The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-31
NEW YORK MINING SHARES.

stock gossip, reported by H Hobert &
Son. bankers and brokers, 34l ROBERT
street National German-Anerican Bank
building. st. Paul: Strong, Sturgls d Co
wire us: 1.-The market for good stocks
and bonds showed distinct substance this
morning and an Improvement was Cd,
served in many of the leading shares ara
a fair demand. Among the induStrlA~,
however, there was further liquidation
and consequent pressure to sell, causing
lower prices and a feeling of uneas1uess
and distrust With these Steel securities
ard The very large earnings and profits
that are being legitimately made the dis
appointment among holders is great:
Dividends had been fully anticipated, but
the policy of the directors and the heavy
expenditures for new property and plants
has crushed out the bulls and they are
steadily selling on a falling market and
with exhausted margins. Money rose TO
unpleasant figures toward the close of
the day and the high rates gave bearish
tendency to room trading. No one doubts
the ability of the various corporations
to earn money, but the buying power OF
the public is curtailed by the poor credit
of induStrialS and the general conditions
of the money market
Bartlett Frazier & Co., Chicago, tele-
graphed the following to Edwards &
Bedell, stock brokers and commission
merchants, ITO Endicott arcade, St. Paul:
Bartlett Frazier & Co: 'Advices from
short time some additional news will be
forthcoming regarding the refunding of
the Chicago, Burlington & Quincy. Atch-
ison has just made two valuable acQul-
sitions. The most important one is the
Hutchinson & Southern. This line was
formerly Rock Island feeder. Atchison
expects to derive much benefit from 1t.
The other is the fawa Central, the use
means of traffic alliances. Dow-Jones-
I'VE are told that Peoples Gas is in
corporated under a special act of the
Illinois legislature which authorized the
consolidation of the gas companies in
companies in any city of the state. The
company is not affected in any way
Lisman-"Buy Wheeling & Lake Erie
first; have good tip it will sell higher"
Morse-"The street is full of big bull tips
en- Sugar, but I am told to buy it only
on breaks; this is from the same people
NEW York MONEY-New York, OF.
30-Money on call firm at 6d31 per cent;
last lcanr. 20. Prime mercantile paper.
@4S6A for demand and at $i.SS@t.S3A for
sixty DAYS; posted rates, $4Sl@t4; S412 and
$t.Ss@tsSR: commercial bis: 1882. 81
TREASURY STATEMENT-was
ton. Oct. 30.-Today's statement of the
able cash balance, $.99,7S4,7 o4; god re-
FOREIGN FINANCIAL-New York,
Oct. 30-The Commercial Advertise + s
London financial cabegram says: THE
markets here We're cheerful in tone: clcs-
ing at the top on the reports of the
fighting at Ladysmith. Consols he'd
firm Americans were congSpicuous beng
ly on almost any bid There was some
public buying. Berlin was a free pur-
chaser. The end Of the session saw
prices at the b st of the day. The chief
incentive was the belief that the money
corner has been turned. Favorites wers
louisville & Nashville Atctison pfd and
Southern pfd" 4
NEW YORK COTTON-New York Oct.
30.-A better feeling in the local cotton
markets was generated by a bullish class
of English cables and reports of heavy
frost in the northern portions of the
Western belt.
BANK GLEARINGS.
st. Paul-s947,Ss4,1
Minnea polis-$2,16s 23s
Chicaeo-S2' ,74f, Go. -
New Yo,k-$1f9, 2f6 92S
Boston-$17 ,665, lJ9.