The age-herald., 1901-06-15
STOCK TRADING
 WAS ONE-SIDED Union Pacific and St. Paul Ab- sorbed the Greater Attention HEAVY REALIZING ALL DAY Rumors Continue That Colorado Fuel and the Tennessee coalers Will
 Be Taken In By the United
 States Steel Corporation.
HEAVY REALIZING ALL DAY

New York. June 14.-An overwhelming proportion of the days dealings was in Union Pacific and St. Paul and the scrut- iny of the days transactions will reveal that the strength in the market was lagely confined to the same stocks. The Influence of this strength on the general list was considerable during the early part Of the day, but 1t steadily waned. There were some other isolated upward movements, but these also had little effect upon the general list. But while prices in general refused to respond in sympa- thy with the points of strength they were not conspcuously affected by the heavy realizing that went on all day under cover of the strength in the two market leadL CTS. In fact, it was not until Union Pa cific itself relapsed in the last half hour of trading that selling made any notable impression on prices. At that time there were sharp breaks all around, which car ried the average level of prices below last night and the subsequent rallies Were insignificant, the market closing heavy under renewed selling. All of the professional elements in the market seemed to join in tn speculative move ment in St. Paul and Union Pacific. Au- thentic official statements regarding the many rumors prevalent of closer rela- tions between these properties were con- spicuously lacking, but they found prece- dence as the tape, according to the meth cd of corroboration accepted by specula- tors. gave proof of the rumors
 The specific assertion that Union Pa- cific had acquired 250,00O shares of St. Paul from long standing insiders were afn hxr while Union Pacific interests refused confirmation. Whatever may be the origin of the report or the nature of the buying of the two stocks, 1t is very clear that they were made use of to cover large speculative profit-taking in other parts of the list the extreme rise in St. Paul reached 615, and in Union Pacific 1A. Colorado Fuel made another sensational advance of Il points, with relapse of 3h, and Tennessee Coal rose IA appar- entity in sympathy. Rumors continue that thes. companies are to be taken in by the United States Steel Corporation. Today's rumor made the term of exchange with Colorado Fuel 100 shares each of United States common and preferred for every 100 shares of Colorado Fuel.
 The movement in glucose was based on assertions that the absorption of national starch was near at hand. The rise In the Readings had no other explanation than buying for Philadelphia's account and in New Yorw Central 1t was said that the execution of a buying order for several thousand shares, apparently for investment account, found the supply of stock very scarce. The advance of 23-S In Peoples Gas was unexplained The stosk fell sharply In the reaction, but saved a net gain of a point. Analgamat- ed Copper was feverish, rallying sharply on the refusal of an injunction against the purchase of other companies. but go- ing off on the further announcement or a stay pending an appeal to higher court Mexican Central, Mexican National and Louisville and Nashville showed compara- tive firmness although they were affect ed by the late reaction. The jump in the cail loan rate to 41s per cent. late in the day and the expectation of $5o0,000 in gold for shipment to Germany, which, how ever, subsequently, appeared, is not to go tomorrow, were influences in the selling movement and carried suggestions of some dlsagreeable surprise in tomorrow's bank statement as that in last Saturdays statement. Syndicate operations incident to the steel company transactions in Phil adelphia, the continuance of payments on subscriptions to Pennsylvania new stock and preparations for next weeks Standard Oil dividend paymen. may each or all have made encroachments on banking re- serves.
 The usual preliminary figures of the weeks cash changes. furnished by the banks themselves, indicate an insignifi- cant net result. The low money rate in London, the high sterling rate in Paris and the stiffening of the local money rate combined to cause difficulty in finding an explanation of the gold shipments at this time.
 United States bonds 3's registered, de- elined If per cent on the last call. The bond market was irregular in sympathy with stocks. Total sales par value, $6,- 240, 900.