The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-20
NEW YORK MINING STOCKS.


Wall STREET GOSSIP-Peported
by Holbert & Son: The absorption Of
vast blocks of stocks heretofore specu
IatiVely held by corporations who viii
not not again sell them. and who in many
instances trustee them for the benefit of
coHateral bonds issued against such. Sc
curIIleS is continuing feature of the
market. The absorption of these stocks
means an absolute dearth of Just so much
speculative material and forces. the oper-
ator In broad market like the present
40 tIrn to something else Jersey Cen
tral, pennsylvania, to a great extent
I Baltimore & Ohio, as well as Norfolk e.
western, Mobile Il Ohio, and Big -Four
I are All among those which have been
treated IN this manner, and Southern Pa
CHIC, with many Of It's Western stocks
not So directly connected with orr New
YORK market, have also passed into the
hands OF institutions or CORPORATIONS
t mat VIII rfot.resell. We cannot overes-
Ii IN rs: the effect of this unusual conGi-
ton on the securities in Wall street. 1t
+ inusteahaNe2 very marked bearing on
theIn' ana one Of a very permanent ma
lure; It IS worthy also of notice that
the buying of stocks at the present time
is by the: strongest class of people It is
n ntrona ease, Of securities passing from
: reverse, and the end of this market. in
our opinion, is long way off.
.rTEE1ASURY 'BALANCES-Wa Washington,
M mar Is.-Todays statement of the treas
sive of the $4,000 goo gold reserve in the
division of redemption, shows: Available
ca NRM Rala1ee $l5l OS4 $50; gold s92oS4 so
at 214@21a per cent Prime mercantile pa.
per, 31s0f4R per cent. Sterling exchanges
strong, with actual business in bankers
.S45s for 60 days; posted rates $3.50
4. S51a and $4.8SlA; commercial bills. 81 .S3sS
"a .s4A; silver certificates 611206Sc; bar
silver, 60Ac; Mexican dollars, Acc.
A
March 19.-The Commercial Advertisers
London financial cablegram says: Amer
lean stocks monopolized all the attention
in the stock markets here today Other
wise business was quiet. though prices
were very irregular. General trading was
checked at the outset by the rumor that
pute with the Russians at Tien Tsin
had proved abortive. There came a re-
port port which says that the whole matter
home business. but the market ended
with depressed tone caused BY a cable
ddis l pat saying that Botha had refused
american department was busy with
buoyant prices throughout the whole ses
sion There was very large profession
al dealing. but the public is too nervous
after the long rise to dabble at this
high level London preferred. in its buy
ing, Louisville & Nashville; New York
was buying, heavily Of Eries, with Lon
don selling freely. New York bought also
a great quantity of Canadian Pacific.
There is an absurd story current here
that the men on the miners executive
the miners funds and that J. P Morgan
finding them short on Erie issues. is now
squeezing them Tintoss spurted sharply,
ed around and bought. The bank has
received 937.000 of gold in bar and
f6, GOO from Turkey. 1t is sending
out $4,000 to Malta and $4,000 to South
America Money is scarce on a call of
about a million local loans The rate
for call loans ranged from 31494 per cent:
time money and bills, S5s per cent.
96B; for the account. 9614.
BANK CLEARINGS
ST. Paul, s6s7, $50.
Minneapolis, 81 ,567, 695.
New York. 1855, G66 041.
Chicago. $26.041, 055.
Boston, S25. 224947.
WOOL MARKET-Boston. March 10
The wool market is steadier this week
There is firmer tone with good de-
n1and, and altogether there is great
Improvement over recent conditions
Territory goods continue to hold the list
of sales with prices about the same For
good lines of fine medium and fine the
range is on the secured basis of about 49,
and AZ cents, with strictly staple lots
at "A and Acc. Fleeces fine washed, are
held steady in price, but offerings are
small and demand is light. The follow
ing. are the quotations for leading de
scrirtions; Michigan Wisconsin, etc:
Michigan. 21c; do No / Michigan
conbing, 256t26c: do No. 2, 25@26c; coarse
and braid Washington, 25c; fine delaine,
2iqSc; uuwashed medium, etc, Ken
lucky and Indiana quarter blood 22@
BIC: Missouri quarter blood combing,
230B24c; three-eighthS blood 23G4c: Mis-
souri, quarter blood combing and cloth
ing, 22G23c: three eighths blood 22023c;
braid combing. 20@2lc; lake and Georgia,
20Q21c Territories: Montana fine. me-
dunn and fine, 1fG15c: secured, 42@43e;
staple, 456546c; Utah, Wyoming end Ida
no, fine medium and fine, 12@14c; scour-
ed 4d@42c; staple, 44d46c. Australian,
secured basis, spot prices combing SUI
perfine. nominal, 6S0a70c; good, 64@65c;
average. oeaeSc