The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-29
ST. PAUL HAD THE FLOOR
* = ~
DEALINGS I'm THAT STOCK Elk
CEEDED A QUARTER of A
MILLION SHARES
MARKET VERY ia. IRREGULAR
Wide Fluctuations Spp and Down
Were Numerous, but ait the Close
the Net Changes Recorded
Were Small.
Bar silver. New 10ft,4..... cl s2ss Day g.
Call money. New York .1s4-2 Il!

NEW. YORK, Jan. 28.-The huge pro-
portion of the dealiifgsl Or st. Paul made
II the dominant fact9r!iR teday'S market
It's influence was married. on a very few
stocks nearly affiliated Cwith it. and the
general list showed a dragging tendency
both on the upward and downward
course. = The violent and erratic move
ments In st. Paul kept the market con-
fused and unsettled for the greater part
of the day. There Were consi6era BILE
gains established during the early deal
1ngs and later in the DAY. prices fell con.
siderably below Saturdays level, but the
net changes are for the most part small
and some gains are mixed with the pre-
ponderant losses. st. Paul was at ore
time nearly points above Saturday, and
at another time, over points below. and
closed the day with a net loss of IL on
sales of 1000 shares. The intermediate
movements were excessively erratic and
the trading. in the stocks was the much
heavier volume of transactions on the
advance than on the decline. Very heavy
offerings had to be. taken, the price run
nlng OIL point from the opening under
the crushing weight of the offerings and
very heavy blocks being taken at each
stage of. fthe advance. When the price
mad touched 1888, the buying demand re-
eelved an abrupt check, and was not at
any time afterwards equal to that of the
hfst hour, although there were consider
ahle reN1Vals of demand from time to
time. On the down grade from $685. to
1925, the offerings did not appear to be
OF overwhelming number, but there was
not sufficient demand to absorb them
The tipsters this morning put out state
ments in great detail of the completed
plan for the transfer of ST. Paul stock
in exchange for bonds of the Great
Northern and Northern Pacific Tt was
further announced that the plan would
be officially published today. ZIP to the
close Of business, the promised plan had
not been" published and this was all the
NE. s.. of tn, the day bearing on the. stock
The st. Paul movement was supplement-
ed by q strong rise i'll Kansas & Texas
preferred and in. Manhattan. The first
lrregularity of the market was caused
by weakness in the stee3 group, in which
The session of the directors of the Amer
lean Steel and Wirea eempany focused
the attention of specu@4tors in the group
no no decision was anps24nnced on the divi-
but the stock. after selling down to 3S2i
had a spasmodic ra4ly-to Al in the final
dealings. The other fseeel stocks, which
had weakened in sympathy, notably Fed
eral Steel, did not Rave time to respond
before the close There.-w a sudden
stiffening of Southerrt tPacifc in the final
dealings also, but the SsGlosing generally
reaction in the martet seemed to be
confined to technical grounds the spec
ulators who boughts v largely on Sat
urday on the strong bank statement,
selling to realize, and finding very little
demand to absorb their offerings Lon
don was az small seller on balances
through the usual channels, but the fur
Their advance in sterling exchange made
1t evident that the homeward movement
of securities continued very heavy The
atmosphere of the London Stock ex-
change was reported to be serene and
recent apprehensions regarding this
weeks mining settlement seemed to be
allayed. Business in railroad bonds cor
ttQued large and prices advanced in the
early dealings. but yielded In sympathy
with stocks. Total salesg par value, SO, S76-,
600. United States bonds were ali nm
changed on the last call
I"s.~s~ STOCK; QUOTATIONS.
Furnished byaCbaFles H. a. Smith &
Co., members OF the New York STOCK
EAchanSe, Pioneer 5kFess- building, VINO
nave dIrect wires to Chicago and, New
York. Closing prices a re hid: