The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-13
WAS STRONG lind ACTIVE
BUoYANCY THE FEATURE OF YES
TERDAY'S WALL STREET
TRADING
MANY STOCKS MARKED UP
Days Business Heavy, and the Deal
fngs Included Securities That
Are Usually Neglected by
the Spectators.

NEW YORK, Dec. 12-Activity in a
number of usually dormant securities
was taken by traders today to demon
strate increased interest in the stock
market on the part of the outside public
Gains in these properties were more ex-
tensfVe than in the usual market leaders
and extended to four. points in some
cases. Generally speaking, the market
during the forenoon. displayed great an
imauon and strength with speculative
interest radiating from, one group of
stocks to another. Factors which con-
tT1buted to the days rise, included traffic
statements for the first week in De-
cember, embracing all sections of the
country country and an. showing substantial in
rates have not exceeded per cent. and
that today the highest figure made vas
51s per cent, which tapered off to 4
per cent before the close, rendered snec-
ulators uneasy. With the absorption bv
the sub treasury on internal revenue
COLLECTIONS and transfers to the interior
The banks thus far this week have lost
SSz90,OOO Rates for sterling exchange
! continued to yield, sixty day bills de-
Ginning 21s cents. 1t is understood that
the question Of imports of gold is being
on the basis of allowing interest est con On
the money while in transit With This
Feiief apparently in sight should con
oltlons become stringent in the money
ana forced considerable COVERING of short
INES The market for Americans abroad
was was described as buoyant, and the ar
bitrage houses bought about 81. 000 share
on balance for London. This demand
was primarily responsible for the weak
ness IN sterling exchange rates as Of
IeTlngs OF commercial acceptances were
only moderate. At the outset 1f h11siness
the coal stocks were the princinaI fea =
ufeS, and generally got well above Ia.Tt
T1gnt close on an enormous demand
al a4ese puylng properties later on show
g 9 the effect of heavy reaIfzations
deaVy buying developed in the slow
! 44tLochs, owing TO encouraging reports of
! one trade outlook. Tin plate made the
| extreme rise of 278, but steel and wire
was the. most active and good second
with gain of PIP Satisfaction over
the me annual n report published by the Brook
dn ~ 11apl9 transit company promoted a
al the fractions temporarily There was
very heaVy buying at intervals in the
SSrahgeTs, Pacif1cs and some of the
south Western stocks. with Burlington,
Kansas q Texas preferred and Louis
vine especially prominent. During the
c ealaa afternoon ter the foreign buying had
haustion and prices wee Inclined to
yield. Not much impression. however
was made on prices when the traders
s pot51e9 w5 Snd there nnt vas few strong
pretty well in check. JJnilsllaI7y- I5,oes
dealings in the Lake Erie & Western
STOCKS STOCKS caused rise of 4 and So points
respectively for the common and pre-
Ierred and New York, Chicago e ST.
LOUIS hrst preferred jumped points
TO lO6 An increase. of u per cent to
per cent in the semi-annuai dividend on
the Minneapolis & ST Louis common
STOCKS resulted in a rise of 216 in its
price. In the final hour raid wsc
mace on Tennessee coal and the stock
broke AZ per cent on a -runOr that the
directors were in session and had nassau
the quarterly dividend on the sfocE
rms movement unsettled the entire mar.
ket and prices fell away rapidly. ayerso
ing point for the most prom irrz5qTt- raj
roads and extending to 21b in fhe snan
laItles, tin plate being most effecte1
When it became known that the roTort
OF dividend action on Tennessee coal
was unfounded, the stock rallied . points
and all other stocks recovered some
what, speculation leaving off strong agafn
and active.
Business on bonds was very heavy and
notable strength was displayed by kan
Sas d Texas issues. Reading is got I'D
TO 93A early, but lost practically the rise
IN sympathy with the decline in the
stock; Realizing sales depressed the
ERIE issues all day. the general is clos
ing point off. The market otherWis
was un1nterestng and irregular Total
sales, par value, So, 070,0 O0 United States
reminding rs registered, advanced u and
new As a per cent on the last call
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith 6,
Co., members of the New York Stock
exchange, Pioneer Press building who
have direct wires to Chicago and Rev
YORK. Closing prices are bid: