The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-26
[. { N. is ACTIVE
AND N.Y.C. STRONE
Union Pacific Scores d ,:
Point Advance-Copper
Well Taken

NEW YORK. April 25.-'rhe FRIGHT
spectators in stocks showed evifaDc.
0u'S loeice TO-DAY and, as was to he e.
pected after the violence of tbe 700.
downward plunge, there was 2 recove5
IN the prices. 1t was to be expecfad als
that the stocks which had led the darlr
should be especially affected by the d.
mand from uncovered shorts which co..
Stltuted the principal factor in tba rr
coVery. Union Pacific. St Paul and NJ
lOih central were the principal exam
pies IN the railroad list. In the industrf3
llst an aggressive tone was taken ON ia
recovery In some of the stocks viii,
nave offered comparatively good resisr
ance to the decline. notably in the met
group There was very distinct falhI
OH IN interest In the market. howeve.
ana traces of nervousness and feverisi
ness We're still very perceptible
London Resumes Operations
This was especially the-case early in NJ
day before the relaxation of the selliF
pressure from outside sources was clears
perceived. London resumed operation
aiteT four day interval of idIeness als
look our securities with such freedom =
TO make a material aid in supporting III
market. A number of the internatio,.
stocks went between and points hiet
ef during the first hour Besides III
practical effect of this buying on on
s sir',tS, the tone of the London market iii
sipdSu any remaining fears of a critic.
nature OF European policies The weig-l
OF the selling brought out by this openir
bulge in prices had a decidedly chiIlir
effect on sentiment and a naltIng move
ment followed. An anxious eve was llar
on developments growing out OF the MI
Wdukee banking scandal and there wen
some Tears that still further losses wOul
involved
tached TO the possible effect of the en-
Sode in shaking the existing state Of cor
ngence In the outstanding credit which :
OF importance to the present prosDerou
conditions of the country The dan
events served to quiet apprehension {
some extent regarding the Milwaukee r.
elaent; The quieter tone of the whe-
market was also an effective influence 3
turning the stock market
SteeIs Strong
With the downward tendency arreste
and the upward turn established less wa
heard OF yesterdays rumors of hostiltie
IN the railroad world. which pointed to
degree of bitterness that had prompted
contest for control of Union Pacific itseI
a notable feature of the market on tn
recovery was the leSsened volume of aC
uVlty, the total transactions for the da
IaIllnS considerably below that of yeStef
day. The speculation during the after
noon began TO anticipate the action of II
meeting of directors of the United State
StSti CoIpOidtlOH, winch was to aSSep
ole later IN the day and give out a stat
ment of earnings for the quarter. e
pectation was high that this would prov
remarkable and record figures were take
OF IN the course of the late buying of In
United States Steel stocks. Other. meta
stocks shared fully and even eXceedt.,
the strength of the iron and steel issues
IN spite OF the weakness of the markc
for crude copper The advance i'm price
did not become general for some time am
was interrupted by a number of reaction
before 1t was established, and carried
the strong closing. Call loans were easie
but sterling exchange was firm in spite ,
the buying of stocks here for London az
count.
Bonds We're steady Total sales. pa
value, $685. 600. United States 2s red,
lstered declined Is and the IS coupe
advanced Is per cent on call.
The untitled orders on hand April 1 las
amounting to 5,597, $50 tons, is in exces
OF all previous records. The dividend
all preferred stock is payable May 81