The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-09-14

Opening fractionally lower, the market
quickly rallied and held steady and dull
throughout the day. The outstanding
short interest attempted to raid the va
| r:ous stocks in which they were inter-
ested to buy back previous sales, but
without any degree of success. Good
buying appeared in Northern Pacific,
Union Pacific and Louisville & Nashville,
and Reading lists on the decline contin-
ued to be purchased by the same inter
est which has been accumula ting stocks
does not decline on bad news, even
though advances on good news are LIN
tied, was today again illustrated when
the definite announcement that the coal
strike would be declared, while depress-
ing for the moment the stocks especially
affected, had practically no general effect
on the market otherwise than to acceA-
tuate the prevailing dizziness. The money
market shows a tendency to strengthen
which is natural because of the increase
in the Western and Southern shipments
to the government. There still remains
a considerable amount of the old gov
eminent Is to be redeemed, which on
decided stiffness of rates would probably
be turned into the treasury. Yesterdays
Democratic convention at Saratoga dis
pels, we think, any serious doubt as to
Republican success in New York state at
the national election in November
NEW YORK MONEY-New York, Sept
lS-Close: Money on call steady at IA
per cent. Prime mercantile paper, 40
5A per cent Sterling exchange weak,
with actual business in bankers bills at
s4.S61z for demand. and A. S31s04 S3N for
sixty days Posted rates. 81. 84d4. 8415 and
$4S7A.G4- IS; commercial bills, 81 .S25514 60.
Silver certificates, 621aQ631ac. Bar silver,
62s4c. Mexican dollars. 49Ac. Govern
ment bonds easier: state bonds inactive;
railroad bonds irregular
BANK CLEARINGS.
St Paul. 1914, G04.
Minneapolis, $2,O54502.
New York $1As 9S1, 1894.
Boston. SIG, 1873, 800
FOREIGN FINANCIAL-New York,
Sept 13.-The Commercial Advertisers
London financial telegram saws: The
public utterly failed to follow the lead
given yesterday in the markets here and
consequently a reaction set in today.
Business was unimportant in volume Re
straln1ng influences We're fears of dearer
money and of trouble in China and the
railroad labor war. The announcement
that strike had been ordered in the coal
regions depressed Americans, though
there is some inclination among the
market leaders here to believe that the
strike Will prove fizZle. Money closed
harder, and Berlin discounts were up.
The bank received $4,000 gold in bars
Silver was higher on Calcutta buying.
believed here to be buying in bazarres
by the Indian government. The bazarre
price was IA.
Consois for money, 9S GIG: eonsoIs for
the account, SO 11-16
The weekly statement of the Bank of
England shows the following changes.
Total reserves increase. SCI, 900; circIIIa-
tion decrease, ST, coo: bullion increase
349,96f: other securities decrease. 2a6 oGO;
other deposits decrease. 79S.000; public depo-
sits decrea Sc 1873, 00}; notes reserve increasa.
904: coo; government securities decrease
1.5G9. 600. The proportion of the Bank of
England's reserve to liability is 1888 per
cent. Last week it was 50.89 per cent
Rates of discount unchanged at per
cent.
Berlin, Sept 13.-Exchange on London
20 marks At pigs for checks. Discount
rates; Short bills, S1a per cent; three
Paris, Sept 1S.-The weekly statement OF
the Bank of France shows the following
changes: Notes IN circulation decrease.
Is, Bon, 600 francs; treasury account current
increase, s,10o,000 francs; gold on hand de-
crease, AGO 009 francs; bills discounted.
decrease. 4,775.0O francs; silver in hand de,
crease, 100000 francs.