The Saint Paul globe., 1901-08-24
DAY IN WALL STREET
MARKET MORE ACTIVE THAN RE
GENTLY, But TRADING WAS
PROFESSIONAL
PRICES SHOW AN ADVANCE
Union Pacific 2 rs Above Thurs
days CIOse-Tennessee Coal Up
3 I-4-United States Steel
Quotations Steady.

Fri. Thurs.
Call money, New York. 2H@2k 2a2%
Bar silver, New York., eS4S 5Yss
| NEW YORK, Aug. 23.-The wall street
district had more appearance of anima-
ton today than for long time. The
prolonged and persistent resistance of the
market to any factors of depression and
the continued scarcity of stocks Offering
Notwithstanding the very eonsfdera BILE
rise in the level of the prices during me
last two weeks, apparently prompted the
professional traders today as tno11Rb nv
common Impulse. to inaugurate a move
ment to put prices up. There was no in
dication thSt the general public was tax
ing any part in the movement Tne com
mission houses continue to complain of
lack of BUSINESS, but the professional
operators at work made play with a
freer hand than has been the rule re-
Gently There were no large individual
transactions, but the nun. Der of l5U0
share lots WdS very conspicuous and was
well distributed throughout the room
The dominant speculation was in the
Pacifics and Southwesterns, Union Pa
ciflc leading the railroad list in point of
strength and activity with an extreme
rise OF 2ss. The So-called Gould stocks
were AL active and strong, including the
Denver q Rio Grande stocks ana the
Colorado < Southern stocks, the latter
apparently on supposition that develop
ments are impending looking TO its alb
sorption into the Gould system The
carrying
affected by the decided weakness in the
corn market, indicating the recuperation
in the corn crop. The continued heavy
foreign demand for wheat, coupled with
the reported GOOD condition of that crop.
was also an element. AmaIgamated cop
per was in very large demand notwith-
standing the deniais of reports that fur
ther absorption of copper interests was
intended. The extreme rise IN Amalga-
mated Copper was 27a. There was gos-
sip of coming rights in Baltimore &; Ohio
to subscribe to new stock to be issued
in connection with the pending reorgan-
iZation of PittSburS & Western The
minor steel stocks We're strong, Tennessee
Coal rising 3A. The United States steel
stocks Were opened a fraction higher
and We're held almost immoVable all day,
the extreme ftuctuation il each being 4
There were strong points among the MI
nor railroads and SpecialtieS and the
coalerS continued to show strength The
preliminary estimates of the weeks cash
ctaEgeS We're apparently relied on as
foreShadoWinG Il strong bank statement
tomorrow. On the ordinary exIE-esS
movement to the interior the banks
seem to have gained upwards of mil
lion dollars, and although the earlier
gains from the subtreasury have been
wiped out, the loss to that institution
is only $4,000 The suhtreasury figures
include the receipts to the banks on ac-
count of AL Stralian and Klondike gold
and also the deposits of currency for
telegraphic transfer to the interior. These
figures do not seem to promise a very
strong bank return. and it is expected
that special remittances 10 Philadelphia
on account of the subscription to
municipal bond issue and payments for
the purchase of the Bethlehem Steel COM
pany are not included Today there
was a further decline in New York ex-
change at Chicago to soc discount, and an
additional $500,000 was deposited at the
subtreasury for transfer to Chicago
The railroad bond market shared
in the greater activity and strength of
the stock market, but speculative bonds
were most conspicuous. Total sales, par
value $25S5, 900.
United States bonds were all unchanged
on the last call.
STOCK QUOTATIONS