The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-28
QUIET N WALL STREET
ABSENCE OF PUBLIC AS INVESTORS
OR sPECULAToIsS MAKES TRAD
ING VERY DULL
TOBACCO sTocKssMARKED UP
RumOred Forthcoming ConsoIfda-
ton Of American and Continental
Companies Cause of Sub
stantiaI Net Gains.

Closing
.1g1 Monday Saturday
Call Money, New York; sd -.
NEW YORK, May 25.-Todays bust
hess in the stock market was the small
est for any of the dull days s.nce the
presidential election. There was nothing
in the market to indicate any outside
interest, either speculative or invest
ment. The bond market shared in the
dullness.- In the general run of stocks
professional traders made futile attempts
to force a movement of prices, but in
covering their contracts the movement
WIS under again There was q slight
hardening of prices early in sympathy
with the movement IN Tobacco and the
period of pretty general weakness. The
TACT that there was a general harden
ing before the close showed clearly that
this weakness was largely due to sell
ing by the bears RecoVerieS were not
complete in the general list and net
losses are the rule in stocks that were
traded IN. Those losses represent the
graVitating tendency of the market frcm
Examination, as there was active
liquidation going on, such as was evi-
dent from time to time last week and
which found its natural reflection in the
large liquidation of loans shown by the
Saturday bank statement. The move
ment IN the Tobacco stocks was the only
thing worthy of special notice in the
day S trading. 1t was unexplained except
rumors of a consolidation of all the To-
hacco interests. The movement came to
halt and suffered some reaction on first
announcement of the supreme court on
The Porto Rico case, owing to the con-
fusion and doubt as to the scope and
bearing of the decision Continental To-
bacco, however, held Stubbornly and rose
to the highest in the late dealing, clos
ing at the top 51s points over Satur-
day. American Tobacco's net gain was
~ The weakness OF Sugar was per-
haps the effect of the decision, although
the trouble with the. importers of refined
sugar has affected the stock Laclkawan-
ma moved UP conspicuously points after
an opening reaction on light transact
lions and without explanation. There
was, besides, a gain in Twin City Rapid
Transit Of As. North, nAmerican 4. La
clede Gas 3. Minneapolis q ST. Louis 2.
Standard Rope & Irvine 12s and t. s.
Leather l. AmalgaInated Copper was un-
der some pressure, and fell at one time
"a. Late in the day there were two
transactions of 1G0 shares each in North
ern Pacific at lS0, compared with 200
on Saturday. The failure to relax the
close holding of thiss stock en- the pant
Of any of the int ereatSl concerned keens
alive apprehension rese getting the North
ern Pacific situation THE foreign mar
ketS were all cloSed-today ON account
of Whitsuntide holidays The money
market showed an increasing ease, and
1t is the general expectation that further
gold Will go out to fErance this week
There was a small business in bonds
with an irregular movement of prices
Total. sales par. value ST. 200, 00l. y. u IS
bonds We're all unchanged on the last
cali'Il9Ds ~ sooog .tf so ~ h'd ~
STOCKS.
Furnished by Charles H F. Smith e.
Cos aembeFs of the New York Stock
Exchange, Pioneer Press building. who
e~~ti+reet-~wires to Chicago and New
fVper IL