St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-14
GERMANtA BANK.
isTATB BANE.)
FkLD UP CAPITAL, $500. 600.
Surplus and undivided profltS $1,000.
ALEX. RAMSEY, WILLIAM BIckEL
President Cashier
FINANCIAL.
New York.

NEW York, Jan. 13-Clearings, $40, e07.-
$50: balances, S5,560.925. Money on call
closed ranging from 4 10 IL per cent; last
loan s; closed offered at 6. Prime mercan-
tile paper, 54GD7. Sterling exchange dull
and steady at 81 50 for siXty-day bills and
81. S6l2 for demand. The stock market was
quiet to-day. with the usual prepondeTance
of few stocks in the amount of business
done and a general sagging tendency car
Tied prices down fractionally in the general
list while few stocks were again positively
weak and in some of them material losses
were scored. Reading and its affairs were
the great center of interest, and the dissatis-
faction over the condition Of affairs was
shown in the pressure of long stock
for sale in the early dealings The
decision denying the injunction against the
voting trust. was known shortly after the
opening of the board. but seemed to have no
material influence upon the course Of the
stock, as il leave things just as they are and
is regarded as A substantial victory for the
CorDin party. The bears seeing the drift of
the stock proceeded 10 cut the market away
from the long sellers. and large blocks of it
changed hands in the first hour. resulting in
a decline of u per cent. The other coalers
sympathized closely with Reading and Jersey
Central and Delaware & Hudson sold at ma
terially lower prices than last week. the
former at its lowest price showing a loss of
5 per cent Lackawanna was active. but was
still well supported. though il sagged of with
the others and closed with loss Of over |
rest of the list. Though New England displayed
considerable strength in the face of the early
declines. as did also the Wheeling & Lake
Erie stocks and sugar refineries The last
named in fact was the only really strong
stock in the market, and stands alone this
evening in showing material Improvement.
Kansas d Texas was weak throughout but
rallied slightly toward the close when cover
ing of shorts caused 6 slight rally in the gen
eral list, and the coal stocks. especially Jer-
sey Central. rose considerably above the low
est figure. There was some favorable news
received, chief of which was the arrange
Central and Union PacifcS, but the other
items were Of small Importance. Money was
subjected TO little furry ana the rate on call
went up to IL per cent, but this figure was
not held, and loans were made rs low as 1 per
cent afterward. The market closed quiet ard
firm on the rally. Railroad bonds showed q
moderate volume OF business and the Kansas
IL Texas issues as well as the Read ing
bonds were conspicuous for animation and
weakness. Out of the total Of S1.6l4, 900 the
the Kansas II Texas Is sold S ~, 900, the 6s
Sl39, 00o, and the Reading lists S15s, 90 =.
None of these bonds scored any material loss
and the tone OF the rest of the list was de-
cidedly firm for the active issues. many of
ST. Louis Equipment 6's rose 3le 10 Cd. Gov
eminent bonds have been duh and steady
State bonds entirely neglected. The total
sales of stocks to-day were 2o7.S95 shares,
including: Delaware, LackaWanna & West
ern, 30,93S: Kansas x Texas, 5.945 Missouri
Pacific, l0,4I0; New Jersey Central. 3 70;
Northern Pacific preferred, 6,T20: Reading
S3.3SD; Richmond d West Point s. 292: ST.
Paul, 10.0l0; Union Pacific, g. 800.