The Saint Paul globe., 1901-06-19
NEW York MINING STOCKS,

NEW YORK STOCK GOsSIP-Report-
ed by Fl. Holbert & Son: We note a
Iunther increase in price In some of o,;r
S5eei T and iron stocks, notably Colorado
Tuel Tue, ana ana IRON and Tennessee Coal and
iron: Both these properties have a strong
inanlpulatiVe party behind them, and ii
Is hard TO Say what course they will
take. The conditions Of money are
changed slightly today and rates are a
trlte higher both for call and time
money. We suppose there will be some
slight disturbance in rates between now
ana ana the lst OF July. but after the pay
menus que at that time are carried out
We should expect cheaper money than at
any time thus far The trading on the
noor Of the exchange today has largely
been for the account of indiyiduaI bro.
kers, and the promiscuous stock bust
| ness commission orders is distinctly
ilght. Many people feel that the market
mas spent its strength and that an ad-
vance from this time on is somewhat
problemattcal and must be confined to
| narrow lines. While we believe that
many stocks will ultimately sell higher.
we are inclined to think there will be a
period OF dullness which may extend over
the next five or six weeks
BANK CLEARINGS.
ST. Paul, $851, ,536.
Minneapolis, $1.909. .237
New York, $36l, ,401, ,6l2
Chicago, S24, ,492, ,62S
Boston, Si3 5l4, GIG.
lH TREASURY BALANCES-W .naton
June 16.-Today's statement of the treas
ury balances in the general fund. ex-
elusive of the $3.50, 0,000. 900 gold reserve in
the division of redemption shows: Avail
able cash balance, $16S, ,921, ,925; gold. S95.-
So, ,4S5.
NEW YORK MONEY-New York, June
1S.-Close: Money on call firm, at 3GI5
per cent; ruling rate and last loan 4
Prlme mercantile paper 312G412 per cent.
STERLING exchange easier, with actual bus
mess IN bankers bills at $4.S77s6I4.98 for
demand, and at $4.7% for sixty days.
Posted rates 1.S61aG4.89 Commercial
bills, $4.S4a4g4S5 Silver certidcates
nomlnally 60c. Bar silver, 5e1c Mexican
dollars, f714c.
FOREIGN FINANCIAL-NeW York,
June B.-The. Commercial Advertisers
London financial cablegram: A general
exodus to the Ascot races thinned the
attendance on the floor Of the stock ex
change here today. The tone Of the mar
ket was dull, and even the American de-
partment that has of late shown activity
In otherwise active trading, was dull with
the rest Of the American stocks operat-
Ing heavily on fears that there may be
monetary stringency in New York
Prices steadily sagged from the opening
on slight support. There was, however
some buying in of Northern Pacific at
l5O. Canadian railway stock were fiat
on the beginning of the strike ConsoIs
were exceptionally firm on the purchase
4 to 8h per cent in the Ber-
I'm Dank rate. IT is thought possible
that the Bank of France may follow with
reduced rate soon. Money here is plen-
tlful despite the payment of $500 con-
soils The Bank of England has bought
$4,000 gold in Australia and 10000 in
Egypt. Bar silver is 273sd an ounce on
American sales. Exchange on Paris
29:501a; Berlin. 203912. Consols for money,
93A; consols for the account, 93sl The
amount Of bullion taken into the Bank of
England on balance today was e35. 600
Spanish 4s, 71h. Gold premiums are
quoted as follows: Buenos Ayres 133. 30;
Madrid 1906.
Paris, June 1S.-Three per cent rentes,
lG5 francs 1l12 centimes for the account
exchange on London, rs francs 20h CEN
times for checks. Spanish 49, 1880
Berlin. June 1S.-The rate of discount
of the Imperial Bank of Germany was
reduced from to 315 per cent today.
The weekly statement Of the Imperial
Bank of Germany shows the following
changes: Cash in hand, increased a. 1sO-
coo marks; treasury notes. increased 920-
600 marks; other securities. increas ased 20,-
$4,000 marks; notes in circnlation, de-
creased $40, 600 marks. Exchange on
London, % marks f915 pfennigs Yor checks
Discount rates: Short bills per cent;
three months bills, 31s per cent.