The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-29
STOCKSLANCUISHING
Spe culatiye Interest Falls
Off and Days Transac-
lions Are Light
HALTING AND UNCERTAIN
Movement of Prices EmphaticaIIy
Ragged Reports of Railroad
Earnings FayorabIe-DuI
and Easy Close.
HALTING AND UNCERTAIN

NEW YORK, April 28.-Speculatfve in
terest in stocks showed a considerable
falling off today, and the full days
transactions scarcely reached a million
shares for the first time in two weeks.
The feyerish activity which has ccarac-
t6riZed the recent leadership of the mar
ket was decidedly lacking, if the rather
large dealings in Reading be excepted.
The tone Of the market was hating ard
uncertain, and the movement OF prices
was not uniform. The predominant
movement, while it failed to embrace the
whole list. itself changed a number of
the conference committees Of the an
thracite miners and operators to agree
upon terms on Saturday was a disap-
pointment, and the tone of the comment
OF the parties to the conference created
a disagreeable impression. The result
was free selling Of Reading in the open-
ing dealings, which affected the whole
market. This weakness was overcome
by strong advances in some of the high
priced coalerS. The part played n TIE
market by the high-priced stocks, Of
which the floating supply is very small
was notable, and their wide movements
resulted from a light volume of trans
actions AT the upward flight of Della
ware & Hudson and of New Jersey Cen
trail rallied the Readings, SO did the
squirt in the Chicago & North Western
stocks give some strength to the Gran
gers and Pacilics.
st. Paul Has n Lift.
st. Paul was lifted two points over
last night, and there were gains of / to
2 points among the SouthWesterns The
there were constant relapses when the
market was allowed to become quiet.
The New York, New Haven & Hart
ford was another of the high grade
point of its seven points advance.
Among the industrial specialties there
were wide advances in Pullman, InternA-
tional Power, American Express, FreSs-
ed Steel Car preferred, Railway Steel
Spring, and some others which are even
more seldom active. The Cotton Oil
stocks. Virginia-Carolina Chemical and
American Agricultural Chemical, were
advanced on talk of consolidation. There
were stocks of a number of small rail-
roads which were bought on reports of
the large activity of local traffic on the
railroads, which is calculated to benefit
especially this class of railroads. and the
demand resulted in wide advances in
some of the preferred and closely held
common stocks.
Railroad Earnings.
Reports Of railroad earnings received
during the day were generally favorable.
and included net earnings for March OF
a number of systems. Colorado Fuel and
Tennessee Coal were bid up late in the
day as the local transactions had been
earlier. but relapsed again without much
effect on the general market. The vary
ing movement in the grain market was
reflected from time to time in the stock
market but not in a decisive way. The
usually active industrials were quite
generally heavy. The reduction in the
Calumet and Hecla dividend depressed
Amalgamated Copper; Sugar was affect
cd by lower prices for the refined; United
states Steel seemed to reflect disapproval
of the bond issues, and United States
Leather was affected by realizing. The
frmne3s of foreign exchange reaWakened
discussion of probable gold exports, but
the money market was unaffected. The
market closed dull and easy.
The bond market was moderately act
i've and strong Total sales, par value,
$4045, 900.
United States bonds were all I'M
changed on the last call.
Stocks.