The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-15

| Bar silver, New York SO ell% ei.
Can money New YORK "a
NEW YORK, Feb .At-There was a
marked relaxation tdday of theenra 90 q
to sell stocks VIII CHI CARRIED prices down
T TstEX ssteTSSay and prices showed some
| until the, market had been further test
ca ny the bears, causing eeneraI declines
below Yesterdays level. In consequence
r rnG net s changes zee OF the day are, as
advanced prices before the opening hers
but turned seller after perceivfng the
or1ft OF sentiment in New York, and sold
a lew thousand shares On balance There
was no manifest cause for the recovery,
although q. few usIIa IlNzobscure stocks
showed aggressive strength, but the fact
was very evident that the urgent pres
sure of speculative liquidation was re-
4axed- The bears. who sold yesterday
covered their contracts in consequence
RMS probably accounted in great mart
Tor the show of firmnesS in the market
fhe bears have received too, many,oose-
we're lessons in the last few months not
TO have becone. rather -timid sespeaiaHy
IN the race Of the possibilities constant
ly limited at Of further important finan-
cal developments, IN yesterdays de-
cline4 much. WAS made, of the fact that
stocks generally Included among the in
terests 9f,0the ,pFQminept ffnancier who
the, recent consultations were uniformly
weak, and this was alleged to be due
to the coming departure. af. this finaneier
on his annual vacation trip to Europe
AS though in reply to these considera-
tons the stocks thus involved were all
supported today, Including Federal Steel
the Fries, the Readings, Northern Pa
cif1c and National LTnhe-~-The sharp re-
eovery in the steel stocks served as an
admo tonic uthose who have, ecounted
upon break in the group. The an
neuncement of the terms of the steel
merger is believed to be imminent, but
the ,wFloIe@speculatiye gwerld. is profound
ly puzzled as to what THE terms will be
and the exact period when they will be
ing oXer. the marketsztbere= was -hesita-
ton and more or less acathv in the
trading There was .n9Gsiga OF re9ASF@ :
ton of the heavy buying by banking in
terests which has so often been in--eEi-
dence previous to thee recent consolida-
tons. Pere .Marquettel rose 65k.. St Louis
and San francisco Fra ~ and the second
preferred B and a, number of minor
stocks, Considerable amount, on per-
sistent rumors Of consolidation. Lacka-
wanna. rose an extreme 3b, aud Delaware
& Hudson AZ over last night. General
Electric was uconsriouGtIsI for. an4extrame
advance of Is points over last night, with
a reaction Of, 81. LQc { traction! stocks,
strong att times ANDY North American
lifted above st. None of these gains was
fully held, and the tone of the market
volume of dealings very materially cur
tailed A number of newly listedIlse7
curities We're dealt in for the first time,
including the stocks of the American
Agricultural Chemical company the
CrucibIes Steel company. and the Toledo,
ST Louis & Western Railroad company,
the qu9tations of each 6ein& advanced ICED
continue Of a harder money MARKET the
subtreasury today taking $4,000 from
the market on routine operations IN
spite of heavy disbursements for pen
sions.. Sterling: exchange was lower in
spite of tie continued heavy demand
for money in Lofidon.r There was less
buying in railroad bonds and prices con
tfnued to move frregqlaTly. Total. sales
par value. $4.645, e00..' Ilp'"-.l.5 '-,'z.st.
United States new IS and 6s advanced
"a per, cent each on the last call. rs.
STOCK QUOTATIONS.
Furnished by Charles H. F: Smith &
members of the New York stock
Exchange, Pioneer Press building, VINO
have direct wires to Chicago and New.
York. Closing prices are bid: