The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-01
NEW YORK MINING STOCKS.


WALL STREET GOSSIP-New York
Son, bankers and brokers, 341 Robert
street, National German-American Bank
building, St. Paul: Strong Sturgis & Co.
wire us: There has. been a considerable
volume of trading in the stock market
today with shifting uneasy sentiment
regarding stocks particularly the indus
trials, with prices tending to a consider
able weakness inIthe) morning and with a
return Of strength in. the afternoon. To
rapidity with which this market rallies is
certainly matter of surprise This
morning opened with rumors of British
|. reverse of considerable magnitude and a
away up to as high as 80 per cent and
back again to~6 per Gent. This combina-
ton entirely upset for the time being the
mild boom that the market has been en-
joying lately. In our opinion prospects
point to a scarcity OF loanable funds here
for a, long while. which means that suffl-
GENTLY high rates will prevail to retard
any bull movement tlof Importance The
situation in the Crailread world warrants
higher prices for many Of the junior Sc
gradually work higher, but there
can be no rapid movement to-
wards this end with money bugbear
eralize about todays speculation, railroad
stocks are in the main firm. It is not so
with the iLndustrials., although American
Gar and Foundry o., dy. Steel and Wire and
Improvement from the early weakness
The Leather peopleTcontinue to hold their
stock firm. Southern Pacific acts we'll
The granger shares are only modera telv
active. We should expect with easier
rates for money tomorrow to see some
recovery in prices"
Bartlett, Frazier & Co., Chicago. te,e-
graphed the following to Edwards &
Bedell, stock brokers and commission
MERCHANTS mere 10 Endcott Arcade, St Paul,
street that the Standard Oil magnates
are holding conference in New York rel
astive to the copper market. This is be-
lieved to be the reason for the strength
OF amaIgamated copper which had sold at
89."-IIooper: Stocks are mighty strong
N this rs per cent money market but we
quick profits ''--Hudson: Il look @ For
fully as high rates of interest tomorrow.
Market Market lsokf like sale on
ers. Market offers small resistance eX-
cept in Pacifcs. The Wabash road is
g sse r6n 06G aob lot of money but there are
$SHfSi 6ePenfppr r As ahead Which
market and look like going HIGHER, y INC
oct ToRH1 GTba FddM Nnnelcd1 York
London financial cabfegram saws saws Ell "The e
markets here We're universally fat TODAY
on the disaster at Ladysmith, which was
debate Consequently, business was neg eaH
lected. There was aWtrif1ing recovery on
the news that the rwar department is
sending three extra battalions and a
n mountiai9a battery to replace the men lost
particularly weak, oPening fiat on free
selling by London, Berlin and other cen
tres They also had a trif1ing rally at the
close. Tintos were ;46h@947c; Anacondas,
sac. No gold was bought or taken for
export. Money was harder for end of the
month requirements 'TBills were f1rmer in
r. TREASURY STATEMENT Washing
ton. Oct 31.-!Tpday's statement of the
condition of thetreasury shows: Availa-
BILE cash balances, 1924, 020,O22; gold re-
NEW YORK MONEY.-New York, Oct.
M+-Money on call firm at 6630 per cent;
last lean 8, ruling rate 20. Prime mercan-
tile paper, 545b per cent. Sterling eX-
change easier, with actual business in
bankers bills at $4SS12@4SS% for demand.
and at 81 s2&@4 SO for sixty days; posted
rates. &.8464sS; commercial bills $k82
Silver certificates 5S1a 6591hc; bar silver,
5S1ac; Mexican dollars, 47!Ac.
BANK CLEARINGS.
ST. Paul $996, 237.51.
Minneapolis 50. 1856 602
Chicago, So, 567 600
New York, $22S, 1885, 90k
Boston, $27, 303,146