The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-30
DUHER Day IN STOCKS
EXCHANGE ATMOSPHERE WAS
RATHER OPPRESSIVE AT SOME
STAGES OF DEALINGS
TAKING OF PROFITS SLOWER
Market, on the Whole, Rather Dis
nppOintIng-StrenG Was Not
Lacking ina Some of the
Railroads.


Bar silver, New York sAljL...... .5SS So
Call money, New York ....4 $685.
NEW YORK, March 29.-The stock OK
change atmosphere was, rather oppressiye
during today's sessions and the offerings
TO take profits were absorbed with less
facllity than on previous days during this
week. No better explanation Of the re-
dictionary tendency of the market can be
round than the falling; off In demand for
stocks. There was some manipulation for
the decline, which was manifest among
industrials and specialties. and which
looked like the uncovering of stop-loss
orders. But in the railroad list there was
no indication of forced selling.
The profit taking proceeded apparently
In an orderly manner, and any consider
able recession In price led to a decline
in the volume Of offerings and a dull mar
ket; Stocks that have gone up the most
during the week were naturally most af-
fected, notably the transcontinental rail
roads and the Southern trunk lines
There was some indication OF positive
the coalers, the tendency in the latter
group being due to the rather disappoint-
ing February statement OF net earnings
for the Reading company.
There were not lacking. also points of
strength In the railroad list. The most
notable upward movement of the day
was in stocks of railroads in Central
TRAFFIC territory and what might be call
ed subsidiary Vanderbilt lines. c., c., c.
& st. L. led the movement, and 1t was
shared IN by Chesapeake &c Ohio, Pitts
and the New York, Chicago & St. Louis
stocks. The professed ground of this adj
vance was a conference of railroad Of
t1eiais IN this city looking to the enforce
ment of agreements to maintain rates.
The Atchison stocks, Louisville &
Nashville and some other less conspic-
uous stocks continued strong. Aside from
the desire to take profits, the halt In the
buying demand was due to apprehension
of the effect OF gloomy official outgivings
regarding prospects for future dividends
on the stock of the Sugar company A
sharp break in that stock at the opening
seemed to have very little effect on the
markets, but when It's weakness was
seen to persist sympathetic heaviness
developed elsewhere in the industrial list
and among the local traction stocks
There was no indication of stiffness in
the money market, but probably the re-
Taxed demand for speculative purposes
had something to do with this. The end
OF the month and of the quarter involve
some preparation to meet dividend and
interest obligations, and this factor be-
got some spirit OF caution about using
too freely the facilities of the money
market i'll speculation. The subtreasury
for the first time this week. gained a
small amount from the banks, and the
government institutions debit balance ct
against a daily average ST nearly a mil
lion heretofore this week. This symptom
attracted attention, Notwithstanding the
gain by the banks from the SubtreaSury
for the week still amounts to considerably
over million dollars
London continued to trade actively in
this market, but with much less influence
on sentiment than heretofore, owing TO
the knowledge that the purchase for the
accounts are carried to large extent by
money borrowed in New York
The bond market continued active and
for the most part strong, though there
were points of weakness in the list To-
tai sales, par value S. $4,000. United
States bonds We're unchanged in bid QUO
tations. si'c r..
sToCK. QUOTATIONS.
Furnished by Charles H. F. Smith 8.
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: