The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-22

WALL STREET GossIP-New York
stock gossip, reported by H. Holbert &
Son, bankers and brokers, -341 Robert
building, st. Paul: Strong, Sturgis & Co.
wire US: Speculation in our market con-
tinues very dull again today, with many
OF the earmarks of a midsummer mar
ket given over largely to transactions
made by traders. 1t is, however to be
noted that the best class of stocks like
New York Central Northwestern and the
very strong with an advancing tendency.
In fnduStrlalS we have not as good a re-
port to make. The matter of the eel
& Wire dividend is still in doubt. We
think the injury to the security has al
ready been done,a and from a market
point of views the stock will take some
time to recover whether it receives a div
idend or not. American and Continental
Tobacco have been the principal targets
for attack in this class of securities to-
day, with plenty of rumor regarding
properties which are most of them I'M
worthy of any belief. Indeed, as far as
American Tobacco is concerned, we can
not hear of anything derogatory to the
affairs of the company, and, for our part,
we think the stockiis very good. 1t looks
as If those untried industrials will be
more or less distuI bing factor in our mar
ket for a while to come and we would
rather confine ourselves to the railroad
stocks
Barrett, Farnum & Co., Chicago, tele-
graphed the following to Edwards &
Redell, stock brokers and commission
merchants, ITO Endicott Arcade, St. Paul,
Mimi: Last Russian crop news less ia
vorable. Advices from Kansas are re-
porting some damage from black rust
Looks as though there would be fair
export business in wheat today. There
is good inquiry from the. continent. Pri-
vate cables cover continental situation as
follows: yBraila, Roumania, wheat about
70 per cent damaged Odessa wheat pros
ri for xr,Svo
wheat could hardly be better. Farmers
offering largely, Prospects In. ! Germany
NEUTRALITY-SUSPICIOUS. supported Federal
Steel. Good buying demand for Grangers
and Traction Coal stocks awaiting re-
suit of pending of conference with Nor
gan. Exchange market stronger Presi-
dent Hill, of the Great Northern, will be
here this week. Great Northern crop re-
ports unusually f1ne."-
NEW YORK MONEY-New York, June
N.-Money on call steady at 2@2la per
cent ntid last loan z per een1; prime mer-
change, steady, with actual business in
bankers bills at $4.S8a4.SSA for demand
and AS5%@4.S6 for sixty days; posted
bills, $4.S5@4.S5; silver certificates, 6Ok q
4S5Ic. i Si'vef' 007zc' mexican dollars
TREASURY STATEMENT-June a.
Todays statement of the condition of the
treasury shows: Available cash balance.
$272, S3s, 81; gold, $zs5, 572g75:
FORElGN FINANC1AL-New York
June 1.-THE Commercial Advertisers
financial cablegram says: 1.-The markets
here were affected by fairness in Paris.
They hardened finally on rumor that a
new ministry had been formed Spanish
soils fell to 107 Ills, closing at 107 1916
the lowest price this year This is due
to dear money fears and the suspension
of sinking fund purchases. Americans
were quiet and neglected. but rally was
caused in the afternoon by the buying
of New York Central, Northern Pacific
and B. & o. The Amsterdam bank rate
is up from PIX to 8 per cent
BANK CLEARINGS.
st. Paul-s627, eo5.s5.
Minneapolis-s1 D,03S
Chicago-$z2, 1872 $50
New York-S6Si0 ,345
Boston-$21, $40, 604