The Saint Paul globe., 1900-03-28
NEW YORK MINING SHARES.

t.lcAtce%il .,.......- AZ 1eelloW jacket Il
WALL. STREET zGossIP-New York
Son, bankers and brokers. @3A Robert
street National German-American Bank
building, ST. Paul Strong, Sturgis & Co.
wire us: Our market has shown a slight
halting tendency today after yesterday $
very active speculation. and many people
who bought stocks here lately have taken
ters drift. All of this. OF course. is
healthy and right and strengthens the
belief in the permanency of the present
situation. Prominent among the features
of todays trading are the transactions
in the Reading shares and coal stocks
generally, all of which have enjoyed
smart advances. AS You will remember.
we have advocated the e1purchase of these
securities at much lower figures. and be-
lieYe yet there will be%a considerable rise
in them So far the industrial stocks do
not share in the better state of affairs,
although there has sheen a Spurt; in the
price of Steel and Wire stocks Should
any very material advance follow in the
railroads. then we should expect to see
the market. broaden in the prospect that
public attention would, be directed more
to the industrials. AT the moment the
lower priced railroad stocks are In much
favor and apropos OF this class of stocks
Norfolk &8Western coinmon ought torsell
higher in view Of a report that the prop
erty has passed into the control OF the
Pennsylvania railway. Market IS closing
with quite a rally 14esr
OllOWlnS Iurn1SneQ ny Edwards G Be
dell. 1l0 Endicott Arcade. ST. Paul. Mimi ::
In such big. broad. active market as
we are having at present, with total sales
of million shares. per day., the. bull
cliques generally find 1t to their advan-
tage to- sell out a. good. portion Of their
holdings and thus secure some of their
profits. which will cause some reaction.
but we note good public and foreign buy
ing, and we do not see anything in the
general condition surrounding the, mar
ket to break it"
March 2l.-The Commercial Advertiser $
London financial cablegram says: Amer
leans were again the main feature IN the
market here today though the volume
Of business was smaller than yesterday
They opened strong, well above parity,
Paris and Berlin also buying This move
prices -reaeteds but rallied sGmewhati and
remained dull until D. ra.. when New
York opened with spotty tendency. sell
> ing NOSE things and later everything
There was some rally in the street, most
securities showing gains on balances.
Southern Pacific was a London favorite
in the morning, Rates We're stiff, 51A@6
per cent but takers in of Baltimore 81
Ohio We're pretty numerous Consols and
the war loan were weakish. the tendency
in money being to harden. though loan
and discount rates were unchanged and
there We're some signs of an early break
The Bank of England yJf1d a considerable
business in discounts. Silver was firmer
the East buying. The bank bought G1,-
land
NEW YORK MoNEY-New York,
March g-Money on call easier at poi;
last loan, 3: prime mercantile paper, 424@
51a per cent. Sterling exchange firm, with
actual business in bankers bills at s4.S5A
for demand. and at $4S23sGD4. .S211s for sixty
days: posted rates. 81. .S3E and 81 S61a@
4@. Commercial bills. 81, a1a@4 80. Sil-
yer certificates. 60A@6lAc. Bar silver,
$3.50. Mexican dollars. 47Ac.
TREASURY STATEMENT-Was ashing-
ton. March N.-Today's statement of
treasury balance in general fund ex-
elusive Of the $150. 900 gold reserve in
the division of redemption, shows: Avail
able cash balance, $162, $685. 252; gold, $685.
TO. 9i1
BANK CLEARINGS.
st. Paul. ST., ,S65 "a
Minneapolis 81, ,556 796
Chicago, SO. $50 O9S
Boston $17,647. .S94 >,,li