The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-02-02

what extent, if any, the. public figured
in today's movements remains conjectu-
raj. Reports of combinations of various
properties continued to be heard there
by increasing interest in the minor rail-
roads, which assumed cOnSide. able promi-
nence in the days dealings Later in the
day a report was current that the Union
Pacific had secure control OF the South
ern Pacific railroad. No official contirma-
ton could be had of this statement, but
the fact that the market for Union Pa
cific boiled for a time, the stock rising
AZ points on transactions of %, 800 shares
was sufficient in itself, according to the
views of the traders to stamp the report
as being authoritative. 1t was admitted
that a leading interest In Southern Pa
cific had sold out to a syndicate, pre-
sumably representing Union. Pacific. This
announcement coming on top of the
varied reports about impending dividends,
extraordinary earnings, trade combina-
tiCnS and SO on, which were rife early in
the day, threw the market into excite
ment and blocks Of, from / 600 to 3 900
shares changed hands With as little
hesitation as if they were fractional lots.
The Improvement in prices, which grad
ually gained strength, was assisted by
Foreign houses bought early, but sub
Foreign houses bougth early, but sub
sequently Inloaded about 100000 shares
of Southern Pacific. That stock strength
ened somewhat after the London selling
the only issue which did not have a bull
following. During the general selling to-
ward the close it sagged to 1914 compared
with 1914 the opening figure. A factor
which was instrumental in advancing the
market today was the lack Of any gold
engagements for tomorrow's steamers to
Europe. The market for sterling eX-
change was called easier this week, de-
mand bills selling at $487%. Later they
hardened to S48S and long bills advanced
to 81. S4as, at which they closed. The fore
cast of tomorroWS bank statement in
dicates gain in cash of $1,500, 00O eX-
elusive of the probable addition to this
figure by government disbursements for
interests, the subtreasury today having
a debit balance of $1,346,940 at the clear
ing house on this account The gold ex-
ports this week of s., ,000 were entirely
offset by the movement of money from
the interior, the net gain of this account
being So, 533, 600. Recurring to the stock
market, conspicuous features at various
times were Kansas & Texas preferred,
Tennessee Coal, Atchison and Louisville,
the latter being strengthened by it's ex-
celient December earnings. Profit-taking
became quite general in the late deal
ings and material inroads were made on
stocks. On the other hand there were
points of renewed strength and the mar
ket closed very animated and irregular
Important advances were made in many
prominent bonds today and exceptional
gains were made CT six and half and
seven points respectively in Peoria &
Eastern incomes of Central Georgia first
incomes. The absorption of 4 per cent
bonds was enormous, causing activity
in Iron Mountain As, Wisconsin Central
IS, San Antoni and Southern Pacific As.
The aggregate transactions footed up the
exceptional figure of 1925 900.
United States IS coupon declined Il per
cent on the last call. as
STOCK QUOTATIONS.
Furnished by Charles H. f. Smith &
Co., members of the New York Stock
Exchange, Pioneer Press. building, who
have direct wires to Chicago and New
York. Closing prices are bid