The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-12
DOMINION OF CANADA
WALL STREET TALK.


Intimations are forthcoming that the vart-
GUS Cuban resolutions in the senate will re-
main in the hands of the foreign relations
committee, possibly till after the holidays,
but, though fear On the score of Cuba has
measurabiy subsidized in Wall street. it has
not been followed by any development. of pub
lie interest in the market. f-C
Bonds, particularly the better grades of rail-
road mortgages, and strong, and this fact is
the subject of both attention and favorable
comment. The investment demand for gilt
edge securities holds out very we'll, and Is
expected TO increase on account of the Janu-
airy interest payments.
1t rumored the board that the
selling of General Electric was for account
of prominent operator, who picked up
5000 shares around 80 to 81.
Bank statement tomorrow will probably be
another good one but the market needs soma
decided news to break this dullness.
The Statist estimates that ten of the twelve
leading railway companies will pay larger
dividends for the second half of 1896 than for
the same period of last year. and one other
may increase, leaving only to maintain
the rate. The increases range from A6&
to l per cent and the amounts paid for the
half year from IA or to 8A per cent.
FOREIGN FINANCIAL.
NEW YORK, Dec 11-Eyening Posts Lon
don financial cablegram: The settlement
having been satisfactorily concluded the tone
OF the stock markets today was good The
mines, which due to covering by bears.
Home rails also rose sharply on hopes that
the expected strike may be averted Amer
leans were steady, except Louisville and St.
Paul, which were dull on the New York
lead. South Americans were strong. Brazil
exchange improved lid. Indian council
drafts sold up shilling and 8 5-32d. Money
was IN strong demand and the Bank of Eng
land lent a considerable amount to the mar
ket for week at per cent. The Paris and
Berlin markets were firm.
INSURANCE RECEIVER.
SYRACUSE. n. Y, Dec. 1.-THE CONNER
one Of the oldest cooperative insurance COM
panies went into the hands of receivers
today. The order was upon the application
of the attorney generals office on the ground
Of insolvency. The assets of the company
are 10000, but liabilities 500, 000 Jacob Amos
and James E. Ratchford are the receivers.
NEW YORK MONEY.
NEW YORK, Dec u-Money on call easy
at a1o. l@l per cent last loan ~ per cent
paper, 415 per cent. Sterling exchange steady
with actual business in bankers bins at
$4.S61$g4S6 for demand and s4.sS12G4. S3%
for sixty days Posted rates. $4.S41904S716.
Commercial bills, $4.S2h. Bar silver, 65sac
Silver certificates, 65as@65%c.
BANK SUSPENDED.
NIAGARA FALLS, N. Y, Dec 1.-THE
First National bank OF this city did not open
it's doors for business this morning A few
days ago the Niagara Glazed Paper company
failed and several of the bank directors were
hard hit by the failure This was generally
KNOWN ana Jnere haQ Deen a run on the bank
for few days past. These facts and the
failure Of the newly elected president to quail
ify caused the suspension.
U. P. TIME EXTENDED.
NEW YORK, Dec. 1.-THE reorganization
committee of the Union Pacific railroad COM
pany today addressed a circular to the hold
ers of securities OF the company's main lines,
inclusive Of the Kansas Pacific, explaining
the decision to extend to June go 1897 the
time during which the plan and agreement
may be declared operative.
TREASURY STATEMENT.
WASHINGTON, Dec. 11.-Today's statement
of the condition of the treasury shows Avail
able cash balance, s225. IA. 429; gold reserve,
$133 ia, 405.
CHICAGO MONEY
CHICAGO. Dec. 11.-Money steady: I'M
changed. New York exchange 40c PREMIUM
Foreign exchange firm; demand s4.eS7sc; sixty
days $4S3A
BANK CLEARINGs.
st. Paul-$S72. GS7.94
MinneapoIis-S1 720, 1859.
New York-Clearings, 500. 400. So9 balances,
Sc, 341, 1895.
Boston-clesrings. SIC. 1873. 7a5; balances, 81
246,718.