The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-29

WALL STREET GOSSIP Strong, Stur-
gis & Co. wire H Holbert & Son: The
absorption Of Burlington by inside par
ties continues and the strength of North
ern Pacific Is doubtless due to the sup
posed benefit to be derived from their
share of the Burlington lease. 1t may
be also said that Burlington stock will
probably sell much higher in the near
future. Rock Island is promising, and
is perhaps the cheapest of that group
for. an immediate return. Referring
however, to Northern Pacific, we would
call attention to the condition of the
preferred stock, which is not only abso-
lutely safe as an investment security
but has a very distinct speculative fea-
ture. But little doubt exists in the minds
of those we'll informed that this
stock will be retired at par; purchases
of it today, therefore, with the divi-
dends which will accrue and the benefits
to be derived by the bonded issue, Of
fer tempting opportunity for the in
vestment of money, and we believe the
stock will sell distinctly higher"
BANK CLEARINGS
st. Paul $712,sO9.
Minneapolis, 81, 522 635.
New York, $3.50 SIC, 1s6.
Chicago, 80, sc, 1858.
NEW YORK MoNEY-New York.
March 28.-CIose-Money on call steady
at 21z@2A per cent. Prime mercantile pa
ffirn, with actual business in bankers
bills at s4.SS4 for demand and $4.o47s for
sixty days; posted rates. S4S572Q4,S9; COM
nfercial bulls, $4-S4Q4. S412; silver certiti-
Gates, 5s&4Q61c; bar silver, 5S9sc; Mexican
TREASURY BALANCES Washington,
March B--Today's statement Of the
treasury balances in the general fund
exclusive of the $150.G00,G00 gold reserve
in the division of redemption shows:
Available cash balance, $153, 967 ,S31; gold,
$50, $40, GAS.
FOREIGN FINANCIAI-New York,
March &.-The Commercial Advertisers
London financial cablegram says: Bush
ness Or the stock exchange here was
brisk today and the tone was one of
cheerfulness through the market. Con-
soils continued to advance, urged on by
the hope Of cheaper money. There is an
opinion which is growing day by day,
that the government will refrain from
the war is over. It is believed that the
government has practically decided not
to borrow any more in this way because
the low price for consols now would
unworthy level of "a. American shares
were buoyant throughout the list and
throughout the day London was a buy
er of Northern Pacific. Denver preferred
the list generally, were strong on the
fresh reports that ]. Pierpont Morgan
had succeeded in averting a strike in the
coal fields. New York supported prices
and Union Pacific. Fries and Readings,
chiefly for the end of May or the begin
ming of June. Gold to the extent of
100000 is going out to South America.
The bank has bought 5000 pounds of gold
bars. Money was scarcer though the
rates were unchanged on the exchange
for the settlement, and the end of the
month demand The market borrowed
e. 000, 0G0 from the bank
London March 28.-ConSols for money,
50 Ills; consols for the account, 95 Ills.
The weekly statement of the Bank of
England shows the following changes:
fetal reserve decreased e942, COO; circula-
ton increased GS3S 900; bullion decreased,
9104;114; other securities increased G3,-
233, 000; other deposits increased Ell, 764, 900;
public deposits increased 9421,000; notes
reserve decreased $780, 600; government
securities decreased Ell, 900. The proper
ton of the Bank of England's reserve
tic liability Is 1864 per cent. Last week
it was 504S per cent. Rate of discount
unchanged at per cent.
Paris March 2S.-The weekly bank
statement of the Bank of France shows
the following changes: Notes in circula-
ton increased 12950,0OO francs: treasury
accounts current increased 9,050,000
francs; gold in hand decreased $4,000
francs; bills discounted increased S,1T5,-
600 francs: silver in hand increased 1926
900 francs.