, $500: W. q
L. L., e., 1900; Southern 5000; do pfd, 600:
Silver certificates, 146, 000