The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-04-05
BIG PROFITS IN STOCKS
DESPITE REALIZING THE MARKET
WAS RATHER STRONG AND
ACTIVE ALL DAY
NO DEPRESSING FACTORS
Prices Were Well Maintained Com
sidering the Deals Involving
the Taking of Profits by
Spectators.


Bar Silver. New York; .....>.... 599s 5Sh
Call money, New York. .SQ4 21s
NEW YORK, April 1.-The stock mar
ket again reflected strong buying power
today, orders for stocks coming from
widely separate sources, both by cable
and telegraph. The demand showed a
tendency to converge on few Stocks
and strength was shifted from one group
to another. Prices turned back from the
highest level in the case of all the active
Stocks under the influence OF pront-tak-
ing by the professional room traders on
the days advance. The sustaining force
of special stocks was also aVailed OF to
take profits on stocks which nave al
ready enjoyed a notable advance. The
market was almost entirely reviewed from
any depressing factor In the shape OF
positive weakness in individual stocks,
though some pressure was brought to
bear on Federal Steel and on Peoples
Gas. The weakness Of Federal Steel had
by no means as much influence as h1ther-
to during the week. The net results Of
the days trading Is a substantially high
er average of prices and an important
digestion Of realizing sales. without any
material harm being done to prices.
The movement-in Pennsylvania was the
most impressive of the day, owing to the
very extensive trading and the large
individual transactions which marked 1t.
No special news reached the public to
account for the movement, and 1t was
generally attributed to the increase Of
funds made available for stock market
use and the accumulated evidences of the
prosperity Of the company. Its recent
investment in the stocks of Baltimore 81
Ohio, Chesapeake & Ohio, and Norfolk &c
Western, besides the advantages given in
the extended control of possible COMPETE
tors, evidently insures good direct re-
turn Of the outlay in the shape of diVi-
dends. 1t is said that part of the special
stock issue which was offered to the
stockholders at par, which was not taken
up by the privileged stock, has been
rlS ed ba Of hn n
market rate. The premium created by
this stock would thus revert to the
treasury of the company. Reasoning by
analogy therefore. in the case of the
Pennsylvania Company, many rumors
are current in the stock market of move
ments towards consolidation or absorp-
ton OF railroads in New. York Central
territory. One such, alleging the passing
Of control of the Erie, Reading and Lee
high Valley to New York Central was
denied by Reading officials. and the ear
ly strength of the stocks affected gave
way to sharp reaction
The rise In Chicago. indianapolis and
Louisville and Lake Erie & Western is
due to the prevalent belief in the general
policy of extending control and influence
on the part OF the great trunk lines. The
marked strength of the Pacific stocks
was largely due to demand from abroad,
the buying for London account again as
Stunning important proportions. ST. Paul.
on the fourth week statement of earn
ings and several other railroad stocks on
good earnings, were points Of strength,
and Sugar. the local traction stocks and
Tobacco showed good advances Realiz-
ing was heavy in Baltimore & Ohio, Peo-
pies Gas, and on a lighter scale in the
Atchison stocks and some others The
final reaction of point in Pennsylvania
from the level checked the activity of the
market, and the closing was dull and
barely steady.
Business in the bond market was on
a very large scale, Reading general IS
pelng taken in round amounts. The buy
ing was generally widely distributed and
prices advanced. Total sales, par value,
S5,Zl9,0O0. United States ref IS W. t., So
reg, old as and 5s declined u in the
bid price
STOCK QUOTATIONS.
Furnished by Charles IL. f. Smith g.
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: