The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-30
STOCK MARKET
WAS REACTl0NARY
Offering for Profits Were Less Easily
Absorbed.
BONDS CONTINUED ACTIVE.
Any Considerable Ecccssio" in the
Price of Stocks Led TO n Decline in
the Volume Of Offerings and
Dull Market.
'oNDs CONTINUED ACTIVE.

NEW YORK. March o9.-The Stock Ex-
change atmosphere was rather oppfes
Sive during to-day's session. ana me OF
ternEs to take profits were absorbed VIII VII:
less facility than on previous DAYS aUi ms
this week. no better explanation OF tHc
reactionayy tendency OF the Inarket e al
be found than the falling oil in dcilahu
for stocks. There was some raamlIu ...a
ton for the decline, which was clieC .,n
among the industriais and spcciat'ies'
and which brought out Il volume % "
fcrinSs that looked like the uncoEerihS
of stop-loss orders. But in the raiiroaa
list there was no indication OF Aoieeo
selling.
The pratit-taking proceeded apparently
in an orderly manner. and any consid-
cradle recession in prices leo 10 d ue
cline in the volume OF 4hsrinss an anu ~, :,
dull market ST ockS which have gone UP
the most during the week were naturaiiy
most affected. notably the Irans-co ON
mental railroads and the southern II ulih
lines. There some indication OF iosi-
tive weakness in some of the SranScrS
and the coalers- the tendency IN inc lat-
ter group being due TO the Tathcr dlsaP-
pointing February statement oil net C;trl-
jngs for the Reading Company. There
We're not lacking also points Oh Stetlf; " ~
in the railroad list The most notapie
upward movement OF the ga! VIZ ~
stocks of railroads in central 1raHlc terri
tory and what might be called subsidiary
Vanderbilt lines. c., G., G. ana 81 LOUIS
led the movement, and 1t was shared III
by Chesapeake and Ohio; IlttSburS, v;
c. and ST Louis, Canada Southern. ana
the New York. Chicago and st. Louis
stocks.
lne profcssed ground of this advance
was a conference of railroad officials IN
this city. looking to the enforcement OF
agreefYnents TO maintain rates. Inc AZ
Gibson stocks. Louisville and NashVlile
and some other less conSplcuous siochS
continued strong Aside from the desire
10 take profits, the halt in the DuElns ue-
mand was due to apprehension over tho
effect of the gloomy official outSlFlnSS
regarding the prospect for future dlNl-
dcndS on the stock of the Sugar Com
pany. A sharp break in that stock at the
opening seemed to have very Httlc Ell
feet on the market. but when It's weak
ness was seen 10 persist, synpalhellc
hcaviness developed elsewhere in the IN
d11striaI list and among the local traction
stocks There was no indication Oh SUN
ness in the money market. but propaply
the relaxed demand Tor speculative put-
poses had something to do win inns;
London continued to trade actively IN
this market. but with much less influence
on sentiment than heretofore
The bond market continued active and
for the most part strong. thoush mere
We're points of weakness in the list. Total
sales par value, 50. Sf5.0 600 United States
bonds unchanged in bid price
The total sales of stocks today we're
939 100 shares including AtchiSon, Sn9oo'
GOO; Chesapeake and Ohio. 6G,5Go: Bur,
linrton and Quincy, 1906: c., c.. c; and
ST Louis. 27,57o: Louisville and Nash
VILE 14@S5: Manhattan. BID: Metro
Missouri ractic. $3.50: Northern Pa
cinc $3.50: Pennsylvania, 1890; Read
ing first preferred, 11.3o0: st. Paul, 6.ooo;
Southern Pacific, Il ,l95: Southern Rail
Pacific, :52S2e: do. preferred. 9.7$6; Amer,
lean Tobacco. 27.5oo: Brooklyn RAPID
Transit Al 3S:,: Federal Steel, 1850; Peo-
pies Gas. 3o,S50; Sugar. 1850