The age-herald., 1901-06-22
CHEERFUL FEELING
 IN STOCK MARKET Caused by Prospects of'a Good
 Bank Statement LARGE INFLUX OF CASH From the Interior Offset the Drain On the sub-Treasury and Leaves a
 Good Margin in Banks-ver- sst sion of St. Paul Deal.

New York June 21.-The prospects of a better bank statement tomorrow than has been expected caused a more cheerful Seeling in the stock market today. Ad- yances were quite wide in some quarters of the market and there was appreciable increase in the interest in the market, the dealings again rising over the half mill lion mark. The apprehensions which have been felt regarding the effect of the weeks gold exports were alleviated by tn publication of the preliminary esti- mates of the cash movements of the week which showed that several factors had co-operated to offset the outgo of gold. The most important of these was large influx of cash attracted from the interior by the harder money rates here. This movement has apparently served to offset the drain to the sub-treasury and left margin of gains for the banks of over a million dollars. The sub-treasury opera lions themselves although they include the payments for almost s1,000,0O0 of gold exported, showed an actual withdrawal from the market of only s21, ,291, 900. The most high level of pensions payments, the
 
 offer of the secretary of the treasury and the redemption of checks issued against deposits of gold in San Francisco and Seattle are the offsetting factors. The changes in the loan item are, of course, problematical. Rumors were ripe Of the liquidation of some heavy corporate loans. The completion of the subscrlp- tion payments on the new Pennsylvania stock which was issued to reimburse the company for recent purchases Of stocks in other companies affords means for the liquidation of the large loans incurred while the purchases were being made
 The Pennsylvania collateral loans on this account were stated at over $20,O0000O in the annual report and this admittedly had been added to since. The explicit statement was made today that these loans had been paid this week, but no authoritative information could be ob- tained on the subject. The tone of the money market was easier today. new version of the St. Paul deal today had 1t that a block of 250O00 shares of St. Paul stock recently reported sold to Union Pacific interests was in fact to be exchanged for an amount of Uunion Pa cific interests was in fact to be exchanged for an amount of Union Pacific stock estimated at an equal value, thus fur thering the establishment of community of interests. There was renewed buying of some of the large speculative opera tors who have been quiescent this week. Union Pacific was carried three points over last night and St. Paul at one time two points, although the latter stock re- acted Reports that a working agree ment had been arranged between Penn sylvania and the Wabash caused Wa bash securities to jump, the common st ocli rising 1% and the preferred 3B and the debenture B bonds "A. Missouri Pa cific also rose 21s later in the day. Can adian Pacific rose 3A, followed by some of it's subsidiary lines apparently on the hope of a settlement. The strength of New York Central seemed to be associa- ted with the dividend meetings of the Vanderbilt companies. Peoples Gas was marked up two points on the prospect of a contract with the Chicago authorities. American Linseed preferred rose four on the advance on the price of the product. The local traction stocks were strong, led by Manhattan, and Sugar showed good gain, but without explanation. Colorado Fuel selling ex-dividend showed a gain akore time of "A, but saved only points net gain.
 Railroad bonds were active and strong. Total sales, par value, $4,1S5000. United States bonds were all unchanged on the last call.
 Neu Xnrk Sfock Market