The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-03

the standard stocks, devoted their ener-
gies in this direction causing the special
ties to occupy secondary position in the
market This change of front was in
measure due also to the fact that some
of the industrials which had sustained
a substantial rise showed evidences of
good realizing. Recognition of the en-
couraging general situation and indiffer-
ence of the local market to foreign COM
plications was the primary cause of the
revival of outside interest Important
movements appeared to be under way by
substantial interests, as today's strength
developed in first one group Of railroad
stocks and then another, until the list
showed gains running from l to 81
points.
In connection with the enormous buying
of the Baltimore & Ohio stocks, a state
ment that the management had sold SS,-
100000 per cent bonds of the road and
$2,50O,000 of that of subsidiary line to
provide improvements accounted for their
buoyant rise. AS the tendency of prices
became pronounced, arbitrage houses
took advantage of the level to unload,
but their offerings of 10 900 shares present
ed no effectual check to the current. Long
standing short lines in some of the mid
die grade railroads were covered, and
blocks of 1000 to 1900 shares figured plen-
tifully throughout the list
Interest was diffused into a great va
riety of stocks, and at times some of
the usually neglected ones We'd with the
recognized leaders in point of animation.
Early operations indicated that powerful
interests We're engaged in the metal
stocks, as prices Of the minor securities
followed a jump of points in Tennessee
Coal to 104 This stock suffered acutely
from realization as the day progressed
and ended with a gain of but 3&. Prices
of kindred properties were better sustain
ed, but all relapsed from the best fig
ures. Fluctuations in Third Avenue con-
tinued to be of a sensational nature, an
early rise to 1O1 being followed by a
break to 81 on liquidation by interests
disturbed by the measures projected to
finance the company's Indebtedness.
A rally to 993s occurred in sympathy
with the pronounced rise of the general
market In the late dealings. Other local
utilities lacked feature aside from the
gas securities which, however, did not
fully retain a substantial rise. Western
railroad stocks gave the first indication
of strength, and although interest In
these waned somewhat as the other
groups became prominent they never
theless held their extreme rise. Among
the high-priced industrials, American To-
bacco, Peoples Gas and Sugar achieved
a commencing lead occasionally, but end
ed with narrow net changes Predictions
as to the character of tomorrows bank
statement were uniformly favorable, but
the advance statistics show that the gain
in cash from the receipts from the in
terror and subtreasury opera tons was
placed at $2,S71,11S as compared with
net gain in the previous week of Sc, 4S9, It's.
A reflection of the stock markets
strength was observed in the bond opera
tons, where the absorption was ve,y
heavy of the low and middle grade is
sues The market was broad and active,
transactions aggregating par value of
81, $780, 900. United States new As and 5s
advanced Il and the Is declined u in the
bid price.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith &
Co., members of the New York Stock ex-
change. Pioneer Press building. who have
direct wires to Chicago and New York.
Closing prices are bid: