The age-herald., 1902-03-04
SOME RECOVERY
 IN STOCK PRICES Dealings Were Restricted tO a Very Small Scale OPERATIONS PROFESSIONAL
 - The Days Gains Were Not All Wiped Out, But They Were Con slderabIy Impaired by
 Profit Taking.
OPERATIONS PROFESSIONAL

New York. March S.-There was some recovery in today's stock market, but the dealings were on very small scale and still restricted to corporations by pro fessionals of the smaller class The pro- fessional character of the operations was e;so revealed by the reaction at the close, when the traders came to take their profits. The days gains were not all wiped out, but they were considerably impaired by this movement. The traders who bought stocks professed a feeling of en- commencement over the fact that the cold weather did not extend to the winter wheat belt, now denuded of it's snow cov- ering. The significance attached to this shows that crop prospects are now to play a part in the stock market. There was also a vague confidence expressed in the future of the money market in face of the forced depletion of the cash reserves of the banks now at work. The dealers in stocks offered as an explanation of their confidence the conviction that some of the heavy loans which have been taken out by syndicates since the first of the year are about to be liquidated and thus will relieve the situation. The public is in the dark as to the identity as to the syndi- cate borrowers and as to the purpose to which the loans were applied. Another ground for the buying of stocks was the showing made by the railroads represent ing their net earnings for January follow ing those already reported on Saturday. Of those reporting today the most impor- tant was the Union Pacific, which showed an increase of $73O,617 in gross earnings for the month and of $639 7O3 in net earn ings.
 Union Pacific stock itself made but a light response to this showing but it was an influence in the firmness of the gem eral market Little attention was paid to the reports of damage and interruption to traffic by floods unless it might be in the neglect of the stocks of the railroads in the sections most affected The re- ports of disputes over freight rates and passenger rates in the West and South west were equally without influence. So was the admission by various internation- al banking houses that they all will make probable shipments of gold this week. In spite of these factors the professional traders after a decline in prices for sev eral days made their upward turn in the market, the uncertainties in the outlook, however, were manifest in the small vol ume of the dealings The Chicago and Northwestern stocks made notable ad- vances, the common rising and the pre- ferred A points on light demand said to be for investment. Rock Island also rose 31a points on light transactions. There was an early movement in the cot ton oil stocks on talk of the proposed absorption of other companies in allied trades
 Tennessee coal was a feature on the renewal of the gossip of buying for con trol by the United States Steel corpora tion and it arose at times 2as but lost 1 point General Electric rose 3A. num- Der of stocks both in the active and dormant list was pushed up point while In some cases there were sharp reactions, notably in the Minneapolis, St. Paul and Sault Ste. Marie stocks, the preferred los Ing Sh. The market closed easy at con- siderable recessions
 The bond market was dull but firm. Total sales, par value, g. 305,O ,OOO United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Priyate Wire 10 Murphy CM