St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-09
GERMANiA BANK,
(sTArE IAHK.l
FAiD UP CAPITAL, 100000
Surplus and undivided profits, SIS. 600.
AIAx. RA1sIY. W1LLLAK BIcKH.
President CaEhiss.
FINANCIAL.

New YORK, Nov. S.-Clearings to-day.
Sos, $50 a36; balances So. l3l, 40. Money
3: closed offered at 3. Prime mercantile
paper 484dl6ts. Sterling exchange dull. but
steady at S4.S1A for sixty day bills and
SiSTl2 for demand. The stock market to-
day was dull, except for one stock, put IL was
weak and decliningin the forenoon, and the
losses made during that time were never re-
covered. and the prices Of the close were, Ill
a great majority of the list, materially lower
than those of last evening There were u
number of dsquieting advices received dur
ing the day, such as the disruption OF the
Western Passenger association and the
trouble with the coal diggerS on the ran
Handle, but the principal cause OF demorail-
cation was the unusually heavy sales Tor Tor
eign account, which were kept up almost
through the day. The reason assigned Tor
this out pouring of long stocks was that the
foreigners were distrustful that the new adj
ministraion might make such changes as
would retard business and so hurt the val.
res of securities There was the usual
amount of short stock put out by the bears
and traders, but these were not OF special
importance upon the course or prices. Inc
coal stocks. and especially Reading, were the
leaders IN the decline, and the dealings Ill
the stock mentioned assumed large proper
lions, furnishing nearly half the business
done The trunk lines were heavy and in
some eases decidedly weak on the reductions,
AID the refusal of the Pennsylvania to ad-
vance rates had marked influence. There
were followed by the Southern stocks ana
Notwithstanding the favorable outlook Tor
the Southwestern lines, both AtchSon and
Missouri Pacific were prominent tor the de-
clines established. Cotton oil was feature
of the day. being after the first decline re-
markably strong, and on large business
closed fraction higher. Union PACING was
prominent among the active stocks. but us
movements were small and its price was well
maintained throughout, and tennessee coal
Nrls NJ
an advance of over point through tne
greater portion of the advantage was after
ward lost The rest of the list were
dull and call for no comment,
The opening was moderately actife
but in marked contrast to that of yestei day
was decidedly weak, the losses from last
evenings closing figure extending to sS per
cent. The market remained almost notion
less until toward l O'Clock, when there was
IL renewal OF the weakness and prices moved
off rapidly and Canada Southern. Missouri
Pacifi and Reading became specially promI-
nent for the declines established. lull i'll
the market was accompanied by a hrner
tone for the rest of the forenoon, but later
the market was attacked vigorously, ana the
lowest prices of the day generally were
reached about l p. m. Dizziness again inter-
vened and prices made Slight recoveries but
the market was without feature to the close.
which was dull and steady TO firm at but
slight gains over the lowest figures reached.
crease over that of yesterday. The
active stocks are almost invariably lower
tonight and Reading lost ll2, Atchison ] a,
Canada Southern and Norfolk and Western
preferred rs each, Missouri Pacific ! per
cent. The railroad bond market was some
what more active to-day, but as in the share
list this was entirely due to the animation
shown i'll the Reading issues, and the second
incomes contributed S117,O to the days
total of 81, 139, 600. There was no other
feature to the dealings, and while there was
a firm tone in the forenoon and some ad-
vanccs were made this disappeared later and
the closing figures show irregular changes,
which are generally for small fractions. Gov
ernment bonds were dull and steady. State
bonds were entirely neglected. The total
sales of stocks to-day were l95, OIL shares,
including
Del. l.. & ..6.7OOlReading. .......S G3IO
Erie .........5, 900IR. & W. PIT. u AS
Lake Shore I'D, 690lSt Paul. 49,. 9,160
Missouri Pac,. ESQ Union Pacific. IL 200
Northwestern. IS ,00olW West. Union... $3.50
n. Pac. pfd.......5 ,0USl