The age-herald., 1902-03-07
STOCK MARKET
 STRONG IN SPOTS Failed to Carry Conviction as to GenUinenesS of Demand SHORTS FORGED TO COVER Late Dealings Showed the Usual Proflt-Taking, and the Closing
 Was rregular-Anxlety Over
 Money Outlook Relieved.
SHORTS FORGED TO COVER

New York, March 6.-Today's stock mar ket made a remarkable exhibit of strength in spots. Several of the customary mar ket leaders were included in the upward movement. The strength Of the markets nevertheless, failed to carry conVictlon as to the genuiness of the demand whlch lifted prices to a higher level.
 As the advance gained headway various outstanding short interests were put un- der pressufe and brought rather urgently to cover short contracts. The demand was 80 far unouestionably genuina. Otherwise there waa the appearance of manipula- tion. This was partly due to the charac- ter of the stocks which advanced most conspicuously-stockS which are often not heard of for weeks at a time on the ex- change. Nor was there any tangible news today to account for their strength, either affecting them individually or the gen. eral situation In fact the conditions which have made the basis of the bear movement earlier in the week continued in foSce today.
 The great snowstorm, with the new ob- stTuction to traffic threatened inroads upon future showings of earnings. The engagements of gold for export on Satur- day were increased today to $3, 300, GOO, with the possibility of further engage ments tomorrow still open. Reports of friction over freight rares in the south west and of the dissolution or freight as- sociations on account of the threatened action of the government continued to be he>rd These would all have induced selling of stocks in the speculative tenn per which prevailed earlier in the week. They were ignored todoy
 very strong sentimental effect was produced by the persistent show of strength in Chieago and Northwestern and the character of the buying which lifted 1t and which had every appear ance of genuine investment demand. It was this movement which directly en- couraged the heavy buying of St. Paul and which leavened the whole market in the course of the day. It was supple mented by similar movements in other high grade closely held stocks such as Pullman, which rose an extreme 16 points, Chicago, St. Paul, Minneapolis and Oma- ha and a number of less conspicuous ex- amples. Northwestern itself touched 233. During the existence of a corner in the stock years ago it touched 230, which was the previous record. Pullman, General iHlSCS. ICt oIldHd anu (IlCdSO dflu fd5l- ern Illinois also made record prices to- day. Another notable movement was in Colorado Fuel, which gained 10 points on very active demand and a very feverish movement. This movement is supposed to be directly related to that in Colorado and Southern, which was in- cined to rest today although the sec ond preferred was advanced points. Outside of these the most notable move ments of the day were in varied assort- ment of low grade obscure stocks The movement ultimately extended however, to some of the soft coalers, led by Penn- sylvania and other prominent stocks. The late dealings showed the usual prof it taking and the closing was irregular. Rates for call loans continued at the high level established during the week. The announcement that San Francisco deal will be arranged without transferring money through the sub-treasury relieved some anxiety over the money outlook and revealed that the tentative inquiries in Washington as to the facilities for transfer of $50,00OOO0 to $60, 00,00O were probably a strategic movement having to do with the negotiation of exchange on San Francisco in the market. The bond market continued rather dull but was firm. Total sales par value s2, ,4S0 900. United States 2s registered and the 3s advanced A per cent on the last call.
 New York Stock Market.
 By Private Wire 10 Murphy & Ca