The Saint Paul globe., 1902-09-11

NEW YORK. Sept. 1o,-For the most
irregular, though opening with consider
able strength, which was well maintained
rumorS of the serious illness of Russell
Sage caused selling movement in the
Gould stocks, the remainder of the list
being sympathetically affected. Condi-
London reported stroHg tone for Amer
leans and another gold Importation was
announced: Call money. though nomi-
Aally as high as 8 per cent, was actually
hardly higher than Z per cent. Crop news
was encouraging and early advices told
of truce between the Pennsylvania and
Gould interests
Largely as a result of these last rumors
and aided by clever manipulation Penn
sylvania and Baltimore & Ohio, whose
interests are virtually Identical, ad-
vanced over point each and the Gould
improvement was shown by St. Paul,
Louisville & Nashville, Rock Island New
York Central, Illinois Central and the
Wabashas, but the industrial list was ne
elected save for some activity and bet
ter prices in the gas stocks and Ameri-
can Ice preferred:
Following a brief halt toward the end
of the first hour, during which the list
sagged, there came an active demand for
Union Pacific, Reading, Manhattan, At
Gibson and some Of the specialties. AT
the same time there was some selling
of Missouri Pacific by brokers who had
been active on the other side.
st. Paul Up Farther.
st. Paul, on persistent rumors of an
increased divided, made a further advance
and Readings strength was we'll main
tained in spite Of obvious profit taking
New York Central. United States Steel
shares were taken up, the common being
extensively traded in, and simultaneous
strength was shown by Tennessee Coal
other stocks
There was no news to account for the in
creased interest in these issues other than
the general prosperity of the steel and
iron trade
In the miscellaneous list the shares of
the express companies advanced from 2
to points on very light trading. West
inghouse Electric and Pere Marquette
gained six points EACH
The feature of the last hour was a
three-point decline in Missouri PACIFIC and
the recesSions in the Standard Railway
& Western, Reading, st. Paul and New
York Central The selling movement will
pay out the greater part OF the days
gains and in some instances caused net
ing the most serious declines. New high
records for the day included ST. Paul,
Missouri Pacific, Rock Island, Baltimore
& Ohio, Reading first preferred, Southern
Pacific, Missouri, Kansas & Texas pre-
ferred, Wabash common and preferred,
Wheeling & Lake Erie second preferred,
St. Joseph and Grand Island first pre-
ferred, Keokuk and Des Moines, West
inghouse, Republic Iron and Steel and
American Car and Foundry.
Rock Islands New Issues.
The new issues of the Rock Island
company was again the feature on the
curb, the per cent selling up to 89R
on transactions aggregating about $1,0O0,-
900. Londons operations here amounted
to perhaps $4,000 shares very equally divi-
ded as to purchases and sales. In
creased public interts was reported by
leading commission houses and the day 8
business which was in excess Of 1,200,-
900 shares was well distributed
Money conditions were somewhat
easier, but the loss of cash by the banks
to the subtreasury continued and last
weeks surplus reserve was practically
obliterated The gold movement from
Australia is likely to assume formidable
proportions. Foreign exchange broke
some 20 points early in the day. There
were no transfers by the subtreasury.
The bond market maintained a firm
tone during the greater part of the day
despite the heavy realizing in Wabash
debentures, which depressed them 2
points. The market sold off in SYM
pathy with the decline in stocks. Total
sales par value $4,S95,000. United States
old As declined II per cent and the new
As registered u and the do coupon 5s
per cent on the last call.
Stocks.