St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-07
GERMANIA BANK.
(sTATE BANK.)
PAID UP CAPITAL, 100000.
Surplus and undivided profits. so, 900.
ALEX. RAMSEY, WILLIAM BIoKEL
President Cashire
FINANCIAL.
New York.

new DIX.
New YORK, Sept. 6.-Bank clearings to-
day, SIG, 679,061; balances, S5.172, S64.
Money on call easy at 31l per cent; last
loan 3, closed offered at pig. Prime 3mer-
camille paper, 507. Sterling exchange Quiet,
but strong at 81. S414 for sixty day bills and
S4.8S for demand. There was less business
in the stock market to-day, though there was
no less interest in the dealings, and even
after the material advances of yesterday most
stocks are fractionally higher Tonight. The
news of the day was of little importance, but
such as there was rather favored the adj
vance; AS usual on Fridays, there was con
to close out their accounts for the
week, and the desire TO secure
the profits accrued ON the rise of the
previous days of the weekinduced the selling
of long stocks; and the room traders, who
were generally of q bearish temper soon
Joined in the selling. The general demand
for stocks. however ana the Willingness of
some of the large operators to replace their
sales at slight concessions, prevented the
early decline from going far, and the course
of prices was soon changed to the upward
direction. The coal stocks became the strong
feature of the market in the afternoon, and
the buying of those shares on the expectation
that either the dividends will be increased or
the capital stocks enlarged was very pro-
nounced. The Northern Pacifies took a sec
ondary position in the market, and even
the grangers, which were supported by
the Western contingent, were rather
backward. The Southern stocks, however,
woke from their lethargy and were largely
traded In, while Richmond d West Point be-
came one of the leading active stocks, and IN
the rise occupied very prominent position.
The reports of the splendid condition of bus
mess in that section OF the country were
mostly responsible for the improved position
of those shares in the market The trusts
were quite dull, and little or no interest
seems to be taken in them at present. The
opening was active and strong, though con-
siderable irregularity existed, and Wheeling
& Lake Erie was down 7s per cent. The
pressure was to sell was directed principally
against Northern Pacific preferred and
AtchisOn in the early dealings, and the
market was very feverish, while most OF
Richmond & West Point was the strong
feature, however, and its sharp rise in the
first hour rallied the list, though the grangers
continued weak until the afternoon. The
coal stocks then came to the front and the
selling movement exhausted itself. The
market gradually quieted down and the close.
while strong, was quiet to dull. There were
a few fractional losses as the result of to-
days operations but the great majority Of
the list are higher and Colorado Coal is up
l5s per cent, Tennessee Coal Ia, and Jersey
Central and Delaware & Hudson each L per
cent. The railroad bond market was little
more active to-day, though the increased
sales were principally due TO the large
trading in Reading firsts and the
Denver & Rio Grande Western receipts
which contributed S200,0O0 and $4,000
respectively to the total of 81 Ala, 600. There
was the usual steady to strong tone, and most
issues are fractionally higher. State bonds
have been dull and without feature. Total
sales of stocks to-day were 326, 7SS shares,
including; Atchison, 11,3O); Delaware,
Lackawanna & Western, "a .276; Erie, 4. 500;
Lake Shore, 1000; Louisville d Nashville.
1863; Missouri Pacific, 8, 100, New Jersey
Central, 1900; Northern Pacific, 1850;
Reading, $4,000: Richmond d West Point,
%, 900; ST. Paul. 27.700; Union Pacific.
$3.50; Western Union S.493.
Chicago.