The Montgomery advertiser., 1902-04-30
WALL STREET REVIEW
MOVEMENT OF PRICES coNFUs.
 ED AND IRREGULAR
Evidence of Diminishing Speculative Interest Was Also Apparent Attempts to Take Profit Re-
 suit in Relapses.

NEW YORK, April 2e.--The movement of prices was confused and irregular all of to- day and there was evidence of diminishing speculative interest The wide movements in high-priced stocks continued feature. but the Influence of the advances was impaired by some equally notable relapses in stocks where attempts were made to take profits. case in point that of New York. New Haven and Hartford. which fell violently points on an attempt to market small amount of the stock because of the emphatic disclaimers from both Pennsylvania and New York Central authorities of the rumors of purchase of con trol. There was late rally of several points in the stock. New York Central and Pennsyl- vana also quilted down from their recent activity and strength. In fact, there was very little show of strength throughout the Eastern mittee of operators and miners to discuss dis puted points in the anthracite field was a oppressive influence on all coalers. The de- crease reported in Reading surplus earnings for March unfavorable influence. The very heavy decrease in net earnings of the Southern Railway for March was certainly not a stimulating influence, although it counted for largely by the notable increase in operating expenses. The Western railroads on the other hand were benefited by the crop news and by the weekly crop bulletin of the Weather Bureau. which was considered very favorable not only regarding the condition Of Winter wheat, but as to the progress made m seeding and Spring wheat The grain carrying railroads were also helped oy the which toR and 5A, respectively. Rock Island gained an extreme 5a, but lost over 2 Wheeling and Lake Erie stocks was evidently due to the apparent certainty that the bid of the syndicate representing the Gould in ferest for the Western Maryland will be ac cepted. The industrials were marked by quite great irregularity as the railroads and changes there were constant and variable. further advance in the foreign exchange mar ket and drop in the sale of sterling at Paris both contributed to narrow the margin still remaining from the gold export point. The money market however was still undisturbed. Much attention was attracted by action of the clearing house authorities requiring that institutions which shall be admitted hereafter to the privilege of clearing through members must be established for a year and must maintain in their vaults the same per centage of cash reserves required of the members themselves. They will be required also to furnish weekly statements of aver ages for publication. This action Is calcu lated to put restraint upon the multlpica- ton of trust companies It is carefully ex- plained that the requirement are not retro active. which is to say that is they do not at all apply to the condition of the trust com panies which at present enjoy the privileges of the clearing house. although that condfN tion has been the subject lately of much com- nnent and criticism owing to the freedom of the trust companies from any requirement Of publicity to their loans and reserves.
 The bond market maintained a firm tone today Total sales (par yalueI. S3 T70 GOO United States bonds were all unchanged on call