The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-28
DAY IN WALL STREET.
Heavy Trade in st. Paul, Which
Closed ct the Highest.

v.
Close Day
Bar silver, New York ............ e. ~
Call money, New York ..........1h 11a-2
NEW YORK, jan 26.-The stock mar
ket manifested only a languid DISPOSE
ton to respond to the very active and
bold manipulation to which it was sub
jected today, until the appearance of the
bank statement. Immediately upon the
appearance of the statement upon the
tape, the market became animated. and
the dealings broadened out considerably;
nevertheless, the market remained spot
ty to the close and, although there were
d large number of stocks which show ad
vances of one to two points, many parts
of the list failed to RESPOND to the adj
vance at all. St. Paul was the featu all
day. The stock was exceedingly feVerish
and unsteady, at times, but it was ad-
vanced with determination and made the
last price at the top point above last
night The dealings were on very
large scale. The preferred stock gained
2A. The Kansas 81 Texas stocks. con-
tinued to hold a conspicuous place in the
market and the preferred rose z9s in the
early dealings, but suffered later from
proft-talling. Rock Island rose rs and
the grangers and Northern Pacific were
all strong. The bank statement discioS-
ed a fairly plethoric condition of the
money market, and the very liberal eX-
pansion of loans by the banks of over
SO coo, 900 has not sufficed to keep pace
with the rapid congestion OF reserves. A
notable feature of the cash increase Is
the Overwhelming prepo1 derance OF spec e
in the receipts. The week increase OF
81, 057 400 brings the specie holdings on the
New York banks Up to $191, ,2GO, which
compares with the medium record OIL
s206, S76 500 on May q, 1889. The sub
treasury payments are now being made
almost wholly in gold, including the large
current redemptions of national bank
notes, and the mail and express receipts
from the interior by the banks include
a large number of gold certificates or
1n--on Denomination. The banks have also
received payment from the subtreasury
on account of a million dollars receipt
of gold in San Francisco. YESTERDAY
steamer from Australia brought anoLher
1862 900 in gold to San Francisco, when
will figure in New York bank reserves
eventually It is worthy of notice that
all of the $4,000 900 gold exported this
week also came from the government as
saw office. The speculative contingent
In the stock market evidently looks 20
this redundancy of loanable resources to
stimulate specula tive buying of stocks.
1t is also certain to stimulate the gold ex-
port movement. With further rise to-
day in the quoted rates for sterling ex-
change in the nominal Saturday marker,
with an advance in the caH money rate
in London and with sterling hardening at
Paris. it is not unlikely that the coming
week will see gold go to London lnstea9
of fo Paris The reInittanceS aoroao
IN navuent of returning securities, "a
tinue in a large scale and keep up the
exchange rate.
STOCK QUOTATIONS.
Furnished by Charles H F. Smith &
20. members OF the New York Stock
E,xchange. Pioneer Press building. VINO
have direct wires to Chicago anu ne"
York Closing prices are bid:
Closing.
ID