The Washington times. (Washington [D.C.]) 1901-1902, 1902-03-27
DAYS Movements ReSem-
bic Those of the Mid
Summer Ebb.
COLORADO FUEL AID IRON ACTIVE
Shorts Efforts to Cover Send
Amalgamated Copper Up.
POOL OPERATIONS RESUMED.
Violent Decline in Evansville and Terre
Haute-Reactionary Tendency Almost
General-Sub- Treasury Gains in Its
Dealings With the Banks.

NEW YORK. March 26-This was the
dullest day of the week in the stock
market. The inclination of professional
traders to liquidate recent purchases was
as much responsible for the sagging ten
dency throughout the general list as the
news received and discussed during the
session.
The most noteworthy incident of the
morning was a violent decline in Evans
vile and Terre Haute, caused by the eff
fort to dispose of a small amount of
stock. and following the bookkeeping dis
. closures which will, in all probability,
eliminate dividend prospects on the
shares for some time to come.
Not Comforting News.
The explanation of the story that 81, 000,-
600 OF Evansville and indianapolis COLA
teral had been taken as an asset at par,
while it has not paid its fixed charges for
nine years, was not very comforting to
buyers on the recent manipulated rise.
Following the early decline, those inter
ested in the company gave better support
to the stock than had been previously OBJ
served.
Business elsewhere was decidedly re-
stricted as many brokers and their eli
ents took advantage of the approaching
three days holiday to leave town for rest
and recreation. This served to cut down
the volume of trading and left many pro-
fessionsl traders disposed to even up
their contracts.
Days News Negative.
Generally speaking, the news of the day
bearing upon the stock market prices was
negative in its character and influence.
Conflicting reports concerning the proba-
billy of an anthracite coal strike were
received calmly. Declines in the hard
coal stocks were not very extensive, while
leading interests were disposed TO supply
supporting orders at moderate recessions.
Call money was again firm, and there
were some appreheDsions that there might
be slight furry before tomorrow S clos
ing Firmness prevailed in the foreign
exchange market, with the scarcity of
bills of all kinds continuing and accom-
panied by good enquiry for remittance.
London Exchange Easier
Exchange on London was a trife easier,
but nevertheless ruled firm. Advices from
the West reported that good rains were
falling throughout the wheat belt.
American stocks in the London market
were active, with that centre cabling
prices Is under New York parity. Frac-
tional declines prevailed throughout the
list with but few exceptions at the open
ing of the local market.
The more pronounced movements of
the day were in the industrials and rail-
way specialtics Noteworthy weakness
was apparent in Evansville and Terre
Haute, and the same tone was shown by
Chicago, Indianapolis and Louisville and
the American Ice issues. Sugar was
heavy and lower on small offerings.
Fuel and Iron Active.
ofsettng the reactionary tendency,
there was considerable activity at a
higher range of prices in Colorado Fuel
and Iron common and preferred shares.
The activity in that quarter is due to the
Chicago spectators. who have played
such a conspicuous part in the market
recently, without creating any outside
following worthy Of the name.
An effort to cover a few outstanding
short contracts in Anna lgamated Copper
at the opening resulted in sharp rise.
There is reason TO believe that the in
terests which have been specializing for
decline in this speciality attempted to
reduce their commitments yesterday and
today, ard were only partially successful
Copper Losing Its Influence.
A similar attempt was made in Anacon-
da. and comparatively little stock was Of
fered on the decline, although the post
ponement OF dividend action by the direc-
tors was interpreted unfavorably Manip-
ulstion in the Cuppsr shares has been so
obvious that price movements therein
have lost their influence in affecting the
rest of the market.
Pool operations in Minneapolis. St Paul
and Sault Ste. Marie were resumed again
with some success and efforts were also
made by United States Leather interests
TO develop activity and strength in beth
stock issues London traded in not more
than 1000 shares. about evenly divided
and proved to be an unimportant fact.
Sub-Treasury Gains.
II was TOO early to arrive at any very
definite conclusions regarding this weeks
bank statement. but it is worth noting
that the Sub Treasury in its operations
with the banks continues its daily gains
and up TO today is credited with bal
ance of sos Geo.
AS the day advanced the market became
dull and irregular The fluctuations were
narrow, trading was in diminished volume
and the attendance OF traders in the
Offices Of commission brokers was so
small as TO resemble that Of a midsum-
mer day.
Railway Returns Good.
Railway returns, which were uniformly
good, with the possible exception of those
OF Missouri Pacific received slight atten-
tion. The Atchison February statements
of gross and net returns were particu-
larly favorable. An advance in raw aud
refined sugars was accompanied by a re-
covery in American Sugar.