Evening star., 1902-03-21
FINANCE AND TRADE
I
Stocks Closed Firm After an
Uneventful Day.
BROKERS'; EVENING UP
AMERICAN SUGAR WAS IN GOOD
DEMAND AGAIN.
Atchison, Union and Southern Pacific
and St.. Paul All Well
Bought.

special dispatch to The Evening star.
NEW YORK. March 2l.-The action Of
today's stock market indicated the same
professional characteristics which have pre-
vailed during the last fortnight. Traders
sold stocks In some instances merely to
even up contracts over the end of the week
and few stocks were bought for similar
purpose. There was no material increase
in the volume of commission house busi-
ness. Here and there manipulation cropped
out In spite Of all efforts to conceal it and
pool buying saved certain specialties from
stagnation.
ed In the southwest, but realizing sales
were reported in the Gould shares in spite
OF this fact. Union Pacific was more act
I've than at any time in several days. In
size interests taking round amounts of the
stock around par, while certain speculative
uptown interests were credited with hay
ing begun new campaign in that property.
Southern Pacific responded slightly to
| this advance in Union Pacific, but the
movement was short-lived, owing to the
evident unwillingness Of the pool to assist
| In maintaining the price. In spite of this
| latter fact several houses. usually well-in-
formed In such matters, bought the stock
around 65.
Atchison was taken by interests close to
the management. Reports from the COM
| pany's officers give assurances of continued
large earnings.
During the late afternoon Rock Island
became a feature of the trading, running
up sharply for gain Of per cent under
limited dealings. The buying was for in
side account and was credited to more
definite plans for a new railroad deal In
the west. st. Paul was bought steadily
during the day by conservative houses. on
the theory that the property would do as
well as any Of the granger roads and that
the mana cement would ultimately favor
greater liberality with shareholders.
Colorado Southern was again active under
buying by the same interests which are said
to be buying for the control of that proper
ty. The so-called Junior Vanderbilt issues
We're well taken and there was a further
demonstration in Rutland preferred.
Sugar was marked up under big dealings
credited to lower Wall street and based
upon earnings and the expected benefits
from Cuban legislation Colorado Fuel and
| Iron was again made conspicuous by the
Gates party. and the merits Of the COM
| pany's bonds were freely discussed by IN
terests having the issue for sale. Copper
was kept steady as the result Of the cover
Ing OF short stock. but the Steel issues re-
| fected theeaseavness noted yesterday.
The entire market was strong during the
last hours recovering under a volume of
Well-dlstr1buted business. embracing both
| the industrial and railway groups
The known movements of money indicate
| that the banks have gained something less
| than one million on the weeks currency
movement. Certain downtown institutions
| have decreased their loans and deposits
during the week. and the subtreasury has
paid out considerable money.
Money loaned at 8 per cent at one time
but reacted to ~ later in the day. Bankers
| predict rates until after the April disburse-
ments, but not later, unless some complf-
| cation arises.