Evening star., 1901-06-06
Stocks We're Dull and Standard
Shares Neglected.
BUYING OF WISCONSIN CENTRAL
St. Paul Corner Has Now Reached
Danger Point.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, June 6.-Today's stock
market was inclined to react slightly under
decreased volume of business in which
the professional element figured censpic-
uously. London sent over very little bus
mess. the reduction in the Bank OF Eng
lands minimum rate OF discount having
been too generally expected to be made a
factor The reduction in the rate Is
hopeful sign nevertheless. and adds to the
general fund of encouraging Developments
The trading ran into the specialties for
the most part, while the standard shafes
were neglected Ontario and Western was
especially strong on the rumor that the
foreign holdings had been bought by local
houses presumably in the interest of New
YORK Central. Several large blocks have
peen sought at private sale and something
seems to be in progress. The coal stocks
are looked upon almost certain leaders
a. ai'eF IN ar- Morgans s return. recent activity
IN Erie being credited to interests who
nave mad advance notice of such intention.
Wisconsin Central was again strong. both
.ne common and preferred stocks being
taken IN round amounts. Rumors of buy
ing for control were numerous but vague
Great Northern was said to have expressed
desire for ownership at one time but IL
Is not certain that the property is needed
now tnat the Burlington transaction has
taken place.
At the meeting of Southern Pacific d.
rectors there was nothing but routine busi-
ness transacted. the subject of dividend
not being considered.
Amalgamated copper was cratic as the
result OF the conflicting rumors relative to
the success OF the plan to absorb rival con-
Germs Late In the day the chances seemed
to favor the carrying out of the original
scheme.
Louisville and Nashville was strong I'm
the face OF dull and uninteresting mar
ket In the general list, and an attempt was
made to revive the stories of consoIida-
ton. Nothing definite could be had on this
point. but the buying was rather confident
by interests supposed to be close to the
management.
The Rock Island corner is not believed to
have run into dangerous limits. The pro-
posed issue of new stocks to present stoek-
holders is regarded as sufficient explana-
tion for the advance. 1t is safe to say
that the speculative element which has
bought into this property will not be per-
mitted to overthrow the stability of the
main situation by trying to duplicate, even
in a small way, the evils OF the Northern
Pacific episode
Tobacco stocks were not pressed to the
front quite so much as usual and some
tendency to realize was noticeable. The
new concern is progressing satisfactorily
and may be made the basis for a movement
later on. Denver issues are, strong in spite
of the denial of the Missouri Pacific story
but there was less snap to the inquiry after
the repudiation of that interesting rumor
Pennsylvania railroad was We'll bought
and would have undoubtedly been made a
feature had the general market been more
active. Dizziness was more pronounced dur
ing the final hour and all the business Of
that period was confined to the room ele-
ment. Incentive to new business is lack
ing.