The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-18
NEW YORK MINING SHARES.


WALL STREET GossIP-New York
Son, bankers and brokers, BAL Robert
street, National German-American bank
building. St III Paul: Strong: sturgis & GO.
lasting until about noon. followed by
light recessions. The closing was strong
at highest prices. The day has been prin-
cipally without feature excepting the IN
creased buying of various issues Of bonds
such as B. & o., Central Pacific. Southern
Pacific and Northern and Union Pacific
by institutions and private banking
houses The money market ruled easier
Four months loans We're made at 512 per
cent on mixed collateral not exceeding
some four months money at per cent
on railway stocks. Many stocks are in
trinsically cheap. American Tobacco Su-
gar. N. & w. Southern Pacific and the
adjustment bonds should all be good pur-
chases to carry, and barring something
absolutely unforeseen. should sell mate
There are a number of things, however,
to be considered in buying stocks at the
present time. The condition of the banks
here is anything bat reassufing, and
will materially improve their position for
a month at least. The conflict in Africa
must affect the gold supply of the Eng
lish market, and may produce a reaction
airy influence upon matters here distinctly
unfavorable. All branches of business in
this country are calling Tor money, and
be concentrated here and be at the dis
posal of the New York banking interests
in the future to the extent that it has
in the past The state elections are ap-
preaching, some of which may Pave an
unsettling influence upon the political sit
uation. AS summary. therefore. while
stocks are decidedly cheap for those who
are DESTROYS of buying them for long
pull. and will make their money arrange
ments accordingly, wesare inclined to be-
lieve that some of these securities will be
bought lower between now and the Ah
Of November. Attention should be called
to the fact that the CentraI Pacific settle
change ever recorded at the New York
clearing house. was ACCOMPLISHED without
the slightest commoion.
Bartlett, Frazier & Co., Chicago, ILL.,,
| telegraphed the following to Edwards eS
merchants 10 Endicott Arcade, St Paul:
/ "Morse-Everything pc hts to continual
ton of the Improvement of yesterday,
though M. M. Keene has bearsh talk
in some of the papers he can control The
short interest in the market is eStima ted
at 225,00O shares, and it is getting nerv-
Gus. 1t will probably take more than
Keene interviews to get it out whole.
There is no news here this morning. My
informant of yesterday says Sugar will
be put above 1876 this fall. 1t should be
| safe for a few points anyhow The Van
derbilts will do better before end of week
! The Pacific stocks and Baltimore G. Ohio
are intrinsically cheap. An uptown
plunger has been buying Tobacco through
| c. I. Hudson & Co. 1t is not good buy
ing: Bull tips out on ST. Louis s. w.
over 10000 shares here today
Dow Jones-It is reported at Chicago
that Atchison earnings for September
will show net increase of 5000, 1000: Bust
ness this month is better than in October
last year. General business making up
for the losing grain and cotton tonnage"
1T is rumored that no dividend will be
paid on Glucose. This caused decline of
six points, 50 ~
price McCormick-Kendall and Whet-
| lock bought ST. PAUL.
| TREASURY STATEMENT-Was
ton. Oct. To-day S statement of the
condition of the treasury shows: Avail
able cash balance s2S6. 0061 45: gold re-
| serve. $255 ,216.227. n 5is
BANK CLEARINGS.
| St. Paul-$1, zoe, 6S7, So
| Minneapolis-$2, 927 i375.,
| Chicago-$24, SOL 400 Isl
| New York-$315 495, 973
| Boston-s30 1876, 378