The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-27
BOSTON MINING SHARES.
NEW YORK MINING STOCKS.

~. fO IIGN FlNANC1AL-New York. Jan.
26.-The Commercial Advertisers London
financial cablegram says: '.The market., here
were universally buoyant today. Home rails
were excited. Africans doomed and in Ameri-
cans big business was done. Throughout the
session the advance was persistent. The New
YORK central consolidation report was re-
vlVed, despite denials, causing spurts in the
STOCK $40 rn,, specially .l affected G. O.; also rose
Big Four and Lake Erie & Western The
close was strong at the top
NEW YORK MONEY-New York. Jan. g.
Money on call steady at 21k@3 per cent
per, 21k@3 per cents Sterling exchange firm
er, with actual business in banker;' bills at
$4S4A@4.S4A for demand and s4.S2A@4.S3 for
Commercial bills, $4.s2@4.S21a. Silver certifl-
Gates nominaliy 591a@60kc. Bar silver, 5914c
Mexican dollars. 47c:
JAN. 26.-Today's statement of the condition
OF the treasury shows: Available cash bal
ance; 1921 ~ ,3O4 gold reserve, s229, TO-, $50.
WALL STREET GossIP-New York stock
gossip reported by H. Holbert & Son, bank
ers and brokers, 341 Robert street, National
German-American Bank building, St. Paul:
Strong, Sturgis Co. wire us: "The action
of today's stock market pretty thoroughly il
Illustrated the bullish feeling on the situation
which ia SO deeply rooted in the minds of the
general pubic that it will take more than
an ordinary decline to shake out any large
amount of stock. The rally from the late
reaction has fixed the permanency Of the bull
movement more than anything that has taken
place. Speculation has been on a most elab-
crate scale again today, some stocks having
scored very marked gains, Metropolitan find,
ing much favor at very large advance in
values. We think the stock likely to sell
much higher on its present movement and
$40 is not very wild estimate for it. We
get good information about Union Pacific
both common and preferred, and we think
these securities will bear watching very
closely and on any soft spot will do to buy.
Two stocks that have had no material ad
vance which are bought by good people and
which, to our minds, promise very good re-
Grande preferred and Baltimore & Ohio pre-
ferred. London seemed to have a greater
fancy for our securities today and has bought
literally. We have looked into the Big Four
and c. & o. situation, and while there are
plenty of runners in the air there has nothing
definite been settled as to any consolida-
ton, etc. We, however, think these stocks
are attractively cheap at going rates par
ticularly strong bull points to buy are
coming from Vanderbilt sources. There has
been some realizing, so that market at the
close was not quite up to the highest prices
FOREIGN BANK STATEMENTS London,
Jan. 26.-The weekly statement of the Bank
Of England shows the fol follo oNV change;
decrease f205, 000; bullion, increase tl74,26
other securities, decrease 200; other de-
posts, decrease f4450OO; public deposits, de-
crease Fl, 949 900; notes. reserve, increase f9lS-
600; government securities unchanged. The
proportion of the Bank of England's reserve to
liabilities is 1890 per cent; last week 1t was
A 80 per cent. The Bank of England's rate
of discount remains unchanged at 49, per
cent.
Berlin Jan. 26-The weekly statement of
the Imperial Bank of Germany shows the
following changes: Cash in hand, increase
A, $50, 600 marks; treasury notes, increase
1880, 600 marks; other securities, decrease
43 $50, 900 marks; notes in circulation, de-
crease "a, 900 marks.
Paris. JAM 2e-The weekly statement Of
the Bank of France shows the following
changes: Notes in circulation, decrease a.
25O. OO0 francs treasury account current, in
crease 10, It's 600 francs; gold, in hand increase
e,375, 900 francs; bills discounted, decrease &c.,
475. ObO francs; silver in hand, increase 1885,
600 francs
LONDON NONEY-London, Jan. 26.-The
market for American securities moved up
ward all day on a general speculative de-
mand. The closing was firm and the demand
active.
BANK CLEARINGS.
St. Paul-s654, 541.12.
Minneapolis-$1, $50, 229.