The Saint Paul globe., 1902-05-10
Volume of Dealings Is the
Lightest Known for
Many Weeks
PENDING MINERS STRIKE
COaIers Do Not Show Any Depress-
ing Effect in Consequence
Trading in international
Power Resumed.

NEW YORK, May 9.-The volume of
dealings today fell considerably below
500, coo shares for the first time in a good
many weeks Whether there was any
other reason for this dullness than the
decision Of the party spectators lately
leading the market to let it lie faloW for
time was not evident. Perhaps the
long drawn out controversy over the an
thracite labor settlement may have been
effective in discouraging speculative ac-
tivity. If that was the factor which in
duced the curtailment of the demand and
the Sagg1ng of prices in the general list,
it did not appear among the coaIers them
selves. That group was affected by the
marked strength of Delaware & Hudson.
The demand for this stock seemed to be
of very special character.
The Wall street public is puzzled to
know the grounds of the very positive as
Surance which has been manifest among
the controlling interests in the anthra-
cite trade that there would be no strike.
Their determination to offer no conces-
sions has evidently not wayered, while on
the other hand the mine workers in eff
clare strike unless the concessions are
granted. The outcome was still awaited
when the stock market closed today.
Early Strength.
There was some show of strength in
the early dealings and an appearance of
renewed activity on the part of the re-
Gently prominent market leaders AetiV-
ity was manifest also on the part of some
OF the smaller speculative pools in minor
railroad stocks. Amalgamated Copper
was conspicuously active and strong ad-
Vancing at one time 1Ss Reports were
current that sales Of copper had been eff
fected at 121zc by a leading competitor in
suthcient amount to take it out of the
market for some time to come.
The announcement that one Of the sus-
pended Stock Exchange firms would be
able to resume and that the other two
hoped to do so was regarded as a salts
factory deVeIopment Trading was re-
sumed in International Power and it was
lifted 4 points. There were not lacking
weak points in the market, hOEeVer, all
through the session. Louisville & Nash
Vile fell back after it's recent advance
and there was a drop of 4 points in Chi
cagO & Eastern Illinois.
Weakness in NOrth-Western.
The weakness of Chicago & North
western was associated with the conflict
ing reports of the admission to the di-
rectory Of representatives of the Moore
interests, who are reported to have ac-
quired large holdings Of stock lately
Tennessee Coal continued to show the nm
favorable effect of it's annual report The
feacuonary tendency Of the market be-
came more general after the appearance
Of the preliminary estimate of the weeks
currency movement
1t appears that the banks have receiv-
ed on balances from the interior less tnan
81, 1900, against the loss to the Subtreas-
ury during the week of $2875OO0. The
loan item is, of course, a matter of sur
mise. The early heavy liquidation in the.
stock market would indicate reduction
of loans, but it appears that some of the
calling of loans in large amounts was
simply for the purpose of relendfng else
where, including possibly to the ship
merger underwriting syndicate The
market closed dull and steady.
Bonds were easier in sympathy with
stocks. Total sales. par value. 81. 525. COO
United States bonds were all unchanged
on the last call.
Stocks