The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-23
CTOCKS, BONDS
~ @ AND MONEY.


Wed. Tues.
Call money, New York ....S-3h Sh-.44,
Bar silver, New York $500. 59A ooh2
NEW YORK. Jan. 22-The professional
operators in the market made an up
ward turn of prices again today. The
dullnass of the market and the conges-
ton of the scanty dealings IN lew
stocks clearly reflected the continued IN
difference of the outside public TO the
securities market, and the abStent1on OF
the great banking interests which MADE
the great bull markets of last year from
any hand in the trading. Such narrow
price movement as these was was pref
ty much wiped out in the closing deaI-
ings, and many stocks closed below last
night Metropolitan Street railway was
the central feature and moved up late
in the day an extreme 3B on a volume OF
dealings very unusual for that stock.
The gain of the day was "a. Many ru-
mors circulated to explain the move
ment. which were in general agreement
as to coming issue of stock with sub
scription rights to stockholders, but
which varied greatly as to the use TO
be made of the proceeds of the stock
sale.
There was talk of a consolidation of
some New York public utilities and OF
a Capitalization of the production Of
electric power for the benefit OF all OF
them. The stock of other New York
public utilities did not fully sympathiZe
and reacted sharply at the last. Ad-
Vances of 5 points each in the Chica-
go & Northwestern stocks and 3% in
LackaWanna were accompanied by ru-
mors of a coming distribution of scrip.
Sugar and Peoples Gas gained nearly
point at one time. This about exhaust
ed the list of advances worthy of men
ton. The rain and snow in the winter
wheat belt and a corresponding benefit
to the crop were advanced as reasons for
the advance in railway stocks.
Money was easier, and the large sub
seription reported in New York for the
German imperial loan argued an album
dance of local resources, although the
while the local stock market was SO
neglected was taken to indicate a
tendency not altogether favorable. The
lively speculation in Kaffirs in the Lon
be sold in New York for london account.
showed the same tendency for specula-
ton to be diverted to foreign markets.
The character of good part of the
pressed expectation that the supreme
court would clear up the Northern Sc
>curities question by decision next Mon
day, which is merely the dav set to hear
shall be entertained. There was recent
ly some speculation in Erie shares, based
on the assumption that the dividend on
the first preferred was to be advanced
to per cent, but the conviction has been
general for some weeks that the per
cent rate would not be changed, as
proved to be the case today, with little
effect on the stock. The market closed
dull and irregular.
The railroad bond market broadened
out today, bringing forward many dor
mant mortgages into activity. The deal
ings in some of these, notably in the
Rock Island As and the Central of Geor-
gia income bonds and consoI IS, were
very heavy. There were advances rang
ing from 1 to 2A in the Rock Island Is
and As, the Oregon Short Line 6s, St
Louis e. San Francisco 6S and NeU
Jersey Central 5s, Peoria & Eastern in
comes, Central of Georgia first, second
and third incomes, the Chicago & Pacific
Division IS and the st. Paul and Texas
& Pacific lists. Total sales, par value,
81, 600.
United States bonds all unchanged on
the last call.
Stocks.