The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-17
REACTION IN SHARE list.
WEAKNESS WAS dasNnRAL At THE
r. CLOSE OF Yesterdays
a Market
Is. .~.. -ss%Eas AHA-A- sy&-
STEEL GROUP was HIT HARD
49, "a, - en- 81
Railroads Also Suffered, Though to
a Less Extent-onIy Demand
Was 'FRONT.' the short
Interest
STEEL GROUP Vas HIT HARD

49, n : 90 s--s--lI - fsTf% Z
oo MEW X e a5ss]sfg excessive
in prices. An evident effort was made to
differentiates the movement of the. steel
stocks from that OF the railroad stocks,
me action of the steel group Yesterday
made it very evident that a decline in
them was to be faced, Some effort was
made at the opening to contest this
event even AND q supporting orders effected a
rise OF a point over last night in Steel &
WIRE and Tin Plate. and of IA in Ma
tiona1,,, Tube. but the last named stock
was the Only one, which retained any
Ihere was some show of support in Fed
eraT Steel early in the day and after an
openIng decline OF. IA It was.srallied a
persistent and urgent on account of the
dlsappotntnent by SPECTATORS that nc
f acflon l,I Was taken at yesterdays meeting
10 10 insure insure quarterly dividends for the com
faith. There were occasional rallies in
the stock, and 1t was lifted vigorously at
t rne 4ast two POINTS, aboYeythe lowest, but
manipulation was palpable in the rally
AT the low level this stock was Az below
last night and the preferred was off 3D.
Next to this Tin Plate was most acutely
cent dividend declare ton, : and fen an
extreme points. Colorado Fuel was
6 dow 81 81 american Hoop g. Tennessee
Io ia y ~ and others Of the group from
list were exceedingly Irregular during
the early dealings, but there were suffi-
clent points of strength! to overcome the
few opening declines caused by sympathy
with the London market and with the
weakness of the. steel stocks There was
a manifest disposition to realize, also in
other points. St Paul was vigorously
taken in hand inftife midst of this I'm
certainty and marked up. nearly s points,
precipitating a largd volume of forced
"a mo r1rn on
orally RESPONDED FlpAsympafhy, but, With
q quick relapse 6fl2 points In St. Paul,
began tosrun off again. Tben Burlington
the directors to Increase the stock 10 per
Gent to be issued at par to; stockholders.
2I1 hler,resa1ting -riser-trthe STOCK reached
ne as aS9s5 sDsRafESa BIZ the a asi
RaSss aa n2t sSt RSk f. tBa teR fa
n Franc S oS ma ri eul a and
Sugar also rose abesaz points When the
rain1sfg ef fh6se measures to hold the
Itadve hquidatfon m Increased Ito a very
heayy volume, The oalers. the Pacif1cs,
en a,, 1oe9 r ttFEaStionsopies Gas and su-
rent Of large blocks. The general level
Of prices was forced considerably below
iaSt = night on only a few small net gains
in st. Paul. 43gg in Manhattan and from
2 to 8 points in the ether prominent stocks
indicated. The closing was unsettled and
irregular, but there was no evidence of
any demand from other than short inter
ests: The announcement of gold exports
today for tomorrow's steamer did not
seem TO- effect sentiment as the early
strength in the market developed. after
the shipments were known. The accurnu-
lation Of money at present continues on
50 large d scale that the interest rate
expSrtss and the soft41ess Of the exchange
market MAJ showed the absorption of ex-
ehange bills sold against the gold 4ex-
ports vas not easy s5@s,.-.t- = r.
The bond market was moderately ac-
tive. and -eased off In sympathy with
stocks; Total sales parssvaIuel 81. 3s0. 900.
United States old IS declined ~ per cent
and Strengthened u per cent on the last
call. - ,g7.I 80;
,,.sa... STOCK QUOTATIONS.
Furnished by Charles H. F.. Smith q
Co., members Of the New York Stock
Exchange, Pioneer Press building, who
york. Closing prices are bid: -
CLOSING