St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-28
GERMANlA BANK.
(sTArE BANK.)
PAID UP CAPITAL, 100000.
Surplus and undivided profits, S55, DO.
ALEX. RAMSEY, WILLIAM BIcKEL
President Cashier
FINANCIAL.
New York.

New YORK, JAN 27.-Clearings, S7s, 49,
299: balances. S3.973, 1863. Money on call
easy, ranging from to per cent; last loan
5, closed offered at 8. Prime mercantile
paper, 5@6I2. Sterling exchange quiet and
firm at S4. S3H for sixty-day bills. and 81. STA
for demand. In the stock market to day, adj
ditional evidence that a complete change has
occurred in the temper of the speculation
was shown, and the broadening tendency of
the market which was so marked last week
made further progress to-day, the dealings
extending to much larger number of stocks
than at any time within the past year, while
the interest was again monopoliZed by low
priced shares; the business done exceeded
that of any day for the past two months. A
feature Of the dealings was the activity
among some stocks which have not been
traded in to any extent il months, and the
fact that the increase i'll the business was
entirely among new set of stocks which,
with but few exceptions. are low priced Sc
curities, was the subject of universal remark.
There was undoubtedly heavy realizing dur.
ing the day, Notwithstanding the fact that
the taking of profits Saturday was of such
magnitude; but the market continued 10
rise, nevertheless, and new stock pressed for
ward to join in the upward movement, and
the undertone of the dealings was OF most
pronounced strong character. The for
eigners were sellers OF stocks 10 a
limited extent in the early deal
ference i'll the rates for money ut The two
centers, had the effect OF stiffenng up the
rates for sterling exchange to-day. which
was also an element which worked against
the natural tendency of the market. The
foreigners, however were buyers Of their
stocks later IN the day, and especially of
Louisville d Nashville. American stocks are
the only securities which at present show
any strength in the London market, and the
DEPOSITION to buy them shows considerable
increase since tie rise started here. Among
the specialties Manhattan Yves the first feat
ure and it advanced nearly per cent, bat
r,s0
taken up by the bitulninous coal stocks, the
East Tennessee, Hooking Valley, Louis
vile, New Albany & Chicago; Chicago d
East Illinois ard others. IL the generally
active list the coal stocks we're inclined to
weakness, and Lackawanna first led off with
fractional decline, followed by Delaware d
Hudson. Jersey Central and Reading The
grangers were also rather sluggish in the
early dealings but later there was decided
improvement, which was led by Burlington
&. Quincy and Rock Island and st. Paul
joined in. In the last named there was be-
lieved to be considerable covering. The
Gould stocks were less prominent than last
week and the supply OF stock was about
equal to the demand. The great feature of
the day. however, was the renewal of tho
activity and strength in sugar retnerles and
Lead trust, the former being especially prom
inent both for activity and strength. The
dealings III the stock were accompanied by a
renewal Of the rumors OF an arrangement
with the outside retineries, and also OF the
story Of the resignation of the Havemeyers
which was again denied. The rise in sugar
was very rapid in the early trading, and it
was thought in the crowd that some Of the
seller 50 options put out at about Sd some
time ago were being covered, and from 1898
at the opening it advanced to 62l2, around
which figure 1t was held during most of the
remainder of the day. but in the last half
hour it was pushed up further to 60, closing
at the latter price. Lead was not so active,
making only q fractional advance for the
day. The general list was more active through
out. and fiuctuated within narrow limits, but
demonstration in the last hour which, with
the realization, caused setback all along
the line. and the close, while active, was
rather heavy. The great majority of the list
is fraetionally higher tonight. The bond