Show MARKET DULL AND STAGNANT Few Hore Shares Dealt in Than o on Tuesday SOME GAINS EST ESTABLISHED SHORT RALLIES DURING THE THELAST LAST HOUR Nework May were a few rew more shares dealt in on the stock ex exchange exchange change toda today than on yesterday but the listless character of the trading was not altered The market showed the same disposition to yield the days extreme changes the only difference being that yesterday those changes were declines decline made in the first hour and followed by a slow movement of re l while today the only consider considerable considerable able gains were established during the first hour and nd were slowly yielded afterwards The exception was St StPaul StPaul Paul which made its highest prices later in the day responding to sev several r U distinct buying movements movements which lifted the price a stage higher each time The The of this special movement on the general list steadily diminished throughout the day and practically lost Its Influence ju in the later trading Union Pacific P showed a sp special cial sym sympathy path pathy at first and was almost as active as St Paul itself but its price dropped and its activity diminished before the operations In St Paul closed Those operations were attributed very largely to professional account and the many rumors afloat to account for them as associated associated St Paul and Northern in one wa way or another The assertions regarding these two companies pointed d to absorption of one by the other the absorbing company varying in the rumors Meantime Northern Pacific itself and Great Northern showed evi evidence evidence dence of some some pressure and this largelY deprived the St Paul movement of its influence The market had some help from a renewal of reports in circulation In European financial centers of a revival of efforts amongst the powers indirectly Interested to bring about peace in the far east The London stock market showed sensible relief from the pros pres pressure sure of belated liquidations which has caused depression there for several days past The weakening of the price of wheat on of the weather re reports reports ports showing clearing conditions and more favorable prospects in the winter wheat belt helped the market macket Re Reports Reports ports of a project on the part of Kansas City Southern for securing an independent outlet to New Orleans gave some strength to its stocks The most effective check to the in influence fluence of the St Paul movement was as the heaviness of the United States Steel stocks which were depressed throughout on the fear that the Iron Ages weekly review of trade conditions would make an unfavorable showing The appearance in Wan Wall street of the advance sheets or of that review were fol followed followed lowed by an active selling movement which weakened all of the metal stocks and especially the United States Steel stocks Anxiety was caused by the statement that the buying movement of pig iron had been almost arrested while indications were that the job jobbing jobbing bing trade nad iad over bought early carbo in the year in the higher lines Jines of finished iron and steel and that the offering of con concessions concessions cessions was of problematical success In moving goods The feeling is abroad says the Iron Age that a fresh buying movement cannot wen well be expected until well into June and that the crop prospects will have a decided Influence upon the movement This broke the market and wiped out the days gains for the most part There were some rallies on short covering but the closing was un unsettled unsettled settled Bonds were steady Total sales par value United States bonds were all un unchanged Unchanged changed on call |