The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-03-19
CTOCKS, BONDS
- @ AND MONEY.

NEW YORK, March 1s-The recent
character of the stock market was not
materially changed today. Speculative
lncurslons into the field of the usually i'm
poftant stocks We're few and desultory in
character. Now and then a seemingly
active buying1 movement would develop
IN some stock that has been occasionally
market leader in the past year, but the
activity would as suddenly subside and
the dealings revert to some rarely active
stock. The high priced specialties con-.
t1nued in favor today and a number Of
low priced induStrialS were also bought
up to a considerably higher level of
prices. The minor railroads were less
conspicuous, although few of these con-
tlnued to show wide movements
There were declines on profit taking
in these classes as well as the new strong
points. The most conspicuous movement
Of this kind was in North American,
which jumped about in an cratic manner
IN the course of sensational advance
OF 1I12 points on unusually heavy deal
lngs The movement was without ex-
PLANTATION beyond the long time gossip
of the availability of the cOmpany'S COM
prehenSive charter rights for the pur-
poses of some great consolidation move
ment. Other stocks not usually prom
trent which show striking advances were.
ferred, General Electric, Pullman, Color
ado tueI, american Mailing preferred,
American Cotton Oil, Chicago Union
Traction, international Pump and Rut-
land railroad preferred. Among the more
prominent stocks, Amalgamated Copper
continued active and found support after
the recent heavy decline. Much of the
buying was attributed to the demand
from shorts to cover
Sugar, on the other hand, was reaction
airy on account Of the dispute over the
An instance OF the disposition to take
profits on good news was the selling of
Pacific Mail on the passage of the ship
subsidy by the senate.
Eno hyoxr
fered from prof1t-taking after some early
ADVANCE. The most consistent movement
OIL the day was that in the cOalerS which
represented speculation on the outcome
OF negotiations between Anthracite miners
and operators for an agreement for the
coming year. Lackawanna made char
acter1st1c advance of points, but the
cams otherwise ran between l and
points. The moderating. of the weather
II the West had some influence in caus-
ing higher prices, although the late rise
IL the wheat market somewhat modified
TINS TINS influence. Aside from these cases,
the movements of the day were almost
entirely due to individual causes
me condition of the money market was
quiet and there was belief current
among spectators that the distribution
of the Standard Oil dividend furnished
the resources for good deal of the buy
ing. The payment on Friday next of the
United States Steel common dividend was
looked forward to with hopes of a similar
influence. There was very little actual
change in the condition of the money
market. The slight relaxation in the
tone of call money led to firmer tone
IN sterling exchange and the fill in the
sterling rate at Paris was also an index
Of pressure toward the gold export point
again.
The large bond redemptfons forced bv
the treasury's notice of suspension of its
offer have given the banks a good gain
from sub-treasury operations to start the
week with But the removal Of this re-
source in case of q. future stringency is
to be considered for future contingencies
The bond market was dull, but steady.
Total sales, par value, 81, $40 600.
United States bonds were all unchang-
ed on the last call
Stocks.