The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-21
GENERAL IMPROVEMENT IS
SHOWN IN STOCK MARKET.
BULK OF BUSINESS IN EARLY
HOURS OF TRADING.
Closing Prices, in Many Instances,
at the Highest Level of the
Day in Wall Street

New York. March 2o.-General improve
! ment was shown by the stock market to-
day. The absence of selling pressure at the
opening caused the professional element to
cover In a number of the active issues.
with the result that numerous material
gains were registered. Southern Pacific was
one Of the few exceptions. showing more or
less weakness throughout the day. The
bulk Of to-day's business was done during
the morning session. though in the last
hour the market resumed its cary activity
and closing prices were in many instances
the best of the day. The better feeling
was more pronounced in the afternoon, be-
cause of the greater ease in the time money
rate. some loans being made at ) per cent.
1t was the general opinion that. barring IN
toward events. the situation should rom
Canadian Pacific. Louisville and Nashville.
ST. Paul. several specialties. including Min.
points. and the steel stocks.
RAILROADS HIGHER.
Later there were improved prices for Bal
timore and Ohio, the Fries, New York Cen
trail. st. Louis and San Francisco issues and
Rock Island. In the industrial group
prices reached a higher level in Tennessee
Coal. Colorado Fuel. Consolidated Gas.
General Electric and National Lead. Sugar
shares were weak throughout and Ama.ga
mated Copper was barely steady, though
Il
in Sugar followed the operations of n spe-
cialist, who offered the stock down in loJ-
share lots. A feature Of the early afternoon
was the sudden demand for Metropolitan.
which was said to come from the large
short interest. On fairly large transactions
the stock made net gain of points, clos
ing at the top. Missouri Pacific developed
some strength by reason OF its statement OF
earnings, which was one of the most graft
flying features Of the day. The hard-coai
active demand, and st. Paul advanced on
what was reported to be inside buying. Lon
don traded in about 1900 shares here. buy
ing slightly on balance.
PUBLIC IS SHY.
The days business was comparatively
small and commission-houses continued TO
report an absence of public interest. Much
of the buying came from the various pools
and cliques that were prominent on the
no change in the foreign exchange situation.
Demand sterling rose tri:ie in the morn
ing. but eas f1,e on b TO $50 toward the
Money both for time and demand loans was
offered in abundance, but the demand was
again only moderate; FEr sfs ai OF the
paratively slight loss by the banks. The in
creasing strength of the market during
numerous minor stocks. which had not fig
ured in the rally to any extent. These
included Chicago Terminal issues. Colorado
and Southern issues, Wheeling and Lake
Erie. Evansville and Terre Haute and sew
eral other obscure properties. North Amer
lean made a jump Of four points but did
not maintain the full advance. and sew
eral high-grdde stocks which have been
recently liquidated improved
Tho bond market maintained a firm tone
throughout the day. but was somewhat less
active than on yesterday. Total sales par
value s1.T5.000. United States new IS and
IS advanced u on the last call.
The Banks.
New York. March 3o.-Money on call rather
easier at 1a6 per cent, closing offered per cent
cert: months 5as per cent Fine nercsnt ne
paper per cent. Sterling exchange s,esSy t.itb
actual business in bankers bills s72eaI SO for
aena1d and and q ss! s: s. for 60 days bills
4ssia Mexican dollars ssIc dovernm n b SSss
strong; state bonds inactive; railroad bons. Az
Chicago. March 0.-Cearings SIS So ID. bal
ances SOC: io2; NeT York exchange 100 pre-
posted at iss for 60 days and at Iss for demans
New York. March eo.-Clearinss sN3 no 2ss; bal.
Boston. Mass s,s 10, March n-cearlns, SO sss ss7:
0r Phifsdephia. March ae-cear,nr, .s en-, .s,.
balances S2.4so.es. Money per cant ''''''''0S'
Raitimorss Nd. March 2o.-Cearinxs 4 a, ~.
balances .--slA Money per cent.
money AZ to per cent. New York sSchsnae To- ia,
to 1sc premium wv
Local Money Market.
C1earings were small and thers was n mod
crate demand for call and time loans Win rste.
steady between and per cent.
Yesterdays Bank CIearinx..
,xsstsrd:yS sie.TinE.house ssssement showed