The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-07

NEW YORK, March 6.-Conditions were
mixed and the movement OF prices was
very much confused on the stock ex-
change today. Sentiment is correspond
ingly conflicting among the speculative
contingent, The situation may be best
described as one of waiting on the part
of believers in higher prices. Those hav-
ing faith in a decline took advantage of
the hesitation of the bulls and~the en-
tire lack of outside interest IN the stock
market to make vigorous attacks at vul-
nerable spots in the markets. The results
on the whole were favorable to the mar
ket ley were very diligent in shaking
out stocks which were unprotected by
supporting orders and in offering them
down below price level where selling
orders were known to be placed in the
stocks for the purpose of saving losses
from any sudden decline. The sudden fall
equally sudden equivalent rallies gave the
key to the character of this selling
The furry in the rate for call money
In the late afternoon to per cent was
faVoring factor for the bears, but the
actual effect was very small. The early
tendency to advance in the railroad list
was checked by the rnaneuvers of the
bears and the more notable advances
We're about wiped out. The railroad list
yielded unwillingly and only to a Slight
degree, in spite of the very light demand
and a fair sprinkling of gains was re-
tanned at the close. Very earnest efforts
were made to weaken Sugar but the ut
most that could be achieved was three
point decline, offerings of stock being
comparatively light.
Third Avenue was strong, rising an ex-
IRENE 512 and imparting sympathetic
strength to the other local traction
stocks. The most notable examples OF
the bear tactics were furnished by the
international Paper stocks, the common
falling 43s and rallying 2H, and the pre-
ferred rs and rallying 4; Pressed Steel
Car, which dropped G1s and rallied D,
American Hoop, which fell 312 and rail-
lied IA; Standard Rope and its bond IS
sues, which were raided down from 21a to
S points with rallies extending from l to
nearly points, and Peoples Gas, which
fell IL. and rallied 2$sc.
Practically all the iron and steel stocks
were down from l TO points and many
recovered a good portion Of the loss and
there were other less striking examples
all through the list of speclaties.
In the railroad list St. Paul. Burling
ton and B. &, o. showed an extreme de-
cline of point or over but the net
changes in the railroads are small.
throughout.
1t is evident that the final disposition
of the financial bill by congress is await
ed by the bull contingent, who are gen.
orally confident that the provisions for
additional bank circulation will be en-
acted into law and will result in a not
able expansion of the currency. The
large buying of government bonds by ma
ticnal banks all over the country are the
grounds of this confidence. Meantime the
money market is working constantly
closer and the favorable factors in the
outlook are ignored, in the fear that the
available supply Of money will not bridge
the interval until the expected relief.
The bond market was dull, Total sales
par <~,Ie 81, 900. L. s. old As and 5s
advanced u, and the IS II in bid price.
STOCK QUOTATIONS.
Furnished by Charles H +. Smith s.
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: