The Saint Paul globe., 1905-03-11
ST. PAUL HIGHER
ON GOOD BUYING
Chesapeake 6 Ohio Jumps Up
ward Seven Polnts-Pub.ic
Shows More Interest

NEW YORK. March 10.-The breadth.
as well as the strength OF today's stock
marker, was very notable. While many
low i grade and obscure stocks were num-
pered among the gamers, the standard
dividend railroad paying stocks showed
revived activity and strength and gave
lone lone to the whole market. The trunk
prominence and great activity. The alb
Sorptlon OF Pennsylvania was on q yery
large scale So widespread was the ad-
Vanclng tendency that the heavy shorts
are more easy noted as the exceptions to
the rule. Some OF these were affected bY
realizing following advances yesterday,
which was especially the case with Read
ing. Others were held by torpor which
they have been unable to throw of in
spite OF the active advances elsewhere.
somewhat intermittent and shifted con-
stantly from one point to another of the
market.
Operations Professional
Individual commission houses executed
large proportion of the orders in special
stocks. Such operations give a market a
hish professional appearance and, suggest
the activity of pools and combinations
embarked In speculative campaign. The
market was comparatively free. however,
from rumors concerning special stocks,
such as are usually used by speculative
pools to help on the advance in their fa-
Vorites. In a few cases there were re-
ports OF special application. such as that
to be raised to 4 per cent and theapre-
ferred stock of Hooking Valley was to be
retired, and that Amalgamated Copper
was TO begin the issuance of periodical
reports of earnings and financial con-
dftions. The days movement was plainly
due. for the most part, however, to gem
eral conditions.
The extraordinary ease of money is
given most Importance in the general
field, but is effectively supplemented by
the reports OF the prosperous conditions
nNrfc
duction in the official rate of discount by
the Bank of England continued to eXer-
clse an influence In keeping up confidence
IN the future ease of the money market
The forecasts of the currency movement
for the past week indicate another shift
In the interior movement in favor of this
center, promising q moderate addition to
the cash item on tomorrows bank state
ment In spite of the absorption of sub
treasury operations.
Gold Production
The figures of the production of gold
on the Rand for February called renewed
attention to the steady expansion In the
rate OF gold production to which the
other gold fields are also contributing
ceives attention from time TO time as q
possible factor in the great rise in prices
OF securities. The present heavy accumu-
lations of money reserves in the worlds
great centerS give point to the discussion
But uD TO the present time there has
be' no evidence of the discrimination
against nXed interest bearing securities
on the part of capital which is a natural
accompaniment of a fall in the value Of
the money medium
Peace prospects continue to form an
element in the strength Of markets. The
buying of Chesapeake & Ohio became
much excited in the late dealings on the
rise TO record level at So This served
TO check the rather irregular tendency
which had developed on account of SELL
ing to realize and made the closing firm.
Bonds were irregular. Total sales. par
value. S4470,000. United States bonds
were all unchanged on call.