The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-03-21
VIEW YORK STOCK MARKET.

New York, March LIT is not often
that the stock market witnesses such
"a series Of spectacular and sensation
al runVa1n"ntS as it was treated to to-
CAV. ana in rather a dull market at
tina In fact the dullness in the gen.
oral list was extreme and prices of the
important railroad stocks moved only
with the utmOs reluctance. The usual
favoriteS amongst the industrialS had
a larger share in the trading, both
Amalgamated Copper and Sugar oc-
cupying fairly prominent places; but
It was amongst the stocks which are
traded in only at intervals of weeks
as a rule that the speculation was
fierce and the mice movement violent.
There was nothing in the way of
news to explain why buying orders for
$500 shares of Colorado Fuel should
make a wild opening in that stock all
the way from pal to 107. compared
to SO last night. Neither the high
points of this n nor the low point
was touched again during the day. but
the dealings continued very heavy and
fluctuations feverish.
Activity was revived in New York
Airbrake with a Jump of 10A in price
and a subsequent relapse of fully half
that. North American suffered from
realizing. after the opening advance,
Int forged upward again TO Ga above
last night and fluctuated wildly.
The rise of jh in General Electric
and of 3 in Westinghouse was due to
rumors of consolidation. but both of
these reacted sharply.
American Ice rebounded ga from it's
recent violent decline.
In the railroad list Chicago, Indian
apolis and Louisville was rushed up
AZ on distinctly formulated rumorS
that If was Tn no nlaPp6 on a 4 npr
cent. dividend rasis.
Late in the day st. louis and San
Francisco sprang into activity and
strength with an advance of nearly 4
points. lie to published reports of the
contempt lted annexation to the Pacific
coast. There was some late strength
in Atchis IN. which was practically the
only active stock of first Importance
which moved as much as a point.
There was considerable demand, how
ever for Baltimore and Ohio.
The rise of 2% in Sugar was due to
the agreement reached at Washington
upon the question of the Cuban sugar
tariff and also 10 the certificate of con-
dition filed with the Massachusetts
secretary showing large increase in re-
sources
Meantime there were wide declines
in stocks which have enjoyed recent
pSA iouo VI SNi NiC loSoCS OCIhS
caused by the the marketing of only
a few shares. Amongst these were
loses of 4 points each in Chica-
go and Northwestern preferred
and Glucose preferred trust receipts,
3 in Evansville and Terre Haute and
a point Or more in various others.
Welis-Fargo dipped 7A on n trans
action and rallied "a on another.
These violent movements caused sc
much confusion and diStrust amongs
speculators generally that the trading
became neglected
Anxiety was renewed also regarding
the immediate future of the money
market. which Shove a hardening
tendency TODAY. The conference of
coal miners at Shamokin was also an
unsettling influence.
The bond market was rather u and
irregular. Total sales. par value,
were S2,615.000 United States bonds
were all unchanged on the last call.
Total sales for the dav were $50. 200
Oh