The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-09
NEW YORKssMINING SHARES.


stock gossip, reported by H. Holbert &c
Son, bankers and brokers. 341 Robert
street, National German-American Bank
building, st. Paul-Strong. Sturgis & Co.
dull and uninteresting condition of specu-
lation in our stock market today with
conil1ctlng rumors regarding the South
African situation which has largely con-
trolled the course of prices. The bearish
Ieel1ng developed by traders and small
operators has operated against any ad-
vance in the railroad shares resulting
from the maturing of plans made by the
Pennsylvania-Vander Morgan inter
ests. Indeed. SO far as we can learn there
Is nothing but a traders market here.
Ringing upon the foreign news with a
large enough short interest in it to be
easily pushed up on the receipt of any
favorable news and with holders half
hearted enough to readily throw their
STOCKS on the market on reports of Boer
victory In view of these facts there is
nothing. to be done but to await the out
come Of events. The market will do to
buy on any declines and on any active
ADVANCE can be safely sold. The fact
should not be lost sight Of that all of our
nome industries are in most prosperous
condition, and this state of affairs is en-
phasized by the notices sent out today
oil OF ncr ,ea s.. OF dividends on Jersey Cen
right IN assuming that the dividend to
be declared tomorrow on Union Pacific
will be IL per cent. The rates for time
money are a trifie easier, being 51z per
cent for ninty days on first class loans
and 6 per cent with less attractive secur-
tiles introduced."s
graphed the following to Edwards &
Bedeil, stock brokers and commission
merchants. ITO Endicott Arcade. st. Paul.
Minn.,Dow Jones: All the independent
putting it on the same basis as the Amer,
lean Sugar Refining company, Arbuckle
6r9s;, included. No guarantees are given
ana NO no concessions Dow Jones: 1T is
Southern Pacific for, December will not
exceed $500 GOO. The increase for November
was S76l GEO and for October 81, O62, 600 This
points In the. direction of lower earnings
London selling. orders all withdrawn.
they are inclined to- buy now. The ar
D,trage houses have cables stating that
the Beers have been repulsed. Wort
ley: "Wormser is a heavy buyer Every
thing depends upon developments In
South Africa. Worden g. Co bought LOCO
a = doa !. preferreds Wormser bought
Ivy, @c o.. Frazier & Co.: "Peo-
OF the market, but that gossip is all bosh.
Electric lights are used in early all the
suburbs now.'--J H. Davis: i've hear
from a leading banker here that there is
not likely to be dividend on Steel and
Wire in the immediate future ''-Hud-
son: II think Sugar a SALE
NEW YORK MONEY-New York. Jan.
8-Money on call steady ar soc per cent:
paper, per cent Sterling exchange iro
regular with actual business in bankers
bills at s.. S7as@4.S71k for demand, and at
1882 for sixty days. Posted rates, Sd. "a
"a: S41A and $4.SSA. Commercial bills,
$4.821a@4. SO. Silver certificates. 581b0591bc
Bar silver, 59c. Mexican dollars, 471ac.
FOREIGN FINANCIAL = New YORK,
Jan. 8.-The Commercial Advertiser's
financial cablegram says: THE war
news was predominant all day. General
fatness marked the opening of bust
ness, caused by Cen Whites dispatch
that he had been hard pressed In the
American department there was hesita-
ton to begin business, operators dread
ing very low quotations. First bids were
l to IL below parity, but Berlin sold
fly as on Saturday. London sold on
small scale and no one: seemed to have
courage to support the market It re-
madled fat until New York prices were
received, when within a quarter of an
hour the best prices OF the session were
fetal confirmation came Of Gen. Whites
successful repulse of the Beers attack
on Ladysmith. This news caused such
a commotion that business was almost
forgotten. In the street prices rallied to
parity " rs
TREASURY Observation-Disclosures
ton, Jan. S.-Tdaay'sa statement of the
condition of thes treasury shows: Avs<l-
able cash balance, szs4,61s,5Ss; gold re-
BANK cLEs;aaR1NGs.
st. Paul-s1, o56ISSS. 52W
Minneapolis $3.50, 03E
Chicago ,39Slss4 rs
New York-s123 .069 03e.
Boston-$1S S3S. 402.