The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-04
STOCK PRICES GAIN.
SURPRISING BUOYANCY IN GRANGER
AND TRANSCONTINENTAL
RAILROAD SHARES
ST. PAUL Is IN DEMAND
General List Continues Neglected
and Irregular, With Obvious
Profit Taking Going ON in
Many of the Securities.

NEW YORK, April 3.-The granger and
trans-continental railroad stocks devel-
oped surprising animation and buoyancy
within a few minutes of today's closing
dealings in stocks and were rushed up in
a sensational manner, which preclp1tated
an eager scramble amongst the bears to
cover, thus accentuating the rise. Prev
ious to that time the character Of the
market had been much the same as that
prevailing for a long time.
There was a rather notable demand for
st. Paul, but not greater than consistent
with the recent tactics of professional
pools in support of some one leading stock
for effect on the rest of the market. The
general list continued neglected and ir-
regular, with obvious proft-taking going
on in some of the stocks which were
strongest yesterday or in the immediate
past. The great mass of securities made
no perceptible movement either way.
About midway of the session there was
a fairly comprehensive upward move
ment in the Vanderbilt stocks which
seemed TO be prompted by the persistent
strength Of the Chicago & North Western
and the Chicago, ST. Paul, Minneapolis &
Omaha stocks The most conspicuous
movements were in stocks of minor rail
road companies which might be available
for absorption by larger systems or for
combination into competitors with the
larger systems.
Small Industrials Go Up.
There were new points Of strength
also developed among the small indus
trials which are usually little heard of
in the stock market, in some cases by
reason of the cloSenesS with which they
are held for investment purposes. The
demand for Hooking Valley continued
very large, carrying it up six points, the
nraforra6 rising az CLEVELAND T.nraina r
Wheeling. 61a, Kanawha & Michigan 224,
and Ann Arbor preferred 4. These stocks
seemed to be influenced in sympathy.
The New York dock stocks rose about five
points each American Telephone & Tele-
graph advanced 1912 on the reported large
increase in the instruments outstanding.
There was a long list of gains running
from a point or more, some of which were
simply recoveries from depression of yes
terday
At the same time Amalgamated Copper.
Colorado Fuel, United States Leather
preferred and the minor steel stocks were
rather acutely depressed by realizing
sales When st. Paul reached the later
stages of its advance, it encountered
blocks of offerings running up to 1900
shares, but rose steadily through them
all to 1895. -
st. Paul Gains Four Points.
The stock closed practically at the top
with a gain Of four points. Chicago &
North Western shot up IA, the preferred
11H, Chicago, ut. Paul, Minneapolis &
Omaha II and the preferred A. 1t was
not until within minutes Of the close
that these movements produced any ap-
preciable effect on the general market
At that time the Pacifics and the South
western generally spUrted up from one
to two points over last night
The market closed very active and gen
orally strong, though the response had not
been notable outside l. the stocks men
toned and some of the specialties con-
tinued to drop. There was no change in
the general conditions affecting the specu-
latiVe situation.
The bond market was not very active,
but there as a well distributed demand
Total sales, par value, $3,620,C00.
United States bonds were all unchang-
ed on the last call
Stocks.