The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-10

WALL STREET GOssIP-New York
s sE1cR h gGSisdn: reported BY H. Holbert &
Street 0a ST. Pau nns erSksF sus s RobsG c
wire us: Our stock market has shown
frmer tone today thanawas reasonably
10 nave been expected in the face of the
very pad bank statement that will un-
douptedly appear tomorrow. Indeed, we
are not altogether sure that the tide has
not already arrived. or at least is very
mence to buy some stocks. We base our
conclusion on the following existing facts:
me me, market as 1t is today Is entirely pro
ii les ls ana the profession is all bear
ISM ISM, winch n, has created a large short In
teTeSt. There is no pressure of long
STOCK, and in some cases where the short
ailt sceSci+ Is restless. there seems to be
known faet that the expected In Wall
street never takes place. and we think
cmar IN consideration of the fact that the
currency bill will soon become a law
ana that the bank reserves will ba re-
plenished there is really nothing radi
f fSnTya wrong in. the general situation, al
next rex, SIXTY days. The railroad and indus
trial earning power and prosperity is
NWltnou5 precedent. or this fact there can
De no dispute: There is no special feature
In our market today The gossin 500
ing PEOPLES Gas is rather more favor
as Ee IN its character. Some selling of
mat security. with the idea that If the
taxes are to be levied on the franchises
IN the same ratio that they have been In
some SON OF the towns in the interior of the
STATE, 1t Will very materially affect the
net earnings of the Metropolitan system
Inen, too, the stock is sympatheticsI1v
ai iIe by the affairs of the Third Ave
nue. T41. railroad company The Steel and
WIRE stocks continue dull and heavy. In
uepehdeM of the fact that the friends Of
me companies are giving out facts in re-
IdLl0n 70 their present great prosperity
While there is not any material imnrove.
ment In the price of bonds we think tha
pom pond market shows decidedly improv-
Ing tendency with desire on the nart
OF people who have not been buyers Of
ponds for months to take hold again We
OF our own knowledge can bear witness
70 more activity In the last th-as DAYS
than we have had for. some weeks
Following furnished byTEdwards e. Re-
oe Tbo iio St En5dacott Arcade st. Paul MINI;
napld transit is rather ,inexplicable to
some Sc people. and Trey hesitate to trade
el tne STOCK on either side. There is a
TO room traders handsa and no considera-
Dte OUTSIDE buying seems to make its APP
NEW YORK MoNEY4New York
March 9. - Money ON call steadier
at 5Q4 per cent? last loan ner
az per GENIE cemt s hteIHiSantIe paper ~
with actual business In BANKERS hills ~
StS6 for demand and $4,82M for sixtv dov o.
Posted rates 81 Ss34 $lS7a{S7s
Al1s. yt'oAS4Nkf.oIH. silver GER
5incates, 6OA961 Yet Bar silver, 5STsc
Mexican dollars. 4724e. '0'
IMINNEAPoLfs- MONEY Minneapolis.
Buying rate, soc discount; selling rate
par; Chicago exchange, buying rate, &c
discount; selling rate, 25c premium: Lon
don. 60-day sterling $482A
TREASURY STATEMENT - Washino
ton. March 9.-Today's treasury statement
shows; Available cash balances. $500 S4S
022 gold reserve. S239, 469, go
BANK CLEARINGS
st. Paul. SssS. 1906.
Minneapolis. S, 657, 354
Chicago, $19.629, 019-
Boston, $751; ,197
New York SIG, 81 JIG