The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-11

Monday. Saturday.
Call money, New York 21a-311 49,.
NEW YORK June 10-There was
some LIQUIDATION in the stock market
To-Day 20 ,. as was fores5adoWed by the drop
statement appeared The bear PARTY
which sold stocks at that time, continued
! their efforts to get prices lower today
and to extend their profits A number
OF developments helped them in their
purpose but after the pressure Of the
selling had been relaxed and the sup
porterS of stocks began to bid up prices
again, the bears took alarm and began
to-day to cover their Short lines caus-
ing very general recoveTies of losses
and in a few stocks quite notable net
gains AS long as trading was going on
III the London stock market the feeling
of depression continued London was
quite large seller in this market. and
there was feeling Of some uneasiness
lest the gloomy tone there foreshadowed
some unfayorable development This
weeks London stock exchange settle
ment is somewhat dreaded although as
Surance is given that the shorts in
Northern. Pacific are fully prepared to
meet the decision today of the stock
exchange committee for general pur-
poses in ending the moratorium
granted to the Northern Pacific shorts
after the corner developed in the stock
The persistent heavinesS of consols in
face of the growing ease of money in
London gives rise to some dread of a
secret development in diplomacy or
internal government policy. The
heavy denanus disclosed by the
bank statement on banking re-
sources here caused uneasiness as
it was not known how much further
! they might proceed. Payments for the
S69,O00OG0 worth of new PENNSYLVANIA
stock are required between June 1 and
June Is. so that the needs on that ac-
come. The easy rate for money today
caused a more cheerful feeling however
and encouraged the hope that the re-
Quirements for large corporate transac-
lions have been mostly satisfied for the
present. This was a potent factor in
! the latter rally of the market when the
adjournment of the London stock mar
ket had relaxed the pressure here The
! mystery attaching to the purchase and
consolidation Of some Of the independ-
ent steel companies was made much Of
by the bears. They circulated rumorE
th9t breach in the steel trade was
imminent between the two Financial
groups who figured inGthe Northern Ps-
! c1fic quarrel The steel stocks lost -,
/ and 11S respectively for the common and
preferred during the period Of weak
| ness, but rallied to a fraction over Sat
urday. The bears were also inclined to
discount their suppoSitiOn that the gov
until an hour after the closing Of the
/ stock market, would disclose a decided
/ deterioration in the condition of cereal
crops. Some sharp gains that had been
/ established in the Southwestern groups
were wiped out by the pressure to sell,
stocks in that groun declining in sym
pathy with the general list Rock ISL
and fell as much as 411-for the best,
ST. Paul and Missouri Pacific 324 The
leading indUstrials- showed rather acute
derresSion Sugar falling nearly 4, Anal
gamated Copper 314 and American To-
bacco, Peoples Gas and the New York
public utilities from 1a4 to 2% The late
rally left the net changes significant
in only a few stocks. Missouri Pacific
rose strongly to 800 in the late dealings.
which was 212 points over Saturday The
Southwestern stocks generally, Southern
Pacific, AtchisOn and Union Pacific.
made notably good recoveries- and Penn
sylvania lifted a point over Saturday.
The closing nevertheless was slightly
irregular. the market yielding again in
spots. American Linseed rose S1@ and
the preferred on the buying of only
a few hundred shares.
The bond market was moderately &C.
tive and showed some irreguIarity, but
was in the main firm. Total sales, par
value. 81, 420G00
United States bonds were all I'M
changed On the last call.
STOCK QUOTATIONS.
Furnished by Charles Fl. F. Smith e
Co., members of the New York Stock
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
York. Closing prices are bid:
Closing