The times. [volume] (Washington [D.C.]) 1897-1901, 1901-04-03
IRREGULARITY IN STOCKS
Early Extreme Weakness Fol
lowed by Fair BecOveries.

Money Conditions Attract Attention
in the Market - Realizing Sales
Heavy - Burlington and Northern
Pacific BuOyant-The steel shares.
NEW YORK. April "A number Of cir
cunlstaEccs were generally cited today
in connection with the exceedingly ir-
regular tendency of the dealings IN the
stock market. Among them was a slight
furry in the money market at the close
of business yesterday which was taken
to presage more active conditions there
At the same time hardening money mar
ket conditions are commonly looked for
around the first OF the month, and par
ticularly at periods when bank reserves
are comparatively low.
In view OF the tremendous exchanges
made at the banks clearing house settle
ment today it is little short of amazing
that the furry in money was not more
pronounced than il was. Discussion re-
garding the probabilities of the money
market was again active today, although
the actual conditions there We're somewhat
easier Out of town banks in particular
offered large anc .,nts of money on time
ana were not disposed to be over-dis-
eliminating in the matter of collateral
The bulk of the / proving on call today
was effected around per cent
In addition to the monetary situation
other matters which engaged attention
were the approaching departure for Eu-
rope of the most conspicuous figure in
the financial world, and a good deal of
decidedly premature discussion in regard
to the prospects for the corn crop. The
latter was specifically responsible for
the erratic movements in the granger
stocks, which after the opening were
under material pressure.
Shortly after midday. however, there
was a decided recovery in this group, fol-
lowing upon an exceedingly rapid adj
vance I'm Burlington and Quincy. The
public at large was again without any
definite information respecting the status
of the rumored Northern Pacific-Burling-
ton and Quincy deal.
NOTABLY firm features of the railway list
throughout were Missouri Pacific, Texas
Pacific and st. Louis and Southwestern
The strength of these stocks was appar-
emily based on current ideas in respect
of the amalgamation of the Gould rail
way properties The movements else
where in the railway list were uncer-
tain and generally limited.
Profit realizing sales were immense IN
volume in every quarter OF the market
The uncertain character of the price
movements initiated against active deal
fnes by commission houses and there was
a falling away in the volume of business.
Iondcn furnished a lower range of prices
for American stocks and sold moderately
here throughout the forenoon session.
Only few statements Of railway traffic
were submitted and there was other
wise q virtual absence of news bearing
on particular stocks.
There were again exceedingly large
dealIngs in the United States Steel Cor
poration stocks, which moved in line with
the remainder Of the market. II was re-
ported that application had been made to
list the new securities on the stock eX-
change.
very heavy dealings were conducted
in the local traction group, which was
generally strong. with a particularly
sharp advance showing in Manhattan
Railway The particularly persistent ru-
mors that the control of the elevated lines
were naturally to be heard again today,
and Irrespective of their verify. they
were beyond doubt Instrumental in the
course Of the traction stocks
There were also some exceptionally eX-
tensiVe movements among the specialties.
Colorado Fuel and Iron scored sensa-
tional rise. and there We're wide fiuctua-
lions I'm Tennessee Coal and Iron. Pacific
Mail and ANA igamated Copper were also
much stronger than they have been for
a number of days. Western Union. on
the other hand. was reactionary. as TO
q lesser extent was Consolidated Gas