Show BOTTOM IS OUT OF SPECULATION f f Excitement of last Week Has Ilas Entirely S Subsided MARKET DULL AND LISTLESS t UNION CONTINUES THE E EI I FEATURE 4 I New York March speculatIve excitement which kept last weeks mar market ket kat stirred up over the Northern Securities Securities ties dissolution had pretty pratt thoroughly subsided In market ned and the tone relapsed Into th the dullness and lassItude of the period precedinG the Northern Securities decision Much less canoe cane was attached to the mystery still surroundinG the affairs ot of the merger the one fact remaining In evidence be beinG lug inG the absorption on a large scale of Union Pacific without news to explain It Sentiment seemed not to be timid over the possIble outbreak of hostilities between the old contending forces in the merger the protestations o of all parties of the desire for peace having its influence once ence In quieting this But there is still a lack or of finality In the dis distribution of Northern Pacific and Gre t Northern which leaves room for uncertainty uncertainty and nervousness It If there are In fact legal obstacles to Union substitution or of those se securities Sc as collateral in place of Its Northern Securities stock the danger of embarrassment for the plans remains may be the desires of the par parties ties for peaceful settlement A suggestion suggestion tion was heard today o of a pOl possible sible from rain such a dilemma by the exchange by private em nt of Union Great Northern stock for tor Northern Pacific stock of the tho other reCIpients which would establish the status quo of the holdings for the great railroads con concerned concerned Union Pacific made a rIse ot of a point in the morning but did not hold bold it The weakness of the tho merger stocks In the curb market had a bad effect on It and upon the whole market markot The London settlement Induced some demand for American stocks from that Quarter on the part of uncovered shorts The later mar ket Was made up of a few special move movements ments in indivIdual stocks which proved to be without general influence e on the market Tue rise in Amalgamated Copper WaS due to the encouraging reports of the do de demand domand mand for the metal and the large ox m ports making United States Stales Steel pro pre erred still hung back Cheerful reports or of current conditions In the Iron and steel trade are b by the fears or of ora ofa a poor showIng for tor the qUarter the ie turns or of which are expected to make their appearance next week Money con very easy but the tho firmness of I foreign exchange kept expectation alive o of gold engagements for export The rise in the sOuthern group of railroads som something like general strength In n i the market and the closinG was steadY with prices or the prominent leaders UP 8 poInt or more Prices of It bonds were well held Total sales par value alue United States new coupon advanced 3 per cent on call for the tho aa day |