The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-18
Stocks Oh IH Up 29lDE
GAINS IN LONG LIST OF sEcI-R-.
tiles RANGING Up TO TEN
POINTS
MARKET WAS LESS EXCITED
Nervous Tension OF the Past Ten
Days Has Practically D..aD-
peared-RRiIrOad Situation
Thought to He Better.



Bar silver New York $1,000. 5qa 55ii,
CaIl money, New York Gee. 855-aa -.
NEW YORK, May 1.-THE fever and
nervousness was practically all gone our
oI the stock market Yesterday. There
~ pos4tIFe Interpretations of strength
"HIch was somewhat intermittent and
spotty in the early Iings bat which
grew and brCadcned with tho Drlpra,s.5
VI me Gay: and closed with a bu1yant
OCtpuISl winch 1ocalled the DAYS of Lhe-
early period of tire late boom Tine
StrepEth in the market was rrincfuall,r
pa DaSeq on general conditions, but thcrs
STOCKS influenced by Individual c.iIIsa- 4
Ire aggregate of these strengthening in
Huehces was a potent factor I'm its
broadly considered the general fecIin -
sIioI p-lceS were or safer level OvingI
70 the imitation let out Of then, v,Lif'yi
tne business condition of the country
1Lu the earning powers of the properties
were uQlnpaired eI cCLrs Red the buviuay I
Inc evidence thai forced utuidati67,
growing out OF the pauic had been COM
lIeted was thought 10 have left tha ysJo,y
open TOT renewed advance. Tho fndfS
callons for tomO, rows bank staternonh
49, VI Such a strong re cupe ration that
so.Ie pressure TO lend money seemed A.
PLopaD4lJy not FAR in the futur- If
SHoud not escape notice however thaf
me priaclpal buying o. the same cauIe.
through the same g arneIs as that which
SRecu4dllon INTO its last stages of excess.
hese operations We're supposed i'm wall
street to be inspired In the Interest -
me great combinations of capital whose
measures of consolidation have urndI,c-
ca crop OF new securities which 'rernafv,
10 De successfully marketed to insure 49,
reInlnur6ement OF the expenses Of those
CONSULTATIONS. The belief iT IN, sottIal
Inent or the NC.therE Pacific cOulrover5t,
IS felt to offer assurance of q more 81
1919 ieutrdllz2tlCn Of the whole Wes-'
b Tern rallroad territory than has ever
oeIofe necn known. The prcrofuence.
OF the stocks of rail Dads in that rcgion
Was que to this cause. There We re- very
oeHnte reports ahoat that the dividend
on Missouri Pacific at the rate of 3 nan
cent was an early probability. Ir move
incnt TO local fractions was que Ia the
inauguration of the underground trolley
On additional lines of the MetroprIIted
Street railway, estimates OF Tho benaSt4
10 result to the Ma rhattan svst,rns from.
the Use Of electricity Sugar VAS ar.
ttCleu BY reports 90 an agreement wltfE
inc conee interests and was IoaviIy'
pought for Boston speculative account
Expectation % melon cutting helOeI1
Consolidated Gas. A reported sGt,ler1entl
WIN tte CITY authorizes giving assurance
1SdIHSl interference was the cause Of
strength In Peoples Gas Tho bette,,,
prospect or q settlement with the mn
ffaIIIIa5s ana the progress Of measures
United states Steel corporation comp9n-
les indicated by the election OF now al
q. crates, INDUCED buying Of the Cuited
states steel stocks, Reports Of large del
posts OF stock in assent t. the pr6,,ossI
eAchange with Amalgamatcd Conner e.
pIaIhed the demand for that stock The,e
was tank of closer 1elations between the.
american and Continental Tobacco cnr,Ii
Panles. The Pennsylvania railroad wa.
sac 70 be peItecting its control Of thsI
Ssuhsidary coal carrying roads Slch in
olNlu4aI causes of strength might bal
CONSIDERABLY extended but CROUCH has
been said to indicate the character ~
some Of the markets strength Gains
an inc way from TO points a.e shown
py an EXTENDED list Of stocks and tbele
last prices We're practically at the ton
CWlhS to the heavy receipts from tde
interior, the banks are expected 40 show
gam IN cash H. tCmorrow's Statements
OF nearly S5,O0Q.00o after allowing for
goId export. This promise ro t-3lfzad
tne erect OF the falling due on NondaW
OF the THIRD installment on Union P3-
CO.. c BOND subscription, involving $1,000 =
The bond market was broad and nrires
were well sustained. Total sales nav
value, %455.G00. United States 3s declinod
"a per cent on the last call.
STOCKS.
Furnished by Charles II. F. Smith a
20, members Of the New York Stocis
b IXcna9 aiz Pioneer Press building who
nave direct wires TO Chicago and Nevt
0rk. closing prices are bid