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

inc 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 LOT very cheap money Is not 80 pro-
nounced as 1t was a year ago. while with the
exception of mines, prices are generally high
gr ana In some cases at record quotations,
me coin and bullion in the Bank Of England
increased this week f349 ,OOO of which fS5. 900
was gold imported for the week The mar
Ket probably borrowed about e, DOC, 900 today
from the bank, and this Is not included in
the return. Briefly put, the position to date
between the market and the bank is this:
during the last three weeks the market bor-
roWed tlO, 100000, Of which only about one
half has gone to swell the othar deposits as
cabled to you on Dec. o. Some of this bor-
rowing will spread over to the good of jan
uaIy' but the bulk Of 1t will be probably re-
paid before the middle Of the month. The
Farls market was quiet, and the Berlin mar
ket firm. 1t is believed that in view of the
conversion OF the Russian 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 a reduction is more probable.
BANKS ABROAD.
LONDON, Dec. 31.-The weekly statement
Of the Bank of England issued today shows
the following changes es compared with the
previous Pre- d account: Total reserve. increase,
bullion, increase. f849, 172; other securities, in
crease "a, 914 000 other deposits, increase, a.
re geDo GSR4ss @ @
securities show no change from the last
statement The proportion Of the banks re-
per cent is now 44.2S per cent.
Paris, Dec. 31.-The weekly statement Of
the Bank Of France issued today shows the
crease, 21O, 900, 800 francs; treasury accounts
current, decrease, 10, 625, 0O0f; gold in hand,
decrease, Is, $780, OO0f; bills discounted increase.
275,925. 0Oof; silver in hand, decrease. 5,325f.
YEARS CLEARINGS.
NEW YORK, Dec. S1.-The clearing house
statement for the year shows Exchanges,
$38 $40 O56; decrease, $971 O21 1858; balances,
81, 1872 CSC, 4S0; decrease $166 1894 53S. The bal.
ances this year included 1910 O55, 900 legal ten
der certificates, $813, $50, 480 legal tenders and
change, and $685., 900 clearing house ceruf-
Gates. The banks in the association number
sixty-fve, with an aggregate capital Of $780,
IT, 700.
TREASURY STATEMENT.
WASHINGTON Dec. S.-Today's statement
of the condition Of the treasury shows;
Available cash balance, 1921, 615, 461. Gold re-
serve, $196.746473.
RATE UNCHANGED.
LONDON, Dec. 31-The Bank Of England's
rate Of discount remains unchanged at 4
per cent.
MANHATTAN DIVIDEND.
NEW YORK, Dec. 31.-The application Of
Mortimer Hendricks to make permanent the
temporary injunction restraining the Man
haitian Elevated Railway company from de-
clarng dividend was denied today by JUS
tice Truax in the supreme court. The appH-
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, Acc premium.
Foreign exchange steady; demand s4.S6; sixty
days, $4.83Bc.
NEW YORK MONEY.
NEW YORK, Dec. 3L-Money on call easy
at per cent Prime mercantile paper, 315@4K
per cent. Sterling exchange steady with ac-
4.S6% for demand, and at s48415G4 84a4 for
sixty days. Posted rates, $484Gl4. 841a and
$4.S7G4.88. Commercial bills, S4.8215. Silver
certificates, 6oQ651Ac; no sales. Bar silver
647sc.
BANK CLEARINGS.
st. Paul, $7O93H.19; Minneapolis, s., &c.,
96O01; Chicago 1850, 4S5.