The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-12
BOSTON MINING SHARES.
NEW YORK MINING SHARES.


WALL STREET GOssIP-New York
stock gossip, reported by H. Holbert Il
Son, bankers ? and brokers, BAL Robert
street, National German-American Bank
building, st. Paul. Schwartz, Dupee &
Co. wire us:
There is a decided change in the tone
of today's stock market; 1t looks as If
the exaggerated condition of the financial
situation had been pretty thoroughly dis
counted and we are pleased to say that it
is pretty generally conceded that, While
money may work a little close for a few
days, by the end of the month we shall
see it rule very easy. Under these infiu-
ences the stock market shows decided
improvement not only in the railroad
shares, but in the industrial list. An in
dustrial that has not received much at
tention of late is A. c. O., and we hear
on excellent authority that the affairs
of the company are in very good shape.
Earnings excellent and that the dividend
to be declared in October would be per
cent, an advance of l per cent over pre-
ViouS years. The stock ought to sell
higher we believe. Regarding the local
traction stocks. we doubt if there will be
any difficulty from labor troubles. These
stocks show some improvement today
both Manhattan and Metropolitan re-
cording smart advance. The Atch:son
stock continue to attract a good deal of
attention. We think the rise for the pres
ent in this stock is sufficient. Great dull
ness prevails here and in the face of this
the strength of the market is rather sig
nificant. The First National bank party
is supposed to have made extensive pur-
chases in the market yesterday It looks
now as if prices would move upward but
we do not exactly feel like advising any
extensive purchases of stocks a the rul-
ing prices, and feel that there should be
some shake down in values before any
extensive orders are given
Barrett Farnum & Co., Chicago, tele-
graphed the following to Edwards & Be
dell. stock brokers and commission mer-
chants, 10 Endicott Arcade St. Paul,
Mimi: Special meeting of Southern Pa
cific stockholders will be held in San
Francisco this month TO act upon the mat
ter of increasing capital stock to 5000, 000.-
OGO London some lower, particularly At
Gibson and New York Central. Ii is re-
ported that Boston & Albany stockhold-
ers are going to try to prevent lease to
New York Central. We do not believe
they will succeed. however, and on any
good decline az ;~e buying New York
Central. Considerable selling throughout
the day yesterday, on fears of higher
money" -s<t
FOREIGN FINANCIAL-New York,
July 1.-THE Commercial Advertisers
London financial .cablegram says: THE
markets here were quiet today, engaged
In arranging the small account. The tone
leans and Africans. Money is still stiff
fleming. The banks got 3346D4 per cent for
settlement money. Americans were de-
pressed until the afternoon. when New
ey In New York and London. The close
was well above the worst The strongest
5eatures were Atch1son preferred and
settlement rate was 65G651Ac; for st. Paul
NEW YORK MoNBY-New York. july
11.-Money on call steady at 3@6 per cent:
last loan 4 per cent. Prime mercantile
paper, 3G14 per cent. Sterling exchange
heavy, with actual business in bapkers'
bulls at S4S7M4.S71. for demand, and % S4A
@4.841b for sixty days: posted rates, S4.S3B
94.SS15 and s4.SS@4.SS1b; commercial bills
1881. Silver certificates, 6O661c; bar sill,
ver 60Ac. Mexican dollars, 4724c.
BANK CLEARINGS.
st. Paul-sS42 227.6S.
MinneapOlis-S1 ,951, 198
Chicago-S22. 332, 256.
New York-$245. POI, IT'S.
Boston-$19, 344, All.