The Saint Paul globe., 1901-02-16

Bar silver, New York;. ..4&.. 81 60A
Call money, New YORK Yc4rljss .1A-2 2-L%
NEW YORK, Feb. 15stA4sPrices in stocks
made good recovery in the latter mart
OF today's trading undie4r;sSthe undie41r; aggressive
leadership, of Burlingtqfi, New York
Central and DelaWares&- Hudson. AS q
result the majority of stocks show NET
gains, but the most of these are small
During the greater part of the day the
market was distinctly feaetionary and
drifted. downward whenever any con
siderable offerings came upon the mar
ket. The spots of strength here and
there among the more obscure stocks did
not sustain prices in the general list
London's buying of Americans served
only as temporary prop, although the
opening advances extended to about Il
point in several of the international
stocks. A further violent break in the
smelling stocks, which carried the com
mon down "a and the preferred g was
the first development to seriously =. nm
defmlne the market. The metal stocks
We're all affected in sympathy and the
losses in the steel stocks ran I'D to
points New York Central was one of
the early points of strength and Della
ware q Hudson was also firm through
out, but the market did not respond TO
this until supplemented by the late
movement in the grangers. The ABSORB
ton of burlington very heavy, and
1t was carried up by rapid stages 51z
points from the lowest, establishing a
net gain of "A. There was no news to
SApldIu the squirt III CH1S stock, but it
was supposed to be concerned with de-
VelopmentS looking to a tranScontinentaI
outlet for Burlington. The grangers i'm
proved about points, or better in SYM
pathy. There were strong recoVeries in
Brooklyn Transit and Sugar, which
however left them only small net gains
owing to their early weakness. The gen
eral list was at one time point or more
below last nights level for the prin-
clpal active stocks. The late rally was
not by any means universal, but many
prominent stocks were lifted. from their
early depression. NeM~Xork Central's
rise of "a and DelawRFeia& Hudson's Of
10 points apparently ,Rsll some connec-
tton, although what it was v as net dis
closed. Among the notable moV en-, :;
of usually obscure STOCKS may be men
toned a rise of 10 points in American
Express, IL in Evansf1leI& Terre Taute.
for the preferred, for the new North
American stock and 2R4 flor the old,
for Texas and Pacific land trust, for
General Electric, with "a reaction of 91s,
313 for Wheeling. & lake Erie second
preferred and for Pullman and Minne-
apo1s & St. Louis, the94aTter reacting- 2.
Apparently the suspenseet of the con
tlnued negotiations over the great steel
merger and uneaSinesSt toTer the money
outlook were the influential factors in
fepreSslng speculative activity. A decline
in the call money rate to IA per cent
at the close had something to do with
the final rally. The ease of money belied
the forecast of the bank statement.
large receipts of customs, and the pay
ment of nearly $780, 600 on account of a
Central Pacific note, the subtreasury has
taken from the banks thus far this week
50, S,35OOO0 in spite OF the high level Of
pension disbursements reached during
the week. The banks have continued to
receive currency from the interior, part
ly in the shape of gold from San Fwan-
cisco by registered mail The amount is
estimated at over $25, COO. 1t will be
seen that, this indicates a cash loss of
between $10O0.000 and $1,000 00O The loan
item, however, is of principal interest
There have been additional large Ge-
mands for railroad finances during the
week, and general supposition is that a
payment of something like r$25, 100000 has
been made to Mr., Carnegie, on the steel
deal which will figure in the loan item.
The SOftneSs of the money market this
afternoon may be the prelude to a sur
prise in 5tomorrow's bank sta tement
The activity of the bond market declin-
ed in sympathy with stocks and prices
moved irregularly. Total sales, par
value, S994,G00. United States refunding
rs advanced 1s per cent and the IS Z
per cent ON the last call.
STOCK QUOTATIONS.
Furnished by Charles H. +. Smith &
Co, members of the New York Stock
Exchange, Pioneer Press building, who
have direct wires to Chicago and New
York. Closing prices are bid: