The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-22
STOCKS ARE ON THE RISE.
GOULD GROUP AND BALTIMORE G.
OHIO LEAD
Speculative Party Is Organized to Ad-
vance the Market-condition of the
Great Northern and Northern Pacific
fmparts Hopeful Feeling.

NEW YORK. April 21.-There was quite
comprehensive upward movement of
prices today led by the Gould group and
Baltimore & Ohio. AS other parts of the
list came into the movement a DISPOSE
ton became manifest to take profits in
the leaders, which led to a moderate re-
action all through the list and the clos
ing was easy and dull.
The movement was attributed largely
to professional operations, and commits
sion houses continued to complain of the
light volume of their orders. It was plain
however, that a speculative party had
been organized to advance the market and
1t made It's operations effective today. Its
campaign seems based on general condi-
tons 1t had the advantage today of the
cheering influence upon sentiment eXer-
clsed by the modification of the decree
so far as 1t referred to enjoining the pay
ment of dividends. The Great Northern
dividend came off that stock this morn
ing, and the assembling of the Northern
Pacific directors during the session of
the stock exchange gave assurance that
that dividend would also be promptly dis
tributed
Activity In the GouEds.
Speculative operations We're especially
marked in the Gould group, led by Wa
bash preferred. and especial stress was
laid upon the April report of the Kansas
state board of agriculture confirming the
very favorable government report as to
the condition of winter wheat The adj
vance in sugar was on account of the rise
in the price of the refined product. South
ern Pacific was lifted points late in the
day on an unconfirmed rumor that a set
Element had been effected between the
Hartman and Keene interests Some ear
ly heaviness in Amalgamated Copper was
accounted for by the illness of the presi-
dent of the company, but the stock re-
covered. Colorado Fuel was weak with
out explanation. Reading Jagged in the
the interstate commerce hearing of
charges of suppression of competition by
the coal combine. but that this stock
also became strong.
An unusually large number of indus
trial stocks were advanced from l to ?
points, and beyond that for American
Sheffield Steel Az Westinghouse Electric
6 and the first preferred 8. The profess
sional contingent among the traders laid
some stress upon tomorroWS entry into
the new trading quarters as proper Sentl-
mental ground for advancing prices.
Return to Old Methods.
During the last hour of the market
trading was considerably neglected on
account of diversions INDUCED in by the
brokers as an incident to the closing of
business in their temporary headquarters
of the produce exchange floor. An incl
dent of the day was the resumption of
the recording of transactions in odd lots
on the tape. During the boom period of
two years ago, in the midst of which the
stock exchange moved to the temporary
quarters now being abandoned, it was
found wholly impracticable to keep up
with the record of the minor transactions,
and since that time only full 100 share
lots or some multiple of that have been
| printed on that until today The addition
of odd share lots in the record must be
regarded as a symptom of the relative
dullness to which business in the stock
market has fallen. Money continued to
work easier with every prospect or ad-
| ditional relaxation and the recent upward
course of exchange was also checked to-
day.
| Prices of bonds moved Upwards in sym
| pathy with stocks. and on fairly well
distributed demand, total sales. par value
! SO ITO 900. United States bonds were al
! unchanged on the last call