The age-herald., 1901-06-17
FEVERISH SESSION
 IN STOCK MARKET - St. Paul Was a Determining Factor in Steadying Prices. TENN. COAL STEEL STRONG The General Market Was Influenced By St. Paul Throughout, Which
 Stock Touched the 1s1 Mark
 Against 174 of Friday.
TENN. COAL STEEL STRONG

New York. June 15.-There was a fever ish undertone in todays stock market but the buoyancy of St. Paul was a de- termining factor in sustaining prices and in turning the market upward after the dip occasoned by the weak bank return Authoritative announcement regarding the developments in St. Paul continue lacking, but the belief holds in Wall street that controlling interest in that stock has been made available for the purpose Of adjustment of the Northwest Railroad dispute which is being worked out. It is a matter of notoriety that when efforts were made to secure St. Paul previous to the Burlington deal the figure demanded for the stock by controlling interests was zoo' limitations have been given that minority stockholders will be given equal beneht on any term of scales for mutual assistance. St. Paul crossed 1S1 in the date dealings compared with 174A last night Colorado Fuel added six points to its sensational advance. A jump of IA points in Pere Marquette and six in the Kanawha and Michigan attracted atten- tlod. the latter being connected with a re- ported consolidation by J. Pierpont Nor gan of Ohio soft cole properties Tennes- see coal was strong in sympathy with Colorado Fuel and the Readings were in demand. The general market was in- huenced by St. Paul throughout. The loan increase disclosed by the bank state ment reflects continued demand for sym dicate purposes. The decrease in cash Of million and a half is wide of the known movements of money which fndi- cabed small gain. Part of the gold withdrawn from the sub-treasury yester- day went to Holland today It is believed more may go next week to meet Berlin's requirements for semi-annual settlements on July ]. There was a decline in specu- iative activity and some liquidation dur ing the early part of this week, caused by the showing made by last Saturday s bank statement. But interest revived again as the week progressed, although the volume of dealings did not rise to last weeks level
 Many important general conditions de- veloped which offered ground for expect Ing large movements, but the speculation seemed to be based for the most part on special considerations and was largely congested in special stocks The sub- stantial gains in these kept the under tone of the market pretty firm and seem ed to support prices against considerable realizing which was in evidence from time to time. The Gould group of stocks were conspicuous figures during the week. Belief was confident early in the week that early announcement would be made of steps accomplished towards the ex- pected consolidation which Wall street has designated the Greater Missouri Pa- cific.
 The iron and steel industries continue their even tenor with small fluctuations, and. If any, always to the good The gov ernment report for May at first created slight mixed interpretation and its bear ing on different regions was differental on the speculation. But the estimates by experts on the governments figures, showing the promise of a wheat crop equal to or in excess of that of 1S9S and the reports of rains during the week in regions shown by the government re- port to be in need of them, added to the feeling of confidence in the favorable outcome of the crop.
 The propitious conditions in the United States is not immediate and indications point to the scurity of all values which have not been unduly influenced by spec ulation on unwarranted assumptions
 There has been a good demand for rail- road bonds and some of the convertible and contingent interest issues have been active and strong.
 United States bonds closed unchanged on the call prices compared with a week ago.
 New York Sfock MarL-A