St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-21
GERMANiA BANK,
(sTATE BANx,)
PAiD UP CAPITAL, 100000.
Surplus and undivided profits, S55, 900.
ALEX. RAMSEY, WILLIAM BIcKEL,
President Cashier.
RAID UP CAPITAL,
FINANCIAL.
New York.


New YORK.. Sept. Chickering's, $780,
on cali easy at 292U2 per cent;
closed offered at 2. Prime mercantile paper,
5A07l2: sterling exchange active, but weak
and unsettled at 81. s4l2 for sixty-day bills
and S4.SSl2 for demand. The stock market
was much less active and great deal un-
settled to-day. and while strong in the fore
noon was weak later in the day, and most of
the list this evening are lower than last even
ing. A dispatch confirming the theory that
the foreign stockholders of st. Paul were
to create voting trust was published and
j. S. Morgan g. Co. are named as the trus-
tees, but this, in the face of the heavy selling
of speculative stock by foreigners, did not
help the market to-day to any great extent,
and the decisions of the interstate COM
missionerS, with the report of a reduc-
ton Of wages OH the Burlington Il
Quincy and the expectation of another
strike on that road were influences which
overmatched the good news, and the
grangers were specially weak throughout
most of the day. Rock Island was sold down
on a renewal of the rumors of a reduction Of
the dividend at the next meeting. The Van
derbilts however, were the strong feature of
the day, Michigan Central, Lake Shore and
Canada Southern especially showing marked
strength even when the rest of the list were
weak There was agaiu some talk of an adj
vance in the dividends of these roads, which
may have had stimulating effect upon pur
chases. The coalers, and especially Lacka-
wanna, displayed considerable weakness late
in the day, when some pressure to sell was
noticed in them. The market was much less
active this morning, and first prices were
generally from ls to IS per cent below
last nights figures, with the gram
gers exceptionally lower. slight decline
was followed by an advance all along the
line led by the erangers and Vanderbilts, and
accompanied by extreme activity in st Paul.
Hooking Valley was again the weak spot in
the list, though it fiuctuated widely and
finally closed within small fraction of its
last nights price. The advance in the list
was checked before IL o'clock, and after
that time, though the market fluctuated
rapidly, the general tendency was downward,
and after noon quite a sharp decline oc,
Cured, i'll which ST. Paul was again the
leader, followed by all the active stocks
The movement in Rock Island was the most
marked during the afternoon, but the de-
cline met with no serious setback, and the
market finally closed quiet ana weak at ir-
regular changes for the day. The final
changes, with but few exceptions, are i'll the
Down PER cent, Norfolk and Western
preferred, IL, Peoria, Decatur and
Evansville, lis, Burlington and Quincy,
lsckawynna, Louisville aud Nash
Vile and Missouri Pacific l per cent each,
and others fractional amounts. The railroad
bond market was again dull, with but little
feature of interest and small fluctuations
though weak, but their changes were not
specially important, and while the toue CT
the dealings was again heavy, the final
changes are somewhat Irregular, and for
fractions only i'll mcs. cases. The marEed
loss was ST. Paul, Southwestern division,
3l2 per cent at l11la. Government bonds
were dull, but firm. State bonds dull and