The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-15
AMERICANS A FEATURE
IN LONDON MARKET,
SPECIAL STRENGTH SHOWN
IN UNION PACIFIC.
Opening in New York Was Quite
Strong, With Union Pacific and
st. Paul the Features.
REPUBLIC SPECIAL

REPUBLIC SPECIAL.
New York. June A-The general market
IN London closed steady with Americans q
feature. after being strong all day. Special
strength was shown In Union Pacific, st.
Paul and Southern Pacific, with rumorv Of
important developments pending in the
stocks. A more confident feeling was mani
Tested. founded largely on the reduction in
the Bank Of England rate on account of the
general belief that the bank would not nave
made this move unless an easier tendency
Tor money was assured.
The opening here was quite strong with
Union Pacific and st. Paul features on a
growing belief that some important Develop
ments affecting these properties were pend
ing. Later in the day. II was announced
eemi-of1cially. that there was some basis
OF truth for these rumorA According TO
this statement. the Northern Pacific settle
mont includes matters which aim at broad
enng It's scope SO as to include some other
roads. st. Paul among them. There have
oeen conferences between Representatives
Of Union Pacific and Representatives Of 81.
Pau looking to closer relations, but matters
have not yet advanced to q stage where
the outcome can be forecasted. Crop advices
were vary favorable and had a good effect
on the granger stocks. Private advices re-
ceaved In Wall street. from q
sourcs. said the Kansas wheat crop would
cross the l.O00.V0O.O00 blu. mark.
Sentiment on Atchison has become quite
bullish- Tn Pennsylvania Railroad ia nm
derstood to have an offensive and defensive
etnance with burlington. and this being
~abrosated Atchison. 1t is claimed. will be
substituted. There will thus be formed
practically q trans-continental line with a
burg-Amertcan-
Wabash is advertising for bids On fits
new nne 70 pfttsburg. Little Of interest de-
veiopeo IN the other Gould stocks, but It is
etnl confidently expected that Denver pre-
ferred Will get dollar for dollar In Missouri
Pacinc stock The trade Is buliish on Sugar.
and there Is talk Of the possibility Of q s.
point advance in the price Of refined. In
s1ders are confident OF the success OF ANAL
gamated Copper interests In the litigation
Waged again them. and there are MANY
bulls on the stock on account OF the con-
troll which the company is likely to secure
OF tne country'e copper output Tn buy
Ing IN United States Steel looked better
than on any day recently.
In the last hour there was considerable
pront taking. resulting in declines practf-
ally all through the list, but without any
eject on sentiment. Commission houses
were generally inclined to advise purchasers
on any sharp reaction. The rather wild adj
vances in Colorado Fuel and Iron and the
sympathetic movement In Tennessee Coal
were based largely on the scarcity of these
stocks. The contest for control in Colorado
Fuel before the ~contending parties came to-
Gcther took all the floating stock out of the
street. and 1t has been firmly held since.
$4,000 to Germany. Forecasts Of the bank
statement were rather favorable. The time-
money market was quiet at 81 per cent for
sixty and ninety days. and 4 per cent for
all other dates. Call money ruled about 3
per cent