St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-26

| pienty OF Inc stock was supplied. and II
mace little movement. Chicago bought q
ME q tie general list, but was not special \
conspicuous. The market as a whole wa,
htlii broader than that of yesterday and
steadily improved from the opening 10 the
c.ose, and the demand was apparently for a
stf0nS Dull interest. The large increase in
the oank reserves removed all fear III &
monetary squeeze for long time to come
and upon the issue Of the bank statement
to-day the buying became more pro
nounced and the upward movement
was accelerated. Manhattan led an advance
DAY. The lowpriced shares again alb
sorbed most OF the speculative attention. and
were steadily bought, all Of the important
gains Tor the day, outside of Manhattan he
ing IN those stocks Reading was by far The
most most actlve stock, aud touched 40 undel
buying. which is believed to be for both sides
OF the dispute III the company. while the
other coaleTs were neglected. The final
changes are all in the direction Of higher zig
ures tonight and Chicago & East Illinois
rose 20. the preferred pa; Manhattan, rs ::
Ieorla, Decatur & Evansville. 2i2; Sugar. y :;
tennessee coal, preferred, 1l2: ana Evans
vile q Terre Haute. Ia Railroad bonds
were also more than usually active, and
the dealings for the two hours were
VI .261 90, which was we'll distributed
Inc market was strong throughout though
lew issues show declines. Gulf. Colorado
& santa Fe lists certificates rose 2la 10 li6
Ihe sales OF bonds for the week aggregated
S9'62o,0 600 against 81, 232, 900 for last week
The Post says; This morning il was fore
gone conclusion that the tank statement
would De very favorable. II was known that
money was becoming very abundant in Chi
cage. exchange there was in favor of New
ORE, and the bond purchases and interest
payments by the treasury We're beginning 10
nave an effect on the money market here.
Soioer weather aud large outstanding short
interest nelped to advance the anthracite
coal stocks and it was apparent that at least
come part OF the outside public were taking
more interest in the stock market,
I ibe '1aS SPECULATION was increasing
IN sections of the country where they are not
anected by the competition and rate cutting
among the granger roads west of Chicago,
nor Oy the depressed condition OF the Ar
tnraclte coal trade. Under these circum-
stances 1t was not surprising that the market
opened with advances of Ia TO Sc on about
every stock on the list, and continued to adj
vance with the increasing activity OF the
market up TO the close at II o'clock. The
oank statement announced at i1:I0 vas
iully as favorable as expected by the most
sangnIne, and relieved the minds Of spccu-
Iators OF the last remaining doubt about The
money market: The deposits showed al in
crease OF $3,719, 800, put the surplus reserve
showed an increase of S7,250.625, concur
rent with decrease of S3.2TG700 in
tne loans. This last item was significant of
the INABILITY OF the banks to find EN- ployment
Tor thelr surplus money, and also indicated
that those who are carrying stocks must
have paid for them and taken them out OF
tne market and out of the collaterals for
loans to larger extent than usual. though,
OF course, there has been also large liquida
uon OF commercial loans incident 10 the
closing up of last years business. After the
bank statement the stock market was is 10
q higher for nearly every stock on the list.
government boHGs dull and barely steady.
State bonds neglected. The exports of spe-
Gle from the port of New York last week
amounted to 1921 ,O21, of which SIS, OBI
was gold and $2S3, 900 silver. OF the total
gold exports S15.752 went to Europa and
S22, 26s to South America All the silver
went to Europe. The imports of specie at
the port OF New York amounted TO S5O2.97s,
OF which $4S9, 976 was gold and S5:, OO2 Sill
yer. The total sales of stocks to day were
1929 shares including Chicago & East
ern Illinois, $50; Delaware. Lackawanna Il
western, 4, 240; Erie, $3.50; Louisville &
Nashville, 1910; Manhattan Consolidated,
8, 297; Missouri Pacific, 4 POS; Northern Pa
elfic preferred, 4.732: Oregon Transconri-
Mental, ago; Reading, 26.3o0; ST. Paul,
~'SSc'