The Saint Paul globe., 1900-02-06

WALL STREET GOssIP-New York
stock gossip, reported by Ii. Holbert &
Son, bankers and brokers, 341 Robert
street, National German-American Bank
building, st. Paul: Strong, Sturgis & Co.
wire us: I'VE are happy to be able to
report a continuation of the upward
movement in the stock market started
last week A glance at the list shows
uniformly advancing figures for almost
everything excepting Sugar. London has
been a buyer of railroad stocks here to-
day, and the feeling regarding our securi-
ties of this class is certainly emphatically
bullisf.s On our own exchange we hear
nothing but gossip. which is hopeful as to
the future course of prices and the gem
eral prosperity, not only Of railroads, but
of industrials. Among this class the
group of steel, iron and coal properties is
most prominent, and although Steel &
Wire, National Steel and Steel Hoop have
already scored considerable advances we
expect in the near future to see them
selling legitimately at much higher prices
on the statement of facts concerning
earnings and the future prospects Of the
same. Regarding Sugar, there is nothing
new to be reported about the company
beyond the fact that we think the price
Of certificates will gradually work to a
lower level, with the idea that dividends
are so highly speculative that it is next
to impossible to predict about their i'm
mediate future, and at present we advise
caution in buying the stock, even though
past career. Tobacco has been rather
laggard. but we think before. long that
they will make better show in the mar
ket. as re earnings als prospects are of the
In evidence here today, and surface in
dications denote a broadening tendency
to speculation"
Furnished by Edwards & Bedell, ITO En-
dicott Arcade, st. Paul, Mimi:
London: ALI markets steady and fea-
tureless. Americans . to. u higher and
Earnings Minneapolis & St. s'faaa Louis In
crease, 81, ,519.
Dow Jones: London was a buyer Of
internationals with the exception of Balti-
more & Ohio, which brokers sold in mod
crate quantities, buying st. Paul and the
Bache: Market stronger. excepting
weak spots. excepting Sugar 49, %
FOREIGN FINANCIAI=New York.
Feb. 5.--The Commercial Advertiser S
London financial .cablegram says; Mar
on the report that Gen. Butler was ad-
vancing towards Ladysmith They be-
came easier in the afternoon when the
war office announced that 1t knew moth
ness. however, was too small for much
relapse. Consols touched 101 3-16, and
closed Nc lower. The American depart
Northern Pacific issues. and this togeth-
er with buying of Norfolk & western by
New York, served to lift the whole list
Paris is buying Tintos on the top of a
ASS dividend 1t also took some Anaconda
today. There was no gold movement
Money was easy at about the same rates
as last week. Bills were weak, being
scarce"
NEW YORK MONEY-New York Feb
5-Money on call steady at 202k per
cent; last loan, z, M per cent; prime mer-
exchange firm. with actual business in
bankers. bills at 81 ss,4Ls1ls@4s7s for demand,
ed rates $4.S5 and $4SS1a; commercial
bills, $4SS1k@4.S4: bar silver, 60c: Mexican
dollars, 471sc; silver certificates, 591b0
601bc.
TREASURY STATEMENT-Wash
ton, Feb. 5.-Today's treasury statement
shows: Available cash balance. s293 6O0 :
III; gold reserve, S217, ,335. 1858.
BANK CLEARINGS.
St Paul, $647, ,927.s6
Minneapolis, 81. 440,155
Boston, SIC, ,6S5 81.
New York, $1O7, ,02S $50.