The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-03
n. P. PREFERRED UP
FREE BUYING OF THE STOCK
CHECKED A DECLINE IN NEW
YORK.
vANDERBILTS ALSO ACTIVE.
UNDERCURRENT OF STRENGTH IN
THE CHANGERS AND OTHER
WESTERN RAILS.
THE GENERAL CLOSE IRREGULAR.
For Many Stocks Substantial Net
Gains Were ShOwn-CoaIers
Raided by Bears.

NEW YORK, April 2.-Today's stock trading
was marked by still further diminution in
volume, the total sales falling below 200, 900
snares. There was an obvious unGercurrent
OF strength in the granger group and others
OF the Western and Southwestern roads grow
ing out Of the agreement which, it is believed
will prove eficacious in maintaining rates
and still be within the law as construed in the
Trans Missouri decision. noticeable feature
OF the market also was a resumption Of the
inquiry for the Vanderbilt stocks, which was
uninterrupted by the break in values caused
by the Trans-Missouri decision. The announce
ment Of the arrival in London of individuals
representing large money interests received
attention by dealers on the exchange as a
probable influence towards improvement of
prices in the properties which they represent
Northern Pacific preferred was notably af-
feeted by this influence, owing to the belief
aroused that conferences in London were tend
ing to a further harmonious control OF that
road and the Great Northern. The market was
not entirely dominated, however, by these IA
TQrable conditions, but still carried the incu-
bus of a depression In the coalers and some
OF the Gould shares, which the bears sought
to accentuate. The bear attack on these stocks
checked the advance with which the market
opened and caused declines Of ~ in Western
Union, N in Manhattan, ~ in New Jersey
Central, rs in Delaware & Hudson and q
point in Chicago Gas. The buying of the Van
derbilts and Northern Pacific preferred
checked the decline in turn and prices were
carried to the top prices of the day, the coal
ers participating in the improvement. North
ern Pacific rose per cent and gains Of point
or more were shown in Omaha, New York
Central, Michigan Central, Sugar, common
and preferred, Burlington, Chicago Gas, St.
Paul, Rock Island. Louisville & Nashville,
Manhattan, Lead and Lake Shore. In the in
active stocks Minnesota Iron rose ~ per
cent. The close was irregular on account of
proflt-taking, and the coalers lost all their
gains, but many stocks showed substantial net
improvements.
The bond market continues to exhibit con-
siderable frmness which was more fully re-
hected in the high class issues. The St. Paul
mortgages were freely dealt in, at a higher
range with Chicago and Lake Superior di-
vision 5s ranging 512 per cent. Governments
showed strength with good demand for the
new tours. The sales were $S1, 500.
The total sales of stock today were 1871 9O9
shares, including: Chicago Gas, 1880 Bur
lington, $4,000; L. & NJ 1900; New York Cen
tral, 1880; Northern Pacific pfd., II, 200;
Omaha, 1900; Reading, $500; Rock Island,
Jersey Central, IS, 400; silver certificates 5000
The following were the fluctuations of the
leading railway and industrial shares fur
nished by c. H. F. Smith & Co., members New
York stock exchange and Chicago board Of
trade