The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-24

NEW YORK STOCK GOSSIP = Re
ported by H. Holbert & Son, bankers
and brokers, st. Paul: There has been
much good buying Of Ere, largely for
foreign account, and it is believed that
Kuhn, Loeb & CO. have been extensive
purchasers of this stock. Rather good
buying of Reading has also been observ-
ed and there have been some orders for
Colorado Southern, which would Indicate
that the amalgamation of this stock W tn
the new Southwestern combination Is
going to open terms favorable to it.
FOREIGN FINANCIAL = New York
May 24.-The Commercial Advertisers
London financial cablegram says: The
attendance at the stock exchange here
today was small and prices were inclined
to droop owing more to neglect than to
any pressure to sell. Americans were
still distrusted, pending an authoritative
announcement concerning the settlement
of the Northern Pacific complication
The exchange committee has decided to
postpone consideration of the resump-
ton of the buying in Of that stock until
the 10th of June. This announcement
served to increase confidence here. and
the New York demand for Fries caused
a feeling of quiet cheerfulness. The
strength of the Erie Issues brought out
talk that the Pennsylvania coal pur-
chase, the buying of the Leyland steam
ships and the development of the Erie
system are all parts of one transaction
connected with the great coal trust
which is said to have been formed for
importing American coal to Europe.
Money was easier today on the release
by the India council of S500000 against
today's arrival of &576 600 gold in bars
at the bank. The bank returns show
that the market has repaid to the bank
98,000, 000.
London May 2S-The weekly state
rent of the Bank of England shows the
following changes: Total reserve in
crease. e227000; circulation. decrease,
securities, decrease. E0.254, 600; other de-
posits. increase. &3,S99.e00; notes. reserve,
increase, e124,099; government securities,
increase, s4O6 Gee The proportion of the
Bank of England reserve to liability is
81 per cent; last week it was SO per
cent Rate of discount unchanged at
per cent. Consols for money, 81; consols
for the account. 81 l-6.
Paris May s3.-The weekly statement
of the Bank of France shows the fol-
lowing changes: Notes in circulation,
counts current, decrease, 9.550.000 francs;
gold in hand. decrease, 225,0c francs:
bills discounted, increase, 11S. 800 900
francs; silver in hand, increase, 5,8l5,CO0
francs.
BANK. -CLEARINGS.
st. Paul, s665,065.
Minneapolis. 81 ,225,4S8
New York. s227. O62. 1SS.
Chicago, SIS. 757.56l.
Boston $23, POS, 973
TREASURY BALANCES-Was
May 21.-Today'S statement of the treas
Try balances in the general fund, eN,lu-
sivc OF the $3.50. 600 coo gold reserve in the
division of redemption. shows: Available
cash balance. s15S. 7e5.52S; gold sos, 0S4, Oss.
NEW YORK MONEY-New York, May
Clcse-Mcney on call steady at 3G4H
per cent; last loan per cent; ruling
rate per cent. Prime mercantile paper,
4GI41A per cent. Sterling exchange strong,
with actual business in bankers bills at
$tsS1t @4.SS$s for demand and 1T S4S47S
fer sixty GAYS: posted rates, &.851R and
4S9; commercial bills, $4.S4h. Silver GER
tifcates, nor finally 60c; bar silver, 59Ac;
Mexican dollars, 48hc