The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-04-01
NET CHANGES ALL LOSSES
MYSTERIOUS UNDERGRADUATES
MOVED STOCK PRICES
Dealings All Below the Level of the
Previous Day, but at the Same
Time 1t Was Evident That a
Rather Urgent Demand for Stocks
Was Satished-Exchange Was
Dull and Neglected.

NEW YORK. March s1.-There were rather
mysterious Inducements all day in the
stock market. An opening slump, in which
losses ranged from to points and up
earlier decline in London, the more as the
selling Of Americans In London was said to
be for New York account Of operators who
were too eager to take their profits in yes
terday's rise to wait for the opening in New
York.
But the opening prices here proved TO be
the lowest for the time being, and there was
an eager demand Immediately manifest for
stocks all through the list. This demand
continued, with only short periods of cessa-
ton, throughout the morning session, and
rallied prices almost or quite to last nights
closing level The natural inference from
this would be that, If the earlier selling In
London was for New York account. it was for
mantpulative purposes.
The strength in the New York market
found response in rally on the foreign
exchanges in the prices Of American securi-
ties and also Of Spanish securities. which
were also depressed early in the day on
The latter portion Of the day saw a per-
sistent decline in prices in New York, with
only occasional periods Of steadiness most
stocks falling below the opening prices and
closing at or near the lowest.
Although nearly the whole OF the day q
business was done at prices below last nights
level, and, although the net changes are all
on the side of losses extending between l and
2 points and over that in special cases, 1t
was very obvious that large and rather
eager demand for stocks was satisfied during
the day, and it was the prevailing impress
sion in the street that the opening decline
was manipulated to give opportunity to sat
isfy this demand.
Aside from the bullish sentiment created
among the room traders by this undertone OF
strength, and the belief that the demand
for stocks was due to some hidden motive or
undisclosed information regarding SPANS IN
tentions, the general outlook was not con-
sidered promising.
The money market reflected the uncertain
ty in the outlook more accurately than did
the stock market. The exchange market was
dull and neglected, the further importation
of gold being largely dependent on the out
come of the controversy between the United
States and Spain. -.
The bond market was less active than
stocks, and prices showed a tendency to
sag throughout the day. Total sales, $l,775 :
600. United States new As registered and
the old As registered were II higher, ana the
Is Il higher bid.1- 5 am
The total sales of stocks today were 49, 6 2o
shares, includingil 1915 Atchison pfd, oSOlS
Burlington, 17245 L. & NJ, 23,OS5 Manhat-
tan, 1,120 Metropolitan, 1921 Missouri Pa
Pacific, 25,27O Northern Pacific pfd, 1880
Rock island, $50 lSk Paul, 1920 Southern
pfd, "A, POS Union Pacific, 6,7S6 U. P, D.. &
g.. II $3.50 Tobacco, 1880 Peoples Gas, Ill.,
500 Sugar. 1920 Western Union
The following were the fluctuations OF the
leading railway and industrial shares Iur-
nished by c. H. F. Smith Co., members
New York stock exchange and Chicago board
Of trade: