The age-herald., 1902-03-19
TRADING WAS IN RARELY ACTIVE LIST Now and Then a Buying Move- ment Would Develop, DECLINES ON REALIZING Aside From the Wheat and Money Markets, the Days Movements
 Were Due Entirely to ln-
 dividua Cause.
DECLINES ON REALIZING

New York, March 1S.-The recent char acter of the stock market was not mate rially changed today. Speculative incur sions into the field of the unusually lm- portant stocks were few and desultory in character. Now and then seemingly buying movement would develop In some stocks that has been occasionally mar ket leader in the past, but the actiVlty would as suddenly subside and the deal ings revert to some rarely active stocks The high price specialties continued in favor today and number of low price in- dustrials were also bought up to a consid- erably higher level.
 The minor railroads were less conspi- cuous although few of these continued to show wide movements. There were declines on prot takings in these classes as well as the strong new points, The most conspicuous movement of this kind was in North American which Jumped about in an cratic manner in the courts of a sensational advance of 1414 points on unusually heavy dealings. The move ment was without explanation beyond the long time gossip of the company's com rrehensive charter rights for the purpose of some great consolidated scheme. Other stocks not usually prominent which show ed striking advances were American and Continental tobacco preferred. General Electric Pullman, Colorado FueI, Am erican Mating preferred; American Cot ton Oil, Chicago Union Traction, Interna- tional Pump and Rutland Railroad pre- ferred. Among the more prominet stocks the Amalgamated Copper continued active of hn decline Much of the buying was attri-- buted to the demand from shorts to cover. Sugar on the other hand was reactionary on account of the dispute over the reduc- ton of the tariff on Cuban sugar.
 An instance of the disposition to take profits on good news was the selling of Pacific Mail on the passage of the ship subsidy bill by the Senate. Lackawanna made a characteristic advance of points, but the gains otherwise ranged between l and points. The moderating of the weather in the west had some influence in causing higher prices, although the late rise in the wheat market somewhat modified this influence. Aside from these cases the movement of the day was al- most entirely due to the individual cause. The condition of the money market was quiet, and there was belief current among speculators that the distribution of the Standard oil dividend furnished the resources for a good deal of buying. The payment on Friday next of the Uni ted States Steel common dividend was looked forward to with hopes of a similar influence. There was very little actual change in the condition of the money market. The slight relaxation in the tone of call money led to a firmer tone in sterling exchange, and the fall in the sterling rate at Paris was also an in- dex of pressure towards the gold export point again. The large bond redemptions forced by the treasurys notice of sus- pension of it's offer has given the banks a good gain from sub-treasury operations to start the week with. But the removal of this resource in case of future strin- gency Is to be considered for future con- tingencies.
 The bond market was dull but steady. Total sales, par value, $2,870,000. United States bonds were all unchanged on the last call.
 New York Stock Market.
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