The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-11
STOCK LIST APATHETIC
DISPOSITION OF TRADERS IS TO
REFRAIN FROM ACTIVITY
After an Early Attempt to Advance
Prices the Bull Side Retired and
Left tho Bear Contingent In Con-
trol-Net Declines of q Point
ThrOuHh0ut the List.

NEW YORK, March 1o.-Today's stock
market showed further contraction in the
volume Of dealings and an apatheuc tone to
the trading. which indicated the prevailing
disposition to refrain from speculative activ-
ity until conditions become more settled.
There is continued uneasiness regarding
ton in large offerings of securities on any
substantial advance. 1t is the evident senti-
ment also that the present conditions do
not warrant a further violent decline in price.
There was strenuous attempt IN the early
dealings today to mark up prices with the
purpose Of pnching small bear traders, and
probably. also. for the purpose Of realizing
at the higher level. This maneuyer which
proved so successful yesterday and Tuesday,
brought such abundant offerings that it was
soon abandoned. and the bears retained con-
troll of the field for the rest of the day.
A small amount of arbitrage buying for
London account aided in the early resist
ance of the decline and the strength of spe-
cial stocks tended to the same end. st. Paul
was well supported in anticipation of the
dividend declaration, which was at the rate
of 5 per cent per annum, though the increase
over the recent rate was called an extra
dividend. The strength in st. Paul, as com
Burlington together, and their prices crossed
during the day. st. Paul yielded in the final
dealings, and fell to the lowest of the day.
,, Tobacco was also strong feature and
helped to sustain the specialties. It's tone
was, however, decidedly feverish. Pittsburg,
Cincinnati, Chicago & ST. Louis underwent
q remarkable series of fluctuations as low as
4lA and as high as A, apparently due to a
contest between rival spectators to uncover
each others margins. The stock closed I'M
changed.
The unsettled and uneasy tone on foreign
exchanges, especially the weakness of Span
ish As in London. and Paris helped materially
to defeat the effort to advance prices.
large part of today's selling was attrib-
uted to Washington account. There Is no
doubt that the bears employed the usual
channels of Washington selling for the sake
OF effect. and they accompanied 1t today by
the circulation of sensational rumors regard
Ing developments in the Cuban situations.
Because Of last weeks Washington selling
previous to the publication Of the news of
consul General Lees requested recall, the
market is extremely sensitive to any demon
stration from that quarter.
Today's net declines are about a point or
over all through the list and effectually wipe
out the advance of yesterday and the day
before.
Bonds were weak throughout the day, In
sympathy with stocks, the speculative issues
leading the decline Total sales, 81, 665, 600.
United States new as and the old 49, coupon.
advanced ". and the IS " bid.
Total sales of stocks today were 283. 400
shares, including 26,275 Burlington, 1925
Manhattan, 800 Metropolitan, 1000 Missouri
Pacific, $500 New York Central SITS North
ern Pacific, $4,000 Northern Pacific preferred,
$500 Rock Island, G5,775 st. Paul, 400 Union
Pacific, 35SS9 Tobacco, S675 Peoples Gas,
,5S5 Sugar.
IT, The following were the fluctuations of the
leading railway and Industrial shares fur
nished by G. H. F. Smith Co., members
New York stock exchange and Chicago board
of trade.