The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-04-19
STOCK LIST ACTIVE
Speculative Forces Still Con-
troll the Trading on
Wall Street
DEALING ON LARGE SCALE
Average of the Daily Transactions
Is Brought Up to Impressive Pro-
portion, With St. Paul as
Beneficiary.
DEALING ON LARGE SCALE

NEW YORK, April 1S.-The varied act
ivity of large speculative forces was still
manifest in the stock market today. The
movement of prices was entirely charac-
teristic of an active speculative move
ment under a well conferred and agrees
sive leadership. The dealings We're On
a larger scale than those OF yesterday
and progress was made also in the
breadth of the movement and the va
riety OF stocks dealt in The average of
the daily dealings for the week has been
brought up to impressive proportions,
and, in fact, to a level of sustained act
IVity that was entirely unprecedented
in the local stock market until last
years new records were esta blished dur
ing the period of greatest speculative ex-
element.
There was nothing in the news today
or in the general conditions and out
look to account for the manner in which
new points of strength We're constantly
developed, while the older points CT
strength were left to drift downwards,
or We're subjected to a judicious feeling
Of the demand for the purpose of real
lzlng prohts. These stocks which squirt
ed late in the day yesterday and those
which opened this morning with a Wig
orous upward movement almost without
exception were subjected to realizing to-
day. and closed the day with small net
gains below the best prices. This was
notably true of Atchison and the an
thracite coalers, and was meaSurably true
of stocks which showed periods of
SlIGlSlil ldlSI III the Ody.
ST. Paul Stocks Are BENEFITED.
Broadly speaking the leadership of the
advance was shifted to St Paul. and
then to Union Pacific with a more mod
crate response among the other South
westerns and Pacifics. Southern Railway
and Louisville fell into the background
again.
The bituminous coal carriers enjoyed a
period of strength, and there were a
number of wide advances among scatter
ed lndustrials and specialties. Colorado
Fuel was active and strong on a specu-
lativc supposition that absorption Of that
company into the United States Steel
corporation had been assured as part of
the settlement of the control of Louis
vile & Nashville. International Power
was extremely cratic, but rose an ex-
IRENE 10A. presumably on the dividend
declaration yesterday. There were gains
of between 2 and points in North
American Peoples Gas the Rubber goods
stocks, New York Air Brake, the Amer
lean Snuff stocks, Fort Worth &, Denver
City Stamped and Nashville, Chattanoo-
ga & st. Louis. Burlington, Cedar Rap
ids & Northern dropped 10 points on a
sirglc sale and Brooklyn Union Gas 3.
Arn2lgamatcd Copper was quiet but some
what depressed after yesterdays divi-
dend reduction. American Sugar WAS
sold on the strength of the proposed
an er dment to the Cuban reciprocity bill
to rescind the differential duty on re-
fined sugar.
Bond Market Is Dull.
The preliminary figures of the cash
NOV ement for the week, indicating gain
in reserve of over 81, 500, COO, and an easier
tone in the money market. were calcu-
lated to sustain the speculative move
ment. The fact that sterling exchange
has ruled easy throughout the week in
spite Of large American subscriptions to
the new British loan and some selling Of
securities here on London account while
change is notably scanty. is striking evil
derce Of the large credit resources of
this center in foreign markets. The mar
ket closed active and irregular.
The activity in stocks has diverted
interest from the bond market, which
was rather dull and irregular Total
sales. par value, $5,975, GOO
United States IS, coupon, advanced Il
per cent, and the old As, coupon, declin-
ed Is per cent on the last call.