The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-05
ANIMATION IN
STOCK MARKET
Dealings More Active Than for.
Some Time Past.
GOOD GAINS WERE SHOWN.
Selling 10 Take Profits in the Final Hour
Made Heavy lnroads on Advances. j
Tho Close Was Dul| but
Steady.
GOOD GAINS WERE SHOWN
(Bs Associated Press. |

NEW YORK, April 4.-yo-das's stock
market gave unriistakable evidence ol q
substantial recruiting OF tho sPecu.aStre
element Tho movement was good deal
of a mystery. both as TO Its motlVe any any,
as to the identity OF the operators. stoch
market gossip attributed At TO INC SANE ne
group OF western capitalists 10 whlch
many recent movements have been attrl-
buted, and which has been supposed 10
be concerned in the present large specuia-
tive operations in the grain markets. Inc
dealings in St. Paul and Union PACING
were vividiy reminiscent OF the days OF
the boom OF last year. II the dealings IN
these stocks are added to thise IN LOUIS
viiic and Nashville and IN Southern Paci-
1ic, 1t wiii be found that considerabi
moro than one-third OF the days aEGre-
Sate transactions arc ACCOUNTED Tor. II
WAS not until latc in the daE<tn TACT that
much impression vas made upon other ,r
New York Public Utilities. New York Cen
trail and Pennsylvania were then brought
forward with spasmodic5 advances In
the final hour selling to take profits made
heavy 1nroads upon prices and reduced
all Of the principal gains to fractional linn
its. The market closed dull, but steady
There was no news to account for the
sudden demand for stocks, although
rumors were plenty. pointing to a fresh
readjustment Of control in the TranEeon-
tinental railroad system. Rather the
movement seemed based upon an aSsump-
ton that the time of doubt and 11ncer-
practically past. with the largest require
inents upon the money market supposed
to be met and with the crops assured Of q
good condition after the winter to start
The season with. To account for any such
total of sales as those recorded in the
principal active stocks to-day, allowance
must be made for the sale and resale
many times OF identical holdings. The
general reaction at the end Of me day
also points TO the tentative character OF
the speculation. There was very active
realizing among many of the Specialties
recently advanced. consptcrouS!y Sugar
and Colorado Fuel. Neither was there
was there lacking the wide advances in
obscure Specialtics which have recently
characterized the market. There was no
change in the situation of the money
market, except as indicated by a loss of
cash by the banks during the week Of
over s.. 000. 900 TO the sub-Treasury, which
is Offset by gain on the interior Of less
than s1.000.0o1 The frmness of sterling
exchange and the further decline in Paris
rate of sterling point to gold exports
next week. The local money market was
quiet, however. and the forecast of the
bank statement made very little impress
sion on tho stock market.
There was an active demand for bonds
for which there was a good open market
all day. Total sales. par value, $3.50. COO
United States bonds We're all unchanged
on the last call.
The total sales of stock for the day
We're 1.134,200 shares.
MONEY AND EXCHANGE-Money on call
steady at 3Gl4 per cent; closing bid and asked
81 ass per cent: prime mercantile paper.
s5eG5 per cent. Sterling exchange steady with