The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-14

NEW YORK, Sept. 13.-The recupera-
ton of the money market by means of
the severe liquidation of the last two days
was reflected in much improved tone
in the stock market. Prices were little
inclined to advance in the early dealings,
in spite Of the buoyant tone in Americans
in the London market and the vigorous
strength shown by a few specialties.
Early loans on call were made at 7Q715
per cent, and decline in prices set in
soon after the opening, which carried the
level generally below that of last night.
The rate for call loans then fell to per
cent, and after sttffening again spasmod-
ically, eased off in the latter part of the
day to per cent. About midday there
came the announcement that the treasury
department had decided to anticipate by
about ten days the October payments Of
interest on government bonds which, will
amount in the aggregate to over S., 900 600
The shorts took alarm at the steady adj
vance which set in and rushed to cover
bidding up prices in the closing dealings
by wide advance to the top level of the
day. The closing was very active and
buoyant, and shows net gains ranging
from l to points.
Today was. the fortnightly settlement on
the London stock exchange, where quite
a large short interest is said to have
existed in Americans. The decline here
was therefore very opportune, and Lon
don bought to the extent of about Is 000
shares. Tennessee Coal was strong from
the outside, and after moving in an err
ratio way closed the day with an advance
of 612 points. American Tobacco also de-
Veloped early strength, and left off over
! points higher. BROOKLYN Transit was
down nearly to yesterdays low point, and
then up again and shows a fractional net
nj n1 toto
stocks moved up all day, and show net
gains Of over points each, and Colorado
Fuel as much. There We're active upward
movements in the Leather stocks. Mexi-
can railroads, ad a number. of the iron
and steel stocks
The demand for the railroads generally
gained In volume as the day advanced
and the upward movement was quite uni
form in the principal active issues, which
have net gains of between 1 and points
Ill many instances. Gains above the av-
erage were made by Lackawanna Illi-
nois Central, G. c. c. & ST. L.. P. G. c.
& St L., and Great Western "E," which
ranged from 2 to 5, the latter, LackaWan-
ma.
The movement of money on balance
continued in favor of the interior TODAY.
out debit balance at the clearing house
by the subtreasury relieved the pressure
somewhat in that quarter. Sterling ex
change fell an additional fraction for ac-
tual rates, and posted rates were reduced
Rc, but the fact that discounts in Lon
don were easier, indicated that no gold
movement is in prospect from that quar-
ter The general news all continued ia
Vorable, and the bargain hunters were
again in evidence
Bonds were inclined to recover in sym
pathy with stocks, the speculative issues
nfa1 call 60
United States bonds were unchanged in
bid quotations.
STOCKS
The following were the fluctuations of
the leading railway and Industrial shares,
furnished by c. II. F. Smith & Co., mem
oers of the New York stock exchange and
Chicago board of trade: