The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-30


Mexican s,.5.s.......y 2aWellow Jacket. 20
stock gossip, reported by H. Holbert &
Son, bankers and brokers' 341 Robert
street, National German-American Bank
building, St Paul-strong, sturgis & Co.
severe reverses sustained by the British
in South Africa would have caused a
weakness in our market but such has not
been the case. Prices have not advanced
neither have they declined and the lesson
is that the English situation has to. a
great extent expended its influence upon
the prices of stocks here and that our
market has cut loose. Pursuing this train
OF thought further 1t would seem that the
next influence upon our market should be
favorable and that English requirements
should aid our commerce, our export
trade and manufacturing interests If
this be correct view of the existing
situation and we admit the ease of money
on this SIDE also the heavy earnings of
railroads and corporations, then many
stocks are a purchase for a spring rise
Gold shipments may come but we need
not be now anxious regarding their in
fuence and we feel like buying Atchison
preferred, Southern Pacific. Union Pacific,
New York Central, Omaha and all good
stocks, also the industrial preferred
shares.
Bartlett. Frazier & Co., Chicago, tele
graphed the following to Edwards & Be
chants, ITO Endicott Arcade, St. Paul
Mimi.
London: 1.-The later news from South
Africa regarding Buffers retreat across
which has been reflected in the stock ex-
change markets. American railway
shares show relative. greater resistance
than home rails and the extreme losses
in this department do not exceed point
St. Paul is selling equal to He24; Atchisos
preferred, 59A Union Pacific common,
4512; L. A. N, ~; 3. SO. common, $685..
recoveries have since taken place. Ia
financial circles apprehension had bee
felt of an enforced general retrograde
movement by Buffers force ever since the
1T is rumored a. S, w. will pay 6 per
cent all in a lump "a
Bache: I'VE don't expect the market to
recede much for the present"
London was very small seller at open
ing. The market gives evidence of break
ing away from South African news
hm ae1f as Feeling rather builish nds no
stocks offering. Money easy and thinks
South Africa affairs will exert less in
fluence as time wears on, and only Eu-
ropean compicationS9Wlil henceforth af-
feet market cseTsi
T. Ii. Price: '.The5action of the stock
! market. it seems tn re, Is conclusive evil
dence that the market has cut away from
the influence Of Kf1fqan news, and I am
inclined to advise purchase of good Amer
lean stocks. | think that the lower pric-
ed railroad stocks9al,4 the industrials pfd
stocks are hi Likely ely Pp9se the best
FOREIGN FINANCIAL-New York,
Jan. 2g-The Commercial Advertiser s
London financial cablegram says: 1.-THE
markets here opened very fiat today on
the news of the retreat of Gen. Butler
across the Tugela. Dealers were afraid
to buy anything, but speculation has been
SO attenuated lately that comparatively
tod nd
the initial decline was followed by slow,
steady recovery from the nominal prices
first given out. There was little or no
buying on the way up. Unless investors
become panic stricken it would seem that
the markets are merely paralyZed. A late
rumor on the board had it that the war
office confirmed the reports of the relief
of Mafefing.1 Consols ruled one point
down to $3.50 Americans had the worst
opening, but the free support from New
York brought about a substantial rally.
The bank lost E15lld0, gold to India - d
e9,0O0 from Australia. Money was still
stagna1li: bills were easy, a good many
American bills being IN the market, Lon
don papers being withheld Forelgn rates
were we. so as follows: Pans checN, OF Der
n NEW YORK MoNEY-New York, Jan.
29-Meney.. on call steady at 21a@3 per
cent; last loan, 2a per cent. P l,r1ie mer-
change strong with actual business in
bankers, bills at s4.S71a@4S75ss for demand.
and at ST. S41I @4.S41 for sixty days; posted
rates $4S5 and is4. 1894 sS1s; commercial
bills, s4s3@4 Sss1za; -siyer certificates. 591k@
sole; bar silver, d59ac; Mexican dollars,
471ac.
There was an all round dependency on
the stock exchange today opening with a
general decline Off points in Rands, and
from >tes<one-half. in others.
Later there wasI a flight recovery, but
business was inactive. Conso}s were off
point 50 ST. -
st. Paul, s669, $685. y
Minneapolis, 81, $50. Isl.
New York Sl01, AZ, 332.<
Boston, S14, ST., 929.