The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-12-14

IRENE advances for today in the COM
panY stocks were for the common OF rs;
for the first preferred, ass and on the
second preferred, SIS. Tho4authorltatYe an
nouncement that contract Of sale mad
been signed between the PennSy lVanl4
Coal company and "a syndicate headed
by the central power in the anthracite
trade was the cause OF the buoyancy.
The bid for PennyslYania coal IS rapldly
advanced without bringing any stock eX-
cept an occasional odd Lot at wide 1ater-
walls and lot of 100 shares was sold at
735 and another at 740.1 Last night the
stock was 610 bid, and CTS asked. The
market for this -stock; mas -6een purely
nominal and it sold at 4501s last month,
which was the highest price of the year.
Notwithstanding the notable effect OF this
operation on the Erie stocks, and etforts
made by spectators to emphasize the
general benefit to result to the anthracite
industry as a whole, the effect WAS very
small, eVell5 on THE other anthracite
stocks which were none of them more
in the Southwestern railways on buying
seemingly in the interest Of the bull
pool. The effect was most noticeable in
the Wabash securities, otherwise selling
was general throughout the list and those
stocks. which have persisted in their up
ward movement this week, were as a lie,
the weakneSte This was notably true of
the steel group,szfn swhichf the declines
ran up to two pointSyT or over. Sugar
and the New York public utilities sell
from about points to "a in ConSoiida ted
Gas. A number of prominent stocks both
the railroad and Industrial list fell from
l to ~. The absorption of special stocks
earlier in the week by powerful financial
interests has encouragedfthe hope among,
speculative operators that some relief
was to be Forthcoming from the threat
ened Stringency in the~naoneys supply. AT
enc time it centered Interpretation that
the treasury department would buYa sew
eral millions of bonds for the sinking
fund. The inconsistency was 3ofnted out
of bidding for government bonds by tie
treasury at the same time that they are
Inviting conVersing into the refunding
rs, which is to continue until Dec. 81.
Another hope was that the rise in tie
money rate would bring gold from Lon
don, but the f1rmer tendency: Of exchange
late yesterday, and more emphatica'ly
this morning. has brought the specula-
tive contingent face to face with the
certainty of a very weak bank statement
on Saturday. Already gthe subtraasury
has taken out ever& Sd, 6e0, 900 from the
money market. compared with surplus
reserve last Saturday of only S., 701, 125.
ON Monday next the checks in payment
of the Sta 1dard Oil dividend will pass
disbursement of S10,O00.0OO The prepar-
alton for this disbursement is likely to
make additional inroaus on available
credits and so Increase! reserve require
ments. ~ g.. az
The bonds of the 3Fsria company and
some of the SouthwesteTn railroads were
III demand today. Otherwise he bond
market was reactiOnary. Total sales, par
value, 4,78,006 United States refunding
advanced q and oidj4s..5A and IS u Per
STOCK QUOTATIONS.
4 FINISHED by Charles III. F. Smith &
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
YORK. CEos1ng- prices are bid: