Marietta daily leader. (Marietta, Ohio) 1895-1906, 1901-03-02
PRESSURE RELAXED
Against Steel Stocks and They Showed llR-
equal RecOverles.
BY Associated Press /.

BY Associated Press.
New York March The pressure
relaxed against steel stocks in to-day's
market and they showed unequal re-
coveries. This had much to do with
the better tone of the stock market
National Tube was most affected with
rally of 31s, and Steel and Wire is
about points higher. Other mem
bers of the group gained between / and
points
There was marked decline in spec
ulative interest in some departments.
Realizing in ST. Paul on stock privel-
eges carried it down point but later
it scored full recovery. After the
turn in the market had set in large
buying movements developed in Il
number of indivual stocks or allied
groups of stocks. This was most no.
table amongst the Gould southwest
erns and Wabash issues. Extreme
advances ran from to 2A.
There was an active demand for Su-
gar all day at an extreme advance OF
Az.
In addition good gains were made
| by a number of stocks not usually
prominent in trading.
There was late upward movement
in Southern railroad stocks on the
large demand. In spite of this. how.
ever, the closing was barely steady.
The total sales was 773.400 shares.
The bond market was moderately ac-
tive and irregular. United States re-
funding rs, coupon, advanced 1s per
| cent.
BRADSTREETS REPORT,
| BY Associated Press.
New York, March 1.-Bradstreets S
says: Trade reports from distributive
centers in the west continue encourag-
ing, while such measures of trade vol
ume as bank clearings and railway
earnings indicate considerable gain
in business over a year ago. Soft
spots are to be found. notably in the
manufacturing branches of the cotton
and wool trade. but advices from dry
goods and clothing distributors are
encouraging and, it is thought, will
help business.
A revival in export trade in cottons
is noted among the encouraging fea-
lures. In the northwest cold weather
has to certain extent retarded spring
trade preparations, but the agricultu-
raj implement trade is reported barely
equal to year ago, at Minneapolis.
The strength of Iron and Steel this
week recalls the boom of 1899. 1t is
probable, too. that the broad and
strong consumptive demand and not
the operations of pools or cliques Is
responsibility for the steady advances.
Practically all markets report iron and
steel higher but special activity is not
ed at Pittsburg, Birmingham and Chi
cago, St. Louis alone reports foundry
iron consumers Indifferent.
In finished products the feature is
an advance of $4 per ton in steel sheets
at Pittsburg and Chicago. All mills
are reported well supplied with orders.
good movement to other countries is
noted.
Shoe traders are active and man
ufactuers are busy. New England
manufacturers are assured of busy
demand from now till October. Lea
ther is advancing.
Cereals are without notable change,
wheat and corn being fractionally low
er in dull scalping market.
Lumber is strong in price, pending
the resumption of general bilding
operations.
Copper is less active for export but
holds firm, while tin is again lower on
weaker foreign advices.
Failures in the United States for tn
week number 167 against 221 last
week and 173 the week year ago.
Canada failures are 2S. against 23 a
week ago, and 29 in 1900.
Reported by Charles r, Richardson
prokar 177 lN..opt ctraat