The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-10
NEW YORK MINING SHARES.


Mexican ......... IL Yellow Jacket :. 20
WALL STREET GOssIP-New York
stock gossip. reported by H. Holbert &
Son. bankers and brokers, 341 Robert
street. National German-American Bank
D9ildlng. st; Paul Strong, Sturgis & Co.
wire US; The day brings with 1t con-
tinuance Of the high rates for money.
t ana great many anxious inquiries of
tie the money lenders by needy borrowers.
The situation is not improving, nor is
the hoped for relief at all in sight. AS
1act. there seems no good reason to look
for reduction of rates, but rather the
contrary. for the damand for money con-
ttnues from mercantile quarters, and the
powerless condition of the banks to ex-
therefore; for all borrowers. or those
likely to become so, to closely guard their
position, for they may see rates go to
an excessive figure. For ourselves, We
prefer not to increase our liabilities at
this time. feeling that the real value Of
securities has less bearing upon prices
than the ability Of the borrower to obtain
money or the speculator to carry his
stocks. 1t is time eminently demanding
caution. and we cannot close our eyes TO
the very inadequate support afforded
enforced liquidation come to a market
thus limited III it's buying capacity many
ruinous declines are inevitable"
Bartlett, Frazier & Co., Chicago. tele-
graphed the following to Edwards & be
dell. stock brokers and commission mer-
SSHHeIts E4oicott ARCADE. ST Paul MINI
Pacific. Would buy it on further decline. -
Hudson: 81 think there will be a
break Ge: int IN the market ''-Bartlett 4 Fra
caused decline in stock market. Hoop
er; professionals trying to break the
tobacco stocks, especially Continental, be-
cause public heavily long on It, but so
far are meeting with little success How
ever, 1 think it will go down. bow
Zones: Big steel deal, B. c. Fricke, ].
hold an option on the Carnegie plants for
$125, 00O 600. The contamination of the deal
involves the amalgamation of the Carne-
gle concerns and the American Steel and
Wire. company. Should this combination
be effected it would leave the Federal
Steel company, the. National Steel COM
pany and nd the American Steel Hoop corr
pany. Inc story is not confirmed"
BANK CLEARINGS.
ST. Paul-$946, o.
ca hIoagdP@saS, $40 'sSss7S. .l.,
New York-$231, 1856, $685.
TREASURY STATEMENT-Wash
ton, Nov. 9.-The statement of the con-
d1t1on of the treasury shows: Available
cc 5es 16 balances $2S3, 431; gold reserve.
FoRE1GN F1NANC1AI-New York
Nov. s...The Commercial Advertiser S
London financial cablegram says: The
markets here were slack during most of
the session. but closed firm except in
the American department. Securities in
that department opened above parity, aid
were bought rather vigorously for some
time. Business in them dwindled down to
small proportions, until word came of
the steady relapse in New York accom-
panied by sales from that city This
caused decline. and the close was at
the. worst. Southern Pacific being the
feature"
FOREIGN BANK STATEMENTS
Paris, Nov. 9-The weekly statement Of
the Bank Of France shows the following
changes: Notes in circulation, decrease
O., $4,000 francs; treasury accounts cur
rent. decrease, 9,52S, 900 francs; gold In
hand, increase, 2,357. 600 francs; bills dis
i G0q haed d SsPe fr frSnes silver
London, Nov. 6.-The weekly statement
Of the Bank of England shows: Total
reserve. decrease, ISIS, 900; circulation, de-
crease. e123, 900; bullion, decrease, e970, 5SS;
other securities, increase e480000; other
deposits. increase. 9524, 900; public deposits,
decrease, 865O, 900; notes reserve decrease.
e859, 900; government securities, increase
9270,0O0. The proportion of the bank S
reserve to liability is 42S3 per cent: last
week it was 1890 per cent Rate of dis
count unchanged at 5 per cent.