The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-17
HILL STOCKS MARKED Up
TALK OF BURLINGTON ABSORPTION
CAUSE OF-seME NEW HIGH
RECORDS
GENERAL LIST WAS WEAK
Reaction FromsFerced manipulation
and Talk Of Strike in United
States Steel Corporation
Plants Principal Cause.


Bar silver. New York .5SM So
Cali money, New York .......... SO &C
NEW YORK. April 1.-THE STOCK mar
ket gave evidence today that the specula-
ton still retains abundant vitality but
nevertheless the tone was exceedingly
feVeriSh, ard at times very nervous An
opportunity was given during the morn
ing to see the urwisdom OF the specula-
tive leaders, in having attempted to sub
stitute lot OF Low grade Industrial
stocks for the high grade railroads as
leaders of the market. The violent re-
lapSeS from yesterdays manipulated adj
Yaneas in some of these stocks caused
considerable disorder in the market DIR
ing the early trading. The decided weak
ness of the United States Steel stocks
On account of the reported threat of thu
president of the Amalgagnated association
TO participate strike, had an unsettling
effect all through the Industrial list n
was proved once again that the indus
trial stocks are influenced by such a
val iety of causes and Conditions that If
IS hopeless to induce any uniform move
ment in all of them. A number of the
high-priced lndustrials continued 10 show
strength. notably Sugar and A1nalgamat-
Cd Copper. The dealings in the latter
stock were on an enormous scale. ana
the price movement violent and erratio
After the opening bulge, realizing car
rled the price Y below last night. Later
in the day, after the publication of n
proposition for absorption of Butte Re
Boston and Boston & Montana. the stocs
was run up rs from the lowest The last
price was 1251s net gain of oniy u
The general market proved rather indif
ferent to the movement of the sDecialties
ana there was general declining ten
ueacy' , ROCK Island especially falling 81
under last night, and q large number Of
prominent railroad stocks from to
points. With the renewal of rumors that
the burlington plan of merger would GER
tafnly be published tome roW that stock
Northern Pacific and the Fries becsnae
extraordinarily shFlQyant and there was
sympathetic recovery in the general
In mar In the Kansas & Texas stocks
was another center, Of strength. In this
movement Burlington touched 1s5, a re-
ccFery from the lowest of ~ ami North
ern Pacific, selling ex-dividend of / Ter
an extreme ADVANCE of ~. The Erie
stocks rose frens2 to points. The
prices OF all Of. these stocks except Erie
9 9oSoi.o PTeierreo anade new high records
s .ouay Notwithstanding the sympathetic
reeoVeries in the general market. it will
pc seen that The days net changes are
u.s.; Is rue, OF Insignificant dimensions
me gains by the banks from the sI1I1
treasury, owing to the high level Of nen--
SION payments, %and the buying a. bonds
oy the secretary of the treasury. affoy.i
Tqada9ue est; relief to the money market.
Inc rise IN Chicago exchange To ice nre.
Inluin also reflects the turning noipf in
the interior currency movement In favor
OF New York. : : But the Significant fact
-; ~oT . HtoiSy SITUATION was the
quick response ofzthe Sterling eyeha no.
market to the easier money conditio1S
Juefe, giving grounds for the oIl+Sct1,,.o
tnan any 1ncreasesin the visible s1InnIv
Se,I 1unas4dn New York will go to fsonf5onn
Ior the purposes of the coming fssI1ta OF
eoIlsoiS. 1t Is Important to remenfer.
La LA TINS government lean;S hfcfl IS es
iimated at $256;009 000 also tnininn11I,, !.
II excess OF any lean placed s}IIcef the
french indemnify to Germany The Ion
bol money market is at present not only
ileaVliy indebted to the Bank of ENGLAND
put the amount of French and Arnsrica,,
cdpltai at interest in London is Of m
pIeceuented Volume. London s solicit ,Tf5a
overtime foreign exchanges is thus ca si1v
t tMpllea PIE me constant growth of the
lnls sconntFgs capital resources for in
svfstment& Butts it is obvious that. tha
Piacmg OF the investment is ,,1Irelv1
question of relative interest rates Tbe
1nataor qlnary fnancial operations in
progress In New York were again ,,e
fiected today in the clearing, .fesesase az
Changes, which reached the astoundinr
aggregate of $45 241, 225, Hcornt51ref1 IIl;tio
me previous record daily clearing IF
94ol, eoz SeC on one daysof last weelS Son
Setaa oI IN connection with, United States
SteeI nnances are supposed to ACCOUNT
Tor these figures -.-r@-. eou'ie
Inc bond market became irreeuIar, 10
Gay on realizing in speculation in snec-
u addneo issues. Total sales, par yaIi1a
sotzoV0V0. United States refunding two,
declined 1s, and new fours a5sta5Sca uw9 ;s
per cent on the last call. .
STOCKS.
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