The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-03
QUIET DAY IN STOCKS,
WITH FEW FLUCTUATIONS.
SEVERAL PROMINENT LINES
REPORT NO DEALINGS.
Obscure specialties Again Notable
Money Situation Still a
Waiting One.

New York. April 1.-The naming Of the
most active stocks In to-day's market is III
Itself an illuminating commentary on the
character OF the market. United States
Leather led the list. followed at a consider.
able interval by Amalgamated Copper. The
dealings In Colorado Fuel fell to i~nsignid-
cant proportions in comparison with the re-
cent trauinS. sugar was well up in the list
OF active stocks. OF the prominent rail-
roads. only 81. a and Louisville and Nash
Vile showed q notable degree of activity.
and the fluctuations did not reach as much
as a point In either of them. The extreme
range In the United States Steel stocks was
Us for the common and Il for the preferred.
ana eoth closed at q shade under last
night, in spite OF the extraordinary earn
inSs reported for the year Of the company's
existence and the official assurance given Of
the success Of the plan for providing
10000 additional capital. Many Of the
usually prominent stocks did not open at
all before the middle of the days session,
and not a Few had no sales recorded.
Reasons for Rises Are Obscure.
i ihe price movements OF any consequence
are almost invariably amongst the less
known stocks. and the reasons advanced
were very obscure. st. Paul and Omaha rose
3 points on a few transactions. and the pre-
ferred o, but Pere Marquette dropped 8 on
only one sale. Hooking Valley stocks were
active and strong. the common rising 4 and
the preferred 2. Rumors were revived OF a
plan to retire the preferred stock at par.
The Wisconsin Central stocks and the To-
ledo, ST. Louis and Western stocks were
bought, apparently on the strength of their
strategic position in the competitive field.
The New York Dock stocks rose in an
realization. The valuable equities in the
property. The movement in the Leather
stocks was on the assumption that the
preferred stock and its claims to deferred
dly1QenGS were to ba claQ red I'M In snrna
way by a bond issue. There were other
movements of less degree. but these will
serve to Illustrate the character of the
market The losses. which were literally
sprinkled through the list of stocks Of q
similar character. had no other explanation
than that they had previously advanced on
rufnors which have not been confirmed.
New Stock Weakens Rock Island,
The weakness Of Rock Island was as
nociated with the announcement of its adj
ditional stock issue. The decline in the
was doubtless due to the coal miners strike |
In Its territory. The movement in the gen |
eral list was Insignificant. It is true that |
prices were at one time advanced a fraction. |
put no other cause was apparent than that
they declined yesterday. The crop report |
by the Government Weather Bureau had
grain markets are regarded as under the |
artificial influence of large speculative on. |
erations. and are. therefore, distrusted as |
an inaex OF actual conditions. The statistics |
OF tne copper trade and rumors of an an /
proacning agreement among producers on the |
output and price were given some credence. /
s sIhuae money market developments are
mere being eounterbalanced by the expecta-
ton Of early gold exports. Tn market
closed dull and heavy on the taking of
There was a very good demand for bonds.
which was better distributed than of late
Iotal sales. par value. s. .4SO.0 600. United
call, last