The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-09
NEW YORK MINING SHARES.


MeX1can So 81
WALL STREET GOssIP-New York
stoch GOSSIP, reported by II. HoIbert "
Son, bankers and brokers, 34l Robert
street, NduonaI German-Amercan Bank
building, st. Pau: StrOngi SIurglS q Co.
WIRE u.s. The uuIlneSs In the STOCK mar
ket is more Impressive today than ever,
ana speculation at times has been almost
at standsuu. Notwithstanding this
Stagnatlon, prices hold steady to strong
general list is but little altered from last
night closing, while certain stocks like
the coalers snow some advance. Money
rates rule about as yesterday although
money was offered On call freely at z1h
at times today and six and four months
money at AZ, and this on collateral made
up OF part by induStEialS.- Coal -:+uation
is attracting more attention, and there
are many lntimauons in street here that
TINS class OF securities will show a rapid
Improvement. u. q H, We think, ought
10 sell very much higher. Jersey Central
makes so eXceIlentwa statement that its
price should be influenced, while Reading
hrSt preferred viii undoubtedly move in
the procession. In discussing the general
situation here, of course, the question of
money is the only drawback to the de-
VelOpment OF bull market, and this very
care which the houses in the street are
exercising in providing themselves with
time funds may prevent any crisis in the
money market
Barrett, Farnum & Co. Chicago. teIe-
graphed the following to Edwards & Be-
dell, stock brokers and comm tssion mer-
chants, 10 Endicott arcade, St Paul,
Mimi; Stock market does not show
much snap, but is firm and fractionally
higher throughout, with not much pres
sure to sell 1t simply reflects uncertain
" over money situation, and diSinclina-
ton of big interest to do much until it
settles 1t is a traders market for a
point or two, and will be so all the week. -
London houses the trading on both
sides, principally buying but are not an
lmDOrtAnt factor Reading
on good buying. with strong tip of sharp
upward movement but met GOOD supply
of long stock and fell back on it, Paper
was bought and bid up on manipulative
orders. -" Sterling exchange is weaker
an Lice lower at $4S53A and is quoted
now at $4.S5% to &.S6 for demand bills
This is improving the tone of the general
stock market, although traders as a rule
are predicting a sure advance in bank
of England rate this week to per cent. -
NEW YORK MONEY-NeW York Aug
8.-Money on call steady at Boa per cent
last loan, 312; prime mercantile paper, 40
AZ per cent. Sterling exchange easy, with
Q4.86 for demand and at $4.S2A Q4.821a for
sixty days; posted rates. 81. 83' '14&, and
$487Q48!1a; commercial bills, SASH. Sill
yer certificates, 6O1A@6lc; bar silver. 6O14c;
FOREIGN FiNANCIAI-New York
Aug. S.-The Commercial Advertisers
London financial cablegram says: THE
markets here were idle today, except for
Australians. Most of the jobbers are
prolonging their holidays. Americans
opened lower and were dead ali day
though New York attempted to galvanize
them. The close was weak all round"
TREASURY STATEN INT = Washing
ton Aug. 8-Today's statement of the
condition Of the treasury shows: Avail
able cash balance, $275, 1903, 646; gold re-
serve. $244, 382, 404
BANK CLEARINGS
st, Paul, $717.35412; Minneapolis, 81. 237, :
$50; Chicago So, All, 319; New York STA
S79,O31; Boston, -$22, 039 06S.