The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-13
GAINS IN MANY STOCKS
THOUGH THE BULK OF THE LIST
CLOSED UNDER THE BEST
QUOTATIONS
IRREGULAR RANGE OF PRICES
Stronger Among the Investment
Stocks Registered Advances u.
.. steel "a disappointment
to Hopeful Backers.


NEW YORK. April a2-Today's stock
compared with the excited dealings for
some time past. but an imposing ag-
gregate of business was nevertheless
transacted and there were considerable
fluctuations in prices. ~ the market was
extremely Irregular "a b. day, recovering
sharply from the aopening depression,
but yielding again before the close
which was heavy in tone and decidedly
below the best, but With considerable net
gains remaining for many important
stocks. Operations were of a highly
mantpulat1Vc character and seemed TO
have for their OBJECT to discourage the
selling of stocks. No very aggressive Ell
forts We're apparent to attract renewed
buying. demand. Fluctuations were by
no means so violent or so lev erish as has
been the rule OF late. There were some.
wide advances among high-pIiced in
Vestment stocks and some usually in
active stocks, St. Paul preferred 20, Cen
eral Electric 515, Consolidated Gas GU.
Brooklyn Union Gas and number Of
less prominent stocks to 3d. Specula-
ton continued active in the copper
stocks and Amalgamated Copper ranIed
strongly from Its opening loss, but did
not hold the advance We'll closing with
net rise OF only rs. kumors continued
conflicting regarding the status of the
Burlington deal. Ine stocks extreme
range was-SA, and it closed with a net
gam Of point Rock Island rose o1a
from lase nights price and closed with
utilities were all strong, apparently on
account of the liking of the date OF ad-
journment by the Legislature. The coal
ers also became strong, giving rise to a
SuppoSitlon that the udnger of strike
on the New Jersey Central mad been
ayerted. The market developed very
general strength after the opening weaK-
ness, which was due to some extent to
selling for London account, the deniaIs
of peace negotiations with the Beers and
the hardening OF the money rate in Lon
don serving to depress that market. me
recovery here seemed to be closely con-
nected with the more cheerful feeling
regarding the money outlook This was
not reflected in the money rate itself
until most Of the days requirements had
been met, when beIated lenders made
considerable concessions in the rate of in-
terest. 1t was asserted that large loans
were placed here for the account of Chi
cago banks during the day. The pre-
limlnary estimates of the interior cash
movement indicated that the balance
against New York for the week was IN
significant and New York exchange at
compared with 80 cents yesterday The
subtreasury was g. debtor today in the
clearing house to the extent of 81 1885, IA,
owing to large pension disbursements and
a payment OF $500}G0O made to the banks
on account of Philippine army expendi-
lures. The subtreasIiry has therefore
taken only 81, 600. CO. from the market for
the week and next week VIII see the nigh
level for the month Of the pension pay
mentS.
After the close of9bHsness on the stock
exchange announcement was made from
Washington that the secretary of the
treasury had purchased 81 ,0G00 900 of gov
ernment- bonds in this market. This,
with the calling ofsloans by the banks,
has resulted in the reduction OF the loan
averages, and will, therefore, have the
effect of making a much less unfavorab.e
bank statement than was apprehended.
With today's payment in London of the
lnstallment on the exchequer bond and
the conclusion of the stock exchange set
Element there. the course of the money
market in the next few days is awaited
to indicate it's true condition.
The heaviness Of the United States
! steel stocks was a disappointment to the
spectators, as they are basing hopes of
measures of protection against money
stringency by large financial interests
on the supposition that it is designed
to support the prices of these stocks.
The price movement Of bonds was ir-
regular Total sales par value 81, 955, :
600. United States bonds were all un-
! changed on the last call.
STOCKS.
| Furnished by Charles H. F. Smith &
| Co.. members of the New York Stock
Exchange. Pioneer Press building, who
| have direct wires to Chicago and New
| Icrk. Closing prices are bid: