The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-08

BANK CLEARINGS
st. Pani, s727,9Os.
Minneapolis, 81 1883 Ill
New York. $2S5. S44, 0es
Chicago, SO, 1863, Al.
Boston, $21, 10 201.
WALL STREET GOssIP-strong, stur
gis & Co. wire Holbert & Son: "Notwith-
standing the many runlors Of deals and
combinations which have been afloat,
nothing of distinct Importance has trans
PRED today, but several or the alleged
and expected deals are doubtless nearer
to completion. To some extent this con-
summation has been anticipated by the
room traders and large blocks of long
stock have been marketed hota by parties
inside and outside of the exchange.
This has been noticeable IN Reading and
In Erie as we'll as in Missouri Pacific and
the Southwestern shares. AS a natural
result, between ! o'clock and the present
writing, the market has become more
dull and the contrast with yesterdays
business at this hour is very marked. Of
course we must expect recessions and IL
certain amount of dullness after the late
extraordinary speculative activity 1t
always works in this way, and there is
no reason why the present should be any
exception. Still there are very many
stocks that doubtless will be taken hold
of and under favorable conditions will
be advanced further. We are, however,
rather disposed to urge orlr friends to ac-
cept their profits on DE more active OF
these stocks, believing that there will be
purchase at satisfactory prices.
NEW YORK MONEY-New York, Feb.
Close: Money on call steady at per
cent. Prime mercantile paper, 36D4 per
cent. Sterling exchange easy with actual
business in bankers bills at $4s7A for
demand and at s4.64a for sixty days. Pest
ed rates. ST. S5G4. SS1z to S4ss. CONNER
cial bills, 81. S33f "a 1914 Silver certificates,
-61@63c,- Bar silver. eO7sc. Mexican dol
lars, 47e.
Feb. 7.-Today's statement of the treas
ury balances in tine general fund, ex-
elusive of the $150,e09 800 gold reserve in
the division of redemption, shows: Avail
s57, S63
FOREIGN .F'INANCIALr-.London. Feb.
THE weekly statement of the Bank OF
England shows the following changes:
Total reserve, decrease G152,O00; circula-
ton, increase s116,oC0: bullion, decrease
600; ether deposits, decrease 81, $4,000;
ptroltc deposits, decrease $500; notes, re-
serve, decrease 9234, COO; government Sc
curities, decrease, 1884 ,0O0.- Proportion of
Bank of England's reserve to liability is
Eos per cent. Last week it was 44e5 Per
cent. The rate of discount of the Bank
of England was reduced from to o12
per cent today. Consels for money, 969s;
for the account. SO 1916.
New York, Feb. 7.-Commercia1 Adj
vertisers LonGon fln2 ncial cabiegrarn:
The tone of the market here today was
coed, the announcement that the Bank
Of England had reduced its minimum dis
count rate one-half of one per cent ex-
ercising a favorable influence. Conso!s,
however, were weak in anticipation of
the announcement of the new war loan.
The American department was active
throughout the session and the Whole
of tire list was affected more or less.
Much OF the activity was due to the
participation Of the general public. The
Continent opened on the selling side. A
conspicuous feature was Union Pacific.
1t opened above parity, then relapsed,
but closed strong ct 9S1A-on support sent
from New York. Money rates were
easy Silver was weak under pressure of
American selling.