The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-02
STOCK MARKET GOSSIP.
Factors Which VIII Influence Spccu-
Intion During the Week.

NEW YORK, April IA number of new
factors are likely to influence the stock
market for good during the present week.
The April disbursements for dividends and
interest are at hand. The accumulation of
funds for these disbursements has caused
no hardening of the money market as it
might have been expected % do. During
the week millions OF dollars will be re-
leased and much of this money viii be
seeking reinves,ment. The early weeks
in April are nearly always bull weeks in
the market. April disbursements are eX-
ceeded only by those Of January and July.
Interest becomes due and is payable to-
morrow on bonds having par value of
81 Isl .gS2, 49, the amount of such interest
being $26036, 533. as compared with S2i.-
S3S l62 las year. $2i O61.1G4 in 1895, $40
797. g17 in 1891, and $50 715 296 in 1896.
Dividends are payable on stocks whose par
value is $l2Sg. i7g 1872. the amount of such
dividends being S25.474. 1876 against $l9,
40. 754 last year, s17.6S4 ,61S in 1898, Sl6,-
297 1o1 in 1897. and $l3.9519S0 in 1896.
The circulation OF he national banks in
creased last week $1,000, coo, making the
total increase $14.o0GO00 since the enact
ment Of the new currency law. The week
ly statement of the New York banks was
all that the bulls could wish. The expau-
sion Of business and speculation caused al
increase of s.. $50. SEQ in loans. while de-
posits increased SI,100, 200, owing to the
accumulation OF funds in anticipation of
the April disbursements The surplus re-
serve made further increase of Si0lS.SoO.
bringing that item up To $685., $50, with
prospect of still more improvement this
week So far as the money market is COLI
cerned. everything favors those who oper-
To IN h.a 1nnp ciIa pf rho market. right
money is one Of the conditions which the
very conservative brokers have warned
operators they should look out for but the
critical time has passed without the
slightest cause for furry and there is
clear sailing ahead so far an abundant
supply of loanable funds is concerned.
'-Dun's Review" says gross earnings oil
all railroads in the United States reporting
for March to date are 500, 7I2 III, gain
of per cent over last year. and of IL
per cent over 1898. The improvement is
most noticeable ON trunk lines. Central
Western. and grangers-roads most al
fected by the snow blockade Of the first
week. Northern Pacific continues to re
port large gain. and Southern and Cen
trail Western roads considerable gain
over last year On nearly all roads earn
ings are much larger than in 1898, when
traffic was the best Of any year up u that
time. The greatest gain measured by per
cent was made by the Pacific roads, whose
gross earnings for March increased % per
cent. Business generally is good.
The big steel and iron group will feel
the effect of the more hopeful outlook for
the settlement Of the labor troubles in
Chicago. II is said that the situation is
better than was expected, ard that few
DAYS may reasonably be expected to see
an end OF the trouble. The April advance
in the soft coal rates is another bal ish
facror Of inpcrtance.