The age-herald., 1902-03-26
STOCKS REFLECT
 TRIPLE HOLIDAY So Long an Interval Prompted
 Closing Out MONEY MAY GET SCARCE Some Few Gains Were Noted, But as General Rule Losses Were More Numerous Than the
 Betterment.
MONEY MAY GET SCARCE

New York, March 25.-Todays stock market began to reflect the expectation of the coming triple holiday from Thurs' day until the Monday after Easter So long an interval in the trading always prompts some closing out or accounts There Is the additional incentive that the narrow resources of the money marKel may lead to a furry in rates when the demand develops for loans to carry over from Thursday until Monday. There were no immediate developm ents of importance in today's money market but numner of important requirements are to be met for the first of the month and the begin ming of the coming quarter. There re- quirements are known to be so consldera- ble owing to the projects of syndicates' that the available credits of the banks within the legal requirements of the 25 per cent cash reserves would be more than wiped out in meeting them An extensive shifting of loans obviously Will be necessary to meet the situation Bank CTS express confidence that the steadlness of the money market will not be disturb ed, but spectators on margin with bor- rowec money know from costly eXperi- ence that this does not necessarily mean that their call loan accommodations will be undisturbed at point There was re- Yival of apprehension this morning of la bor troubles in tho Anthracite region which seems to be Justified in view of the contingent order of the convention before adjourning for a strike unless cer- tain demands are compiled with. Re- assurances on the part of those connected with the coal interests that no strike was anticipated were not wholly effective, and there was some active liquidation, especially in the Readings. The issuance of injunctions aginst Western railroads, forbidding rebates and rate cutting was not unexpected, but the reported determ- ination of the interstate commission to hold a further stringent inquiry into the rate question was a surprise and had a chilling influence. Preparations for fur ther suits in state courts against the Northern Securities Company was to be reckoned with. The testimony of the points in the great contest for control of Northwestern railroads which is being taken in legal contest, is read with great attention in Wall Street and not altogeth- CT reassuring on sentiment. There was a slump of more than points in Evans vile and Terre Haute. The advance was renewed in Colorado fuel after som e early heaviness and the stock gained G-, allowing for the dividend off North American made a further upward dash and late in the day the Kansas City and Southern stocks and the Minneapolis, St. Paul and Sault Ste Marie stocks forged upwards without explanation. These gains were the exceptions to the rule which was on the side of losses. Anal gamated copper was supported in face of the postponement of the Anaconda dividends meeting and closed with a small gain. There was heavy selling of the Wabash debenture b's with loss of IS per cent. Otherwise bonds were irregular. Total sales par value $2, 350,000.
 United States bonds were all unchanged pn the last call.
 New York Stock Market.
 By Private Wire to Murphy & Ca.