The age-herald., 1901-06-16
FEYERISH SESSION
 IN STOCK MARKET St. Paul Was a Determining Factor in Steadying Prices. TENN. COAL STEEL. STRONG The General Market Was Influenced By St. Paul Throughout, Which
 Stock Touched the 1s1 Mark
 Against 174 of Friday.
TENN. COAL STEEL. STRONG

New York, June 15.-There was a fever ish undertone in today's stock market, but the buoyancy of St. Paul was a de- termining factor in sustaining prices and in turning the market upward after the dip occasioned by the weak bank return. Authoritative announcement regarding the developments in St. Paul continue lacking, but the belief holds in Wall street that controlling interest in that stock has been made available for the purpose Of adjustment of the Northwest Railroad dispute which is being worked out It is a matter of notoriety that when efforts were made to secure St. Paul previous to the Burlington deal the figure demanded Tor the stock by controlling interests was zoO lntimations have been given that minority stockholders will be given equal benefit on any term of scales for mutual assistance St. Paul crossed 1S1 in the date dealings, compared with 174A last night Colorado Fuel added six points to It's sensational advance. A jump of IA points in Pere Marquette and six in the hanawha and Michigan attracted atten- ton, the latter being connected with a re- ported consolidation by J. Pierpont Nor gan or Ohio soft cole properties. Tennes- sec coal was strong in sympathy with Colorado Fuel and the Readings were in demand. The general market was in- iiuenc9d by St. Paul throughout The ioap increase disclosed by the bank state ileht reflects continued demand for syn cate purposes. The decrease in cash ot million and q half is wide of the known movements of money which fndi- cated small gain. Part of the gold Mlt1draWQ from tb4a il-f -fraa day went to Holland today It is believed more may go next week to meet Berlin's requirements for semi-annual settlements on July l. There was a decline in sneeu- lative activity and some liquidation dur ing the early part of this week. caused by the showing made by last Saturdays bank statement. But interest revived again as the week progressed. although the volume of dealings did not rise to last weeks level
 Many important general conditions de- Feloped which offered ground for expect Ing large movements but the speculation seemed to be based for the most part on special considerations and was largely congested in special stocks The sub stantiaI gains in these kept the under tone or the market pretty firm and seem ed to support prices against considerable realizing which was in evidence from tlme to time. The Gould group of stocks 'S' SOiSpiCuouS during the week Belief was confident early in the week that early announcement would be made Of steps accomplished towards the ex- pected consolidation which Wall street has designated the Greater Missouri Pa cific.
 The iron and steel industries continue their even tenor with small fluctuations. and, If any, always to the good The gov ernment report for May at first created slight mixed interpretation and it's bear Ing on different regions was differental on the speculation. But the estimates by experts on the government figures showing the promise of a wheat crop equal to or in excess of that of 1898. and the reports of rains during the week in regions shown by the government re- port to be in need of them, added to the Feeling of confidence in the favorable outcome of the crop
 The propitious conditions in the United States is not immediate and indications point to the scurity of all values which nave not been unduly influenced by spec ulation on unwarranted assumptions
 There has been a good demand for rail- road bonds and some of the convertible and contingent interest issues have been active and strong.
 United States bonds closed unchanged on the call prices compared with week ago.
 New York Stock Market.
 Ry .Criua Wire 4o NE,r-L-