The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-01
STOCKS Hold THEIR OWN
WHILE PRICES SHOW A TENDENCY
TO DRoOP, BUYERS ARE
sTILL PLENTY I'M
gIns
--TrTT
NORTHERN PAciFfCs ACTIVE
nAu rice TOT the te,,,S Common Stock
Closedf'a Point4 and Three
Quarters Higher Than
Saturday.
NORTHERN PAc1Efcs ACTIVE
ma Close. Day
Bar silver, New, YeffSl 63M 637
Call money, New YoTk....... As

Bar silver. New. 4 t5aa GIGS !sss P az
Call money New York as =
NEW YORK, Dec. sh = year closed
OF the stock exchange with the buying
power of the market swell maintaineds
days business AMI from survey Of the
net changes for the day In a number
OF important 242Ir STOCKS these are impress
was not maintained to the close and the
prices showed a tendency to slim back
during the latter part of the day, in
SPITE or the ustaiAipg force of ecitraor-'
Glhary strength in a few Stocks bur the
CLOSING day of the year and of the cal1-
fury Was. nevertheless signalized by the
highest prices for the year or for all past
spicuous of these was Pennsylvania.
which opened with an upward rush un-
der a congestion of buying orders which
called for no less than &c, 000 shares to be
Immediately purchased at the onening,
THIS carried the price up to 1857 The
price got back to the high point again
aIte" the opening rush, but did not hold,
and closed nearly a point lower St Paul
crept up peIilouSly near to Pennsyiya-
mas level selling at one time only 81
below the great trunk line stock The
absorption of Northern Pacific was very
heavy, the price rising at the opening
3as over Saturday under a competing
rush of orders to buy at the market.
Later in the day there was a rece]eflca
of strength III the Erie stocks under the
influence of the seni-annual announce
ment Of the terms of the bond issue
for financing the purchase. of the Penn
ssylyania Coal company The first pre-
fe1Ted stock was rushed up to GIL which
vas 81 over Saturday. The prices of all
tnrea of the stocks mentioned were nign
was true OF other stocks in the railroad
list, but the general movement other
wise was to a largo extent in sympathy
with the movement in this group This
4 sf1-i. SITc
tanning force for a very large amount Of
proEt-taking, as has constantly been the
case recently. After tbs manner in
on Saturday, the apprehensions of
trouble there today were not looked to
for much effect hereof But the unexpect-
old serve as q flip the market, and
London buying here was a factor of
strength, although there was sufficient
selling for that account in other stocks
to leave tho buying on balance only
small. The strength of the sterling ex-
change market i'll face of London buying
here was very significant. Commercial
blllS OIL exchange against both cotton
and grain are reported rather scarce,
and it is probable there is some demand
for exchange for remittance of annual
Obligations to London. But the special
demand for sterling Is probably to be
explained by the lending of New YORK
money in London. The exigencies of
the London marl1e andis the abundance.
extraordinary demand point to suen a
process. The year closed with q per
cent call loan rate only momentariiy
maintained. It ran OFF, afterwards to 5
Fer cent and lower. This was partly
due to the fact that many loans last
Friday We're made to carry over until
Wednesday.
There was some dinlinution in the buy
ing of bonds and the prices declined in
some portions of the list, while advance.
ing in others. Total sales par value,
The notable LAPSE in the prices of
government bonds is a significant re-
nanded by the lproGRSsl of refunding
Tito the new two's is no longer payable.
by the government the refunding ops
rations cceasing today.
United States Old four's declined 2%,
threes ~, threeS coupon IL; : 10. regular,
IL; two.s, Is. and new four's u per cent
on the last call. i24A ttitf'
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith &
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
York. Closing prices are bid: