The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-11
Stocks IRE LESS ACTIVE
sENSATI0NAEaaEE WE'RE
LACKING fk1Aa'IGRDAY AMONG
WALL STREET TRADERS
PRICE REcEss1oNs GENERAL
Bulls Tried to LfVen Things a Little.
but There Ale No Sustained
Advances to Re-
119aiSS6rd.
Close. Day
Bsr silver, New Y ork. ....... e3N 6sh
Cali money, Newft8ork. ..... .24-51R g.

Bsr silver New Y ork 1890. 63% 63s
Cali money, New York. 49,. .2R-o14 S-4
NEW YORK, Jan. 10IThere was de-
cided further falling off OF activity of
trading in stocks today, and prices fell
very generally throughout the list. There
were abortive efforts to continue the adj
vance today at the opening and at off
ferent times during the day, but the
market did not at any time. show any
DECIDED strength. The most that the
bulls We're able to achieve was to check
the reaCtionary tendency, The pressure
to sell was much relaxed during the lat
cover from the shorts lifted the level
of prices considerably above the lowest
The squirt in Louisville just at the close
on the increase in the dividend helped
the market somewhat, although there
was no general response. The closing as
in fact decidedly unsettled and irregular
The first movement of the bulls was in
the Southwesterns and some Of the
specialties, including Texas Pacific. Tn
ion e Pacific Southern Pacific. Delaware
Union. The last named stock was only
one of a group which showed sustained
strength, with an extreme advance of
marked up at one time to 81, but fell
back below IS. in the sharpest reaction
of the day: Still later there was a move
rted Continental and American Tobacco
up 3 points, Tennessee Coal ~ and Cen
eral Electric 8H. But the general dis-
position to realize profits and the rather
aggressive mood of the bears frustra ted
all the attempts to advance the market
The rather violent break in st. Paul Of
43s points at the opening had decidedly
disturbing effect on speculative seuti-
ment, and some. of the other stocks which
have been the subject of the most per
slstent stories of Inclusion In vast ne%w
conSolldat tons were also quite acuteIy af-
Iected: The reported discla liners by the
Hnanc1eTs concerned of many of the sto-
ries which Xe.circulated regarding
these com Dina tt0nSye have been generally
disregarded heretofore by the speculative
element, but semathing like conviction
was borne Ia upon them today, and while
the belief was unaffected that something
very important has been going in St
Paul and in othpr Tailr cad quarters, the
SPECTATOR aWoke to the realization that
the elaborate details published from time
TO Tune were based on very himsy evil
oehce and that they did not know much
ABOUT the actual transactions The ex-
IRENE decline in st: Paul was 81, and it
| reached from l to points in practically
every important stock on the list. Thu
Eries, the Readings, the Changers, Penn
SWAN syIvanla and the Pacifics were most af-
IecteQ. Rubber preferred broke AZ points
iTressed Steel AZ, and the preferred g.
The bears were tinid, however, about
pressing. their advantage This element
Is SO eager 70 discount the expected re-
SGtlon that they keep the market we'll
nlled with short accounts, and upon any
considerable REACTION they begin to buy
SG17VI ~ 70 cover Inc existence of per-
Slsteht short interest is a material figure
IN the RESISTING power of the market. 1t
R Es its part itt4effectiug the rally from
d. OPP in prices and the disiodging of f he
weaker speculative accounts there was
a.. decided falling oft in the pressure 81
I ne ton. which added much to the
ttmldit y Of the bears The rally extend
ed to52la hin in St. Paul in Eria first pre-
IIefred, "a In. Delaware & Hudson. and
per OF stocks. The marked feature of the
trading after the. heavy selling ceased
was was the duilness and the sluggish move
Prices of bonds moved irregularly. In
sympathy h .o With dth stocks Total sales, par
vanced "a in thes4ast cali. Z 'o-
STOCK QUOTATIONS
Furnished by Charles H r Smith e.
20 20. members ofsethe New York Stock
bb, a8a me-, Pioneer Press building, who
4ork. Closing prices are bid: