The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-12
NEW YORK MINING STOCKS.

1ale q Nor..... 80 sierra Nevada.
Iron silver...... 90 Union Con-. 2
Mexican ......... Is Yellow Jacket.
WALL STREET GOssIP-New Yorl
stock gossip, reported by H. Holbert
Son, bankers and brokers, 341 Rober
street, National German-American Banl
building, st. Paul-Strong, Sturgis & Co
wire us: THE weakness in Sugar seems
to have paved the way for a more genera
bear attack and sharp decline has beer
erected in the leading traction stocks anG
some OF the more fancy shares. We re-
gard this decline as engineered by loca
interests mainly and we don't think thai
1t Is IN any way warranted by outside
conditions. The rate has been reduced by
the Bank of England and money on the
continent bids fair to become more nor
NAL. AT all events, at the present reac-
ton from the high prices of last week, we
else. We feel that one good success to
the English forces would turn the tide
of speculation to a bull market. BY this
we don't mean a wild or excited state OF
tons based on good buying. We are not
disposed to carry stocks into next sum
mer, but we do feel that between now
and March we must have better quota
TONS"
Bartlett Frazier & Co., Chicago, tele-
Bedell, stock brokers and commission
m mere ITO E End Arcade, st. Paul,
vance in London today of about a half
point. 1t is due entirely to the reduction
in the Bank of England rate of discount to
per cent. London will buy little stock
here as money is getting much easier on
the other side. The question now is
whether buying or the unsettlement
caused by the Sugar action will be of
most Importance. People in the Sugar
trade expect the stock to go below par. Il
it does it will drag down the entire indus
trial list. In the absence of foreign news
the market is one for great conservatism
and looks to be like a sale on the rallies.
Morse: 1.-THE people who sold Sugar
last night promise a raid on Brooklyn
Rapid Transit There is an order to
cover line of Sugar at Hay. Hudson:
rallies. but think it will gradually work
to par. Bartlett. Frazier & Co.: Mr.
j. W. Gates declares that he intends re-
signing from the board of directors of the
would be found feasible to declare a
dividend on the common stock when the
board meets Jan. q. Davis: There is
good inside buying of Southern Pacific.
prices are down. There is no news on
Sugar, but very prominent houses have
been selling. Personally it looks cheap
with alT their assets; besides. when things
FOREIGN FINANCIAI-New York,
Jan. 1.-THE Commercial Advertisers
London financial cablegram says: Stocks
were still stagnant here today, but the
tone was firm. The action of the Bank
of England in reducing it's minimum dis
count rate to 5 per cent. and the sequel
of the reduction of the French rate to 4
per cent. encouraged some continental
neither London nor Berlin showing any
revival of speculation. Americans We're
neglected, except for Baltimore e. Ohio
securities which were bought on the en-
orrfp fcr
FOREIGN BANK STATEMENTS
don. Jan. u.-The weekly statement of
the Bank Of England shows the following
changes: Total reserve increased 81. 234'-
increase, 91231. 1876; other securities, de-
crease. 92,227 900: other deposits increase
Egg 9Ss5, GOO; public deposits. Increase; 81, 1873;
government securities. increase. e2. 1896. 600
The proportion of the Bank of England :
reserve to liabilities Is 39.47 per cent as
compared with IS. IS per cent last week.
Paris. Jan 1.-THE weekly statement
of the Bank. of France shows the follow
Ing changes: Notes in circulation. de-
crease, ga. 450.0O0 francs; gold in hand, in
crease, 12975.000 francs; bills discounted
decrease. 1900. 600 francs; silver in hand
decrease, 2,75O,OOo francs; treasury ac-
counts current, decrease. Ia 900, 900 francs
TREASURY ST sTA At nv Isl
condition of the treasury shows: Availa-
BILE cash balances, $sS9, 629, 2S9; gold reserve,
NEW YORK MoNEY-New York Jan.
11.-Money on call easier at $@51a per cent;
camille paper. 51A@6 per cent. Sterling
exchange heavy, with actual business in
bankers bills at $4.86M for demand, and
at s4. Sa14. Sal5 for sixty days; posted rates,
81 S41k@14 sS@4 SS1a: commercial bills. s4s'@
4S3. Silver certificates. 5S1aM591ac; bar sill
yer. 5SAc; Mexican dollars. 471hc.
BANK CLEARINGS.
ST. Paul, $S13,37S56.
Minneapolis, $l,651 1893.
Chicago, $23,142,l31.
New York, $20,507, 726.