The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-01

Bar silver, New York;! 49,. 6Dth GO1S
Cali money. New Yorie!. ...1A5 1al-z
NEW YORK, JAM S1.-The stock mar
ket continued largely given over to
manipulation by Speculative cliques and
operations by, professfpnals. There was a
group of stocks to- aHother and success
sive advances developer here and there
all day. Prices of the favored issues
were inclined to drop back as soon as the
manipulation was shifted from them, but
the final Outburst of activity and strength
in the Pacifcs and Southwestern lifted
many stocks to near the best again The
stocks under immediate manipulation ar
the close, were, however, about the only
ones that closed at the highest The
central figure in the: days market was
Southern Pacific. The pool which has
been absorbing this stock for some time
past apparently succeeded in clearing the
field of a large part of the waiting or
ders to sell which hung over the Stock
and accomplished tardy advance in the
prices. The dealing in the stocks was on
an enormous scale and the extreme adj
vance was 2$s. The fact that this ad-
vance carried. the stock across Atchison,
seemed to arouse the emula tfoaz of the
friends OF that stock, and they plishel it
vigorously upward an extreme 2@ rhrough
very heavy offerings, The Pacifics gen
orally sympathlzed The announcement
of the plan for the absorption of Mobile
& Ohio by the S0uthel Railway com
pany caused jump in the former stock
of SIS on comparatively light transa ctions,
the company'S capital issue is a small
one The Mobile & Ohio DEVELOPMENT set
the spectators upon search for Sc
curitieS Of minor railroad companies
Which would be in& any way available
as feeders of connections for the great
railroad systems of the country in the
operation of the policy for extension Of
interests. The roads having Morgan af-
nliations were prominent in this connec-
ton. Chicago, Indianapolis & Louisville
rose and the preferred 10 points There
were gains of from l to points in the
Chicago, Great Western, Cleveland, c.
Z. q st. Louis stocks, Iowa Central, Des
Moines G Fort Dodge, ST. Joe & Grand
Island first preferred and Wisconsin
Central. None of these gains were fully
maintained. Yesterdays strength in the
steel stocks continued at the opening
but was not maintaipGd during the day
There was more or less realizing in
evidence among st6ckSa which have had
market continued irregular all day. To-
| days subtl easury statement reflects the
payments for the. gold withdrawn. for
todays shipments and makes the loss
ton for the week tf9lS7far $2959, 600, The
movement of currehcy, from the interior
is reported lighter3Thah fast week, so
! that no such favorable bank statement
as that of last week ris expected. The
money market, however, continues so ex-
trernely easy that not much attention is
paid to the bank statement. Sterling ex-
which would yield d. profit on a shipment
| Of gold to London ,SsDeman1 sterling
was sold at IS; if it rises above that to-
morrow It is the general opinion that gold
will go to London on Saturday The
statement of the Bank of England today
shows that that institution has con-
| tInued to borrow from the market, even
while meeting demands from the market
for loans. Its failure to reduce the dis
count rate therefore indicates a purpose
to draw gold from New York to London
if possible.
Business in railroad bonds continued
large, the central of Georgia and South
I ern Pacific issues being prominent.
Total sales. par value, S. 225, 0G9 United
States IS coupon and new Is advanced
n per cent on the last call.
-4 STOCK QUOTATIONS. -
Furnished by Charles H. Il. Smith &.
Co, members of t1ies New York Stock
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
York Closing prices are bid: