The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-24
JAMESON, HEVENER Z CO.,
Flour, Feed, Grain. HaY. Etc,
WALL STREET TALK.


Tobacco directors propose to pay per cent
on common stock and call 1t quarterly.
Tobacco people talk of a 2 per cent divi-
dend on common, they also mention the pos
slDlllty OF redeeming the scrip in cash. How
THIS latter payment is a bull argument on
common stock is not explained.
Despite the fact that the general street Is
Dearlsn and has sold out pretty we'll all the
stocks which were bought after election still
1t looks az If buying in the market was bet
ter than selling and as IL stocks were going
slowly, but surely, from weak to strong
nands. The strength Of wheat is good
feature and fact that the next crop of wheat
which is the July option, Is selling above rs
cents insures good return for the wheat
farmer, which, in time. will turn out to be
powerful factor on the bull side.
TELEGRAPH EARNINGS.
NEW YORK, Dec. 23.-The Central & South
american Telegraph company today declared
a quarterly dividend Of ~ per cent. The
Der dividend, Of $6M, 40; three months traffic
receipts, partly estimated, to December 81,
VIZ $2Sl goo; three months operating expenses,
VS., OOO The board of directors Of the Mexican
Telegraph company today declared a quar-
terly dividend Of ~ per cent. Three monthsl
traffic receipts to December 81 are estimated
as $S6, 5S6; operating expenses for the same
period, $40
FOREIGN FINANCIAL.
NEW YORK, Dec 23-The Evening Posts
London financial cablegram: Americans were
lower today in sympathy with New York The
bank failures in the United States will, per-
haps, deter purchases here of Americans but
they do not cause realizations. Well informed
people looked for something of the kind,
ana they expect more. Financiers here still
lands Indebtedness to the United States, as
reflected in boarded sterling bills, than New
YORK cables report.
MONEY IN PLENTY.
NEW YORK, Dec 23-The money market
has not reflected in the slightest degree the
successive out-of-town failures, and today's
shipments to the interior were very moder-
ate. The supply Of available funds is very
large, and in view of the impending heavy
disbursements by the government and by rail-
road and other corporations, at the end Of
the year, the tendency of rates is towards even
greater ease. The demand for money is very
light.
BUSINESS DIFFICULTIES.
SIOUX CITY. Ia, Dec. 2S.-The Parsons
Pelletier Dry Goods Co., one of the largest
houses of the kind in Sioux City, did not
open for business today. The stock Is in the
hands OF mortgages who hold claims against
Toronto. ont, Dec .23.-MacPherson 8
Co., hat manufacturers, assigned today The
estate is a large one. No statement Of liabill-
ties has been prepared.
NEW YORK MONEY.
NEW YORK. Dec. 2S.-Money on call easy
fered at IL Prime mercantile paper, 31k
G43. Sterling exchange easier, with actual
business In bankers bills 81. ST for demand,
rates, s4.84K@4 1914 and 81 S71sQ4. 8S. Com
merclal bills, "a S22. Bar silver, 65asc. Silver
certificates. 651sc.
BANK CLARINGS
st. Paul-$774, 472.S6.
Minneapolis ,SS2, 557. SO.
New York-Clearings, $91, 91S, 9S2; balances,
81, $50, sos.
Boston-Clearings. s14,6 s,s11; balances, 81
925, ia.
RUBBER DIVIDEND.
NEW YORK, Dec. 23.-The directors Of the
United States Rubber company, at a special
meeting this afternoon, declared a dividend
Of per cent ON the common stock The only
previous dividend on the common stock was
2k per cent, declared in March. 1895.
AN EXTRA DIVIDEND.
NEW YORK, Dec. 23-The Pennsylvania
Coal company has declared an extra dividend
Of 5 per cent on it's stock The regular divi-
dend rate is 16 per cent per annum.
CHICAGO MONEY.
CHICAGO, Dec 23.-Money steady. I'M
changed New York exchange par. Foreign
exchange steady; demand Sassy; sixty days.
81 .SS1z.
TREASURY STATEMENT.
ment of the condition of the treasury shows.
Available cash balances, $225, 318, 80; gold re-
serve $134, SIC. 998.
DOORS CLOSED.
AUBURN, Me-, Dec. 23.-The American
Banking and Trust company, Of Auburn,
closed its doors and made application for q
receiver today
INDIAN RATES RAISED.
BOMBAY, Dec. 23.-The Banks Of Bengal
and Bombay have raised their rates of dis
count to 10 per cent.