The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-15
70 REALIZE ON PROFITS
PROFESSIONAL ELEMENT IN THE
STOCK MARKET SOLD FREELY
OF THEIR HOLDINGS
sPECIALTIEs IN THE LEAD
Trading Again COnGested I'm That
Lane OF Securities - Most Com
spicuOus Movement OF Day
in Third Avenue.

Call money, New York ......412@6 3M
NEW YORK. March 14.-Today's stock
market was largely In professional hands
and trading was congested in the special
ties again. The professional contingent
who have bought stocks to discount the
enactment of the currency law sold to-
day to realize. Pressure from this source
was not heavy, but the demand for stocks
was so light that the dribbllng offerings
made steady inroads upon prices, carry
ing few of the standard railroads off
point during the course of the late trad
ing.
The movement OF prices In the special
ties was wider, due to special causes.
Sugar was sold from Boston. where Of
fers were made of the next dividend be.
low ~ per cent rate last December In
large amounts of stock. Brooklyn Transit
suffered from the refusal of the state
railroad commission to defer the quarter
ly report. The Rubber stocks felt the
unfaVOrable influence of the pleasant
weather, accompanied with stories of
large stocks to be carried over till next
season. Peoples Gas was sold afresh on
Chicago orders.
The most conspicuous movement of the
day was in Third Avenue, which sold
down to sc In the morning, but shot up
to Sc late in the day, after the publica-
ton of the receivers report, driving the
bears to cover with a scramble. The
stock reacted 31a and fluctuated fever
ishly, closing with a net gain OF five
points For the cost part the speculative
attitude is one of continued waiting fOI
the results of the new financial law to
manifest themselves.
A feeling of doubt increases that, how
ever prompt may be these results, they
will not avail to Offset the continued
drain during the week on bank resources
in time to effect the Saturday bank state
ment. This being the case. that state
ment IS likely to show surplus reserves
practically wiped out Tomorrow Is this
date set for the disbursement of quite
large amount of dividends, including that
Standard Oil company. The dividend
alone will amount in the aggregate to
500, 900, Co., Several million dollars addt-
tional will be disbursed as dividends Oh
various stocks This may reasonably be
expected to have some effect on tomor.
rows money market Today rates for
money were firmly held but bankers
were eager to place loans for the longer
periods, while borrowers, were unwilling
to bid for any but short time loans,
clearly rejecting the expectation Of
easier conditions near at hand Feb
ruary's record Of experts of mer'
chandise attracted attention as going far
to explain the recent heavineSs IN ster-
ling in face of large demands upon the
market and as promising to make the
current fiscal year a record one in the
country foreign trade.
Buying Of bonds continued on large
scale, at advancing prices. Total sales,
par value. $S,035.00O. U. 8. new As de-
clined y and the 5s u in the bid price.
STOCK QUOTATIONS.
Furnished nv Charles Fl r Smith &
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: