The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-05

Bar Silver. New York, 5..;s.... 5sM g.
Call Money, New York;. 3-31a ~
NEW YORK. June. 4.TThe upward
course OF prices received a. decided check
today. After the strong opening IN con-
tinuation of yesterdays strength the
whole market with very few exceptions
turned weak. There was a pretty gen
leadership of a few stocks, but before
the close there We're some ragged breaks
IN m prices again and the closing was de-
cfoedly irregular and unsettled with only
a Few STOCKS near the tol level The
acute weakness of Sugar was deterrr1in
ing influence in the early dealings. Yes
derday rumorS of an --=c4 ease in the
dividend on this stock We're pretty gen
orally discredited this morning, and there
was besides an explicit denial of a state
ment put out yesterday that litigation
with the companys principal competitor
had been settled. The principal selling
had been affected before the actual an
and there was some recovery later in the
cay III sympathy with the general
strength of the market. The stocks ex-
IRENE decl- ne was 65s. me fact that the
other coafers did not respond to the car
ly strength of Ontario & Western on the
report or it's purchase of the Old Deda-
ware 81 Hudson canal, in spite of reas-
surfing statements that the transaction
was with the full knowledge and opprov-
al of the Erie Railroad company was
considered rather OMNIBUS. Reports of
crop speculation usual at this period of
the year to bull wheat and to bear the
grain-carrying railroads. The effects Of
this were particularly manifest in st.
Paul and SouthweSternS. The decline in
Union Pacific reached ga and in st. Paul
23s. Reports of falling off in new orders
received in the iron trade, although actu-
al consumption is reported to be still
running close to production, awakened
"reminiscences of last years collapse in
the steel securities. There We're besides
TrOfnSSiOn9l
tors to take profits ope yesterdays rise,
London joining in the selling and revers-
ing its position of Yesterday. The iden--
tity of the sellers was the subject of
rather anxious SurmiSe. The announce
ment of the Sugar dividend relieved the
market of a disturbing element and its
recovery set in from that time. The mar
kets principal movements later turned on
the various stories of wide-re aching ad-
justments in the railroad world. Ale
cations that the Missouri Pacific was to
be accorded an influential interest in
Southern Pacific in returnifor relinquish-
ing to the Pennsylvania the Wabash and
Lake Erie properties and that Union
Pacific was to have sNoiee in Atchison
affairs were factors in the buying. Penn
sylvania rose an extreme points, South
ern Pacific AZ and the Wheeling & Lake
rose an extreme 61l Tile movement
seemed to be based on, the belief in
belated admission of the Company to
Pacific settlement. The rise in Ontario
& Western on it's canal acquisition reach
ed AS General Electric advanced Is
Des Moines & Fort Dodge rose 81; Brook
Iyn Union firsts 312, and Peoria & East
ern 8. The Fries were again heavily
bought just before the close. Last prices
were invariably below the best, the final
reaction reaching a point or over in some
of the important stocks. The money mar
ket was not an influence In the trading,
as rates continued easy in spite of
late recovery in sterling exchange to tie
gold export points.
The bond market was Irregular III SYM
pathy with stocks. Total sales, par value,
So. 285, co., United States reminding Is adj
vanced Il percent on the last call.
STOCKS.
Furnished by Charles H. F. Smith q
Co, members of the New York Stock
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
York. Closing prices are bid.