The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-16
BIG Bulls Hold SWAY
MANIPULATION CON-
TLNUEs a FEATURE OF WALL.
TREEglN MARKET
SMALL FRY FOLLOW LEAD
Many Inactive Stocks Are Taken Up
and Roomeds: no the Proat of
the Strong Inside
ORerator.

NEW YORK. -ASTils 15.-It was plainly
to be seen today thse the influential as
sembiage OF PROFESSIONAL operators N
stocks who have lead the great bull mar
ket OF this year throughout were max
ing an alb. upt shift from the high-prtccd
railroad stocks into the indust. ial stocks
of all grades, down to many that are
in the stock exchange category of s'cats
and dogs" Very buoyant advances were
effected in many Of these, and the unfan-
ing of outside SPECTATORS which has
quickly followed this leadership for many
weeks past continued its doCile response
today. There was very fragrant marltp-
Ul2tion in the case of many OF these at
Yances, and in others there was very
large and apparently urgent demand
which argued knowledge of coming "a
vorable developments A very notable
feature of the market was that p-ofit-tak-
ing in the railroad list continued through
ties. Prices of the railroads were opened
high, helped by some speculative de-
tnaEd for London account the latter fac
ter being especially notable in Southe;
railway preferred But the opening
prices in the railroads or these mads
during the first hour proved to be the
highest in very many cases. Railroad
stocks generally show net losses on the
support them ut the last, lifting some of
them from the lowest. New Yo.k Central
had reached 1915 in the last hour, ana
was made to sell ~on the next and last
sale at 15212.. the closing bid dronning
back again to t51H with 1913: asked
BY far the most conspicuous movement Of
the day, owing to the enormous volume Of
Ohe dealings, was in Ama1gamated Con-
per. The stock fell back at Intervals ~,
proflt-taking after its wide opening AFT
III to 10, compared with 11S at Satur-
Jay close IN the final dealings it was
rushed up through flood of offerings
TO I24A, closing at the top notch Tiers
We're notable upward movements in All
the gas stocks. led-hy Consolidated Gas
afie e. hro9 9 Union Gas with advances
or 612 and IL points respectively. PEOPLES
Gas rose at one tirtA nearly : p1infs
There were gains OF AZ In MetroDo!ifaI,
Street Railway. 81 IN Sugar, az in Chi
Colorado Fuel, and a in Tennessee Coal
Other gains of to 61peints are accounted
Tor by such stocks as International PuuaD
Ie&as g Pacific Lapd Trust. National
Lead. American EinsAed Oil stocks Ma
ttonal Salt preferred, American Snuff nr,e-
ferred, Glucose and New York Air Brake
me only real notable advance in tn,
railroad list was IN the hign-priced coal
ers. Cleveland, &C. * ST. Louis wbin,
rose 4s, and Mexican National whirh
hfted rs on large buying Burlington was
at one time carried A21B undec Saturday,
and Rock Island So POINTS Call monet
dld not rise above 6 Her cent TODAY. and
eased off during the day Snecuiative
sentiment, however, is not free from mis-.
g1Vlngs over the future of the money
market. 1t IS to be borne in mind that
the lending in New York for account Of
Western banks, which has been a feat
IRE for several days past, Is e.ffeetrff@I1v
ara wing upon the New York denosfts Of
tAese banks. The result is to give the
penent OF the higher interest rate TO
the western banks rather than TO tha
ne new eHsf York banks yka* it is simply by
ford relief to etfe money ma rkaf Tbs
hlgh money rate here's sfrowqyer. has
checked the interior demand for cash
ana Inc rise In the New York exchange
rake at Sh1CagD to par, suggests the i'm
r IT. Of the return 6owstos New.TYorIx
he. Ehsettienaent- Of the London money
market pending the budget statement n,
parliament, which IS fixed for April IL
ana which IS awaited for light on the
amounts Of the new issue of consoIs is
an influence upon, money lenders in New
IGrk, ana, IN fact, all other money cen
tiers. The estimates of the anaonnf If
L Ida loan vary from $2560e9000 to $500 O00.-
geo.'r BUT IN any event, fhs Likelihood
IS presented of periodical nlorthIy calls
upon the London money market for Tho
4Ax a3s we've uanths for from $40 000, a01
:, The bond market was -strong@.s Mexican
central incomes being in notable demand
ana "a large business transacted on The
Union Pacific convertible tours. Total
safes: par value, $3.50, Geo. United States
Ola tours, registered, advanced "a. and
Ohlted states fOurS,z coupon, declined u
per cent on the last call
STOCKS.
Furnished by Charles H. F. Smith e.
Sc., members of the New York Stock
sxchange. Pioneer Press building, who
nave o1rect wires to- Chicago and New
4crk. Closing priEesf are bid: