The Saint Paul globe., 1905-04-11
JUMPING TO 1863 >,
A G POINT ADVANCE
Copper Shoots Up to S7A
and Canadian Pacific
to 155

NEW YORK, April 1O-A handful of
r,eoII nsoShs were aggTessively strong in today's
niaike', nis h put their sympathetic influences
on the rest of the list was moderate The
spotty upward movement served 70 over
come 10 a large extent the positive weak
ness which showed during the first hour
OF trading, but the amount of interast i'm
the market palpably declined from, tbat
manifested last week. The movement he
came sluggish and narrow and the volume
OF dealings fell off considerably an1 Ureai-
The explanation of the most corservative
attitude of the speculation was NOT verv
gear. The sudden and easy reaction of
saturday, however, caused some misgfv-
lnSs over the speculative situation and
these were not entirely overcome nv the
stocks.
Northern Securities Stronu
TIL Northern Securities situation again
assumed a dominant position in the DAVIS
market, the impelling cause being the
Jump In the stock itself on the curb to a
new new h1gh record at 169&. At the same
stock exchange shot up to a new record
price az 523; These movements stimulated
an active demand for Union Pacific and
again lessened the tide of rumors regard
Ing that property and the far reaching
projects OF the powers in control of if To
oe furthered by the 100000 900 preferred
stock increase. The immediate cause of
the movement in Northern Securities itself
was the circulation of rumor that a
liberal cash dividend would be distributed
In connection with the redistribution of the
assets or the corporation. This rurnor
was denied. The days favorite form of
the supposed Union Pacific proie It was
the purchase of controlling interest in
AtchiSon, and that stock was henefited
accordingly. St Paul moved as usual in
sympathy New York Central and the
North Western stocks, on the contrary,
We're rather heavy.
specIaltes Active
There was a striking movement also in
Atimaigamated Copper on vague intima-
tlons of a proposed increase in the divi-
dend rate This proved less effective on
sentiment towards the general list than
did last weeks wide movement in United
States Steel preferred. That stock was
under restraint today with free feeding of
the demand whenever the price approached
the closing level of last week. Reading
company with Delaware & Hudson but
the movement did not extend further in
the groupof coalers. Conjecture was busy
during the day over the condition to be
shown by the government report of the
winter wheat crop. The report was not
published during the hours of trading but
expectation was very confident of its ia
Norable character, owing to the high con-
dluon reported recently by authorities of
the different states. This was an In
huence in keeping down the price of wheat
granger railroad stocks. 1t is not i'm
probable, however, that the desire to see
the official figures had its influence In
prompting the waiting attitude of the
trading.
The expectation of an early sea fight in
the east was clearly an influence in the
same direction, and caused some selling
of stocks more here for foreign account
on any advances. Foreign exchange made
another advance. Money continued rath-
eT firm and loaned on call again at per
cent The days rather laborious and
uneven strength was unconvincing to
sentiment and gave place to an abrupt
reaction in the last half hour The un-
loading of stocks was supposed to be due
in part to the unsettlement in the Chicago
wheat market. The closing was irreg
ular.
Bonds were about steady. Total sales
par value, $3.700,0 600. United States bonds
were all unchanged on call.