The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-07
LESS ACTIVITY IN STOCKS
SPECULATION IN VAIL STREET ON
A HUGH SMALLER SCALE THAN
ON WEDNESDAY
RANGE OF PRICES Low
Short Interest Pretty Well Shaken
Out, and Denial of ConsoIida-
ton Stories Were Prime
Causes.
closing.
We6nasd.

Closing.
Thursday. w ednesday
Bar silver, New York 595a $685.
Call money, New York ....3 S-31b
NEW YORK, June 6.--There was a de-
cided subsistence of speculative activity
in stocks today with 4 resulting impress
sion on prices. Losses were quite large
in some of the principal active stocks
which have been recent faVorites in the
speculation. 1t developed from the SMALL
er volume of the dealings and the lack
of support for prices that Yesterdays
operations had resulted in the eIimira-
ton of a large short interest and that
the demand from this source to cover
short contracts had been taken advant-
age of by the bull contingent to realize
profits on heavy long lines of stocks This
mutual closing up of accounts had a de-
clded effect on the speculative annette
There We're rumors current all day that
the covering by the bears Yesterday had
been active at considerable cost and more
or less uneasiness was caused by this
TACT. The emphatic denials from official
sources of a number of rumors which
nave played part in the recent bull
movement, especially those bearing on
consultations and abSorptions of MANY
OF the minor railroad systems. was a
somewhat depressing factor An in
nuence in the same direction was the dis
claimer on the part of the parties inter
ested Of the assumption that the entrance
70 the Atch1Son directory Of a member
OF the firm of j. 2. Morgan &, Co was
an indication of Morgan holdings of the
c cc1on WIN view OF establishment of
III STOCKS give no adequate idea OF tho
extent of the days price ranges There
was a considerable show of Strength Of
the opening, partly due to the Influence
OF London on account of the red1c+jon
IN the Bank of England rate and also
on account of operations by coteria
81 americans now in London. The re-
auction IN the bank rate is accented &c
thorough assurance over the fuf11re Of
the foreign money markets as Tondop
mas large future needs to meet and owes
n an sums IN Paris. which it is import
ant TO Keep in the iIondon market NV
the payment of an attractive rate Of in
terest- The selling pressure. however
ardde an END Of the advances before the
or Rock Island was "a, Somewhat i,n So
tHlS influence, owing to fears that q
corner may develop in that stock IT.
l99ue Vi $loOUo,CD new stock yesterday
I f az a Surp- Use to the street There
Eas been an enormous accunnIa+io, 20
ne STOCK recently aud the olltstandin1
SNORT interest is known to be large The
The e olon Ia me Stockton sympathy with
the general market did not serve en+iraI
~ reaSsure sentiment There were a -,
polhtS or positive strength which -
ti ygr' nae Iad only slghtzinauence in offset
The vario,,ss e +nhau1 eact!Qnary tendency.
pLoIIiinent and advanced on tho ;nror
Ioratlon OF the new company in NJ,
1,I,,.oS' "I!icn Is believed to he for Az
purpose Of taking over and conobt,,; Tue
az tne present companies. Amerinon rs
ca :, z the preferred 5ss. and 4p,e,;
earl onuI ~, Louisville G. Nasbvi1ia ,II. =
corSIstentIy strong on the ground of ts
o1mparatlVely low price and Iarea a. LIS
a 81 ana rose 49, Missouri Pacifc e9 It'll
oiie ll1ne rs. believed to belon1 a11 80
IL IL progress ipsthe greater MssolTi Dun
mo PioJects. In the drop after the an 1lc,-
. us, the grangers. Pacifcs Soiit - UpelL-
1rns and New Public TTtiIit;es LILY titWest
fapSed severely St Paul losing the Tr r
972 and others in the aro,,I1 f, .os,
20 20 POINTS. Declines of ~. dtotl
rEba. Ialrly general inethe activap o iist
afrsi,t was gooda31lyssbut prices ra, - -
o5s,ae4 AZ the weak, closing almost t i 4 Itt
loWest In some. cases t--sio't TO the
~, mere We're sonnet late rallies 8, AZ
nor no market which redeemed # FRI, me me
a. FLY easy tone, rnaking the cban on S ne
80 no d6o irregular. Total sales -ar LOT
u onIted States refunding 90 ad,.o
"a "a FER t cent and the new As IL ne,. an o1
STOCKS.
cd Furnished by Charles Fl E,ur,,.,
~, members of the New YorIo ii' et e
bsIa Pioneer Press bujldincr oC IS
Vol, u G, wires to Chicago and N Wno
n closing prices are bid, -se"