The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-02

the old year, believing that the public will
come In early In January. AS to that we shall
soon see The point to be noted is that the
outlook for very cheap money is not so pro-
nounced as 1t was year ago, while with the
exception OF mines, prices are generally high
Ell, and in some cases at record quotations.
Inc coin and bullion In the Bank of England
increased this week f349 900, of which f95 900
was gold imported for the week The mar
ket probably borrowed about 600 today
the return. Briefly put the position to date
between the market and the bank is this:
During the last three weeks the market Dor
half has gone to swell the other deposits, as
cabled to you on Dec. %. Some Of this Dor
rowing will spread over to the good of Jan
uary, but the bulk Of it will be probably re-
paid before the middle of the month. The
Paris market-was quiet, and the Berlin mar
ket firm. 1t is believed that, in view of the
conversion Of the Russian 4 per cent loan in
January, the monetary position in Berlin will
be made easier. Certainly no rise In the Ber-
lin bank rate is likely under ordinary circum-
stances, and reduction is more probable.
BANKS ABROAD.
LONDON. Dec. a.-The weekly statement
of the Bank of England issued today shows
the following changes as compared with the
previous account: Total reserve. increase,
bullion, increase, f349 172 other securities, in
crease "a, 914 goo; other deposits, increase, a.
1888. 600; public deposits, increase, f266, 900;
securities show no change from the last
statement The proportion Of the banks re-
serve to liability, which last week was as. 50
per cent, Is now 44.2S per cent.
Paris, Dec. 31.-The weekly statement of
the Bank of France issued today shows the
following changes: Notes in circulation, in
crease, 100000 francs: treasury accounts
current, decrease, 19,625, OOOf; gold in hand.
decrease, 49, SOC, 0OOf bills discounted, increase.
275. s25. OO0f; silver in hand, decrease, 5,S25f.
YEARS CLEARINGs.
NEW YORK, Dec 31.-The clearing house
statement for the year shows: Exchanges,
SIS SO rs o5s; decrease, ss71 021 sSs balances,
ances this year included 1870, 055 900 legal ten
der certificates. 1913 100, $50 legal tenders and
change, and 50, 1875, 900 clearing house certif-
Gates The banks in the association number
sixty-fve, with an aggregate capital Of $780,,
772,700.
TREASURY STATEMENT.
WASHINGTON. Dec. 31.-Today's statement
Of the condition Of the treasury shows:
Available cash balance. 1927, 615, 461. Gold re-
serve, $1S6, 746,47S.
RATE UNCHANGED.
LONDON, Dec. 31.-The Bank Of England,s
rate Of discount remains unchanged at 4
per cent.
MANHATTAN DIVIDEND.
NEW YORK, Dec. S1.-The application OF
Mortimer Hendricks to make permanent the
temporary injunction restraining the Man
n@can HleNdcSu railway company from de-
claring a dividend was denied today by Jus
tice Truax In the supreme court. The appn-
cation was based upon the allegation that the
dividend had not been earned.
CHICAGO MONEY.
CHICAGO, Dec. 31.-Money steady, un-
changed; New York exchange, 4Oc premium.
Foreign exchange steady; demand 81 So sixty
days. 81. 1890.
NEW YORK MONEY.
NEW YORK, Dec. 31-Money on call easv
at per cent. Prime mercantile paper 34@D41h
per cent. Sterling exchange steady, with ac-
tual business in bankers bills al S486Is0O
4.S6% for demand. and at $4S4h04. S4& for
sixty days. Posted rates. $4S49D4 S4h and
A.S7Q4.S8. Commercial bills, $4.S2h Silver,
certificates, 65@651ac; no sales. Bar silver,
64%c. m
BANK CLEARINGS. u
st. Paul. sos, 34419; Minneapolis. 81. 2o2 s
960.01; Chicago, H4. $50. ASS. -