The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-23

ard Shares-Cuban Boyle Man
Dominated the Market.
20 NEW YORK, March 22.-Offerings to sell
were not heavy in today's stock market, ex-
cept in a few stocks and internationally. But
the buying demand was at so low ebb
that even the desultory offerings that were
dribbled upon the market drove prices down
ward almost continuously. The result is
seen in net losses of between 2 and points
! in great many of the standard railroad
stocks and leading nfustrias and Of over
points In the local traction specialties.
| burning the morning session there were
| evidences Of an attempt to support prices
in few stocks, due to the efforts Of large
| operator recently returned to the street
| There was also extensive covering by an
who has recently been a persistent seller
The slightest indication of a rise in prices
| brought out such heavy offerings all through
the list that the half-formed purpose appar-
| ent to bid up prices for the rest Of the day
was abandoned.
Apparently a burst of animation in thu
| final hour was due to considerable short
| selling as there was tendency to rally on
covering just before the close, but this rally
was so feeble that the covering movement
was given over and prices fell away to about
| the lowest at the close.
| The great bulk of the dealings was in the
grangers, Union Pacific preferred, Sugar and
| the local traction stocks. The railroad stocks
were affected by the reports of the blizzard
! III tNe west sugar cOuIlHueu uepTSSSou VI
| the belief that the company was on the verge
| of a for supremacy in the trade.
The local traction stocks were affected by
! the threatened complications growing out Of
| the proposed rapid transit project.
But, while these special causes had an ap-
| preciable influence, the shadow on the market
was the development of the government
! Cuban policy, in which all circles feel GER
| tain a crisis is imminent. Evidently
no one wants to buy stocks until this ques-
/ ton is settled.
Another feature of the day further
announcement Of gold engaged for import
and a concurrent easing off in exchange
| rates. 1t was felt yesterday that the gold move
| ment had probably come to end for the
] present, and this was believed to be due tc
prospect of easier money rates, and II
| looked upon with favor by the specu-
lative community. According to this rea.
movement might be regarded an unfavor-
able factor, though the further influx of sold
must be for easier money, even though 1t is
not the index that easy conditions have al
ready arrived
The dullness in the bond market was ever
| more pronounced than that in stocks, but the
| losses were comparatively small. Total sales
| 81, COO. United States 5s registered were II
! higher the old As coupon "A higher and tbs
| rs " lower bid today.
| TIE total sales Of stocks today were 269, 0O(
shares, including: 1925 Burlington, 7,190 l.
| & NJ. H. $50 Manhattan, $40 Metropolitan
! IA $50 Northern Pacific pfd, $50 Rock Island
81 AGA St. Paul, 1925 Union Pacific, 1858
! Tobacco, 1880 Peoples Cas- 6O,95O Sugar.
The following were the fluctuations of the
| leading railway and industrial shares FUR
New York stock exchange and Chicago board
of trade: