The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-15
BUYING Up STEEL Stocks
BROKERS WE'RE ALSO SELLING
RAILROAD SHARES, WHICH
CLOSED AT A Loss
ssESM
ERTES WERE ANo EXCEPTION
-4esG
Some of the UtsEvesterns Also
Showed Strength, Notably Big
Four, Which a Gained
Three POINTS.
= ~ Ie
.sg1 p Prev.
MIA Close Day
Bar silver, New York;. 6zh 63l6
Call money, New York Us, 2&@4 80.

M5AN Close. Day.
Bar silver. New York. -. 6z1a 63h
Call money, New York Us. 2A@4 80.
IT lQtt...
NEW YORK, Jan. IhE-5The currents in
today's stock marketsscere exceedingly
confusing and Irregular and the contest
between speculative forces was by no
means conclusive. There was a very
large amount Of speculative liquidation
accomplished and there, were periods of
acute and general weakness. Some of the
IecehtIy prominent stocks in the all
vance suffered from material set backs
On the other hand there were stocks
whose strength was constant in varying
degree throughout the session. The SELF
ing largely expended itself. during tho
course of the day and there were signs
OF renewed aggressiveness on the Fart OF
me m IuIl interests and the market rallied
tnrouShout from sthe midday low level
New stocks came into leadership and
there were indica tons that the person
ahty of the leaders of the speculation
mad also undergone some change The
brokers' who were the largest sellers IN
the railroad list were very heavy buyers
OF some of the steel stocks, and it was
evident that an attempt was to be made
10 conduct double campaign in the
market on the bear side in some of tina
railroads., and on the bull side in the
steel stocks The market closed in fact
with some notable advances scored in the
steel group and with removed weakness
among the railroads and sp:c;al tiles
some of the latter two classes selling at
the lowest on the last sales. There were
points of strength curing the day in the
railroad list and amongst quite a number
OF the stocks not usually conspicuous in
covery for early weakness, the first pre-
ferred getting 23k above Saturday. The
southwestern group showed signs of
strength and St Louis Southwestern pre-
ferred got a point above Saturday at
one time. Cleveland G.. G. & St Louis
stocks rose and 3}@ respectively, and
lead preferred recovered points of its
recent heavy DECLINE 1aAmerican tobacco
was ~ points over Saturday at the high
est. Eut these points Of strength were
the exceptions in th4t9,fnarket. although
stocks and in largely reducing the aver,
age net losses. The market gave unID1s-
taxable evidence of a,1decline in the
speculative figure andI "a disposition to
revise the more sangufne estimates of the
high price already attained for many
stocks and those expected for others.
among the holders 6f:Et. Paul over thu
failure of confrmatieIt5 Of the many sto-,
les of a lease of tire Northern Pacific
now Y, pretty thoroughly sdisteredifed The he
which was i9s below Saturday, and closed
with a net loss of 81. The other graz gers
were weak apparently IF sympathy. The
local traction stocks collapsed sharply af-
ter the buoyant movement Of Saturday,
and Manhattan closed weak at the lowe~r
after a midday ra ly>at-a net loss of 29s.
Missouri Pacific showed ia good recovery.
At one time the majority of the active
stocks in the list were from to 2 points
below Saturday. No admissions ceuld be
secured from international banking
houses of any completed arrangements
to. ship gold. but with sterling exchange
continuing to advance. reserves of money
rapidly increasing at this center, and
continued uneasiness over the future in
London. the conviction is general that a
considerable sum of money will go out
and that the movement will be inaueur-s
ated on Wednesday. There is no. fear
that any scarcity Of money here vii re-
suit but the movement creates some
Inevitable disquiet among our extended
SrecuailYe interests
~ The bond market was: weak. .inf SYM,
4Eathy with stocks: Total sales rarsYalGeg
50 SJ4,0f0. / United States bonds were
all unchanged on the last call. -S<i ~
STOCK QUOTATIONS. -.
Furnished by Charles H F. 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: