The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-07
GOOD Stocks MARKED up
NOTABLE DEMAND IN WALL
STREET FOR HIGH GRADE IN
VESTMENT SECURITIES
SPECULATIVE ISSUES WEAK
Boom in BurlinsfOne Shares on Re-
ports of Coming absorption by
One or Other of the Trunk
Line Systems.
s IN


Bar silver, New York. .......... .6lis 6lIs
can money New YlQhk 20
NEW YORK, March, 1.-THE character
of todays market for stocks was yerv
similar to that of yesterday. Absorntio1
or railroad stocks gofssa high grade nv
buyers of abundant resources and of q
substantial kind WeptC.on side by side
with wide fluctuations in some of the
highly speculative SpeciattieS So far as
the railroad department was Concerned
ACTIVITY was shifted. to some extent from
these stocks which We're most prominent
yesterday A notable feature of the
market was that 1t did not really re-
Spond with upanimity, at any time To the
Also in those stocks which did nor i'd
vance the strength was not simuItan-
eous. Apparently tho demand for one
stock would be largely satisfied before
buying was taken UP IN another Dur
ing the latter part Of the day there was
abundant evidence OF large profit ia kim
stocks which had been strong early in
the day fell back materially. and nlarly
usually prominent stocks which We're NOT
notably active today were allowed 10 fan
back below last nights level. Neverthe-
less the days gains are very striking
both by reason of the character of the
actions and the extent of gains In them
Yesterdays late movement in Burlington
was continued at the outset this morn
ing, and the stock was carried I'D 2SS To
l5oi2, a record price. The strength OF
the stock was due to the fact that large
competing railroad interests are admit
tedly buying the stocks, professedIy for
investment, but, according to the Wall
street Interpretation, with possible view
to consolidation, or at all events to the
extension Of 4 community of interests
6nlon Pacific, Northern Pacific and
PENNSYLVANIA were all said to be inter-
eSted In the buying. - The Baltimore e.
Ohio railroad stocks continued to show
conspicuous strength, the common ad-
Cir1Cr y
was also a striking movement in Atchi-
son preferred, which carried it IN 3
points. The common stocks of this road
Union Pacific, Southern Pacific and Lou
strong. The later ;n}pemcrt OF the dar
had some appearance OF manipulation for
the purpose of sustdif:ing the market
while profit taking FaS in progress else
point OF more freInEthe best prices of
many Of the stocks. eHhere was a long
list OF stocks OIL SmtEsf railroads which
were moved up all thetWay from a point
transactions, and closed with a net gain
of 6&4 Among the in1ustrials AmaIga-
mated copper and iSiiger claimed the
largest share Of attention.. The former
opened down ia on eports of renewal
Of antagonistic measures in Montana 1t
was strongly SUPPORTED and was rallied
n at one time. but ins the late dealings
1t broke below 101. and CLOSED with net
loss of ~ Sugar vas forced under last
night for only brfef-period and after
varied hucJuat i01so Closed with a net
gain of 15s. The steel stocks continued
much neglected and heavy IN tone The
formal STEPS toward the completion Of
measures to insure the exchange are still
in progress While the new securities
thus remain non-e5 istent, operations in
the list are hampered. The siIbtreasury
has taken nearly s., 100000 ffoka the mar
ket since last Friday and bankers report
that the turn Of the tide of the interior
money to New York is at hand. Call
money shows a tendency to work some
what closer.
The railroad bond market continues
active, and prices generally higher Total
sales, par value, Sa,0SG 09a.
United States 3s re gistered, declined 4
per cent on, the last cali.
STOCK QB0TAsrIoNs
Furnished by Charles H. F. Smith &
Co., members of the New York Stock
Exchange, Pioneer Press building, who
have direct wires TO ChicaSn ana NeW