Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-03-31
FINANCE AND TRADE
Stocks Opened and elosed
Str6g- Weak Between.
Changes IN QUOTATIONS
A NEW RULE WENT INTO EFFECT
TODAY.
Stocks of rss Value Under 100 to Be
Quoted On Percentage
Plan.
Dispatch to The Evening Star.

cksS -.
Special Dispatch to The Evening Star.
x NEW YORK, March 31.-The stock mar
ket, after the protracted holiday. opened
with Sonly axfaE degree of activity. while
prices. owing tosa very fair bank statement
Saturday ana a postponement for month
at least of any anthracite strike troubles,
showed slightsfractienal gains at the start.
Reading issues Union Pacific, Southern Pa
eihe, St.. Pauf,s Amaigamated Copper, Penn
sylvanta andSSugar were among the stocks
showing the ADVANCES of from * to q per
cent over Thursdays closing prices.
AFTER very few, minutes, however, the
market Quoted. and when it was plain to be
seen that there was no aggressive leader
ship on thegpart Of the bulls reactionary
tendency DEVELOPED, in which most of the
active stocks on the list sustained losses
from the early list, and in the case of Colo
RADIO Fuel and Metropolitan Railway, some
what below the closing prices of Thursday
last, the latter stock being sold rather free
~ ~ by very prominent house in the street.
The 500 stocks were about the only ones
to retain their strength.
Anaconda was quoted under the new rul
Ing at ZIG. and subsequently there were
sales at ia, equivalent to decline of 3a
new ruling mentioned above it might be
Well to state that one of the new provisions
Of the new constitution Of the New York
Stock Exchange Is that hereafter stocks
quoted in percentages, there are about
tWenty-foury or more issues that will be
affected by the ruling.
Anaconda, for instance, instead of being
quoted at 29B at which it closed on
Thursday last, would be quoted at 1I7h.
The par value of the stock is SIS and 293s
dollars Is equivalent of 17A per cent above
par. The new constitution took effect to-
day Stocks which have a par value Of
$40 or less, however, will continue to be
quoted as heretofore.
Developments in regard to the crop out
look seem fairly good, and 1t is generally
expected that the reports to be issued by
tho government April 10. showing the con-
ditfon Of winter wheat on April 1. will in
dictate Improvement over the very low av-
erage reported In December. The market
began to show some little improvement at
ter the noon hour, and from that time up
to 30 pm, prices generally had worked
pack to about the early best, but activity
vas lacking. -.
1t was Hot until about o'clock that some
aggresslVehess Twas shown on the part of
the bul1snSt. Phul, Canadian Pacific, Colo
rado Fuel and Union Pacific and Chicago
and Northwest all becoming active and
strong, With gains extending from u to TX,
the latter in, Sc. Paul.
One explanation of the Inactivity that
characterized the market in the earlier
hours of trading was that a great many of
the leading operators had not yet returned
to the city, and 1t was expected that the
market would gain in activity and strength
as the week advanced =.
Money loaned at AZ per cent There was
some talk Of gold exports in the near future
on accountofathe British and Russian loans
now approaching. but this talk had very
little effect enrsentiment. The Journal of
Commerce estimates April Industrial div
ldend dlsh4rssmRflts at $19,114,532. s....-. 81,