The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-04-09

good buying. supposedly for the Gould
interests. VINO are in a position to know
exactly what its earnings are and it is
thought they are over per cent Lake
Erie is a low priced stock and has been
literally bought by Vanderbilt houses
The preferred will be put on a per cent
guaranteed basis In June. and the dis
parity IN price as regards the common
makes 1t look very cheap. AIonOn. Wa
bash common. Atchfson preferred and c.
e. w. have been picked up and there
has also been an inclination to take hold
Of Erie preferred and second preferred
one feature OF the market has been the
buying of what are known as second
class or underlying railroad bonds by IN
NeStorS. When this class of buying is
SATISFIED good dividend stooks may be
taken up for investment as we'll Rail-
way earnings given out of late have gem
orally been very favorable. and a number
have shown increases over last years
heavy business. The Chronicle computes
gross earnings OF fifty roads for the
fourth week in March increased AT per
cent.
Sixty roads for the month of March In
creased S.S2 per cent. Operations for for
eisn account through the week have been
HDSIal, put selling orders have seemed 10
predominate. and this brought about con
slderable realizing through the rail LIST
being most marked In the grangers. Pa
cities and Atchison securities The near
approach of the Easter HOLIDAYS ard set
tiement day on the London stock ex-
change was the cause Of timidity In the
many foreign operations. Operations I'm
sugar nave puzzled the street In soma
quarters 1t IS asserted that the lave
meyers have lost control OF the company
ana It Is also given out that Standard OH
interests nave become interested IN tina
property. and have accumulated large
blocks of the stock. Judging from all the
talk that has arisen. a movement Of I'm
portance Is progressing Leather shows
signs or becoming more active due to the
Improvement In the companys business
IoDacco securities seemed to be in the
hands or manipulators, and the opera
lions that have been conducted seemed
TO be almost wholly professional Tbe
consensus of opinion seems TO favor the
IDEA that Peoples Gas has acquired thu
Ogden company. Good buying Of stock
mas progressed all through the week So
much disappointment was felt over tha
action taken at the Federal Steel meet
Ing that 1t resulted in those securities
WORKING down to a lower level and cree
ated considerable distrust as regards
steel stocks in general. Action however
may De taken by the Federal Steel COM
pany that will be satisfactory 10 tba
common stockholders and prove n HELM
TO the value of stock. There are hints az
something In the way of favorable deval-
opnlents In regard to A. s. & w I'm the
near future. General business cordfftons
are as favorable as could be desired.
Money has ruled easy. while the dnan-
clal situation Is most cheerful Today's
Dahk statement came as a surprise &c the
street. Tor where a large increase in the
reserves was looked for, a decrease OF
nearly $2.000.0O0 was shown. DEPOSITS
snow an enormous increase, while tharo
was 2 gain in money. Loans increased
At the opening there was rush 10 b,,v
sugar, Peoples Gas and b. r. T. Lon
oon closed strong and bought the inter-
nationals heavily. Considerable strength
was displayed all over the room Ad-
FaIceS We're numerous. Selling orders
appeared in Southern Pacific, Union Pa
ciic. Atchison securities. Southern rail-
way, IL. & o.. which was extended
through the list after the publication az
the bank statement. Buying OF Missouri
Pacific. L. Il. & w. common and Monon
were again noticeable, with full advances
maintained. There was also buying OF
Pennsylvania. Money ranged from 4 to 4
per cent. At the close the market yaS
quite irregular
NEW YORK MONEY-New York. ApriI
Mooney on call steady at 3E1l per cent:
paper, 4IG5 per cent. Sterling exchanec
steady with actual business in bankers
dis at S4.S6ztGG4. S6sk for demand and at
"a S33sq4 .SSh for sixty days: posted rates
M.s444.S71e; commercial bills. Sts2ts6D4 SO;
silver certificates. 60I2G6lxc; bar silver,
5sSsc; Mexican dollars. 47a4c; state bonds
inactive; railroad bonds firm.
LONDON MONET-l4ondon ADrtl T.
The market for American securities open
ed dull and lower on weaker over night
ton was shown among traders to await
further advices from Wall street. the
market finally closed firm with business
rather restricted. Spanish IS closed at
T2A Gold premium at Madrid 2995c
BANK CIlEARINC;S
st. Paul, $75S. sses2
Minneapolis, Si.5eS. So.
Chicago. Zi.S753s2.
New York. $2laGD.73k-
Boston. ~, NJ.