The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-16
GOLD BILL FAILS TO ACT
DEALERS IN STOdFxs WE'RE DIS
APPOINTED IN EFFECT OF
NEW LAW ON MARKET
SOME STOCKS WERE STRONG
Others showed Weakness, and
There Was Not the Anticipated
Activity-TIred Holders De-
sire TO UpIOad.

NEW YORK March 15.-The principal
interest in today's stock market centered
in Sugar. Third Avenue and Burlington
The rest of the market gave evidence of
some disappointment over the non-effect
of the currency and refunding law Prices
were sustained for time by the strength
of the three stocks mentioned and some
others less prominent. Burlington was
most consistently strong, and gave evil
dence of manipulation, said to be by q.
pool formed to Advance the stock. It's
extreme rise was 23s. 1t had the most
effect on the other grangerS, but served
as tonic on the whole Of the railroad
list
The iron and steel stocks as a group
were inclined to firmness on the conf
dence expressed by trade publications in
the maintenance of prices:
Third Avenue was feVeriSh and active
all day Its strength was attributed by
many to operations against a large out
standing short interest, and the stock
advanced at one time above 20, compared
with SO on a drive at the opening The
violent fluctuations in the price reflected
the doubtful and conflicting opinions OF
spectators in the stock. 1t closed with
a net gain of Us.
Sugar was not so erratic and did not
move over so wide a range, but its ex-
treme rise Of 49, after an opening de-
cline gave way to reaction in the late
dealings. and it closed practically I'M
changed.
There was a decided inclination to
throw over stocks by tired holders In
the late transactions, and the closing
was quite active and weak, the earlier
gains, except in few cases, being WHIP
ed out. Reading first preferred fell
sharply nearly points on the reports
by trade authorities of softness in the
anthracite market Peoples Gas was
also conspicuous in the late break.
The general expectation of a poor bank
statement was the underlying motive of
the selling. The rate for call loans was,
however rather easier than yesterday
ments. The prevailing rate was 5 per
cent, and loans were made at per cent.
New York exchange at Chicago harden
ed sharply to 10c- discount, compared
with 25c yesterday, and there was a
similar movement at other points. But
draft on the cash resources of the banks,
bringing its total withdrawals for the
week thus far up to 81, 273. 600. The re-
port of deficit IS bound to have an I'M
favorable sentimental effect in prices,
however soon relief may be forthcoming
from new bank circulation or the dis
bursement Of the government bond pre-
miumS.
London sold stocks in this market. APP
parently on account OF the conditions OF
the money market there, which are cali
ed stringent, and which the statement Of
the Bank OF England shows no prospects
of improving In the immediate future.
Business in bonds continued on large
scale but prices yielded In some portions
Of the list Total sales par value s.,
800 600 United States IS and new 4s de-
clined y. and the old IS and 5s Il In the
bid price.
STOCK QUOTATIONS..
Furnished by Charles III. +. Smith b
Co.. members of the New York Stock ex-
direct wires to Chicago and New York.
Closing prices are bid: