The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-24

Call money, New York4..1A -2% 2O5%
-TTeaig
NEW YORK, JAM .223!-The fnarl,ot
demonstrated quite eenrgusiveiy its pro-
1e ss1onal character today 1t was His
InctlYeiy a traders market. The trad
ing was done by powerful SPECTATORS
Win ample resources, the transactinns
were On a very large scale, and the nrica.
movement was much wider than in an
ofdinary room traders market, but the
method OF operations and the net results
were much the same A scrutiny of the,
ret changes for the day will show t1af
exc. e2Gep PIT IN a few stocks they are small
ana pretty We'll mixed between gains md
losses. Yet at one time the Who'll, list
was at level we'll over yesterdays final
prices. The realizing movement in the
i as 4hou u was s6fficient to wipe out al
most all Of the earlier advances. and
only the final slight rally saved the LIST
from larger showing of net losses Than
Is actually the case. Buying by rooF.l
shorts to cover was largely responsible
Tor the fnad rally. The concentrated
nature of the buying and the identity of
the brokers by Whom it was tioI1-, e.s-
Fec1aliy in the stocks which We're picked
cut Tor the greatest show OF strength
would warrant the conviction that spt,I.,
ulatlEe leadership was in the hands Of a
cpterle which made demonstrative
change from the bear to the bull side of
days trading The selling during the
last hour was also of q very concentrated
character, but was by different brokers
from those VINO executed the early buying
orders. The deduction that large specu.
lative proflt-talSing was being made is
weakness of Missouri Pacific, which Tell
at one time Sc points below yesterdays
nigh level, left little room for credence
in the rumors of big Southwestern rail-
road consolidation, and gave color to the
report that large short interest in the
stock had settled by private agreetil1l;t
There was distinct shifting of specu-
lative interest from the railroads to fine
W.
realizing in the railroadoh list under cover
of the new strengthLi IN tsthe industrials
that caused the break in the market.
Brooklyn Transit, PA n Baltimore &
Ohio, 2% in Peoples Gas, and others
nearly as substantial, were completely
cline from the highest reached. 344 Ii y
Paul. 32s in Brooklyn Transit 21$ in Del
aware & HUDSON, 2A IN Baltimore IL
ONO and Manhattan, sz3d from l to 2
The steel stocks reacted from the best in
sympathy, but hardeneJ again in the late
dealings, the leaders aLffsthg to the best
at the close On heavy absorption. Federal
rose an extreme 81. while the annual
meeting was in session. and the prefer
II! the group gained FROM / to points
There was no news TO account for the
rise, but the fact that the disturbances
which threaten the steel trade miYht lie
troll the resources in that trade at pres
ent naturally makes them available for
speculative manipulation. The volume
OF the gold exports for tomorrow's
steamer, which rose to 3,950,00O had a
rather chilling effect on the late specu-
lation, in spite of the continued large
flow of money to this center. The gains
by the banks on sub-treasury operafjqn
alone thus far this week are only about
$3.50, 600 below the figures of the gold cx-
port. Money continued very easy in all
departments of the market
With the. exception of, tile reaction IN
Wabash bonds the market for bonds vas
generally firm. Total sales, par value,
$4.Soe,000. United States IS advanced Il
per cent on the last ea1l.,9 .sg-,9s-.-f.,-.
STOCK QUOTATIONS.
Furnished by Charles n. 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: