The Saint Paul globe., 1900-06-01
STOCKS IRE SOME H|IBER
~ xs-r L. - ~-~-,~~
MARKET TOOK on. A. BETTER ,roSE
AT THE OPENING Of THE
! DAYS BUSINESS
ATCH1soN ANDBURL1NeToN UP
Those Stocks EasiIydLed the List
Sugar showea Strength uaevs'
to Advances I'm Prices -.-5-
Bonds Active.
Close.

e Close
Call money, New York:o,............
NEW YORK, MAJ :S8I&The stock mar
sket struggled for a While with uncertain
ty and apathetic Indifference, but toward
the latter part of the day took on more
aggressive strength and closed with a
greater appearance of activity and vital
force than 1t has shown for many days
past. The impulse was upward from the
opening on a number of influences accu-
mulated over the holiday. The one of
widest bearing and interest was the re-
ported capture of Johannesburg and the
readiness of the Beers in Pretoria to
surrender, The buying for foreign. ae-
count here. however. did not exceed 49,
90 shares, and the tone of the New
the opening on prOfit-taking and on dis
appointment that no greater strength
was shown. The effect may thus be said
10 have been very small. and memen-
tary, unless some of the. latter buying
was in expectation of a more active de-
mEand for stocks from foreign sources.
The later strength was conspicuous in
Southwestern and Western grangers, and
Is doubtless attributable to the prospects
of the winter Wheat 1crep. ls.-s4@-4-.s : -
Atchison preferred and Burlington were
easily the leaders, the former gaining
and the latter "a on large transactions.
The strength elsewhere in the railroad
list proved 70 be in sympathy with this
mated.
Another notable source OF, strength was
the demand for the steel stocks which
rose at one time from l to 3 points all
around. Later. more hopeful views of
the trade outlook. were quoted from au-
thorftles in the from trade and reports
were current of large contracts for -ex=
port The weakness of mine stocks in
Berlin was attributed to, new scomDeti-
ton from American sources.
In sugar the opening squirt was In sym
pathy with the unofficial quotation es-
d.
the exchange during the holiday The
opening price at l20 was the best, and
before the final rally iH sympathy with
the other strength in the market, the
stock relapsed 10 within small fraction
of TUESDAYS close. IN spite of the Gre
defIee given to the reports Of the taking
cries In the interest Of the American
company and a f1rth6t advance of. 10
points in the price of refined sugar
The failure of the Bank of England
to further reduce its Official rate of dis
count probably had something to do with
the moderate effect of the war news on
rate at 3f1 per cent, notwithstanding the
repayment during The Week of over So
000,000 loans, must be. Interpreted to re
fleet the doubts in #he minds of the gov
ernors over the peEmanence of the pres
ent ease In the money market The large
decline in government deposits helps to
explain that ease. z=In 1.-THE case of the
Bank of France, a further gain in gold is
firmatfon Of the foresight of the author
tiles in increasing their reserves, the de-
mand for credits has Increased the
amounts of bills discounted TO the extent
of over S44, ,OO9,0o0, while additional notes
have been issued to the extent of over
$50 0G0, 0G0i a doubt IS warranted therefore,
whether the demand for gold from Paris
has yet been fully satisfied.
The bond market was considerably
more active and stronger Total sales,
par value 81, ,735, goo Emitted States IS de-
clined 4 and the old IS i per. cent in. the
- STOCK QUOTATIONS. h2aea
Furnished 4 by. Charles H.. F. Smith &
Co, members Of the New FORK Stock ex-
change, Pioneer Press 1bfiidlng; who hav
change Pioneer Press building, who have
direct wires to Chicago and New York.
Closing prices are, bid; ,s-.,... -