The Birmingham age-herald., 1902-06-27
ST. PAUL'S ACTION
 SUSTAINING STOCKS Considerable Activity in Mis- Souri Pacific and Copper BOND MARKET WAS FIRM Market Closed Dull and Heavy, But Generally Higher Than Wednes-
 day-The Depressed coalers
 Were Almost Neglected.

New York, June 26.-Today's stock mar ket was still 6uller than that of yester- day and except of large dealings in St. Paul and the considerable activity in Mis- souri Pacific and Amalgamated Copper there was almost nothing worthy of note. The approach of the months end, wnlcn is also the end of this fiscal year TOT many porauons, and the extra re- quircments upon the money market incl dent to the period, were undoubtedly an important factor in repressing activity. The stock exchange custom Is for loans made on Friday to carry over until Mon day, so that tomorrow Is looked forward to with some solicitude. The call money market was quite active today, but was free from furry, but what was regarded with still further satisfaction, foreign exchange receded a fraction. Bankers loan bills were in the market, thus re- plenishIng the supply. while the holiday in London and the cessation of the drib- bling liquidation of stocks from that source frightened tho demand for ex- change. The fear of gold withdrawals this week was thus removed. Although the London market was closed. the en- couraging news regarding the condition of the King of England had some infiu- once in keeping the local market firm. The feature of the day was the demand for St. Paul. resulting in an extreme rise of nearly 3 points. The movement was ostensbly based upon the good reports of spring wheat prospects.
 The buying was attributed to the west ern speculative element, which led all re- cent movements, but there was indica- tions of some further diversity in the sources of the buying. The fact that a full supply of preliminary literature was in circulation this afternoon indicated the movement was under professional guild ance. St. Paul was the real sustaining force of the market, although there was d collateral movement in Missouri Pacific. The announcement of the contract be- tween the Pennsylvania Railroad and the Postal Telegraph Company for the use of the formers rights of way seemed to have a depressing effect some of the Gould stocks iu sympathy with the de- cline of 1% in Western Union. There was some strength in AmalSamated Copper without any news bearing on trade condi- tions to explain tEe buying. The coalers were almost entirely neglected, and Read ing closed the day with small loss. The coal operators gaze decided denials of rumors of measures of conc1liation with the miners and of arrangements for the early re-opening Of the mines. The order for the Curtaiment of mining in the western Pennsylvania bituminous district was put in force today. The May settle ment of earnings of Erie, New York, On tario and Western showed the effects of the strike in large decreases In earn ings. The Chesapeake and Ohio state- ment for the third week in June showed the same force at work to Iessen the earning power Of the Virginia and West Virginia soft coal carriers The market closed dull and heavy, but generally higher than last night.
 The bond market was firm; total sales, par value S2, 070.000 United States Ss de- clined l4 per cent on the last call.