The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-10

H'stue ana SO III came from every qua ter.
TENSION RELIEVED.
The importance attached to the North
ern Pacific episode was made clear b. the
e. g, rness Of all classos o learn all de-
velopmepts concerning it ami the i'm
mediate effect of any ann lur cement re.
garding it upon The STOCK marked. The
upward shoot to 81 600 a az was the
effective cause Of The. greatest dem r
Aviation in the market. The announce
ment later in the day of The measur for
the relief of th9 DRAG an the re-
lapse IN the price Of the stock to 30J
al aHed the decentralization almost imme-
dlate.y. Announcements by j. p Morgan
d Co., and Kuhn, LoeD & Co, who re-
spectively represent the two n sti e
parties In Nofthern p CT C. that tn
would net require deliveries Of the STOCK
today, me@nt Icspit O. che day at
least from ruin of the 81 orts IN the stock,
Later IN the day st eet G. Norton an
nouhced That they also would no. reui q
deliveries Ct the sock This firm, nas
peen credited WITH sctng or James p
heene and uglt 200 shares Of
Nprthcrn Pacific on N on lay last loaning
lto'e0 shares that n GIT q calling IN
ire greater part of 1t the next dav tbnSr
uiseloslng the corner in the stcc<, The
49, llat Mr' Keen s carp4ign lad
peen directed towards a squeeze of III.
shorts was som wha shaken bv +hi,
lenlency toward his victims II wis ST.
nl9cant also, that although parti IS to tha
contest for control showed thei- wi linz
ness 10 relieve the shorts bv remitt1n,
the requirement to deliver seek. thew
rance TO come to any mutual ag,eenoe n
to lend the sock such as was nronnsa1
by one party i st nj. ht.
Inc surmise seems warranted from, +h,,
uiWlllingness of either party to LEI anv
% theiI STOCK g5t out of thei hands ev-n
20 20 reneve tie shorts that there was con
elhueo doubt in the miaCs of both as RI
ie tne actual control of the prone w
lles: representa- ives Ct both rar.,c.
made emphatic Claims tcdav the %
thaI lhey mad maintaine1 the control a a
the other that they TAI secured
Inc nope CT relief fr m the condi+,,,.
pietahing on the stock exchan-e TODAY
ceItered In the os ibil ty of a Sc re-,
i an or compromise between the con
u hn-ng interests as 10 sharing tho ha,,.
nts OF the Burli- gton deal wbic% ~
pecteo to lie in the form which tbc co,a
PioHlse VIII take. Incl ientallv the cor
Ieinent or the terms en- which 40 cro-.
WIN Le allowed TO cover Is of course ~
sledt I'm 2o1tance. Clear intimations wer4
I,onVeSed today apparently on authori.v
lnat the figures at which Northern Do
cine sold today were far above an, -, a.
WI en- II Woul be though Of yact ~
from the sho is for final settIenoa1:
an me probability tonight seems to he ~.
Ieo represents abo IL the feu RI = 10,
ee demanded '1 "Al
WHAT THE DUMP MEANS. ~
statistical review of the TRANSACTIONS
IA the STOCK market today shows that
at 10" water mark of prices fortv-1ne
principal stocks had shrunk to the fro
Hnehuous figures Of $685., 1888. 407. This
the mage however, is largely offset by
me recovery or the market towards the
close Selecting some or the more nroro-
inent stock and applying to them Tho
low price, calculation gives the follow.
ing showing: Aolip"-
Alnalgamated copper, with $75. 900 O00 ot
STOCK outstanding, declined 26 points and
lie depreciation was s19,50OOO) Atchison
common con $l02, 100000. 35A points, $95 g55,-
Wv Atcnison preferred, Sill, 1889, 500 2Sss
points, $32,69S,5f6; Chesapeake e. Ohio
goo $685. GEO. IS points, $40, S96, O12: St. Pau1
$4l'l4S,0OO SlA points, $14,S51 SEQ: Rock
island $5ONO,COo, 80 points, SIG, 800 900: Del
aware d Hudson $35 C0OC00 GO points SOL
OOOOOO; Louisville & Nasty lie $50 SEQ 0;o y
26A points, $l3, 100000; Manhattan. $500,
wv 81 points, $l7,760C0); Missouri. Kansas
IeXas, 800, $4,000, % points, $121 39, 800;
missouri Pacific. $147, 507, go, 81 points STA
i2fl New York Central. S115, 900 0Oo 19N
points, 800; Southern Pacific. si97.-
SS2,l00 20 points SIS 1885, APO; Union Pacific
$6,S7S,5OO, 81 point s35, 5O2, O45: United
States Steel, $3.50 600 90 2.A points s119,-
e25, GOO; United States Steel, preferred.
$3.50 100000 20 points, $lO9, 500, COO
BANKS TO THE RESCUE.
The Tribune tomorrow will saw: After
the most disastrous period of yesterdays
crash in the stock market had passed
number of the strongest banks In the
city formed a money pool to lend the
stock market borrowers on approved COL
lateral. Late last Thursday evening 1t
was authoritatively stated that the
loans made yesterday by the associated
banks and ]. P. Morgan & Co. amount
ing In the aggregate to nearly $50 900.
will not be called today (Friday) and
that the rate of interes. will be marked
down to materially below yesterdays
| (Thursday's) ruling rate.