The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-07


WALL STREET GOssIP-New York
Son, bankers and brokers, BAL Robert
street, National German-American Bank.
building. St; Paul-strong, sturgis &. CO.
market has continued today. and one by
one we note addltionak numbers of stocks
that develop strength. The buying of
Io1aeeo has been excellent, and We see
much higher, for the earnings are most
satisfactory and an increase of dividend
Is probable this spring The rise in New
see these shares sell att $50 before this
present year comes5sto "a close Among
the other interesting features is the con-
dition OF Norfolk & Western and the
tween that property and Baltimore &
Ohio and Pennsylvania. THE outlook for
good railroad property seems to us ex-
cellent and we know nothing to prevent a
steadily advancing market, based on the
earnings and prospects, for the COAX
shares must improve, and we rather look
for rise In Reading 1st preferred stock
steel stocks continue to look well and
will improve further; 'f
Following furnished by Edwards & Be
dell, Ito Endicott Arcade, St. Paul, Mimi
London: No war news. Markets
strong. Union Paelfic-Northern Pacific
deal hanging !. fire Chicago Great West
Dow, Jones & Co: 1.-The heavy decline
In Sugar. caused some little setback to the
rest Of the market. The attack was sup
posed to come from a Broad street OPP
orator and the stock rapidly gave way
in radically weak market The rest Of
the active list showed a strong under
FOREIGN FINANeIAI1New York.
Feb. 6-The Commercial Advertisers
London financial cablegram says: "Afri-
can mines opened blazing here today, the
markets being full of a rumor that Lady
smith had been relieved and that several
thousand Beers had been captured at
Colesberg. The other departments par
ticipated in the rise. though business was
of the rumors. and prices fell away after
2 O'Clock: Consols. which were 1914 clos
ed at 1O1. Americans maintained their
strength. the continent and arbitraguers
bought freely. though there was hardly
any London account. and New York sup
port made the close at top prices The
chief feature was Norfolk & Western on
the theory That that road would be ANAL
gamated with the Baltimore & Ohio or
the Pennsylyania. Paris still buying Tin
tos and Anacondas. and higher prices for
the latter We're confidently predicted. The
and received 915,00o from Germany. For
South Africa 221 ,008 was taken. The in
Hulk was not expected. IT IS thought that
tn Bank VIII III. reduce THE buying prices
olii 3, were at unchanged rates. The Bank
Of the Netherlands reduced its minimuna
discount rate from ITO 3Ik per cent. Paris
cheque was 21.1S1h: Berlin. 20. 49,
NEW YORK MONEY-iNew York, Feb.
9 last 9os5 on cal easy at 2@27k per cent;
paper. 4@5 per cent; sterling exchange
easier, with actual business in bankers
bi PTS at S4-S,1s for denand. and at s4s4@
4.S4A for sixty days: posted rates. s4S5
and sa.SSls; commercial bills. s4.Ss1%@4.S4:
par silver. 59%c; Mexican dollars. 471kc::
SILVER certificates 5S1s@59kc -,
TREASURY STATEMENT-Wash ing-
ton., Feb 6.-Todays statement of the
condition of the treasury shows: Avail
able cash badance,lts29 q, 742: gold re-
serve. $216, Al SOB. f9f IL
BANK ctHEARfNGs.
ST. Paul-s7sS, s67. 55g
Minneapolis-Sl 6N, SSS.
Chicago-S22 6S9. HI
New York-S226, 763 663.
Boston-$22, 2Si. isl.
BUILDING PERMITS.