The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-02-08
CTOCKS, BONDS
~ @ AND MONEY.
N1USIHS.
Fri. Thurs.
G Gar a mISesy N New v 6GFk ..24f 24


Bar silver, New York ...... 55k ssh
NEW YORK, Feb. THE movement
OF prices In today's stock market became
highly irregular, but the tone was health
Ter and the breadth and activity in the
market were maintained at yesterdays
ievel. The professional operators, who
largely absorbed the market Operated
with considerable confidence and did NOT
hesitate to buy and bid up stocks in new
quarters at the same time as they Weca
taxing profits in their recent purchases
In others. Some Of the closely held in
Nestment stocks, which lave had sensa-
tIonal advances recently, because there
We're no shares for sale even at much
ngher bids, relapsed violently today en-
attempts to take profits, illustrating the
narrowness OF the market In certain
stocks
Offerings are as effectual in forcing a
oecllne and small purchases are in fore
ing advances, the insiders In these stocks
belng quite indifferent to their course In
the speculative market. Lackawanna
slumped points on top of yesterdays
loss OF nearly points and Northwest
dropped AZ without recovery Lacka-
wanna, however, rallied points
Amalgamated Copper showed positive
depression. It's loss at one Tina extended
20 z1S, but this was reduced by a rally To
rs. The selling Of the stock was osten-
sibly due to q reaction in the price ct
copper and to allegations that the COM
pany had oversold it's product at the
The principal factor of strength in the
market was Illinois Central, which ad-
Vanced an extreme 37s on q volume Of
dealings very unusual in that rather
no other explanation than the relative
ly low price of the stock, compared with
other stocks similarly situated and pay
ing only as great or even smaller divi-
Cends. The advance in the stock brought
out various old rumors of absorption OF
minor systems, and the stocks of many
railroads which could by any possibility
be available for merging with the Illinois
Central We're advanced sharply.
The favorable showing Of the great
corn carrying railroads. for December as
in the case Of the Burlington and Rock
Island, also helped to strengthen this
class There was an energetic buying
movement late in the day in Atchison,
which seemed to be based on the fact
that the movement in the stock this week
has not been commensurate with that in
others. This description applies to va~t-
Gus other movements Of the day. There
was an upward rush in Metropolitan
Street Railway which carried it 23s over
last night and a similar movement Of
more than points in Sugar, but neither
of these was maintained Brooklyn
Transit rose more than a point.
Late in the day Manhattan was ratdel
down points. on the news Of an I'M
favorable court decision against the COM
pany and this made the closing of the
market unsettled. Little attention vas
pGlO W VI LlL9 UdIlh SJdL6HESuI,
as the tone of the market continued easy
1t appears, however, that the net receipts
on the interior movement are more than
a million less than last week, so that the
loss on the gold exports remains uncal-
celed by a margin of over $1,000,000. 1t
is also generally expected that the loans
will be largely increased.
The bond market was quite active bit
irregular. Total sales, par value, So, ESQ.,
000 United States old As advanced Il per
cent on the last call
Stocks.