Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-01-04
Bulls Get Control of the Stock Ex-
change Again.
Big. INTERESTS BOUGHT HEAVILY
st. Paul Led Movement With Ten
Point Rise.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, January 4-Today's stock
market was quite as surprising as was
that of yesterday and decidedly its opposite
in most every particular London sent over
lower range of prices. the declines in the
active shares extending to liz per cent
Out-of-town selling orders had accumulated
over night. and lower prices seemed to be
assured. The real intention OF the banking
interests had been forced by yesterdays
liquidation. however. and aggressive meas
ures were devised to stay the decline Ac-
cordingly, the days record shows that first
prices We're about the lowest, and that
some substantial gains were recorded as a
net result of an active session
me stock which led the recovery and
turned the market again into familiar chan
hels was st. Paul The advance in this
STOCK from the low level Of the morning to
the highest point of the day exceeded 10
points. Rumors that Northern Pacific and
Great Northern We're to lease the St Paul
property. guarantee g. or possibly Z per
cent dividends, and issue scrip payment
10 present holders. served to force a sudden
change in speculative sentime-.
Inc details of the transaction lack con-
III mation and suggest the necessity of care
Iui dealing with present owners of St Paul
securities, but 1t is evident that the origi-
majors OF the plan find encoura cement I'm
.he prospect. The very natural result of
inns plan for gigantic system west and
northwest OF Chicago is to suggest a posi-
DC provision for an eastern link to the
Atlantlc seaboard. In looking for a likely
property to serve in this capacity bankers
agree that recent developments point nm
m-stakably toward Erie
The latter property is quick TO respond I,
any changes in the fortunes of those pre-
Vlously named, and shows daily signs Of a
sympathetic connection. 1t may happep
that the perfecting of details on the western
scheme may hold the eastern plan back for
a while, but the end is reasonably certain
OF the trading, selling up to record prices
under splendid inside demand This
property, 1t is thought, is preparing to
finance Its share of interest In the com
munity OF ownership project by an in
creased stock issue. following which some
interesting details are likely
The coal stocks were unusually str,np
during the late trading under big buying
demand. In which commission houses were
prominent. The entire market gained m
breadth during the late dealings aud fer
eign houses reported the recent or assur
ances that London selling was over for the
present
or course the market Is but little better
Today than yesterday, SO far as intrinsic
merit goes, but it had the advantage OF
millionaire buying today, as contrasted
with forced liquidation of weak accounts
Yesterday. Details and themes are useless
In a market in which the financial giants
are pledged to higher prices There will
De reactions because of overriding but the
weak days will cause no alarm eXcept in
circles lacking margins.
Inc known movement of money this week
INDICATES a gain of $7,600.UOO to the local
banks. the major portion Of it from inte-
rior points