St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-14
GERMANIA BANK.
FINANCIAL.
New York.

New YORK. Jan. 12.-Clearings, S11o. 295.-
sos; balances, S6.5S2,T5l. For the week,
clearings, $685., 366,4l3: balances, $50. 372.-
$50. Money on call ruled easy, with no
loans at the board, and closing offered at
2 per cent. Prime mercantile paper in good
demand at 4si16I2. Sterling exchange dull,
but steady at S4.S5 for eiXty-day bills and
81. 99A for demand The stock market
to-day was more active than usual
of late, and the Improvement in bust
ness went hand IN hand with strong tone,
which became very pronounced toward the
close and carried prices up materially, even
in the short time allowed for business. The
news of the dav was almost all of favorable
character and the bank statement, showing
an almost unprecedented gain TO the banks.
was Il factor in the later dealing, when
the most marked strength of the day
was shown. London and the cont
nent were both liberal purchasers of
their specialties particularly at the opening.
and after that time the local buying was
sufficient to keep prices moving steadily to-
ward higher figures All classes of stocks
felt the stimulus of the more confident
tone to the speculation, al hough the grang-
ers and trunk lines were most prominent in
the upward movement Specially sharp
advances were made by Manhattan
Rome, Watertown D. Ogdensbnrg,
ana Omaha preferred, the first
named gaming over 3 per cent Oh compare
lively heavy trading for that stock. First
prices were generally shade lower than last
evenings figures, because of the realizations
of the short-waisted bulls, but the
Immediately, and prices moved up all
around. with DelaWore & Hudson, Rock
Island and specialties leading. The improve
ment continued slowly until toward the
close, when the issue of the bank statement
made Il more urgent demand for stocks,
and in the last few minutes of the
session prices were lifted more rapidly.
the market closing fairly active and
strong at the highest prices reached.
The entire list is higher and Manhattan rose
Omaha preferred, Ia; Delaware & Hudson.
1ss: Chicago. Burlington & Quincy and Erie
preferred, each, 1l2; Michigan Central, / Il;
and Consolidated Gas L per cent, and
showed about the usual amount of ami
nation this morning the sales of all issues
reaching S9S3, 900 for the two hours of bust
ness. The Gulf, Colorado and Santa Fee and
the Texas Pacific were the most active bonds,
the latter furnishing $1,000 to the
days total. The tone of the mar
ket continued firm to strong, but
the Improvement in quotations was most
marked in the inactive issues. the gains
among the others being confined to small
fractions throughout the list. Iowa City &
Western firsts rose 2la to 1O24 Des Moiues
& Fort Dodge, Dig to 105l2; Keokuk d Des
Moines tirsts to pos; Gulf. Colorado d
Santa Fe skies, 2 to So Indiana d West
ern firsts 2l2 to 7ll2; Wabash convertible
certificates loss to ,. The sales of bonds for
the week were S1O,095.0O against only
So. 577. 900 for last week Government bonds
were dull and featureless. The total sales of
stocks to-day were 1l6, 40 shares, includ-
ing:
D.L. W......l4, 2OOMo. Pacific. $500
Erie ......... Il, 94o Northwestern. 3,1I0
Lake Shore. 1856 Reading ...... Il, 700
Mich. Central. 2.4S0St. Paul. 10000
The exports of specie from the port of New
York last week amounted to $'76, 236, of
which S147. 1874 was in gold and S22S, 902
silver. OF the total exports 81, 800 in gold
and SI45, $50 silver went to Europe, and
S22S, 602 gold and S1,769 silver to South
America. The imports of specie for the week
amounted TO S3l5, 4a5, Of which S31U,9Sl
was in gold and 4,474 silver.