The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-03
CTOCKS, BONDS
~ - AND MONEY.

NEW YORK, April 2-The naming Of
the most active stocks in today market
IS ITSELF on Illumination c0li nuntary on
the character of the market United
states Leather led the list, followed at a
considerable interval by AmaIgamated
copper. The dealings in Colorado Fuel
fell to insignificant proportions on the
comparison with the recent trading Su-
gar was we'll up i'll the list of active
stocks. On the prominent railroads. only
st. Paul and Louisville & Nashville show
ed any degree of activity and the fuctua-
tons did not reach as much as a point
in either of them.
The extreme range in the United States
Steel stocks was 70 for the common and
Il for the preferred and both closed at
shade under last night in spite Of the
extraordinary earnings reported for the
year OF the companyS existence ana the
Official assurance given of the success
OF the plan for providing $50, coo, 900 adQi-
tonal capital. Many of the usually
prominent stocks did not open at all be-
fore the middle of the days session and
not few will be found with no sales re-
corded.
The price movements of any conse-
quence are almost invariably among less
known stocks and the reasons advanced
We're very obscure. st. Paul and Omaha
rose 6 points on a few transactions and
the preferred one. Pere Marquette drop
ped on one sale. The Hooking Valley
stocks were active and strong, the COM
mon rising and the preferred 2 Runi0-s
We're revived of a plan to retire the pre-
ferred stock at par The Wisconsin
Central stocks and the Toledo, ST. Louis
& Western stocks We're bought apparent
ly on the strength of their strategic po-
sition in the competitive field
The New York cock stocks rose in an
erratic manner On the supposed sudden
realization of the valuable equities in the
property. The movement in the leather
stocks was on the assumption that the
preferred stock and its claims to de-
ferred dividends were to be cleared up
in some way by bond issue. There were
other movements of less degree, but these
Will serve to illustrate the character of
the market. The losses which were Hber-
ally Sprinkled through the list OF stock
of a similar character had no other eX-
PLANTATION than that they had previously
advanced on rumorS which have not been
confirmed.
The weakness of Rock Island was asso-
ciated with the announcement Of its aG-
ditional stock issue. The decline in the
was doubtless due to the coal miners
strike in its territory. The movement in
the general list was insignificant.
1t is true that prices were at one time
was apparent than that they declined
yesterday. The crop reports of the gov
eminent weather bureau had some in
huence upon sentiment but the present
grain markets are regarded as under the
artificial influence of large speculative
operations and are intrusted as an index
of actual conditions. The statistics OF
the copper trade and rumOrs of an APP
preaching agreement among the output
and price were given some credenCe.
Future money market developments are
still awaited, the easing tendency of
money being counterbalanced by the eX-
pectation of early gold exports The
market closed dull and heavy on the tax
ing Of profits by room traders
There was a very good demand for
bonds which was better distributed than
n
600.
United States bonds were all unchanged
on the last call.
Stocks.