The Saint Paul globe., 1900-04-13
STOCKS IN WAITING MOOD
PROLONGED HOLIDAY HAD IT'S
EFFECT UPON THE TRADING
OF THE DAY
MISSOURI PACIFIC In LEAD
Most Notable Movement of the Day
Was In That Stock. .-IndustriaIs
Seemed IndeReltaents0 of the
General 81 K ed.
MISSOURI PACIFIC m LEAD

close. Day.
cah Money, New os& e.. g.. sss@4 Ss s9ss
NEW YORK, April 12.2The fact that
today's adjournment 9ef the stock exZ
change was to be until next Monday, and
that OF the London srtehange until next
Tuesday, prompted the Closing up of spec
ulative contracts today. Professional
traders are averse to Keeping open con-
tracts for 50 long period at any time.
and at this time especially they have in
mind the varying possibilities Of the war
in South Africa, the war In the Sugar
trade, the showing to be made by the
weekly bank statement on Saturday and
the possibility Of gold exports by Satur-
days steamers.
AS realizing has been going on to large
extent this week. most of the uncovered
contracts were on the short side, and
the demand to cover was an important
factor in rallying. prices. In addition, the
pools. which exist in q number Of stocks,
adopted aggressive tactics for an advance,
taking advantage OF the disincIination of
the bears to extend their Commitments
on the eve of the holiday,
After the demand from the shorts had
been satisfied; the pool manipulators be-
gan to find themselves alone in bidding for
stocks, with steadily augmenting bur-
den of realizing sales, as prices reached
the higher level. The process of bidding
up prices was therefore discontinued, and
the market lapsed into comparative dull
ness and sluggishnesss
The industrtals moved quite independ-
emily of the general market, and none of
them occupied very conspicuous place In
the trading -
The most notable movement of the day
was that in Missouri Pacific. which. on
buying alleged to be fors manipulative
purposes. was carried up nearly four
points and closed at the top. This had a
sympathetic effect on the other members
Of the Southwestern group Union Pa
cific was very heavily absorbed and was
carried up to co. the other .transcontinen-
tai lines, including thte Atchisons. re-
spending In sympathy. The Baltimore &
Ohio stocks and the Norfolk & Western
stocks rose conspicuously, the former on
very large dealings and with well sus-
talned strength.
The grangers were comparatively quiet
With the exception Of the Baltimore &
Ohio and Missouri Pacific. gains were not
we'll maintained, and the closing was de-
cidedly unsteady and below the best
The industrials, as rule, were heavy,
Sugar, Peoples Gas,W Federal Steel, the
Steel and Wire stocks and other stocks Of
the steel group showing acute weakness
at different times. ~ :. se,
Third Avenue shoWedsthe effect .ofsdis-
appointment over thetsfms of the lease
to Metropolitan Genern Electric was an
exception, and enjoys a net gain of 314.
There was moderate activity. and
strength in the bond market. Total
sales, par value, 50, 100000. United States
3s, registered, declined Is In the bid price.
STOCK QUOTATIONS.
Furnished by Charles III. F. Smith &
Co., members of the New York Stock ex-
change, Pioneer, Press ldings who have
direct wires to- Chioagb& and sSeW YORK.
Closing prices are bid: