The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-01

But after the opening here foreign arbi-
TRACE brokers We're sellers of stocks, and
their sales on balance for today were
estimated at 10000 shares. THE inference
is pretty plain that London's early adj
vance was on New York buying, while
the genuine London transactions in this
market were on the selling side. They
had little influence on prices, which went
to the best generally after the arbitrage
operations has ceased. The influence of
the mid-week interruption of Thanksgiv-
ing was still manifest today. There was
much closing up of the accounts on Wed
neSday and there was q general 1ndlspo-
sltion to reopen them today for day and
a half trading. With the exception of
some continued large buying in some
quarters of the railroad list the trading
was therefore rather languid, especially
during the latter part of the day. A
firm tendency of the money market and
rise in the call loan rate to Az per cent
late in the day are also an influence
towards REFRESHING activity. Preparation
for the monthly settlement may have had
something to do with this DEVELOPMENT,
but the transfer through the subtreasury
today of $450,000 to the interior suggests
a recurrence Of demand upon this center
for interior needs, which would prove
serious drain upon the money market. OF
tcday's transfers, $200,000 went to Chicago
and $3.50 900 to New Orleans and 100000
to st. Louis, showing wide distribution
of the demand. The forecasts of the
weekly bank statement indicate a small
change in the cash item for the week
u.
81, 712, 0CG, including the sums deposited for
transfer to the interior. On the regu-
lar express movement the banks seem
to have gained enough to apout onset
this. But movement to Canada and
some local movements Of cash, which are
difficult to estimate, are likely to COM
plicate the statement The loan item Is
also a matter of pure surmise. But the
rise in the money rate this afternoon is
pretty reliable index of some impairment
in the condition of the banks. Prices OF
| stocks We're affected by this, but there
We're substantial rallies in spots, and the
closing was firm, but not at the best.
In the railroad list, stocks Of Southern
| and Southwestern railroads were notably
firm. led by Chesapeake & Ohio, which
| got up 219 and closed at the top. The
Chicago & Alton stocks rose strongly.
| The tobacco stocks were weak on the
| withdrawal of important interests Pa
| ciGlc Mail reacted 3B3 The American
alleged project to organize an opposition,
but they rallied strong and closed with
| good net gains. The downward course oil
Amalgamated Copper was checked after
an early decline, and the stock has net
| gain on the day. The steel stocks were
rather neglected all day, and they show
| changes both ways.
The bond market was active and strong,
with a notable demand for Kansas &
! Texas. st. Louis & Southwestern, South
Reading issues. Total sales, par value,
| $4,000 United States refunding Is and
! the 5s registered declined n and the new
As advanced Il per cent on the last call
STOCK QUOTATIONS..
Furnished by Charles H. F. Smith &
| Co., members of the New York STOCK
| Exchange, Pioneer Press building, who
! have direct wires to Chicago and New
| York. Closing prices are bid: