St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-21
GERMANIA BANK. e
Estate BANK
PAD UP CAPITAL. 100000.
Surplus and undivided profits, $4,000.
ALEX. RAMSEY, WILLIAM BICKEL
President Cashier.
FINANCIAL.
New York.

New YORK Dec 2U.-Clearings, S1c9, OIL
SO; balances, S5,711,920. Money on call
close, ranging from to 0 per cent; last loan
at 6 per cent, closed at 300 per cent
Prime mercantile paper, COTE per cent.
Sterling exchange quiet and steady at
I.S03l for sixty-day bills and S4S4l2 for
demand. The stock market was more active
and decidedly strong during the greater .por-
ton of the day, and, although realizing
sagged the list off towards the close, several
material advances were scored as the result
of the days trading. The temper of the mar
ket was rather reactionary at the opening,
dulIness and stagnation being the principal
features, but the reports of the remaining
Vanderbilt roads with the extra dividends
soon set things going, and activity and buoy
ancy took the place OF the staSnat1on OF the
early hours. Missouri Pacific, however,
again led the market, and at its highest point
it showed a net gain of three points over its
last nights figure. The settlement with the
Kansas & Texas upon basis of mutual adj
vantage was The impelling cause, although
even 1t did, the news from the Grand Central
depot was received. Those who pretend to
know expect that further advance will take
place, and rumors of a settlemement of the
debt owed to some of the directors give color
to the idea. The Yanderbilts were the con-
spicuous feature of the market and Canada
Southern especially displayed marked
strength though like the others, all
of the Improvement could not be
held at the close. The grangers
ton led the advance among them. and with
st. Paul was more active than for some time.
The coal stocks were sluggish and con-
siderable pressure was brought to bear npon
them in the early dealings, resulting i'll a
fractional decline, with Lackawanna lead
ing. They became strong with the rest OF
the list however, and the early losses were
wiped out. The upward movement met with
considerable of check when the money
rates advanced, and during the afternoon
nnO q inducing IL
cations on liberal scale, and the reaction
from the best prices reached from H@lA
per cent. Owing to the increased interest in
railroad shares the unlisted, department.
s Sgs. bu. up retired % Ref ss ssn' and al
thereafter fluctuated within those limits, be-
coming very dull in the afternoon. The close
was quiet and rather heavy at the reaction.
Almost the entire active list is higher TO-
night and Jersey Central is up ia, Missouri
Pacific lss. Burlington d Quincy lis, and
Canada Southern l per cent. Beyond the
activity in the Kansas & Texas Us and the
strength in the Iron Mountain 5s, there was
little feature to the dealings i'll railroad bonds
to-day. There was firm tone, and the bus
mess done was. as rule. well and widely
distributed, the Kansas d Texas Is contrib
uting Sis, O0n to the DAYS total of ST. 1885,
600. The Posts financial article says: 1.-THE
declaration of extra dividends of / per
cent each on Lake Shore, Michigan Cen
trail ana Canada southern tnlS morning IN
addition to their regular dividends of 2 2
and "a per cent, respectively, for the half
year, set the stock market off on O buoyant
tide of speculation, and about IL O'Clock
every stock on the list was higher than it
closed last night. The street has at last been
converted from very disguised temper, re-
sulting from frequent disappointments in
the last six weeks in regard to the expected
rise in stocks, to a much more sanguine view
of the whole situation. The extra dividend
on Western Union last week, and the f1atter-
ing report of the Missouri Pacific OF yester--
day helped to prepare the speculative public
for the change OF sentiment which was very
stocks were higher, though there is nothing
looks any better than it did yesterday
looks as well as week ago, SO far as their
coal trade is concerned. But the dividends
declared by the Vanderbilt stocks this MORN
ing have com pletely clarified the situation
because everybody has confidence i'll the
statements that the dividends have been fair
" and fully earned, and this being the case
it is one way an Endorsement of the dividends
declared by other properties" Governments
dull but firm. State bonds dull but firm.
The total sales of stocks to-day were 304,'
9l9 shares, including: Atchison, 1913 ::
Canada Southern, 1861; Delaware, Lacka.
wanna IL Western, 2S,6SO; Lake Shore
4, 535; Louisville Il Nashville $500: Mich
igan Central, 1858: Missouri Pacific, 81, 1879
Northwestern, 3,755; Northern Pacific pre-
ferred, 6,2l5; Reading, "a LOO; st. Paul,
20,ST5; Texas Pacific, 1866; Union Pacific,
1850: Western Union. 34l0.