The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1902-04-29
Financial.
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THE STOCK MARK EFT.
Speculative Interes shows considerable
Falling OF

Falling OF
New York. April 2S.-Speeulative in
terest in stocks showed a considerable
falling off to-day and the full days
transactions scarcely reached a million
shares for the first time in two weeks.
The feverish activity which has char
acterized the recent leadership of the
market was decidedly lacking, if the
rather large dealings in Reading be ex-
| cepted. The tone of the market was
hating and uncertain, and the move
ment of prices was not in unison at any
time of the day. The predominant
movement, while it failed to embrace
the whole list itself changed number
4 of times during the day. The failure of
thracite miners and operators to agree
upon terms on Saturday was a disap-
pointment, and the tone of the comment
of the parties to the conference created
a disagreeable impression. The result
was free selling of Reading in the OPEN
ing dealings. which affected the whole
market. The weakness was, overcome
by strong advances in some of the high
priced coalers,
The part played in the market by the
high priced stocks of which the float
ing supply is very small was notable,
and their wide movements resulted
from light volume of transactions.
As the upward flight of Delaware and
Hudson and Of New Jersey Central raj
lied the Readings, so did the squirt in
the Chicago and Northwestern stocks
give some strength to the grangers and
Pacifics. ST Paul was lifted points
over last night, and there We're gains
of | to 2 points among the Southwest
erns, But the gains We're not well held
and there were constant relapses when
the market was allowed to become
quiet. New York, New Haven and
Hartford was another of the high grade
stocks to move, but it saved only
point of its 7-point advance. Among
the industrial specialties there were
wide advances in Pullman, Internation-
al Power, American Express, Pressed |
Steel Car preferred, Railway Steel |
Spring and some others which are even
lllblV oCipolI dSllNt. ne 1OlloIl VII |
stocks, Virginia Carolina Chemical and |
American Agricultural Chemical were |
advanced on talk of consolidation
There were stocks of number of |
small railroads which were bought on
reports of the large activity Of local |
traffic on the railroads, which is calcu-
lated to benefit especially this class of |
roads and the demand resulted in wide
advances in some of the preferred and
closely held common stocks. Reports
Of railroad earnings received during the
day were generally favorable and in
cluded net earnings for March of a
number of systems. Colorado Fuel and
Tennessee Coal were bid up late in the !
lay as the local fractions had been ear
Ter, but relapsed again without much
effect on the general market. The va
wing movement in the grain market
was reflected from time to time in the j
stock market, but not in decisive way
The usually active industrials were
quite generally heavy The reduction |
n the Calumet and Hecla dividend de-
PRESSED Amalgamated Copper Sugar
vas affected by lower prices for the re-
ined; United States Steel seemed to {
effect disapproval of the bond issue, !,
md United States Leather was affected =,
" realizing. IL
The tirmness of foreign exchange re- !
Weakened discussion OF probable gold | !
xports, but the money market was I'M
ffected. The market closed dull and \
asy. \
The bond market was moderately ac- /,
i've and strong. Total sales, par value,
4 045 900. \
United States bonds We're unchanged
n the last call.