The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-09-27

Cali Money, New Yorktszs.......s-4 2A-1
NEW YORK, Sept. 26kFrhe tone of TO-
days stock market showed growing inn
proyement over that of YESTERDAY. There
Vas considerable evidence Of realizing
still, which persisted after the opening
dip ana showed tendency to recur from
time to time, but support was forthcom-
ing on every decline, and before the day
ended the bears were generally disposed
TO cover their short lines, causing prac-
tlCaily a complete recovery of all losses
Not few stocks. showed decided net
gains, including Amalgamated Copper,
Anaconda, the Vanderbilts, PENNSYLVANIA,
Baltimore & Ohio, st. PAUL. Chiea GO
Gas. The opening losses were due To-
the demoralizing effect upon copper min
ing shares in the foreign markets on the
bfeaks,in' Amalgamated? Rio, .Tintos. were
off, oVers3 points in Paris when the stock
market opened here, and the copper mar
keith London had made further slump
London poured out stocks freely upon
the New York market I'm liquidation.
making the opening ACTIVE and weak 1t
became evident very quickly that sup
port was to, be accorded to ANA igafnateI;
Copper and Anaconda. Only 700 shares
of the form Ar and geo = Of the .lattef sold
at "A below last nights closing. All sub
seqUent transactions were at or above
last nights level Both stocks fiuctuated
frequently during the day. but the large
short interest showed itself nervous over
the rally after so extensive a decline
and with all the bad news SO far as
known. already published. The active
demand from the shorts caused Amalga-
mated Copper to recover more than yes
terdays loss, and the stock closed only
Is below the best. Anaconda is 316 high
er for the day. The relief to sentiment
afforded by the recovery in Amalganated
overshadowed all other considerations
The severe liquidation in some of the
railroad stocks, which was feature yes
teretay. was not in evidence, and the fears
feltfo unfavorable Developments in the
companies not yet known to the public
were relieved The Selling was explained
as being due to liquidation by bull pools
and suggestions were heard of internal
diSsensiens between the members of the
pools to account for the liquidation. The
very favorable reports Of the. iron trade
outlook, including the rise in the price
OF pig iron and assertions that large
orders for steel rails iyg0uld go over to
next year was accepted as a cheering
indication The announcement of, the ar
rival in Sam Franchises 2of a consignment
of $2,5000o0 in Australian gold, taken In
connection with yesterdays report of a
shipment of "a like tan1oHnt from Sydney
and the large receipts of Klondike gold
in the last few days, served as a reassur-
ance to those who felt uneasiness over
the future money .oiat look; f. eE wit f1dTaW-
al from the Bank of England of more
than 900, 900 for Germany was taken to
indicate the ability Of that institution to
respond to- demands. HponJ it in the sHent
OIstsnXs real, Sti1IlgencX IN the New York
money market The movement of prices
had the usual effect of color{ng' tile views
of the days events to conform to the
new directions of5epriees, The market
closed quiet and steady at about the best.
The principal weak, spots in the bond
market were in speculative issues These
rallied with stocks, and others were firm
throughout. Total gales. FAR value, &, 0sa,-
GOO United States bonds We're album
changed on the last CALL a5 s,e ~
~ Csc sSrfc1CK s $3.50 saS