The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-07
NEW YORK MINING SHARES.

l. WALL STREET .GOSSIP-New York
STOCK gossip reported by H. Holbert &
son, bankers and brokers. 341 Robert
street. National German-American Bank
building, st. Paul: Strong, Sturgis e co.
wire US: Holders of securities can de-
rive very little satisfaction from today's
+, market and practically in the investment
class, where the i'll effects of the reduc-
ton OF the Sugar dividend, the exhibit
made by the Malt company and the APP
pailing shrinkage in Third Avenue seem
to nave so startlingly illustrated the in
stability of Industrial enterprises We do
not think 1t an eXaggeration to say that
the events of the past few days have very
seriously affected the market value of
this class of stocks. We fully believe
that the holders of this class of securi-
ties are seriously disturbed and full of
question1ngs as to the value of their hold
lnes On the other hand the railroad
shares hold remarkably well, and in this
quarter lies the hope for any improve
ment to be seen here in the near
future, for the entire railroad sys EN-
of the country has never enjoyed so much
prosperity as it is realizing today. so that
We feel like lighting shy. for a while at
least of the Industrial shares and t1rn-
ing our attention 3to railroads We do
not think one can go amiss in buying
ea az common and preferred and Nor
d4ik q western, and We hear no end
OF pullish talk on Pennsylvania Missouri
Pacif1c ought to be better and almost
any or the low-priced shares of the reor-
gahlZed roads will believe, score de-
the first of the year. Trading has again
been heavy today in Sugar. and We look
Tor 1t to graduallyydrift. to a lower level
3nere IS notnlng new developed in Third
avenue affairs, and from our point of
view the stock is at much too high prices
az It's present figure. We feel that on any
decline from present figures Tobacco
ought to be a purchase, and from
everything that we can learn PEOPLES
Gas is much oversold and is earning
well and ought to sell at much higher
Igures We hear rumorS about the grotID
or Steel and Wire stocks, and it NAV he
that with the pressure removed they will
readily return to a higher range of val
ne et put at the moment there is really
not much hope for industrial shares in
our market Money works a little tight
er here today. and We do not anticipate
any decided change in rates"
NEW YORK MONEY-New Yor,,
Mafch 6.-Money on call firmer at 21bG4
per cent; last loan at per cent, Prime
ina eHchs paper 4s@5 per cent; ster
ness IN bankers bills at $4 S61a6D4 861S for
demand. and A.S214 for sixty days; posted
rates Ioeesia a S;, S4 and $4S71@lSS; com
Gates 69a@60slc. Silver bars, $3.50. Mex
lean dollars. 47atc
MINNEAPOLIS ACKNOWLEDGEMENTS
5Buying rate. 75c. discount; selling rate.
Zoe zat discount Ee Chicago exchange. buying
rate, 5 S6 discount: selling rate par Lon
oon; 6o-day sterling! S4.82b.
TREASURY STATEMENT washine-
ton. March 6.-Today's treasury state
f9ea o., e SHOWS: Available cash balance,
FOREIGN FINANCIAI-New York
March 6.-The Commercial Advertisers
LONDON financial cablegram says: '"rhe
tension In the market was still unrelieyed
here today, but the tone improved. The
I puget is considered satisfactory under
the circumstances The industrials have
discounted the taxes and consoIs rose
q on the news that there would be no
fresh issue that will stick Continental
bears bought back heavily Americans
were steady and-firm. but quite inactive.
Paris advanced tintoes IL to the record
price 5S4s, on rise of 45 shillings In the
metal. Anacondas rose e sympatheticai-
~ No gold went out or came in. Gail
money was in good demand, and for hills
there was larger inquiry"
BANK. CLEARTNGS.
ST. Paul. $S45, 1872
Minneapolis, $1526, 66SS
Chicago, $21. 1927. 9Q5
New York S205. 557, S20.r.
Boston, $22. LOG, 543,