The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-18
STOCKS RULED BlNL|SH
THERE WERE EVIDENCES OF THE
WORK OF AN INFLUENTIAL
BODY OF BULLS
GENERAL LIST Is NEGLECTED
Union Pacific Again the Leading
Stock In Interest on the Floor
Some SpeciaIt1es
Active.

NEW YORK, July 1.-THE stock mar
ket gave continued evidence today of OPP
erations by an influential bull party.
Their efforts to advance prices met with
considerable success, and were assisted
by a sharp upward movement in a num-
Der of individual stocks, in which an
outstanding short interest was driven to
cover. Business continued in large part
in professional hands.
The general list was rather neglected,
and Its price movements were unimport-
ant, but net gains were generally regis
tered at the close of the day.
The manipulative character of the mar
ket was evident from the circulation from
time to time Of some rather extraYagant
rumors. But the resulting gains were
pretty well held, and the pressure Of
profit taking at the advance was not suf-
nc1ent to cause any very notable set
back The tone of the market at the
close, however, was rather easy and
dull at concessions from the best. This
was due rather to a pause in the bull
manipulation than to any large selling.
Union Pacific was the most conspicuous
stock in the list, and resumed its up
ward movement early in the day. Higher
quotations from London helped the ad-
vance, the news Of the fall of Tien Tsin
encouraging sentiment there.
a period of dullness and relapse follow
60 the higher opening. which was appar-
entity due to the upward tendency in Bal
timore & Ohio Some doubts We're cast
on yesterdays confident predictions of an
early dividend on this stock The market
maintained an attitude Of Indifference for
some time to the rapid advance scored.
nrst by Brooklyn Transit, and later by
sugar, the first rallying 31s from early de-
press1on, and the other rising nearly four
points: The movements were due to the
demand from the shorts, who were dis
turbed by the apparent willingness of in
side interests in Brooklyn Transit to see
the stock go down and by reports of
ent level Of prices.
There were similar movements on a.
smaller scale in a number Of prominent
s s,s9lt n Pacific mail rose conspicu-
OuSly TOUR points on the superstition that
IT would be benefited by the TRANSPORT
OF 0I troops and military supplies to China.
me upward movement in railroad stocks
W was renewed after midday under the slim
ulus OF these special movements The
Strangers, Southwesterns and Pacifics adj
Vanced very generally from l TO liz
points, and st: Louis & San Francisco
actions ~ ~" Il o'IiS-
The movement did not extend far ont
sue OF these limits, and the steel stocks
we're we're rather quiet, and fuctuated irreg-
qlarly under the influence Of uncertainty
que to conflicting reports of a conferences
when was expected to be held TODAY he
tween leading steel interests, but of which
ests ~ 'no9e inter-
The favorable crop news was an innport-
ant influence in the result The buyine
81 gram IN carrying roads was reputed to
Jo,,I, - AiSiii III the west, where the
puii movement in grain has run narafiai
MN Nun pull speculation in grangers. De-
nlalS this morning of. a prohahiTitv +bo+
congress cig would be convened in extra sese
was felt late yesterday --i0t-
lie ne check to the advance in sterling
tSAGhange was due to the OFFERINGS re
bills against gold exports Arranq 1tlS -
for rep9F1ed It to .o have been already made
thursdays steamers, and excbangss
n 1.oa91 estimate that the total for The
week week VIII run up to between three enS
Tour million dollars Iii co ana
money on call and for short and +,,,o
leans Continues easy and abnnd anu tIIne
tba fd are indisposed to place loans for
a., me bond market was dull TODAY and
me, me movement of prices continues irreeC-
IN Tn tbe b states old As and IS advanced
STOCK QUOTATIONS.
~ Furnished by Charles II. r sr,+b o
20, members of the New York S 3llith g
arrange, Homer Press building who have
G SI[eGn wires to Chicago and New Y 1i1Ee
01oslng prices are bid: AorA'