The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-12
STOCKS IRE LESS ACTIVE
SOME PROFESSIONAL MANEPULA-
TION OFF USUALLY NEGLECTED.
SECURITIES
PRICE MOVEMENT IRREGULAR
Larger Part ofs the Dealings I'm
Standard RaiIsEaS stocks Was
at Priced Reduced From
Saturdays Level.

Call money. New York ....e1H 6lH
NEW York. Feb 1l:s-There was a very
notable decline in the cYoIume of dealings
III the stock market today and the most
active stocks were those under pressure
with the exception of Union Pacific.
rising scale. The market. was again
characterized by the wide movement in
a very large number of uninportant
stocks which are seldom prominent in
not appear In the record of transa ctions
for weeks at a time. In this class some
of these recently brought forward into
prominence continued active at further
advances, while others net profit-talsinr
and again turned back. Among those
newly active Were Dec Moines &. Fort
Dodge, which rose S1e; Pere Marquette,
2N; Wisconsin Central: ~; do preferred,
91l; Mexican Central, Is Mobile & Ohio
lhs. Chicago & Eastern Illinois was con-
spteuous fer a violent rise of 6A. the
preferred stock rising 4 and raiIying
Evansville & Terre Haute "a after a de.
cline of a point. Stocks In this class
We're only prominent however. relatively
speaking, by contrast with their usual
01,bscurfty. The movement in the general
list was extremely confused all day and
the greater part of the days business in
STANDARD railroad stocks was done below
Saturdays level. London sent lower
prices Tor the internationals to start
with, and there was some very heavy
selling of AtelliSop. ami at one time also
of Union Pacific. A very strong rally in
the latter stool and an advance In
Atchis0n TO 81 brought the market gen
orally to the best Cf the day. TTfon
Pacific was lifted 2 points over Si.tur-
day anc the preferred rs. PENNSYLVANIA
was the only other active trading stock
among the standard railroads that rose
as much as a point over Saturday. and
in fact no railroad stocks of Importance
fell as much as pofnE below Saturday
al any time. thus indicating the general
sluggishness of the market. The spec
1alties did better, Sugar rising at one
time points and Peoples Gas 2ak. the
latter on the good financial showing
made in the annual, reDdrt o>>t,ie M1ii
Western Union was advanced 1as on
dealings attributed to "a pool The: steel
stocks shared in the sluggishness of the
general market and only the preferred
stock OF any companies sold as mucn
as {. point above Saturday There yera
as q rule, however, firmly held. SoecuIa-
ton having accepted tile reported merger
as a fact now waits1op an authoritative
announcement of the financial terms of
the deal for a further Judgment of its
dement's. The speculative enthusiasm
over the advantages. CT the proposed
Geal has come 10 be, Somewhat tempered
with the conviction that the steel trade
would be much verse off failing the deal
than it has been. A rather disagreeaMe
impression to spectators on the steel
deal was created by ,tnday's slump in the
smelling. stoe Fs. Offering an example of
the possibility Of obstacles to great CON
soEdatior plans, even when far advance
ed toward completion. and of the de-
19oraliZing effect on prices of hitch in
the plan. Smelling common fell in ex-
IRENE 5% under very heavy offerings and
the preferred T. The rallies were titful
and feverish, the comon stock closing
with net loss of AZ. The money MAJ
ket condition disclosed by Saturdays
bank statement bad a depressing in
fuence which was aggravated by the
suftreaSlry large suhstraction from the
market on account of Saturdays Central
Pac1Hc payment to start the week with
The hardening of the London market
again turned exchange in all the great
eenters,- including New York, in favor
or London. The failure of the Imperial
Eank OF Germany totTsduee the discount
rate was obviously due to the fear that
London would draw gold, and the Ber-
lin adv1ces sent to- the Associated Press
report that London exchange there is in
demand or American account indi aates
that geld may go from New York again
Gil the triangular operation
Inc bond market continued active, but
there We're some important reactions on
Lroflt-taking. Total sales, par value IS,
75G. 0GQ. ~ w.
United States IS and new As advanced
II PEI cent on the last call.
STOCK QUOTATIONS.
Furnished by Charles H. f. Smith g.
Co, members of the New York Stock
Exchange, Pioneer ITess building, who
nave direct wires to Chicago ana New
York, Closing prices are hid