The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-07-19

FOREIGN FINANCIAL-Lon july
Is The stock market today was rather
more cheerful in sharp recovery of
American shares, which came up strong
over night They were bought by Lon.
don, which is rather short. The market
eased off about noon on liquidation In
consequence of two small failures. They
finished buoyant, however, on New
York's hearty support. Chicago, Mil
waukee & st. Louis led, but London e,l
little; Chesapeake & Ohio was patronized
on the Times cable dispatch that Penn
sylvania will guarantee a 3 per cent
dividend, but in the best informed quar-
tiers the report is discredited.
The market has repaid the Bank of
20.4
Consols for money and the account,
Bar silver quiet at 267sd per ounce.
Buenos Ayres, 1920; Madrid, 1887; Lis
bon, 80. so.
Money, 2@21a. Rates of discount in the
open market for short bills 21b6125s per
cent; three months bills, 25sQ2 1l-16 per
cent.
Paris, July 1S.-The weekly statement
of the Bank of France shows the follow
ing changes Notes in circulation de-
creased 2O75,O0O francs; treasury ac-
counts, current, decreased 20575, 900; gold
in hand, decreased 100000 bills dis
counted, increased S,475OOO; silver in hand
increased ], $500
Three per cent rentes 100 francs 70 CEN
times for the account Exchange on
London, 25 francs Is centimes for checks.
Spanish as, 1922.
Berlin, July 1S.-Exchange on London,
20 marks Al pfennings for checks Dis
count rates, short bills, 21& per cent;
three months bills 2s4.
STOCK GOSSIP-Reported by H. Hol-
bert & Son, bankers and brokers, BAL
Robert street.-The rally from the lowest
prices, which took place yesterday and
the day before, has apparently spent the
greater part Of It's strength and we are
now disposed to look for a further de-
preston and sagging values for a few
days. An adjustment of the strike aud
a settlement of that question would give
another impetus to the market upward
but it is likely that that may be delayed
for some time to come. In the meantime
the public look rather Cmidly at the
market and the outsiders rather indicate
that they have stocks enough. Money
has eased somewhat and there is fair
amount of offerings at the going, both
on time and call 1t is not cheap enough
however. to be particularly tempting or
to influence speculation.
NEW YORK MONEY-New York July
1S.-Close: Money on call easier at 21aGD
312 per cent; last loan, 3 per cent; prime
mercantile paper, 44412 per cent; sterling
exchange firm, with actual business in
bankers bills at $4.S7A for demand and
at $4S41a@4S45s for sixty days; posted
rates. $4.S515 and $4.8S; commercial bills
S4 SS34 @4.S414; bar silver 5SAc; Mexican
dollars, 46Ac.
BANK CLEARINGS.
st. Paul, s933, O72
Minneapolis, $1,F25,S44.
New York, $40 319, ILL.,
Chicago $24,901 1856.
Boston, $23 $685. las.
New Hutchinson Train
Via ''The Milwaukee,"
On and after June 18th an additional
passenger train will be put on via c., M
& ST. P Railway between the Twin
Cities and Hutchinson daily except
Sunday.
New train leaves Hutchinson 7:30 S. M,
Glencoe a. M, Plato 500 a. m Nor
wood S:1S a. M, Cologne $3.50 a. M, and
arrives Minneapolis GAS a. m, st. Paul
1920 a. m.
Returning, leaves st. Paul p. M,
Minneapolis 4:40 p. M, and arrives Glen
zoe $50 o. m. and Hutchinson 7 D. M.