The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-05
SNAIL TRADE N STOCKS
MANY BROKERS WERE ABSENT
FROM THE NEW YORK STOCK
EXCfANEsE
PRICE TENDENCY is UPWARD
Speculative Interest Was Lacking,
but the URdertone Was Firm,
Many Stocks Register
ing Advances.
Bar money, New York .........ei 81
Call money. New York .s... 81

AMl Prev
Close. Day.
Bar money, New York ........ 81 81
Call money. New York go. 90
NEW YORK, March A-Business was
conducted on the stock exchange TODAY
with great decorum and sobriety of de-
meanor, in strong contrast to the wild
and feVerish activity that prevailed up
to short time ago. Gle attendance OF
brokers on the floor was small enough in
itself to Indicate the decline in activity
and in interest in the market Special
trips to Washington to witness the in
auguration accounted for the absence of
some, but a great many brokers are
away on extended vacation trips, after a
period Of activity never before eaualed
in the history of the stock exenange
The expected departure at an early day
of the central figure in the recent enor-
world adds to the common feeling that a
period of qufetude is likely to intervene
in stock market speculation. 1t was in
accordance with this quieter condition Of
sentiment that what might be called
more substantial considerations ruled in
the days trading, such as the showing
of earnings, the trade outlook for GER
tain stocks, results of financial adjust
ments and the like. The most conspieu-
Gus movements Of the day were the
stocks of the municipal gas companies.
especially those of the Greater New York
Consolidated Gas was carried up to
20l1a, with an extreme advance of 51I,
while Broolyn Union Gas rose no less
than 119s. Dealings in both stocks were
unusually large. The strength was not
explained by the news but gave rise
to rumors of consolidation. Peoples Gas
advanced point and Laclede Gas 215.
influenced by that indefinable sympathy
which affects stocks of the same class
in speculative movement. The local
traction stocks were also drawn into the
movement, after some heaviness in
Brooklyn Transit, and, they were rallied
from IA to points. A number of other
high-priced Industrial specfaIties showed
marked strength, General Electric ris. ng
4, with reaction OF sand "a National Salt
preferred gaining a. There was a very
heavy absorption of AniafgamatedGo Copper
all day, offerings being taken with con-
fidenee up to par, ane4ltrelne rise of AZ.
The smelling stocks rallied Shar II f~0 n
an opening break on covering by shorts
upon the news of a legal point lost by
the opposition to the proposed merger.
The tidewater soft coal carriers contin-
ued in demand on account of the large
business done in anticipation of a COM
ing Increase in freight rates. There Were
points of strength alb Through the rail-
road list on the almost universal reports
of increase in earnings, tlargef traffic and
| good rates. The grangers. Pacifcs and
SouthweSternS all enjoyed good adj
Vances, Rock Island and Union Pacific
were also in good demand. The steel
stocks were higher but they We're with
out any sensational feature. rhe pubIi-
Cdllon OF the z0fIlCla1 ClgGular giving the
details of the anciafsaErangement pro-
posed for putting through the eensolida-
ton was disregarded, as the preliminary
gossip had pretty accurately forecasted
them, y. %3t so75S4es
The continued ease Of the money mar
kket precludes any acute apprehension on
that score although, it is not expected
that credit facilities in, New York viii be
expended in the next few. weeks. n,,;
There was a good demand for railroad
bonds. with, some irregularity iip, price
changes. Total sales. par value. $3.50.
Oe0. ,s,...'.,'.,..
United States new As coupon, declined
Is per cent on the last call.
STOCK QUOTATIONS..
Furnished by6Charles H. f. Smith q
Exchange, Pioneer Press building, who
have direct wires. to Chicago and New
York. Closing prices, ares bid: ~ 92sz
80 >t M t's3 . CIosinc-