St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-22
GERMANIA BANK.
(sTATE BANK
PAID UP Capital. $500, 900.
Surplus and undivided profits, sos, 900.
ALEX. RAMSEY, WILLIAM BICKEL,
President. Cashier.
FINANCIAL.
New York.

NEW YORK. Dec. 21.-Clearings, SOS, S24.-
93o; balances, 1865, 262. Money on cali
easy at 4l2G5 per cent; last loan, 3; closed
offered at pig. Prime mercantile paper, 40
Gle Sterling exchange dull but steady at
81. S44 for sixty days, and "a. 1884 for de-
mand. The stock market was active by
spells to-day, which alternated with periods
of comparative dullness. and the total
amount of business done was about equal TO
The average for the week. There was more
pronounced bullish feeling on the street,
however, and there was a freer covering of
shorts than usual of late. The conference of
the leading bankers and railroad men at Mr..
Morgan's house was great factor
in the course of prices, and the per-
sistent buying presumably for inside
account made the short nervous, and the
bearish element seemed TO have become ma
terialIy less than during the earlier days of
this week. No positive bit of news was re-
ceived which could account for the change
of feeling. and even the final announcement
that the dividend on Omaha preferred had
been actually reduced TO per cent against
per cent for the last half year had no imme
date effect to reduce quotations. On the
contrary, however, the stock which had
been traded from 91l2 to 9S was afterwards
sold at 80. The rather diScouraging state
ment of the Northwestern for the month of
November had a deterrent effect at the start,
but its influence soon went away and the up
ward movement resumed. The coalers, as
usual took the lead in the advance. and
Lackawanna was the special object of
attention. its transactions being very
large, while it showed the way
on the upward move. Reading was
more quiet and did not respond very freely
to the stimulation, while.Delaware d Hudson
was quiet at about Yesterdays top figure.
The graugers toward the afternoon Joined
in the advance, and Rock Island for the first
time in many days displayed marked strength
and this evening presses LackaWanna closely
for the honor of the largest gain Missouri
Pacific late in the day became the feature of
the dealings, and on an increased business
rose sharply over point. New England at
tracted little more attention than during
the past few days, but its fluctuations were
confined to per cent and its final change
ulimportant. The opening figures generally
showed slight declines from last evenings
prices, although Lackawanna and Delaware
IL Hudson were each " per cent higher.
Further small losses were sustained i'll
the first few minutes, but Tennessee
Cosl lead off with sharp up
turn of la per cent, followed by Lackawan-
na Rock Island, New England and Rich
mond IL West Point preferred. The market
then became more quiet, while the upward
movement made but slight progress until
after 2 O'Clock, when Jersey Central led
further advance, though few stocks made
marked declines. There was more activity
in the last hour, when Missouri Pacific
spurted up sharply liz per cent. with the re-
mainder dragging. bur the close was active
and strong generally at the best prices of the
higher, and LacKawanna gained 2ss, Rock
Island 2ls. Tennessee Coal 1ss, Missouri Pa
cific IA Burlington q Quincy Ia, Atchiscn
e. Louisville and Nashville l per cent. each
and the others fractional amounts
Railroad bonds were again very quiet
while the tone of the dealings was
fairly strong. especially during the
forenoon but the final changes in most IN
stances are for Insignificant amounts The
total sales were Sl,O19O0O, but no marked
animation was visible in the rest. The de-
clines include Peoria, Decatur d Evansville
firs.s, six at 108, and Union Pacific regis
tered sinking funds, Dig. Government bonds
were dull, but strong. State bonds were dull
and firm. The total sales of stocks to-day
were 24O, 9S7 shares, including:
Del, Lac. d W.55, 1901 n. Pacific pfd.. $500
Erie ............ 3,51OtReading -. 80. go
Lake Shore 49,. $500 Rich. d. W. P. 5000
Lous. d Nash. 4,420lSt. Paul. .......27, 800
Missouri Pac. ~ ,O70I Union Pacific. 5,O45
Northwestern. S,SOOlWest. Union. 1895
Y. j. Central. 6,0o0