The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-09
ATCHISON STOCK
IN GOOD DEMAND
traction Strike Has Little
Effect on the General
List of Stocks

new NEW YORK, March s-Prices re-
covered in today's stock market.
although there was little Improve,
ment In the volume of trading. The tone
was py no means well assured and hesita
tion and sluggishness were still annarent
IN the movement. The trading was IerpeIv
an professional hands and there was no
evidence OF any important revival of nnhiic
interest. The smalIness of the seIiinp or
ger which resulted from the downward
tendency served as an encouragement to
pearish professionals not to extend their
short contracts unduly. After the extent
OF the speculation for the advance and
the height to which prices have been
shHteO the small pressure to liQuidate
on the reaction is regarded as remark
able. The whole character of the mar
ket In fact is better defined as a waiting
one than as either strong or reactionary.
With the Northern Securities case de-
clded the absence of large selling to real
re Is regarded as indicating a feeling OF
confidence In future developments having
favorable bearing on values.
Awaiting Developments
But more explicit information is await
ed regarding the developments. The post
ponement OF announcement has proved
sfyng to the patience of these holding
STOCKS In expectation of the plans which
were supposed to be contingent on the
settlement of the Northern Securities
case having to do with the redistribu-
ton not only of the properties Included
IN That merger. but of others indirectly
concerned in the railroad policies involved
az eiidt c0mDinatlon Large attention is
gwen 10 the subject in the current discus
sion In Wall street but evidently more
concrete results are desired to revive any
active speculation in the market The eff
rect OF the strike on the local transit
companies was less marked in diminish
ing the attendance at the stock exchange
today and the sentimental phases of the
strike were taken less account of The
most conspicuous buying TODAY was in the
coalers and the special prominence of
heaulng was attributed to the activity
OF pool In the stock. The review of the
lraue conditions by the recognized organ
was very cheerful, however and dolht
was expressed whether the usual snrins
reuuction in the price scale would be
adopted this year, at any event at the
usual time. ~
Copper Responds
Amalgamated Copper also was respon-
slve to enthusiastic trade reports and a
speculative party was said TO he acrive
In that stock. The sharp recovery in New
York Central had a good effect on senti-
Inent. The movement in western stocks
connected with the merger rumors was
more moderate. The crisis in the war in
the far east and the threatened catas-
trophe TO the Russian army had the eff
fect OF checking activity rather than ~
prompting any definite position i'm tho
market. In Paris the rumor of another
russian loan seemed to have q strength
ehce OF The war news. The London mar
enlng effect and to neutralize the infiu-
het Iehected some doubt in it's operations
pending the action of the Bank of Eng
land tomorrow on its official discount rate
Inc tone of the money market here was
easy; both for call and time loans. but
Sternng exchange strengthened and the
ulScount on New York exchange at Chi
eago widened. The buoyant rise in Read
ing late IN the day was Interrupted by
some SON. renewed pressure against Union Pa
clfic and the closing was consequently
Slightly irregular
Bonds Were steady. Total sales par
Value, S3.43O 600. United States bonds
were all unchanged on call.