The age-herald., 1902-04-01
STOCK MARKET
 DEVELOPED SPOTS Professional Element Marked Up Prices at Opening ST. PAUL STILL PROMINENT Relief From Uncertainties Does Not Appear in Sight and Promises to Place a Restraint On Imme-
 diate Speculation.

New York March 31.-The professional elenent on the stock exchange had some hopes that the favorable bank statement published on Sunday during the holiday interval in trading would induce some speculative activity and they marked up prices at the opening tos ay with snow of recovery. The market, however, all most immediately developed the spotty character which has been the rule of late and fell into heaviness and semi stag nation. There was another movem ent towards the end of the day based on the assumption that the quarterly and month ly disbursements were to be made tomor- row and the completion of the preparation for them would result in a relaxation of the money market. But the late upward movement showed signs of being abortive like that at the opening and did not ex- tend to a large number of stocks. St. Paul was about the only stock which is usually prominent to show an advance of over a point in spite of the decrease in net earnings for February reached today, while Union Pacific, which reported handsome increase in February net earnings, fell short of the one point ad- vance and reacted again before the close. Rock Islands four point advance and the gains by the Chicago and Northwestern stocks were not very convincing, while the rise of all the way from l to points In group of less conspicuous stocks was quite intellectual to induce a specula- tive following, The Canadian Pacific ifaa1 6t,,rr f1,oA and Sault Ste Marie stock and the Du- 1uth, South Shore and Atlantic were most conspicuous in this category. Hooking Valley also forged upwards 21a.
 The activity in these was dwarfed by the overwhelming preponderance of Colo rado Fuel, Amalgamated Copper and Sugar in the dealings. All of these were point above last week on account of the report from the committee on ways and means of the Cuban reciprocity bill All these stocks reacted again at the close, which was irregular. Although the completion of the preparations for the April settlement seems to assure the money market against present furry, there Is no expectation in influential cir cles of an early relaxation in money rates. Foreign requirements are too large to permit the money rate here to run down without drawing gold Today's
 
 closed markets in London and Paris, in dicates that gold may go out anyhow. Payments of government interest this week in London are expected to ease that money market, but the British chancel- Tor of the eXchequer will undoubtedly take advantage of the position to place the new loan which is expected to amount to $250, GOO, 000 the monthly installment on which will hold the market firm in the frafn r,axyf aY1fo q here in New York of about $3,00000O will be promptly offset by doubts of lawful money to retire bank circulation up to the sS,OOOO00 monthly limit allowed, ap- plications for which are already on file in Washington. Other uncertainties which have overhung the market for some time past, relief from which does not appear in sight promise to keep restraining in- fuence on speculation for the immediate future.
 Some of the speculative bonds were in- clined to advance, but there was no gen. eral activity in the market. Total sales, par value, $4,675,000.
 United States bonds were unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy A. Ca