The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-03-27

New York. March 27.-Stocks paus-
ed in their upward flight-at least
some of them lie while others of less
market influence rose to higher pric-
es. The most noteworthy exception
to the general tendency was Amalga-
mated copper. which assembled to a
higher level on announcement that
the selling agencies were rejecting
bids for the metal at Is 3-5 cents per
pound-its highest figure in almost s
years.
the movement elsewhere bore indis-
putable evidence that the market for
a time at least had absorbed all it
could comfortably digest.
Issues on a Point.
American smelling, whose meteoric
rise in the last few days attracted
much attention was inclined to heavi-
ness from the outset as were also
United States steel and a majority Of
the standard railway shares. Most Of
these ssues were o fla point or more
before noon and later made further
recessions on aggressive short selling.
AS an Offset. many minor issues.
including American can American
beet sugar, corn products, the electric
and the Independent steel shares We're
a point or wv above yesterday. The
rise in these failed t oenlist popular
support. however. and some fell back.
Abrupt declines In Union Pacific
and steel in the early afternoon and
further weakness in smelling wiped
out much Of the sudden rise in Anal
gamated copper and the undertone be-
came heavier than before. The set
back conceded with London news that
the English mine owners were not
very hopeful Of an early solution of
the strike troubles and the decision
of American railway engineers to vote
on the the question of a strike.
Prices rallied a point or more from
the lowest in the last hour under
spirited buying of Reading and an in
creased demand for the local trac-
tons especially i~nterborough prefer
red. Other features of strength in the
late trading We're Missouri Pacific,
International Harvester and American
beet sugar the latter adding to its
early gain.
Amalgamatcd Meets in April.
Regardless of clrcumstantial ru-
mors that copper metal had risen Is
IL cents. Amalgamated failed to hold
more than the smallest fraction of its
midday gain. Anaconda directors met
popular expectations by declaring the
regular quarterly dividend. Amalga-
mated. which controls Anaconda will
mold a dividend meeting early in
April and the street" looks for an
increase over the present rate.
London vas a seller here probably
to the extent Of $4,000 shares mostly
steel and supposedly long stock.
American securities carried a four per
cent rate over the London settlement.
Coal Situation Tightening.
Increasing tension in the domestic
coal situation "a found in the cur
tailment of coal movements by water
out of Pittsburg.
Atchison Shows Well.
owing to n nominal increase in op.
Grating expenses the Atchison road
was enabled to return an excellent
statement for February-its net earn
ings for that month was featureless
Total sales. par value aggregated 81.
$4,000.
U. s. government bonds we're un.
Chicago. March 27.-Export sales
and alleged crop damage carried
wheat prices today to a higher level.
The close was firm 1-2c to 3.4@7-8
above last night. Corn made a net
advance of 5-8@3-4 to 3-4c, oats a
gain of 1-f to S-8c, and hogs products
became more expensive by ~ 1.2 to
80. "
Wheat finished at almost the top
! today. Seaboard sales for ocean
shipment we're said to amount to 176.-
600 bushels. The fact that the for.
eign demand showed itself at more
than one port tended to emphasize
bullish feeling. Besides domestic cash
interests exhibited an alertness not
much In evidence Of late. One reason
was that California millers had put
up the price of -four 40 cents a barrel
and were proposing another life be-
cause of. an active call from Mexico
and China. Decreasing stocks of
against the bears and 30 did Argen-
tine news Of unfavorable weather for
shipping.
Ohio and other states east Of the
Missouri river furnished pessimistic
crop advices regarding late sown win
ter wheat. and more than offset early
dispatches Of a different tenor from
regions to the west. During the ses-
sion. May ranged from $l.02 IL to
$i:o3 81. with last sales at 3l.os 1-2
OBS. an upturn Of 3-4@7-Sc COM
pared with twenty-four hours before.
Corn equalled about the top price of
the season and ended within a shade
of the best figures for the day. The
market began easier on account Of the
mild weather. but there was liberal
buying for manufacturers and at the
same time a little Improvement in the
cash demand from the east.
Talk Of decreased acreage on ac-
count OF late seeding helped the price
OF OTIS. Predicted rains west promised
to cause further delay to spring work.
Outside limits touched for May options
were SO 6-sc and 81 l-sc, with the
close 1-4c net higher at SIC even.
Provisions showed strength all day
but especially after the verdict mot
guilty" in the packers case. Advances
for corn and hogs appeared to exert
considerable influence in the direction
of higher prices. The sharpest rise
was for pork 26c to 30c a barrel.
New York. March 27.-special ca.
BILE and Geographic communications
received by Bradstreets show the fol.
lowing changes in available supplies
as compared with previous account:
UYh~k -S