The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-23
CLOSED At IN ADVANCE
VERY FIRM UNDERGONE WAS APP
PARENT IN DEALINGS ON
WALL STREET
DAYS BUSINESS WAS GOOD
Sales Approximafed4a Million Shares
Death of Queen Victoria Had
No Apparent Effect on
Prices.

liz - az
NEW YORK, Jan. 22-rhe influences
in the stock market resolved themselves
today into several distinct component
parts, which operated in conflict a part
OF the time and never in clearly defined
concert. There was a palpaole effort to
open prices high. In tact, brokers in a
number of stocks admitted the receipt
of orders to make first prices as high as
possible. This is a familiar device Of
traders who have gone long of STICKS
during rise on one day to get the G. eat
est possible benefit. The relap e after
the opening in prices Of the STOCKS VIII ca
were most paipably manipulated yesteI-
Gay, disclosed the opera tons of this lass
st. Paul and Northern Pacific we G con
sp1cuously affected in this way, the for
! mer opening up ~ and 1.-The latter rising
alInest as much, and then running OFT
again to near last nights level The
same stocks came into prominence again
! late in the day, after the news had Eeen
received of Queen NiVtoria's dea h his
event has been SO definitely foreseen that
there was little reason to expect that its
actual announcement would cause any
marked depression in the market. bar
apparently there was speculative e.e-
ment which feared the possibility OF sell
ing induced by the queens ceath. After
that event was reported there was a
pause in the activity Of the market DIS
though awaiting lis effects on prices and
shortly afterwards room traders SET to
work to bid up prices again. They lift
ed st. Paul an extreme AZ over last
night, northern HdctHc 23A, and tie
grangers, Pacifics trunk lines and more
prominent stocks generally from one to
two points. The same traders were att
i've in Sugar all day, making the ex-
treme advance PA. On the other hand,
the sensational movement in Missouri
Paclflc was brought to a sudden stop
after three point jump at the opening
and the Wabash stocks also fell bacR
The extreme decline in Missouri Pacific.
was ~, and it closed al a net loss of 31A
This action of the stock natural Y caused
some lncredufity regarding tie many ru
mors af1oat yesterday OF a coming con-
slIldatlon OF the Southwestern railway
systems and of buying by a prominent
capitalist for controd' The other mem
Ders OF the Southwestern gToGp were,
however, we'll sustained and the absorb
ton of Wabash debefaure bonds contin
ued on an enormoiis stale and at prlCe
IeVei above that ofEyesterday. Missouri
Paclfic was in urgenfidemand in the loan
crowd, and commented as high as half
per cent premium was bid oil for use
by the shorts. TAis 9gaVe color to the
belfef Which was ax6Red by some of the
trdoefs that the buying of the stock had
resulted In a corner, having a very heavy
snort interest with their requirements IN
provided for. Ama4gamated copper a2ain
moved moved wildly. jumping nearly three
points at the opening and then falling
back 3%. The steel stocks were compaf.
at1Yely neglected, butIthe undertone was
weak, In spite of Wthe loss threaten ne
utterances authorized.by trade m3 gnates.
feoeral stee! fell away 23s ana other.
members of the group from / to IL, after
small opening advances. The late not
able rise was not well maintained, es-
pecially in the stocks which We're bid
up most aggressively, and the closing was
active and rather easy below the best.
The level of prices at the close was, how
ever, substantially higher than yesterday
anu anu the undertone of the market curing
the day was steady. The announce nf
OF a further gold export had little erect
on on, the market. as money continues not
ably easy Sales were less than a mil
The, Wabash debenture BIS led the bond
market in point of activity Texas &,
Paelic seconds rose on light transac-
| ions. Otherwise the market was "a tf1e r-
dull but firm. Total sales par yalIIa.
"a, G32, coo. 2'~ - fa9G 49, - .Sti>I'