The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-30

NEW YORK, Aug. 29.-Any hopes of a
revival of speculation at this time sts1l
further receded today, and the business
transacted at the Stock exchange was
about the smallest of the year Such as
1t was, it was done above Yesterdays
close OF the day, revealing the strictly
professional character Of the dealings
and left prices near& last nights level.
Yesterdays check to Tuesdays selling
movement had a1ently aroused some
cope cope mat renewed buying movement n
1orce might be imminent. This ranged
the professionals on the buying side ana
accounted for the upward movement
while the closing out of their accounts
ton.
London was reported a buyer in this
market to an effective degree, consider
ing the narroWness Of the market This.
coupled with free supply of grain bills
caused a further reaction in the sterling
exehange market. The London MONEY
market at same time hardened apprec a.
Dly' In part owing to~the demands Incl
cent to the pay day for the stock eN-
change settlement Exchange authorit es
90 not express much expectation of any
inward movement of gold in the early fu-
ture. The supply of exchange bills is In
some part connected with the making of
steFl ng loans. and any Stiffening of for
eign money rates would be likely to
bring demand for exchange in connec-
ton with the releaS Of these loans The
weekly Bank of England statement
showed an additional strengthening of
the condition Ct that insttut on. but the
returns of the Bank of France are weak
showing a dec, Inc n the gold reserve an
expansion of the note eli culation and a
heavy increase in outstand, ng loans
conditions in the local money marker
continued practically unchanged. There
was an additional $499g0QD transferred RI
Chicago by deposit .cat the subtrea sl1ry
ana without this that, institution S with
S II ON the loeals money market
nao Ieachfd 53,I2l ,0O4IEp to last night.
coupled with the large special movement
10 Philadelphia, KNOWN tD have occur. ed
carly in the week ana the movement of
currency by expresSsito. tie interior a
large fs decrease IN cash reserves is tax II
fer granted as an ibenlnof next Satur-
DAY S bank statements safhe tine money
market is We y dull. ewing to the disuJ-
s1tlon of lenCers 10 Keep their funds III
call loans TO meet any emergency. There
was some special d8maald at different
times TODAY for StS0LdsIis & South
and Canadian Pacific of the large net
earnings reported from Raiy, for Missouri
racine on vague expectations of coming
deyelopme IS, for ntefffati nal wr On
the large orders for new locomotives
for the InternationaE Raper stocks on the
cond lions reported at the annual m e5-
ing, Tor the Fries onsthe9hope that labor
dlfterences among the anthracite miners
would be avoided ana for Mexican Ma
tlonai. Mexican Central Baltimore &
ONO and some other stocks for un1is-
closed reasons; American Smelling de-
clined further on Iumors of competition
organizing, but rallied Sharply.
There was liquidau n ef Standard Rope
and Irvine Issues. which b oke the price
Of the and points and of the incomes
points. Central of Georgia first in
comes fell ~.
The bond market therwise was Sight
~ irregular. Total sales. par value, s., $780,
Geo. United States IS advanced IA and the
new is declined Il per cent on the last
call.