The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-08

WALL STREET GOsSIP-New York
stock gossip, reported by H. Holbert &
street. National =German-American bank
building. st, Paul. Strong, sturgis &
Co. wire US: I'VE have not seen a bet
ter undertone to the stock market for
the close Of today's speculation, and it
is fair to say that the larger interests
in the market are conceding that in the
near future we are more than liable to
see quite active trading here. The story
in the New York Times this morning
regarding New York Central and Penn
tin sent out from the New York Central
offices. but however this may be- we
think that the two interests are working
very closely together The railroad
strength Trading In Atchison, both
common and preferred. has been large,
and prices very firm. A great deal of
significance is attached to the recent
addition of Mr. Barr to the management
of the company. Regarding the indus
trials, Sugar is not so strong today, but
we are inclined to believe that it will
move along up again. For the time
being manipulation controls its fiuctua-
ton rather than any generally good
buying In the traction stocks Brook
Ign Rapid Transit and Metropolitan re
main about the same as yesterday, while
the rise in Manhattan was of a marked
CHARACTER the stock ADVANCING, to around
122 One of the features Of the market
this afternoon has been the speculation
in Tennessee Coal &. Iron and its rapid
rise. Some Of our friends have bought
largely of this security and are talking
very much of higher prices for it. The
affairs Of the company are certainly in
very f1attering condition. The Steel
and Iron stocks have not done much to-
day A continuation of this strength
in railroads will eventually we believe
lead to higher prices for the industrials:
stock on top Of the present rise, but
should any weakness occur we think
most stocks will do to buy In moder-
ate way
WALL STREET GOSSIP-Barrett,F Far
mum & Co, Chicago, telegraph the fol-
lowing to Edwards & Bedell, stock brok-
colt Arcade, st. Paul, London
firmer, particularly New York Central
and Pennsylvania, which are stronger on
run under one management. Europe un-
doubtedly will buy quite a lot of stocks
today. On strong spots advise taking
profits. Journal says the trouble
between President Rossiter, of BROOKLYN
Rapid Transit and Surface road, Is not
settled by any means, and that at meet
report by the committee which conferred
with President Rossiter Monday and an
swers of President Rossiter to. the re
quests made. Were received with unani-
NEW YORK MONEY-New York. July
Money on call steady at 41s@51A per
cent; last loan ~ per cent; prime mer-
camille paper. 34@4 per cent. Sterling
exchange weak with actual business in
bankers bills al, $4.87Q4.S7A for demand,
and 81 S4aL@4S5 for sixty days; posted
rates. 1880 1861 and 1885,; commercial
bills, $485. Silver certificates. 60661c
Bar silver. 6Q3sc.s Mexican dollars, 47%c.
TREASURY STATEMENT-Wash
ton, July 7.&Todays statement of the
condition of the treasury shows: Avail
able cash balance. $277, So, 1892; gold re-
serve s24S. 232. SOC.
Foreign }FTEANCIAL-N York,
July The Commercial Advertisers
London financial cablegram says: The
markets here were idle here today, in
view of Mondays settlement The ten
dency was good on the statement that
the Transvaal authorities are climbing
down." and the contradiction of the Bull
garia report. The close was irregul%r
Americans were cratic. London bought
on a cable dispatch reporting that the
New York Central and the Pennsylvania
are amalgamated. although the Nor
gans declared 1t was bosh New York
sold freely and wild stories were cir
culated; first, that Mr. Vanderbilt was
dead, and then that young Vanderbilt's
motorcar accident was serious The
close was rather above the worst Fries
were exceptionally hard"
BANK CLEARINGa
st. Paul-$714. e0T CO.
Minneapolis-$1, 81, 092
Chicago so, lie 7Sl
New York-$230, 80, 0eA
Roston-$2S,S SIC, 42.