The Providence news. (Providence [R.I.]) 1891-1906, 1901-05-10
FINANCIAL NEWS
BULLS AND BEARS.

Wall street. May io-The feeling in
Wall Street this morning was much
Fsdmer and norr confident, as result OF
the terms of settlement offered 10 the
shorts in Northern Pacinc and the meas
hres taken by the banks 20 insure against
n dcarth OF lQanabie funds. The re-
coveries In prices shown in the London
market for Americans also reflected re-
'urnHlg coincidence and a passing OF de-
noraiizauon. St Paul had rallied no less
man lsis on that market, Union Pacific
~, Atchison pfd. 6ss and others between
ana points The opening here was
nevertheless watched with anxiety as an
y Indication of the after results of yester-
days damaging shocks
tfc market continued somewhat ir-
regular but the tore became compara-
lively quiet and prices were for the most
part well sustained. There were some ad-
uitional declines. Northwest falling 57s,
the preferred ca and Chicago Great
Western preferred A Az There were also
sharp advances i'm New York. Chicago
ana ~. Louis "a preferred of points.
Hooking Valley ia, international Power
D. Great Northern preferred and Chica-
go TerminalTransfer preferred A.. North
ern Pacific sold as high as 200 for cash
ia spite OF the terms 20 the shorts OF $50,
Bonds were moderately active and irreg-
nlsr, yesterdays weakest bonds showing
sharp recOVerleS
Opening prices here surged all around,
Iha only exception being Southern Rail-
Was which ran or 2is. Northern Pacific
aHo sold at $50 for 800 shares compared
with 3.o last night rejecting the terms
OF the agreement with the shorts Four
thousand shares OF st. Paul sold at l55
To LAP, compared with 151 last night. Del
aware and Hudson rose giz, Burlington
> American Tobacco 6, Northwest 4 Mis-
souri Pacific Z, Amalgamated Copper 5is
and such stocks as Rock Island Southern
Railroad preferred, Erie. United States
steel preferred, Peoples Gas, Chesapeake
and Ohio, Louisville. Pennsylvania Sugar.
ST. Louis, Southwestern preferred, Wab-
ash preferred. Baltimore and Ohio, Atch-
ison common and preferred and Brooklyn
Transit from TO AZ points. Twelve thou
sand shares OF Union Pacific sold at 95
to 93h compared with 90 last night and
5000 shares OF United States Steel sold
at 80 10 q, compared with 40A last night.
There Were some dips again after the
opening and Illinois Central ran down
~ below last night.
There were some sharp setbacks after
the opening, running 10 six points In Del
aware and Hudson. FIVE in st. Paul. To-
bacco and Hooking Valley. four in Ches-
apeake and Ohio and Union Pacific, ga
in Consolidated Gas, i'm Louisville and
Nashville, I'm Rock Island, Northern
Pacihc preferred United states Steel ana
Atchson preferred. Meantime there We're
advances in General Electric OF 10. Lack
awanna So Sugar 6, Illinois Central, AKIN
sas and Texas preferred. ST. Louis,
Southwestern preferred and Metropolitan
). New York Central ii4 an dother stocks
less amounts. Northern Pacific sold as
high as $50 for cash. Prices continued TO
fluctuatc trregularly, but over lessen
ing range and were generally higher by
III o'clock on a small volume OF dealings
on the ofriciat announcement thHt all
clearing sheets have gone through the
stock exchange clearing house and that
all checks were honored