The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-07

Call money. New York; -. ~ 1902
WALL STREET. June 6.-About mid
way in today's stock exchange there was
a rise of 3 in Jersey Central ON rumorS of
control by b. q o. This. incident offered
an isolated feature of strength in the
days trading and caused the only brief
respite from the mood of depression
which prevailed all day. The most effec-
tive single factor was the Warlike devel-
opment III China. This influence was re-
fiected in New York from foreign stock
markets from the opening here, and Lon
don's actual sales III this market on that
account ran up to ABOUT $1,000 shares.
about half of which were of Atchison
preferred. Even as direct influence this
selling had a notably weakening effect
in so narrow market as now prevails.
The sympathetic effect OF the foreign
weakness was even more marked.
Wall street entertains no great appre-
hension that the United States will be-
come directly involved in the difficulties
in China. But compliments of American
capital In foreign money markets and
the extension of American commercial in
terests have grown to such proportions
that any event which would preclpitate
liquidation In foreign markets must be
reflected directly and strongly in the
United States. Besides the news from
China. foreign markets We're affected by
the tightening of the money rate in Lon
don and Paris, and slightly easier tone
ia the Berlin money market was not Suf
Gcient to offset other depressing factors.
The break III the foreign prices of iron
and rumOrS of further concessions in iron
prices in this country emphasized the
weakness in that trade buth abroard and
in this country. The domestic news in
the iron trace was confused reports of
declining prices being mingled with open
ing OF some mills recently closed down.
Tennessee Coal was the weakest of the
steel group and lost "a. In the general
list prices were weak throughout, but
stocks, which have shown some strength
recently, were most affected. AtchiSJn
preferred, st. Paul. ,B. & o.. Union Pa
clfc and Louisville were examples. Den
Yer & Rio Grande preferred fell 212 points
on rumors of the acquisition of the Col
orado Midland. by rival interests and
Great Northern preferred declined
points There is growing unea SneSs in
speculative circles, over the prospects Of
the wheat crop. based upon the low con-
dition reported today from Ohio, and the
continued drought in the Northwest
The converting of the joint passenger
committee III this city, and the merting
tomorrow of railroad presidents 70 at
tempt an adjus tmenbof rate d disturbances,
calls attent II to that source of danger
to values of railroad securities
The money market continues almost un-
precedentedly easy in spite CT the taking
up by the subtrcaSury from the local
banks of -, .0G0 thus far this week
This gain by the subtre4sury is due to
the calling III Of government deposits
from the banks. and the money will be
returned to tie channels of The market
rs soon as the 2 per cent bonds Whicn
have been called are presented for re-
demption.
The bond market weakened. in sym
pathy with stocks, on a moderate volume
of business. Total sales. par value 81
$4,000. United States bonds were un-
changed in bid quotations. 800 t,Hfs
STOCK QUOT ATOMS.
Furnished by Charles H. T. Smith &
Co. me nbers OF the New York Stock ex-
change, Pioneer Press building who have
direct wires to Chicago and New York.
Closing prices are bid: