The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-21
Crooks, BONDS
- a AND MONEY.

NEW YORK, March 2O.-The so-caIled
speciaIties still occupied the largest share
of attention in the stock market today.
Their movements were not quite so wide,
nor so feVeriShly erratic as yesterday, but
there was still an eccentric irregularity IN
this portion of the market AS for the
standard stocks that usually make up the
bulk of the trading by reason of their
large capitalization and representative
character, they were neglected and slug
gish, as for some time past. There was
some heaviness among the anthracite
carriers caused by the rather threaten
ing attitude assumed by the miners cen
ference at Shamokin, but the declines in
that group were limited to fractions, and
good recoVeries were made.
There was good support in st. Paul
without any explanation for the buying.
which gave rise TO the suppOsition that
the support was part of the plan to Ia
cilitate the operations of speculative pools
elsewhere in the market. Colorado Fuel
was again a conspicuous figure, and
touched yesterdays high level again at
107, closing with net gain of AS after
very erratic course during the day. JhiS
movement seemed to have a sympathetic
effect on Tennessee Coal and blocking
Coal but the United States Steel stocks
continued neglected and heavy as Ihey
have been ever since the proposed bond
issue was announced.
Sugar was sold early on professed dis
appointment over the terms of the bill for
reducing the Cuban sugar tariff, but later
it rose strongly and closed with a net
gain of a point
Amalgamated Copper continued quite
active and was bought by the shorts TO
cover yielding in a net gain of about a
point Among the minor stocks there were
some new candidates for favor, while at
tempts to make the other stocks recently
bought al high prices made broad inroddG
on those prices on very small sales. There
was Il conspicuous demand for Chicago
Union Traction and International Power,
and the newly listed corn products stocks
advanced more than a point over
their first sale prices.
The local fractions advanced in response
to the announcement of the favorable ac-
ton of stockholders in the Brooklyn
Transit company and the Metropolitan
Street Railway company upon the pro-
posed capital readjustments. The rise OF
512 in Long Island seemed to be IN
sympathy with this group. The market
closed quite active, but irregular. crow
ing consideration is given TO the question
Of money supplies between now and the
time of the april quarterly settlements.
Inc gain by the banks on subtreaslry
operations a result of the closing Of
the governments offer for redemption OF
bonds shows tendency TO dwindle from
the renewed ERECT of the surplus revenue
returns, Notwithstanding large daily CHS
burSementS on account Of pensions now
running at the maximum for the month.
The question arises as to the effect on
the money market when the pension pay
ments fail off again and the subtreaSury
reneWs its collection OF d considerable
daily surplus balance in its operations
with the New York money market The
continued frmness of the London money
market, and the large government loan
operations looming i'll the near future,
there and on the continent are also sub
jects to consideration.
The active speculative issued N ne
bond market were inclined to be heavy,
but the general list was irregular. Total
sales, par value, 81, 100000. United States
bonds were all unchanged on the last call.
w. M CAMPBELL COM. 90.