St. Paul daily globe., 1888-10-19
GERMENlA BANK,
(sTATR BAbK.)
PAD UP CAPITAL, s400,0 900.
Surplus and undivided profits, $55, goo.
ALEX. RAMSEY, WnLIAH BICKEL,
President Cashier.
FINANCIAL.
New York.

NEW YORK. Oct. 1s.-Clearings, S122, ,452.-
619; balances, S1.595, $50. Money on call
easy at 202l2; last loan at ,; closed offered
at2. Prime mercantile paper 4S406I2. Ster-
ling exchange quiet and steady at 81. 1894 for
siXty-day bills and S4.S7S4 for demand. The
stock market was somewhat more active to-
day, though the unusually large business
done in Union Pacific accounts for the en-
tire increase, the stock mentioned furnishing
nearly two-fifths of the entire business done.
The speculation outside of few specialties
however, presents no features of interest,
the list being duh and the trading done
within very narrow limits, and OF an almost
purely professional character. The shorts
are looking for an opportunity to cover and
raids are organized from time 10 time against
any vulnerable point, but the natural
strength of the list prevents any marked
movement in the downward dissection. The
special object of the attack to-day was Mis-
souri, Pacific, the persistent selling of Atchi-
son being used as an argument against the
stock, but the impression made was soon re-
covered and the strength and buOyancy of
Union Pacific carried the entire list with it
this afternoon. The renewed buying from
all sides and rumors that Mr.. Gould was
buying and that all agreement had been
made with the opponents of the funding bill
to allow its passage were circulated with
some effect. The purchases for both, BOs-
ton and London were noticeable. The
other specially strong stocks were
Northern Pacific preferred and Nor
folk d western preferred, the continued
large earnings of the former stimulating
purchases but the rest of the list were quiet
and called for no comment beyond Oregon
Short Line, which made a squirt of point
toward p. m. There was the usual moder-
ate business at the opening this morning and
first prices were generally from Is 10 ss per
cent higher than last evenings figures,
though LackaWanna was exceptional with a
loss of y per cent. The raid OF Missouri
Pacific brought that stock down over a point
and the rest of the list sympathiZed to a
limited extent, but the effect was soon over
and the losses quickly recovered. Union
for its activity, but it was not un-
till after noon that its strength
became noticeable and the general list was
almost stagnant, it became very steady and
later the others followed slowly. Northern
Pacific preferred and Oregon Short line most
prominent. The list became more active to-
ward 2 p. m. when the best prices of the day
generally were reached. There was frac-
tional reaction in the last hour but the
market finally closed quiet but firm at or near
the highest prices of the day. Almost every
thing is higher this evening and Union Pa
cific rose 214, Norfolk d Western preferred
IS and Northern Pacific preferred a. The
railroad bond market was quiet even the
Reading issues falling off in interest only
the firsts showing any special activity with
sales of Sl3o, 900 out of a total of 81, PA, 600
Theftrading was especially featureless and
the fluctuations extremely narrow, impor-
tant changes in quotations being very. few