The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-02
STOCKS HAVE An Up TURN
THE GAINS WE'RE WIDESPREAD.
TROUGH NOT INCLUDING THE
ENTIRE LIST
STEEL GROUP rs MARKED Vi
Advances Ranged aFrcm L Point to
. to- an Extreme of 3 I-2 I'm Ma
tiOnaI Tube-Some Rail-
roads Also Gniners.

Prev.
Bar silver. New York. e.... STA SiM
CAN money. New YoEkcs..... 1872
NEW YORK. March 1!-Pressure was
relaxed against the steel stocks IN to-
days market, and theygscored UNEQUAL
recoveries. Probably this had as much
to do with the better tone of the STOCK
market as anything that could be cited
National Tube was the most affected.
with a rally OF 312, and Steel & Wire is
about two points. Other members of the
group gained between ! and points,
There was marked decline in specula-
tive interest to this department of the
stock market, incident to the completion
of the process of adjustment of prices to
the conditions disclosed early in the week
of the steel merger. Until this condition
in the steel stocks had been fairly dis
closed, there was more or less heaviness
In the general market. Realizing in St
Paul on the stock privileges carried II
down point, but it was well supported
at that level. and later scored a full re-
coVery. After the turn in the market
had set In there were large buying move
merits developed in number "a individ-
ual stocks, or allied groups of stocks.
Thiswa most noticeable among the
Gould SouthweSternS, including Missouri
Pac11c. st. Louis Southwestern. Mis-
souri,, Kansas & Texas. and Wabash The
extreme advances here we're from l to
~, the latter in Missouri Pacific and
21R in st. Louis Southwestern preferred.
the large earnings which are being
reported by the railroads in that region.
There seems tc be lingering belief also
among traders in old rumors Of South
western combination There was another
pronounced movement, in the roads which
carry hituminouS coal to tideWater.
PENNSYLVANIA. Baltimore & Ohio, Chesa-
peahe & Ohio. and Norfolk & Western
arply lifted by this demand It was
supposed in the board room to be for
account of Pennsylvania road interests
in extension of the holdings of that com
pany III those roads, Burlington Rock
Island, and the Chicago Great Western
stocks reached period of strength and
the gas group, including Peoples Gas,
Consolidated and BROOKLYN Union. we're
advanced in concert egFherc was :. sol
demand for Sugar aHaday There were in
addition. good gains. made by a num-
per OF stocks not usually prominent in
the trading, such ass the American Lin
seed Oil stocks, International Power,
Cleveland, Lorraine & Wheeling; Toledo,
st Louis & Western Evansville & Terre
Haute; Chicago. -PeTsnliral Transfer and
Texas Land Trust, IN switch the .ad-
vances ranged frorni1 to points, Not
WithStandiHg the advantage of this very
considerable show of Strength in special
stocks, the condition Of the general mar
ket remained quite apathetic and moved
only slHgeishly upward in sympathy
with the general market. In spite of the
late upward movements In Southern Rail-
way oSOthS VI. htISG OSItlduu, the 'etOS-
ing was barely steady, The continued
ease Of the money market detracts from
any aprrehensjons over ,tomorroWs bank
statement. which is expected to show
decline in cash reserve, OWING to the alb
sorption of over $3,0eO,0e0 by the sub
tire asury this week
Money still moves toward New York
from the Interior. although New York
exchange at Chicago has declined stead
lily to 80 cents discount. The London
money market relaxed today with the
releases of money tied up by month
end requirements, and sterling exchange
here eased off In response
The bond market was active and irreg-
ular. Total sales par value, So, 900.
United States refunding rs. coupon. ad-
yanced Is per cent on, the last call. =.
81 e+ STOCK QUOTATIONS. 49,
Furnished by Charles H F. Smith &c
Co., members of the New York Stock
Exchange, Pioneer Press building. who
have direct wires to Chicago and New
York. Closing prices are bid: