The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-28
MINING STOCKS.
*Asked
GOSSIP OF THE STREET.

Gossip loss !, by private wire to 9. H; F. Smith
& Co., st. Paul, members New York stock
exchange and Chicago board of trade.
The market was very dull. The president
OF the Atchison says that between now and
next July the company will spend 1900, $50
for improvements most Of which will "a. into
iron bridges and steel rails.
We believe the fear Of harm to come from
the meeting of congress is vastly over-esti-
mated, and we believe that early in December
we shall see much better prices.
Markets abroad are narrow, traders being
responsible for most of the transactions.
Our market looks as if the short interest were
increasing.
Reading was quite weak today, people argu-
ing that when the securities Of the new COM
pany are issued, which will probably not take
place for sixty or ninety days yet, the new
common stock will be $40 600, 900. which is an
increase of nearly 100 per cent over the pres
ent capitalization in common stock, still it
does not change the status of the company
much, as the present income bonds and COM
mon stock Will equalize the new issues Of
nrst and second common stock.
Large operators in the street are still look
ing on, and the expectation is that no de-
cided movement will be made till the presi-
dents message is publised.
The conviction is steadily growing that
nothing will be done by Cleveland on the
Cuban question. He may suggest duties on
tea and coffee and increased tax on beer,
There will be no radical action taken either on
tariff or martial measures at Washington this
winter.
The big operators seem to be arranging to
take action on the long side. There is quite
a fair general outstanding short interest in
the grangers. The Morgan following are
Northern Pacific issues, but likewise with
Southern Railway preferred and the Fries.
The bank statement tomorrow will make
another good showing.
Chicago closing a year ago today was: May
wheat Coo; May corn, 287sc; May oats 20%cs
May pork. 1920; May lard, $780, May ribs,
$40; May fax, 97Ac.
LONDON FINANCIAL
4 London financial cablegFami The stock mar
= kets were lifeless and dull today except for
consols, which rose to 111% on the belief
that the centango at the monthly settlement
to commence tomorrow will be above 31z
per cent. Other gilt-edged stocks were firm
in sympathy. American mines and other mar
of the Bank of England is strong one. The
coin and bullion increased fS72, 600. although
only f227 900 Of gold were imported for
the week, that coming from Portugal. The
reserve has increased f5OO,O The Paris
bourse dull and nervous, pending the
monthly settlement next week, and this not
withstanding the fairly general Improvement
in values during the month. The Berlin mar
ket was steady.
READING OFFER ACCEPTED.
PHILADELPHIA, Nov. 27.-At meeting
Of the stockholders Of the Mine Hill Schuyl-
kill railroad today, it was agreed to adopt the
Philadelphia e. Reading companys offer OF six
per cent on the capital stock Of the company.
Previous to the reorganization of the Phil
adelphia G Reading company, the Mine Hill
company was paid eight per cent. This is the
first step of the Reading company towards re-
ducing its rental obligations.
NEW YORK MONEY
NEW YORK, Nov. 27.-Money on call easy
at 2GD21a per cent; last loan, 212 closed at
2h. Prime mercantile paper, 4Q5 per cent.
Sterling exchange firm, with actual business
in bankers bills at 4.S61&G4. S6a4 for demand
and 81 SO for sixty days. Posted rates, 81 $50
@4.S4 and 81. S7G4. 871a. Commercial bills,
$4.S2. Bar silver, 65%c. Silver certificates,
65A@651ac.
JUDGMENTS CONFESSED.
CHICAGO, Nov 27-shoninger Levy & Co.,
WHOLESALERS dealers in laces, confessed judg-
$50, coo, the Corn Exchange bank being a
creditor for $40 zoe. The exact assets are not
given, but the liabilities are placed at $75,.
600.
CHICAGO MONEY.
CHICAGO, Nov. 27.-Money steady at 6@7
per cent New York exchange 55c premium.
Foreign exchange firm; demand 81. S634 sixty
days. $4.85A.
PRIVATE BANK FAILS.
SOUTH MALLISTER, l. T., Nov 27-G.
A. Gill, proprietor Of the South McAllister
bank, assigned today to W. B. Rutherford.
The assets amount to about SIS Co., with
liabilities-of about $37, O00 No cause is given.
TREASURY STATEMENT.
WASHINGTON, Nov. 27-Today's condition
of the treasury shows Available cash ball
ance, 1927, $40. S07; gold reserve $129, $50 1875.
BANK CLEARINGS.
NEW YORK. Nov. Chickering's, $133, 597,-
OBJ; balances, So, LIS, 288.
Boston, Nov. 27.-Ciearings. SIS. 40, ISL; bal
ances, $2.SS0.936