The age-herald., 1902-03-28

New York. March 27.-The feverish ana cratic speculation in Colorado fuei oceu- pied the largest share of attention oh the stock exchange today. The Vloleh' drop of 57a In the price of this stock was alleged to be due to the oesires oi the members of the pool to shake OH weak following preliminary to rene"eu advance in the stock. A more ioslcal exclamation was found in the admlssioh to the stock exchange list for the hrse time today of convertible bonds Of the company. There has been very active market on arbitrage for these bonds on the curb for some time due to the ract that they were considerably lower In price than the stock was quoted on the exchange. The operation consisted III buying of the bonds on the curb and sell ing the stock on the exchange.
 It was necessary to borrow stock for delivery until today, when the conVeru- ble bonds became a good delivery against the sale of the stock under the ruling of the exchange. The bonds also declined sharply from last nights price on the curb, but it was noticed that they were held well above the price of the stock, as though to discourage the conversion of the bonds into stock. Next to Colo rado Fuel the principal activity was in Amalgamated Copper for which there was an active demand in which brokers usual ly employed by inside interests were conspicuous. The movements were De- lieved to be directed against the short Interest. The stock lost most or the gain and Colorado Fuel recovered a good part of it's loss although it was on the downward grade at the close. An actlVe demand for Sugar sprang up late in the day apparently based on the advance in the price of some grades of refined Sugar. The amicable course of negotiations De- tween the anthracite miners representa- tiveS and the operators induced a better feeling in the coalers and caused ad- vances in the group. Reading was nelp- ed by its good earnings. The continued calmness in the money market While the demand was being satisfied to carry over until Monday next, relieved an appre- hension of furry which has been pres ent to the minds of spectators all week, and induced not little covering or snort contracts. Some of the prominent ra1l- road stocks had the advantage of this movement, but the general market was extremely dull and sluggish all day, as
 
 day. The widest movements were among a few specialties. The upward movement was renewed in the Colorado and south ern stocks. Green Bay and western jumped 5h, Keokuk and Des Moines 3A Cor the preferred, and Lackawanna 4, Twin City Rapid Transit S& and Ameri- can Cable 2. The late rally in the market caused a recovery in the stocks which had been early in the day and wiped out most of the gains.
 The feature of the bond market was the active demand for Green Bay and Vest ern debenture B's from widely scattered sources. They rose 1A net and the de- benture As rose 3 on a few transactions. Total sales, par value, $4,610,0O0.
 The recent restriction of operators in stocks by the professionals has been ac- centuated this week by the fact that 1t was a short week followed by an in- terim in trading of three days on this side, and four days abroad. So long a period without an open market to close accoslnts in the events of some develop ment Of importance in the financial world always induces caution and a closing of accounts.
 New York Stock Market.
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