The St. Louis Republic., 1901-06-20
C0NS0LS were FIRM;
PARIS B0URSE STEADY.
STOCKS SHOWED GOOD RAL
LYING POWER AT CLOSE.
Growing Confidence in Success of
St Paul Deal Largely Respon-
sible-Call Money Easy.
REPUBILC SPECIAL

HEPUB11C SPECIAL
New York. juno 1s-American stocks IN
London were rather veal. with consider
able decline In st. Paul early on profit- TAX
Ing. due to uncertainty a. to the deal with
Union Pacific The close was fairly steady.
Consols were drm and the Paris Bourse
was steady.
Tne newspapers generally had q rood deal
to say on the Union Pacifc-St. Paul desI
mostly on the negative side This made II,
influence felt at the opening of tho local
market and initial quotations In nearly al,
cases. showed declines from Tuesday pirh,.,
closing. The decline was most notable i'm
me case OF st. Paul. although it did not
come quite down to the London level Union
Pacific opened up a fraction, and in both
STOCKS there seemed to be good buying.
Amaisamated Copper opened up on the de-
cision in the Injunction suit, ana the be-
lief that the consolidation would soon bs
effected.
There was considerable realizing. how
.ser. on the theory that the good news had
All como out. A report was circulated 10
me enect that arrangements had been
practically completed for the leasing ~
Minneapolis and ST. Louis by Illinois CentraI
on bass Of per cent guaranteed divf-
aenq tor the common. Official Information
on tne point was not forthcoming but some
eeveiopment in the not far distant future
Is Regarded as not unlikely. st. Louis and
Ssh 1h,f fTanclsco re- cisco ssockhoiders are to receive
tne company IL going In for a policy OF
considerable expansion. A larao fnterec,
u - SAID: has been secured In Mexican Cen.
uai. ana the two roads are to be linked
Inere were rather positive denialS Of
stories that Colorado fuel and Iron and
uennessee Coal would be taken over by
In these two stocks resulted. II IN sffII
claimed that there Is a possibility OF diyi-
aends at per cent rate for United States
Steel, but per cent seems more likely
Action Will be taken early in July,
Nothing new developed in regard to q
eIni SniOn ,bss bseifeSt sSs Paul deal bug insiders
early stages It is likely to result in some
thing OF Importance. There is q tendency
20, 20 believe that the haImonizing OF the
brought about by the Incorporation Of a
new company TO hold the stocks of tbe
various existing companies.
inside sentiment on the minor VanderbiIts
-Four. Is very bullish for a long pull There
Is growing tendency to believe that Atchi-
eether. not through any direct purchase
OF Atchison by Pennsylvania. but through
an increase of Mr.. Berwinds $ holdings in
the former through Investment Of the pro
Pennsylvania
Ing the stock on a scale-down and still be-
neve in higher prices.
The higher tendency for money and the
influence all day. The sharp break In the
afternoon was regarded generally as q drive
preparatory to an advance. rather than a
money.
Toward the close. there was q growing
confidence in the success Of the st. Paul
deal. and stocks generally showed good
rallying power. 1t was said that Iowa Gen.
tral would be exchanged for Minneapolis
and st. Louis stock in the proportion Of ono
gh n . 1af for fvrS, Of fho fnrvv1
before the consolidated properties were
taken over by Illinois Central.
Time money ruled at 81 per cent for %
to 80 days. and per cent for longer dates.
Money on call touched ~ per cent. but
showed an easier tendency at the close.
Treaaarx State@ent.