The St. Louis Republic., 1900-12-29
New York Market GOssiu.

tn" following synopsis of the gossip in re-
r'arket was received by u, H. Francis. Bro
New York. Dec. 2s-London business was rc-
stricted today 10y Interruptions To- cable service
my cne cable working. and on that on. message
being half an hour late. As IL was arbitrase
hrokers were disposed to buy. and took some
of tn" sar.e stocks here
Efehets active in the speculative stocks ro-
sab, causing declines I'm the early trading hut
mIS'!' u houses. and this. with heavy buying OF
a,'v,dein,dspaying 81, stocks by inyestmen, houses.
i''tntlN ruling quotations was exhausted early
N the day. Many large buying orders appeared
Il" market = and the Irregular execution cause.
,,Ns'."me hieh prices recorded in several stocks
Tor IN day and for the year
IA the l,St hour tn. realizing sales in many
,i"cks had material effect in depressing prices.
@ ,gSt ct tins selling Was settling up II accounts
Tor pools. which II had been arranged To close
tfat it was In anticipation Of just this lialli.ia
ti"h th1f prevented the governors of the .x-
chanfe fro agreeing to close the exchange on
sugar was weak early in the day on selling
" ;=a:n on heavy Iiaui,iaiion. on the exchange.
~ weakness of the stock was attributed To de-
the ArIuckies. and the buying later on MAS MAS
s,n2r2sed TO be on knowledse of or belief that
me sett!ement had been reached
ID; 4 ~. advanced on buying by many Of the
same brokers that Were active ones in the buying
stock exchange Spectators as an indication that
H. ,hsre w viii be some change n the relations Of
active huyers Of ID. & II. to-day.
St Paul was bought by Moore & Schlcy.
Strong. Sturgis G Co. and Houseman & Co. in
large hlc cks. and the first time in a long period
the '.ice OF this stock crossed the price of G..
H. q. \ large Iart of the buying was
fer J, II: fiill or his associates. There good
outside bus ing At the same time the positive
statement that the stock will be put a i
per cent basis at the next dividend meeting.
The most important news Il the day was tn"
un'icrwriting ut the new issue of si,000,o0a On
M.tron1litan street Eaiway stock at 1sa. by a
syndicate beaded by Kuhn. Loeb Co. Tins
Is the sam" price at which the stock is offered
io holders Of record. The privileges to subscribe
for tine stock are quoted at about Iss.
The most Of the tuying of Pennsylvania was
by local interests. ii. Content & 90. taking
a.H9e Talbot J. Taylor & 60. 5.oc9 and Halle q
Stieglitz S,0n The sudden movement Was un-
aerstOoI to be in connection with some de
velopm'nts in regard to the property. but no
Information in regard TO this could be obtained
4 ON the buyers 4. :. * W. advanced suddenly
bq buying OF Bull & CO. and brokers connected
with that firm. The movement brought in many
outside buying orders anu attracted renewed
change in the management at the annual meet
ing ON February y, and 10 support dividend
prospects on the common stock, which may be
acted next week.
London caules were follows:
London. l:i5 = m.-The market for Americans
although of the changes reach d fun
figure. Denver common is up =. Reading com
mon up !. and st. Paul and Northern Pacih,
up J., compared with New York closing
figures yesterday. in other issues, including
Union Pacific. prices show declines OF isesi=
London. $50 p m.-The market for Americans
IS