The Saint Paul globe., 1901-04-11
STOCKS Hold. THEIR OWN
"a
RESOURCES OF RHLL MANIPULATE
oRs I'm NEW YoRK ARE APPAR-
ENTITY UNLIMITED
CHANGERS WERE MARKED UP
Persfstent Rettersstioif of darlington
Deal Story saAd4I Prices of
NOrthwesterRf fsaiIroads
KitiRE.

ECGlsx Close. Day.
Bar silver New York, .-G.... 591a So
Call money, New York;. 4A-l 31b-5
NEW YORK, April 16-The speculation
for the advance was renewed in force
today, and the market resumed much the
same appearance as 1t has during the
excited speculation of last week. London
helped 20 this result by some rather en-
phatic evidences in the international
stocks before the opening here which
were perhaps incident to the fortnightly
settlement now In Progress on the London
stock exchange. The market opened here
in a fairly buoyant condition, the con-
geSted buying causing running sales of
several thousand share blocks in the num-
ber of stocks at the opening at the ad-
vance of from one to four points.
This materially higher level of prices at
tract1d some large selling to realize anl
the toae became rather nervous fora while
as shown in the wide and frequent fiuctu-
ationS in some of the prominent stocks
But the speculative leaders seemed to be
again Well supplied with resources, and
they supported the market with great
confidence and manipulated prices with
boldness. The sudden and violent ad-
Vances were well calculated to fascin-
ate the multitude of outside spectators
who were very evidently waiting to come
into the market on any definite signs of
further advance. Mondays reaction
and subsequent recovery served to con-
vince many persons that no lower prices
were to be expected for. the present, and
that further advance might be reasonably
looked for. 1t was demonstrated in fact
that the public is still willing and eager
to buy stocks Notwithstanding the high
level of price, SO long as prices continue
to go up. Large speculative pools, there
fore, find it worth while to support
prices and to advance the market, even
in fact of heavy offerings owing to the
large outside demand attracted by the ad-
vance in prices. The appearance of new
lenders in the money market, including
some of the speculat6rs. Interested in the
rise, has served to again defer the exhaus-
for call loans ran tpRtaboVe Mondays
level to Z per cent today, under the re-
quirement of the active speculation and
of some large financial operations, IN
installment on subscriptions to the Union
Pacific collateral bond ISSUE The
slightly hrmer tone of sterling exchange
this morning while themoney rate was
the rate would lift sterling back to gold
export point. Money was no higher in
London today, but payment must be made
tomorrow there of an s$lS, coo 900 INSTALL
ment on the exchequer bond issue. and
Friday is the payday for the stock eX-
change settlement. Some renewed press
ufe for gold on New York, is therefore,
to be expected. Meantime the subtreasury
continues to absorb cash. and New York
exchange at Chicago today fell to SOC
discount, marking the continued de-
mand of the interior on New York for
money. The advance in the call loan
rate helped to preeipitate a lively realiz-
Ing movement during the last hour which
cut into prices all around and made the
closing easy. The Burlington deal and
:. talk of g. consolidation of copper inter-
ests with the smelling interests looking
TO control Of the gold silver and copper
product were the leading influences in the
days speculation so far as it was due TO
any specific influence at all. Burlington
rose an extreme 6Az, to "a new record
within small fraction of par. The
Whole Granger groupsaWas affected by
sympathy, and North Western preferred
made notable advance of Is points
Whlle st. Paul and Omaha rose points.
large dealings and Anaconda 4H Texas
q Pacific was largely bought at an ad-
vance of 21a on talk of an exchange of
two shares of the stock for one of the
ta 4lsseurl Pacific. AS an outgrowth of
these movements, the, Southwesterns
grangers and Fries We're all strong and
active. Special features of strength were
consolidated Gas, which rose 71b. Brook
Iyn Union Gas, 4: General Electric. 6;
MN Ml11 reaction Of 5; Tobacco, 3A, ex-divt-
oeno; Pullman, 3s4, and Chicago Terminal
TTransfer, preferred, AS Evansville &
Terre Haute jumped Z points. ALLOWING
for " per cent dividend.
Ihe bond market was moderately ao-
e. I'VE 7sE ana dno higher TotalAsales par value,
:, United States refundiHg Is advanced
1s ana the old As registered and the new
As y per cent on the last. call.
STOCK QUOTATIONS.
~ Furnished by Charles H f. Smith e.
49,, ~; members OF the New York Stock
boTa bb.Nenange. d9g Pioneer Press building, who
HaHe ulrect wires to Chicago and Nav
acfk. Closing prices aref bid:
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