The Birmingham age-herald., 1902-06-18
STRIKING GAINS
 BY FEW STOCKS #.=
 Prices Irregular in Spite of Bet
 ter Movement SOME PROFIT TAKING There Was Active Liquidation in Sugar Owing to Unfavorabe Opinion of the Chances of the Cuban
 Reciprocity Bill.
SOME PROFIT TAKING

New York, June 17.-Y esterday's market was about maintained today and the de- gree of diversity of the trade was very similar. The movement of prices was rather irregular in spite of the striking gains by some of the stocks which led the market in point of activity. A move ment to take profits in St. Paul adoeo to the irregular appearance of the mar ket, the grain-carrylng roads geher- ally showed some conspicuous points oA strength The upward movements In Reading were also pronounced and the dealings in that stock were on very large scale. even after allowing for its enumeration as half shares. It was not clear that the large buying movements in all cases was from identical sources, but 1t was evident that the operations were in concert. The brokers who were buying Reading were sellers of St, Paul, while. the large absorption of Missouri Pacific seemed to come from other sources said to be a pool, which. has operated in 1his stock for many months. Uuion Pacific maintained its recent sta- hle tendency and the Atcbisons were not so active as yesterday. Several minor stocks among the gl angers were active, notably St. Joe and Grand Isle stochs, under the combined influence Of the ap- proach of the dividend period and rum0rs of absorption by Union Pacific. There was great irregularity amcrg the indus trials, but the most important stocRs III that department were heavy. There was active liquidation in sugar owing to nn- favorable opinicn of the chances or Ch- ban reciprocity in the Senate.
 United States steel stocks were depress- ed by yesterdays injunction measure against the stock conversion. General electric was easily forced down points on light selling. There was demand on the part of spectators for American car, American snuff, bicycle preferred and New York dock, the last named rising oA points. There was no news to explain The movement among the leaders beyond the progress of a speculative campaign. The excitement in the corn market seem ingly did not affect the corn-carrylhg roads, and 1t was not associated With pad crop reports. The falling of showers Tn the cotton belt was learned with satlsIac- ton and the strength Of wheat Tn Ior- eien markets which was reflected here was a favorable influence on the prices of securities There was no news of the coal strike to account LOT the strength of Readings, although assertions were heard in Wall Street that the collapse of the stock was probably near at hand. There was no uneasiness apparent ovt the money market notwithstanding the approach of the time for the preparation for the semi-annual settlement and the known requirements of the several syndi- cate operations, including the payment of $S,o00,O0o for the Western Maryland railroad to Baltimore this week. The market closed quite active and steady.
 The bond market was irregular. Total sales par value S2,245,0O0.
 United States old As, registered, declined K and the new As A per cent on the last call.