The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-22

Bar silver, New York. ...... GO5s 601
Cali money, New York;. 21A-3 2H-3
q -
NEW YORK, March 21-The heavy
selling by SPECTATORS to realize, which
carrie! the whole yIpagket down yester-
day, was checked today, and there were
general recoverieS and a showing of net
gains for the day in a majority of cases.
There was continued pressure on the
market at the opening of business, and
it was emphasized by the depression in
the London market on account of UNI
easiness over the Tien Tsin affairs and
fears of harder money there. But there
was renewed buying OF some stocks OF
such PROPORTIONS and conducted with
such confidence as to disco urage the sell
ing and the subsequent rally was helpe
by the demand from quite an extended
short interest left uncovered after yester-
days operations for the decline. The
speculative leaders were very active In
their efforts to cause resumption OF
~ prevailed. They were only partly
successful, although they had the assist
ance of a report late in the session that
the Anglo Russian difficulty had been
settled. A number of stocks We're fairly
buoyant during the day, and others
were markedly strong, but the advances
We're not all we'll held and there were
frequent reactions after the recovery had
set in. Burlington was in demand from
the shorts, and there was a combined
upward movement at one time in the
grangers, Pacific. and Southwesterns
Heavy realizing met this advance and
the case of Missouri Pacific, in the up
ward course. The Fries were the con-
spicuous feature of the later market, and
were lifted from 215 tot points the lat
buying. Recent current reports of early
dividend action were all revived The
Wabash securities were in good demand,
the preferred rising IL over last night
The n the Fries a
the eoalers. Sugar shot up 31k points,
and Peoples Gas ana Tobacco had their
periods of strength. Y The International
Paper stocks wereI very strong, rising
2A@A for the common and preferred.
National Salt gained-4A and the pre-
ferred 7. There was Quite a long lisl OF
minor railroad stocksS which moved up
from l to 7s, incfadtng Chicago Great
Western, and the preferred. A, the Chi
cago, indianapolis & louisville, the Iowa
Central stocks, the Minneapolis & St
Louis stocks, the Lake Erie & Western,
Peoria & Eastern, and the New York,
Chicago & St. Louis stecks. North Amer
lean advanced 81 0reIa last night. Anal
ganlated Copper was lstrong on the reg
ular dividend declaration. The steel
stocks were decidedly quiet and moved
narrowly, but recovered to: some extent
from early heavinessy3 Notwithstanding
this quite impressive Showing of strength
there was no appear?asnce of the move
market at times .quTfng the last few
days. The weakness bf Brooklyn Tran
sit had somewhat unsettling effect, and
American Snuff preferred broke Az. That
there is some latent uneasiness over the
money outlook is shown by the eager
discussion of the possibility that the Sec
rotary of the treasury will redeem gov
eminent bonds and thus benefit the
money market. The. excess of govern.
ment receipts over expenditures thus far
this month is only about half that fol-
the, corresponding period of last year, but
it was not until after March IA that the
heavy disbursements on account of pre-
miumS on refunding bonds began last
year, and it is beginning to be perceived
that the money market will keenly feel
the lack of some such source of replen-
1shment this year. The possibility of
war between European nations draws
attention to the International exchange
situation. ~Todayts discount Rates hard
ened in London again. and sterling ex-
change here rose to' a3higher level while
call loan rates ruled from 21a to 3 per
cent. t8ac rs{
The railroad bonds market continues
very active, many new issues coming
into prominence today, The price move
ment,r was Irregular. Total sales, par
value, 49, 255, GOO. United States refundfng
Is advanced h, and old As declined IL
per cent on the: last CALL; le1a.ee,s
rs STOCK Quotations. ss
Furnished by Charles H. F. Smith g.
Co., members of the New York Stock
exchange, Pioneer Press building, who
have direct wires to Chicago AMI New