The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-11
BOSTON. MINING SHARES.
NEW YORK MINING STOCKS.

WALL STREET GOSSIP-New York
stock gossip, reported by H. Holbert &
street, National Characterization Bank
building, st. Paul: Strong. Sturgis &
Co wire US: Saturdays bank statement
resulted in quite scare among holders
of stocks and also gave the bears an OPP
portunity to press their advantage so
that on the whole we see a considerable
decline in many stocks today. That the
situation is over estimated in Its gravity
We think is beginning to be generally I'M
derstood, but the unsettling effect is here
Just the same. the. coming bank state
ment at the close of this weeks business
should show gain of $40 geo 900 to SIS O00-
600 in reserve funds returning here from
out of town borrowers: For the moment
1t seems that the market hinges entirely
on the money situation If 1t becomes
easy and any apprehension In this quar-
ter dies out, We shall see much better
continued stringency will cause liberal
selling and decidedly lower figures. This
applies particularly to industrials There
is not much to say about today's trading,
almost all the issues suffering from
weakness. Should the market continue
to sell the early part of tomorrow we
should be inclined to buy few stocks
for rally, but as affairs are at present
where there are profits, we would rather
nquidate and await developments before
taking on any more.
Barrett, Faruum & Co., Chicago. tele-
graphed the following to Edwards &
Bedell, stock brokers and commission
MINI: Money appears suffie ce, f pi aq
tiful and will probably work easier from
now on. Inside buying Continental To-
bacco on favorable earnings, Gould in
terests reported buyers of Missouri Pa
cifc-LondOn irregular: Transvaal
troubles looming up there, but do not be-
1eve they will prove much of a factor.
The bank statement Saturday does not
favor a bold speculation in stocks Just
now. Reserve will have to prick up more.
Otherwise conditions are just as good as
ever" E-d
FOREIGN FINANCIAL-New York,
July 10.-The Commercial Advertisers
London financial cablegram says 1.-The
day, fearing. trouble in the Transvaal.
The Beers offer of franchise is obvious
ly inadequate to the imperial government
but is declared satisfactory to the Cape
premier. This suggests the possibility of
serious trouble with the Cape. Americans
were weak throughout the day, The New
York bank statement was not liked, and
1t is feared a worse is coming. The mar
ket hung under parity until the afternoon,
when New York absorbed a little stock
and then sent lower prices. The close
and Chesapeake & Ohio showed any
strength
NEW YORK MONEY-New York, July
IO.-Money on cal! f1rmer at 5607 per cent;
last loan. So; prime mercantile 1904 per
cent. Sterling exchange steady, with
actual business In bankers bills at 81. S76D
1917 for demand, and s4.S41b@4 S4a4 for
sixty days; posted rates. $4851h@4. S61a,
and $4.8812; commercial bills, $4.831b64 81
Silver certificates. 60d61c. Bar silver, 6O9sc.
Mexican dollars, 47%c
TREASURY STATEMENT-Was
ton, July 10-Today's statement of the
condition of the treasury shows available
cash balance, $279, 1891, Jos; gold reserve,
$245, OPS, 140.
BANK CLEARINGS.
ST. PauE$S9S, 62414
Mfnneapolis-$2,0 04 002
ChicagO-$20, SIS, 623
New York-$112. $50 694
Boston-S19, ia, 876