The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-05-02

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NEW YORK, May A--Bu5 +ddsS % in the be
apathetic and so narr0Ss toqaS 5ad,,c I'd
stock market that little cal q - 6nen1
to throw light on the business D. -IIIe.
cial situation. Prices are, as
slightly higher, but about the only e.
PLANTATION to be offered is that room trad
ers in stocks proved unable to get them
down, in spite Of one or two incidents
rather unfavorabIe to values, and turned
preference to the long side in order to
get the requisite movement in prices to
offer any field for trading at all EYen
Sugar, although still absorbing a large
proportion of attention. became COMPARE
lively quiescent and limited its range to
a little over three points. The stock
moved both above and below last night
The failure of the Pennsylvania direct
oTs to advance the semi-annual dividend
rate proved ineffective 70 awaken the
market from its apathy The most posi-
tive assertions have been made in the
board room for many days that Pennsyl-
vania dividend rate was to be advanced,
and there have been heavy operations
on the bull side based on these asSer-
lions The slight weakness manifested
by the stock on the announcement Of the
regular dividend would be called forti-
tude in the market were it not so IN
mistakenably. Indifferent.
The preSumable disappointment over the
Pennsylvania dividend following the fail
ure of yesterdays rumors regarding the
Missouri Pacific dividend TO be realized,
had only the slightest effect on those
stocks. When the small bears had rath-
er timidly offered down Pennsylvania to
a fraction below last night without bring
ing out any appreciate sales, the whole
market took on firmer tone. Missouri
Pacific rose nearly 2 points. But whether
the market moved up or down, the small
professional traders waited equally to at
tract any following.
The closing was dull and heavy and
near changes were mixed. The local
NE,A, Ia
showed rather acute depression on ac-
count OF the judicial confirmation Of con-
stitutonality of the franchise tax law.
The republican iron and steel IS were
forced down sharply on talk of rupt-
ure Of relations with other combinations
in the steel trade. New York Air Brake
dropped IS points at the opening but later
rallied y. Long Island advanced to 77R,
compared with 81 on Saturday, on the
strength Of pending legislation to. author
iZe an East river connection between its
system and the outside railroad world.
New York Cent al rallied from ye te lays
depression on hopes of settlement Of
the threatened labor troubles.
A small shipment of gold was announced
to go by Thursdays French steamer.
The sterling exchange market was heavy
and reacted a fraction, but it Is generally
expected that large shipments of god
swll be made by next Saturdays steam
5ers.
The money market continues to work
easier, and the foreign banking houses
iaTe in the market seeking large loans on
foreign exchange collateral and offering
215Gt3 per cent for sixty DAYS.
The bond market was dull, and the gen
eral tendency was fractional. Total sales,
par value. 81, S95 900. United States refer
ence Is when issued advanced 81, and old
IS and 5s 4 in the bid prices.
STOCK QUOTATIONS..
Furnished by Charles H. F. Smith Sc
CO., members of the New York Stock ex-
Change, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid: