The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-28

ing the amount of traffic and the firm
rates reported FROM all over the country
d the N oafeqn r Pa nas ssou wP Pacific R
Louisville s. Nashville and Southern Rail-
way, are all notably strong and in good
sshares here today, perhaps Upwards Of
10000. In regard to Southern Railway
companys prospects. insiders tell US that
they have never been more brilliant. The
physical condition of the property Is very
fine, and the outlook for earnings most
f1attering. The preferred stock is on a 8
per cent basis, and in the next eighteen
per cent The same story Of good earn
ings also applies to Louisville & Nash
Vile, while bulls on Missouri Pacific talk
60 for the stock within the near future.
In the industrial situation the outlook is
not so clearly defined. The attempt to
interfere through the courts with the dis
bursement of the profits Of these COM
created dissatisfaction and distrust: There
has been some decided action within the
past twentyfour hours regarding the
American Malt company. Parties largely
interested and strong financially have
practically agreed to take care of the
companys floating debt and to insure for
1t more careful management of its fin
ancial affairs; after the severe decline i'm
price of the securities during the past few
weeks they ought to be cheap. There is
nothing new to add about the money
situation. Call money has been up to Z
per cent today, while little more liberal
ity is shown In the class Of securities Of
fered in loans on time. Altogether the
situation is hopeful at the moment and
as far as the railroad list is concerned
higher range of prices seems more than
likely"
Bartlett, Frazier & Co., Chicago, tel
Bedell stock brokers and commission
merchants, 10 Endicott Arcade, ST. Paul,
Mimi: Price Mccormick: stock mar
ket generally strong, with good buying
bought 1880, and is still buying Southern
Railway. The street is inclined to be
bulls H., on Louisville & Nashville and
h ing of souther% Railway 0 preferred eoS
tinues to be exceptionally good; with
earnings. as at present it is reasonable
to look forward to per cent DIVIDEND di
same source that has been uniformly
right on Tennessee that another upward
move is likely at any time: A quiet &C
on for some time, and my information
says expect movement very soon. Selig-
man bought Tobacco this morningl,500
shares. The stock is strong. PEACHES:
junction suit at Peoria in a few days
asking to restrain Glucose company
against paying its dividend until an ex-
NEW YORK MONEY-New York, Oct.
27.-.Money on call nominally at e@7 per
cent. Prime mercantile paper, 5@51a per
cent. Sterling exchange firm, with &C
tual business in bankers bills at $481GD
4S7A for demand, and at $4.S3@4 s3A for
81 sixty otya days s4y posted rates s4;s4@ s! and
4S21A; silver certificates, 5sQ59c; bar sill
yer, 57%c; Mexican dollars, 47Kc
FOREIGN FINANCIAL-New York,
Oct. H.aoThe Commercial Advertisers
London financial cablegram says: 1.-THE
market here opened rather dull today, but
became hard on the early news of the
victorious sQrtie at Kimberley. The close
was cheerful on an unconflrmed rumor Of
a fresh victory at Ladysmith. Americans
were hard throughout the session and
closed at the best. They were fairly ac-
tive Favorites were Southern railway is
sues Louisville & Nashville and Chesa-
FRI TRE& a H13; sTATEMENT-washing-
ton, Oct. 27.-Today's statement of the
condition Of the treasury shows: Avail
able cash balance, 1922, $40, 919; gold re-
serve, $253, 535, 1874.
BANK CLEARINGS.
ST. Paul, 81, 301, 5S476
Minneapolis. S2,340,050.
Chicago, $50, S75,331.
New York, $3.50 49, 94.
Boston, s22036, 1858.