The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-12
FEN STOCKS ARE ACTIVE
IRREGULAR MARKET IN WALL
STREET-POOR WIRE SERVICE
CURTAILED SPECULATION
JIM HILL IN NEW YORK CITY
Presence of the Great Northern
Magnate Sends the stock Up
Six Points on RumOr of
impending Deal.

NEW YORK. March 1.-THE market
was dull one in spite of large transac-
lions and wide price movements in
some individual stocks. The inertia of the
or activity gave the whole a very Spotty
appearance. Professional operations were
responsible to large degree for such
dealings as occurred, and for manipu-
lation, which exaggerated the price move
ment. Where professional manipulation
was not at work the days movement will
De seen to have been very sluggish, not
a few small losses being recorded even
among stocks which usually present a
firm front to the market. Interruption of
Geographic communication on account of
the storm curtailed activity to some ex-
tent. OF the days special movements
that in Burlington attracted the most at
tention. st. Paul sold ex-rights this
morning, rights. being quoted at 412@4N,
reducing the price to $50 or under. This
gave supporters Of Burlington an oppor-
tunity to lift stock over ST. Paul, to
l5lh. a rise over Saturday of 2as. The
Grafton that Burlington has had it's
rights to subscribe to new stock, while the
dividend rate is already per cent, with
per cent rate for st. Paul still to be
established. There was no news regard
ing the stock beyond the old rumor OF
refunding. There was an early decline of
4 per cent in sugar on account of 4 cut
in the price of refined sugar The stock
rallied and closed the day unchanged.
Great Northern preferred was marked up
points in connection with the presence
In this city of President Hill and rumOrS
that a melon is to be cut. Amalgamated
copper was strong. Dismissal of the in
junction proceedings against the absorp-
ton of Guggenheim interests by Ameri-
can Smelling company caused a rise in
the stock of 1G112 for common and 2 for
preferred. A realizing movement at the
last hour cut down these figures some
There was q very large absorption of
bonds, especially low grade and semi
speculative issues with contingent inter-
est payment. Total sales, s., $50, 200.
United States refunding Is advanced "a
FOREIGN FINANCIAL. - New York
March 1.-THE Commercial Advertisers
London financial cablegram: Impending
settlement tomorrow had dampening eI-
feet on market. Dealings slack in all de-
paltmentS and dull, partly on report that
negotiations with Gen. Botha have prov
en- abortive. American stocks quiet
Fries and Readings wanted here on news
that companies offered to maintain wages
of their miners.
NEW YORK MONEY-.New- York.
March n.-Money on call. 21a per cent;
prime mercantile paper. 31a6D4A sterling
exchange. steady; bankers bills, $4S73s
at sixty days; posted rates, 81. S51al14 .SS1h;
commercial bills, $4.S3A@4S3sz; bar sill
yer, 6O7sc; silver certificates, 6112@6}c;
Mexican dollars 47c; government bonds,
irregular refunding twos, registered, 1865;
coupon, I05&; threeS, registered and cou-
pom, III; new fours registered and cou-
pom, 1871: olds, 113 and la; f1ves, lily.
BANK CLEARINGS.
ST. Paul-S700, 40
Minneap olis-$1, 35S, S82
Chicago-$23, 136.0T.