The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-04
NEW YORK MINING STOCKS.

st MALL STREET GossIP-New York
STOCK gossip, reported by II. Holbert e
son. bankers and brokers, 34I Robert
bu uIdf Ns e. GermanoAmerioan Bank
wire US: This market opened with a
good speculative demand, and prices
you'd probably have remained Arm but
n lor the rumors that came Of further re-
verses 70 the British forces in South AT
rica. This, not only checked the buying.
put caused a. goodgIaanys sales. of long
STOCK by parties who. were able to lighten
their load without loss 1t has to our
InlNqS al! the appearances natural to a
market that. has first suffered a seriou
decline, and then enjoyed too rapid and
prom mn .I recovery; We see nothing
good securities, but, on the contrary. re-
gard these reactions as inevitable. and
arording excellent opportunities for pur-
chases We have had our liquidation here
and largely in London, and while money
must needs continue active no one now
should be forced to sell. The buying has
peen recently of the best, and a vast
amount OF good stocks have left Wall
street probably not to return. This is
certain to have most healthy influence,
and buying is judicious of New York Cen
lrai, which is earning IL per cent, OF
Union Pacific and Atchison preferred. and
also of the good steel shares"
Bartlett, Frazier & Co., of Chicago. tel
egraphed the following to Edwards & Be
chants, ITO EndteetI Arcade, st. Paul.
Minn..-Hudson: There is a splendid OPP
portunity to take profits. You will never
get poor doing So 1!.1B., F. & Co.: 1.-The
Consols LIS easier for money Amer
leans firm, with one or two exceptions.
Mining market inactive. but steady
Morse: Foreign sales and the absence
made the market feverish, and-at times,
weak, this morning. 1t was not a mar
ket to encourage investment buying, and
the average outsider seemed anxious to
dated Gas. Tobacco and Leather did not
generally improve the general tone The
market has. however, been benefited by
tn execution of stop orders and the
stocks of all the Vanderbilts Is a good
sign. The railroad list, ought to rally be-
fore the close There was an unconfirm-
ed rumor that there had been a bad Brit
d fore9 sat the aas are in
pany has secured control Of the New
York Gas and Electric Light. Heat and
Power company. ',-.Wortley Traders
Tel m me had fallen and the room WAS
inclined to believe the story, because Lon
don was heavy seller, putting out about
$4,000 shares. London houses say they
TREASURY. sTATEMENT-W Washing
ton, Jan. S.-Today's statement of the
treasury shows: AyailablIee. cash sd o balances.
NEW YORK MONEY-New York, Jan.
3.-Money on call steady at 694 per cent !;
last loan, per cent, ruling rate, 6 per
cent: prime mercantile paper, per cent;
Sterling exchange firm with actual bust
ness In bankers bills at A.8Q48716 for
demand, and $4.Sa@4S21a for sixty days;
posted rates 81 SO and; $i.SS1s; commercial
bills, at $4.S1@4 S11a; silver certificates. 6S1a
@591a; bar silver, -6Ssa44c;; 8 Mexican dollars,
471kc.
FOREIGN FINANCIAL New York,
Jan. S.-Tho Commercial Advertiser S
London financial Seablegram says: The
ing today, but they fell off on the re-
lapse. of consols from 1917 to 9e1s on the
issue of s2, 100000 of local loans stock, 8
per cent at 9I1a American securities be-
gan weak and fell STEADILY on heavy sales
6y Berlin. where The bank bar s aa asnd
proflt-taking here and sales from New
York The closing. was fiat, the lowest
prices being reaehed1in the street. Lou
fsville & Nashvil5 flBU Union Pacific were
the weak featurs
fluctuations contNSdstp decrease and the
feeling towards Mznatfcan securities has
improved. especiaNE III the case of copper
stocks The belis SINS ground nsa that the the
the business of the WA Bifls are some
what weak on account of rumors of a
new war loan. On the street today prices
xere Meaa secu GS defined to point
BANKi1eLfSARINGs.
st. Paul, s1,O67, es5. 65I
MINNEAPOLIS, 81 s., III 4affs
New York, $s17:433s96h
Boston. s2S,es2, 81 d