The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-14
STOCK MARKET is
AGAIN INACTIVE
New York Securities Relapse
Into Dizziness After Last
Weeks Bulge

The following stock letters were yes
terday wired to st. Paul brokers by their
New York correspondents:
]. c. Geraghty & Co.'S correspondents
say of stocks:
Logan & Bryan-The market is fraction
ally lower. 1t signifies nothing except
after week of advancing prices traders
will naturally play for a reaction. Be
cause the market does not blossom into
activity at once there are always some
who cannot wait. After the experiences
of the last two or three months, with Il
market absolutely bare of pressure we
can see very little to create one now
There is a rumor that the attorney gen.
erals office will in the near future begin
proceedings against the coal roads. AS
all actions of this kind are in the end
FUTILE, so far as any disturbance to the
value OF the property is concerned this
one, II 1T happens, will likely have the
same experience. We advise buying
Walker Bros. = The market opened
steady at about Saturdays close. but there
was little doing later in the day. Prices
eased off about q per cent. and this
selling continued until the close There
was no news of Importance and trad
erS took the ground that the market had
advanced too fast. The close was dull
and weak
OConnor & Van Bergen's stock letters
say:
Watson & Co.-various reasons have
been offered to account for the markets
hesitation in the present up movement
which has been very evident since the
opening. Perhaps that nearest the truth
is the reluctance on the part of profess
SiQnal operators to commit themselves
to too great an extent until it becomes
more definitely known whether the pres
ent change for the better can be relied
upon, or whether, like it's predecessors,
1t will fzzle out and the market drift
pack INTO its old rut of depression and
inactivity. Other plausible reasons given
are the absence of many prominent OPP
orators from the street and failing of
the market to respond to over Sunday
optimistic financial opinions Up to noon
transactions showed a very fair total.
Ihere mas been no signs of weakness, and
a pleasing feature has been the few stocks
offered. Ontario & Western advanced on
a continuance of recent good buying 9TH
erWlSe there has been no special news or
development to create any change in SEN
tlment or the outlook.
Van Emburg & Atterbury-Under the
influence of higher range of London quo
tatlonS and some accumulation of small
buying orders over Sunday our market
opened ffactionally better and with evil
r dence of the strong undertone noted for
some days past. This was offset. how
ever, by realizing sales which prevented
advances of Importance and on fairly
actiVe trading price changes were irreg-
ular After the first hour some pressure
and heaViHeSs in United States Steel
preferred influenced the general list. as
well as the indication of stocks being for
sale on small advances, and a reaction
airy movement followed carrying prices
generally below Saturdays closing. At
the declines the market became dull with
a restricted demand but without pres
sure. In the last hour the market again
weakened on reports of early action by
the attorney general under the Sherman
antitrust law against the anthracite coal
roads, and the market closed at about
the lowest figures dull and fairly steady.
with net changes generally within frac-
tiOnS.