The Saint Paul globe., 1905-01-08

=
Iona Stocks on the
$50 .pssE-s- CoA-
Etiaft 0potS
NEW YORK, jan Prices of stocks
were inclined to yield again today, but
the pressure was not urgent and any evil
sdence of support in the market tended to
check the selling. Such support developed
for Erie and Reading during the course of
the first hour, and practically complete
made. There was a good demand for u
HnotS Central, which was accounted for
by unsubstantiated rumors of an intended
increase in the dividend rate. At the re-
covered level OF prices the demand be-
came so languid as to cause fresh dis
couragement over the failure to appear of
the January reinvestment demand, and
prices Sagged away again at the last,
making the: closing weak and dull Dis
appointment was profesSed over the bank
statement, but the showing was not cal
influence with the extreme ease ruling in
the money market. The fact is not doubt
fed that currency has started to move in
nre of I fhe @ bank stat statement % to e ret,ect a it is
attributed to cross currents in the move
ment, which confuse the computation by
7sse.s ~ Metropolitan Weak
The Metropolitan traction stocks were
veal fI,a,, s,snacial ra,,ses notaf fs,v the
threatened compefifion for their subi,rban
fraffic and fbeiy-.7 sharn declines had q
synlDatfetic effeet oI, fI1f resf of fhe mar
Laf rrI,ere sutres y,ersjsfay,t ,,1y1,ors s,,c,,
as have circulated for Some Iays. that fha
renort of IInifed states SteeI Earnings for
tfe anal oJ,arfer IF ti,e wear Wnrld ryove
lass satisfsctor1, than nreJj,,,inarv pestio
mates had promised. There was consid-.
, noI;ficoI ieaI1ars which nos anno,,ncod fo
assemble al Washinaton during fhe after
noon TO consider the nroeranne for CON
aress;onaI nt{on Ic1Sdier Iea;sla fioI,
eonce.ni,,e, cornorat;nrs an5 tarife eI,i-
sion ahs TeatJ ,oo tiI ,.eI,;a,.
farad no vro,,n5: fnr cejIi,a stootS ard
the enor,,,o,,s fies,,ra Of fh aaoenof,er an
thrac n11fn,,t E was o. fnsterjns. infi,,ance
az ~ s &c +; s. Is
varabIe indnsfria, news fsileG bowaver We 70 fo
t;nria i, "a foa to W, + ~
roaraf far. bonds I,o -, Gu th s.o
1lnTine the early mari Of tbe Waels rrotai
sales of bonds, par value, s1,s0o,o0o
The stock exchange contingent started
the New Year on Tuesday with number
OF important happenings to account for
and spent rather busy day on that account.
BUT Ine subsequent dealings. showed a
large abatement OF speculative interest
anq a growing tone OF hesitation and In,
uiHeIence. Ine IdiI or FORT arthur and
sthe decision OF the Northern Securities in
}uncllon SUIT In favor or the company had
tong neen counted on: But they were re-
sponslple Tor squirt IN the market never
tneiess. Ihe interpretation of these events
was evidently q favorable one from the
point OF view OF the nnanciai world. But
e tne natqrai eHect OF reahzing sales with
| sne sood news out was 70 cause some re-
aacllon IN the ieyel or prices. The London
nnanclaI pubic mas held a clearly defined
ComHictlon ,a,,,s .o mat tne Iau OF Fort arthur
Mouiu serve TO ndsten the end OF the cost
y Struggie IN the Iar East and bring TO
tr,: 1liS Woilu the Dement'S Oh an early peace:
h1l is =, opda,,on mas oeen someWnal moolned
oy t4s course OF events curing the week.
aliu tl.e the the apprehension mas grown up that
sliu IA lion OF the war is stiil indef-
M tue d Inc uisasser 10 sne
1.ussisiii nus siiiuS mas raised some misglVlngS
JSs a.So = es 70 lne success or the Ioftncom-
ing nussian Iean, ana mere mas been some
n she LONDON marker Tor paris
accounl Wnlcn is supposed TO be due 10
the large commitments OF that center: OF
eapllaI ai,i III Gusslan secufitleS. rms mas
"a sausSu sa5 a reheN oppression 10 some extent
Appeal Northern Securities
Tn fha case of tha Nortbnr,, Securities
decision also fhe nafuraI mnveme,,t fo
fake profits has had ad5ad infinence from
the failure OF some of the expected con-
sequences to develop. In the first place,
th the oelefmination @ 10 appeal the case and
in1,;,7s t;o,, f tI "a lhs pioposeu
ilsss aaea ston " ZIG ,Ccinpauy ~ oniSes az
had beer honed tbat u .rE n1an af so4i1ae :.
M r.sal pSSi5 3, silopeu~ tndl pan OF setlie-
1S,r,.,, nau arta1sed inal W9ulo pc
5gi siS ~ On .nS reacnihs OF
and ia.. po Tue eohrt MUCH specuiatlon
Iiocyod -, tI,o ,,,-~r,,,1 t,,~..,- g -.
tia,,5e,,4 on sie Supposeo Terms OF tnis Set
that r. rnI,d ivoeI1,a ,sn nag psen anuulgeo
,na,+ - ,o,,4,., A,r u y 81 q
transeontinenta, anu railrosd ed Ia .ne m 91S wnOLe
aennn,uiiSh iii t,a hd neia as Wouo
the bn,fi a, maa pee,I tn.ehued ny
ana noore 4oo noftTsn r5an nscurleies merger
thes Mans baxa inle,ad nne n4dh.apPeaTance OF
nense pn the ayt Of sta.e 9l saS
who held stocks IN IN ynecfasio,, eielnSn. @
aud - he st;r,s,td IN eApec.a.lon Pc OF oe
which have not come Tbe ny haIief nontin
@ m,rioi no 4u ,Loe coAle. ne peleI contlnues
5rniacts N are sne ancial Worlo I anat great
warId and # 10 nn,s5o,,iv iH .e +sp
fhe areat acc,aro,,Ia tin,, f sfApeoreu tnat ma
sources in New YORK M this sprinp np'e which
of to secure The addjt;oaai III ,aaen ni+ auHantage
arired for these nToiects P,iy,nors &c
their form are yapne ana var;nIs h,3t ot
stress is laid on the snnosea ertension Dot f
tI,e RockefeIle,. intersSt IN ~, V1a ~ u
frs,l J, nd In The afI1nitta1 ;nte+; u Sel
President Cassatf Of tbe PennsvIno 10 aqo 10
the New Haven direcfo,y o,oj,,' yairia' 20 20
show the direction nf raiirosd ,,oIialg sJIiIg 20
wards COMPUTATION ana absorntjon Ro,os "
u -. aD'oi p.'on'
money Plenty
lily supplied and passed through fhe an