St. Paul daily globe., 1891-06-20
GERMANIA BANK.
Estate BANK.)
PAID UP CAPITAL. $500, 900
Surplus and undivided profits, $4,000.
II. Is. STRAIT, WILLIAM BIcKEL,
President Cash.e
FINANCIAL.
Nn NAl-

NEW YORK June 19-For several days
there have been persistent reiteration OF
rumors that gold was likely to go out this
week, and to these assertions the tendency in
exchange gave some probability. but the re-
ductlon in the Bank OF England rate and the
generally better feeling and conditions Oh the
other side were felt to be against such move
ment, and while there was the usual hesi-
fancy about buying no new ventures were
started. To-day, however, the street was
treated to the surprise of the taking of over
s., 100000 for exports by tomorrow s steamers
and stood the surprise very well. The fact
was made, as was to be expected, the oppor-
tunity for a bear attack upon the lead
ing speculative stocks, but there was
no long stock brought upon the market
and while the lack of support rendered the
marking off of prices a comparatively easy
matter, the movement was spasmodic and
The most intense dullnesS marked the trad
ing after each drive. The movement is felt
to be only the remains of the one gone be-
fore, and while the possibility, and even
probability Of further exports from time TO
ii me are acknowledged, no apprehension as
to the state OF the money market is now felt
from the consequences of such movement,
while the favorable conditions both at home
and abroad are continually kept in mind and
the usual conservatism is shown on the
part of holders. The strength in silver was
also to-day an influential factor in sus-
tanning prices, the revival of speculative
interest in the metal taking some of
stock market, however, was even narrower
than usual Of late, and, outside of the half a
dozen stocks which now monopoliZe atten-
ton, the movements during the day were en-
tirely insignificant. Among the leaders,
however, losses of from 81 10 W. per cent
were sustained. These stocks include st.
Paul. Chicago Gas, Louisville Atchison. New
England, Rock Island. Wabash preferred and
Wheeling IL Lake Erie preferred. The open
ing was dull and steady, but the shipments
of gold soon started selling by the p1ofes
sionals, and more animation was accom-
panied by persistent decline, which, how
ever, was made in spurts and followed in
every case by increased dullness. The market
showed the effect of the shorts put out
earlier in the day in the final dealings
and fractional rally took place, which
closed the market firm at the improvement.
The final changes are generally small losses,
but Jersey Central and New England are off
1 per cent each, while silver is up 1lsc. Rail-
road bonds were a little more active, the
increased interest was seen in the firmer tone
presented, and which prevented any mater
ial change in prices against the influence of
the day in the share list. The only move
ment of importance was the rise in the Nor
folk & Western 5s to 93 from SSl2 The
rest of the list were quiet, and held fairly
steady throughout. Government bonds have
been dull and steady. State bonds have
been dull and steady. Petroleum opened
steady, and declined slightly on few selling
orders from the West. The market then be-
came dull, and remained SO until the close
Pennsylvania oil. spot, closing 67Ac; Jniy
option, sales opening 6Sc. highest Csc, lowest
67s5c, closing 67l2; total sales. 900 bbls.