The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-07
MAKE STRONG
But IN SPOTS.
Advance Caught Shorts, Who
Bought Heavily to Cover.
BONDS CONTINUED DULL
Persistent Show Of s.rers,b in Chicago and
Northwestern and Buying CT St.
Paul Leavened The Whole
Market.
BONDS CONTINUED DULL
tBr Associated Press,

NEW YORK, March 6-To-day's stock
market made q remarkable exhibit of
strength in spots. Several of the custom
airy market leaders were included in the
upward movement. The strength of the
market, nevertheless. failed to carry con-
,iciion as 10 the genuineness OF the de-
n,and which lifted prices to higher
level. AS the advance gained Roadway
various outstanding short interests were
put under pressure and bought rather
demand was so far unqueStionably
genuine. Otherwise there was the APP
pearance of manipulation. This was
partly due to the character OF the stocks
which advanced most conspicuously.
stocks which are often not heard of for
weeks at time on the Exchange. Nor
was there any tangible news to-day to
account for their strength: either affect
ing them individually or the general sit
uation. In fact, the conditions which
have made the basis Of the bear argu-
fnent earlier in the week continued in
force to-day. The great snow storms
with the new obstruction to traffic,
of earnings. The enga cement of gold for
export on Saturday Were increased to-
day to $500. 600. with the possibility. of
further engagement tomorrow open. Re-
ports OF friction over freight rates in The
Southwest and of the dissolution of freight
associations on account of threatened ac-
Ilon by the Government continued 10 DE
heard
These would all have induced selling
OF stocks in the speculative temper which
prevailed earlier in the week. They We're
ignored to-day. A very strong Senti-
mental effect was produced by the per-
ststcnt show of strength in Chicago and
Northwestern and the character of the
buying which lifted it and which had
every appearance of genuine investment
demand. 1T was this movement which
directly encouraged the heavy buying
of st. Paul and which leavened the whole
market III the course of the DAY. 1t was
supplemented by similar movements in
other esigh-grade closed held stocks. such
as Pullman, which rose an extreme II
points: Chicago, ST. Paul, Minneapolis
and Omaha, z, and a number of less con-.
spicuouS examples. Northwestern itself
touched 233. During the existence of
corner in the stooR&years ago it touched
$50. which was the previous record.
Pullman, General Electric, Omaha and.
record prices to-day. Another notable
movement was in Colorado Fuel. which
gained 10 points on a very active demand
and a very feverish movement. This
movement is supposed to be directly re-
lated to that in Colorado and Southern.
which was inclined to rest to-day. all
though the second preferred was adj
vanced 3 points. Outside of these the
most notable movements of the day were
in a varied assortment OF low grade OBJ
scure stocks. The movement ultimately
extended, however, to some of the Soft
Coalers, led by Pennsylvania and other
prominent stocks. The late dealings
showed the usual profit-taking, and the
closing was irregular.
The bond market continued rather dull,
hut was firm. Total sales. par value.
s2,4Sn.000. United States Is registered and