The age-herald., 1902-04-29
SPECULATION IS
 DW|NDLING AWAY lranSaCtionson Market Scarce ly Reached ,OOO,OO0Shares ACTIVITY WAS LACKING Tone of the Market Was Halting and Uncertain and the Movement
 of Prices Was Not
 Uniform.

New York. April 2s-Speculative inter- ing off today and the full days transac- tons scarcely reached a million shares for the first time in two weeks. The fever ish activity which has characterized the recent leadership of the market was de- cdedly lacking if the rather large deal ings in Reading be excepted. The tone of the market was halting and uncertain and the movement of prices was not uni form.
 The predominant moveme ent while 1t failed to embrace the whole list itself changed a number of times during the day. The failure of the conference com mittees of the Anthracite miners and op- orators to agree upon terms on Saturday was a disappointment and the tone of the comment of the parties to the con ference created disagreeable impression The result was free selling of Reading in the opening dealings which affected the whole market. This weakness was over come by strong advances in some of the high priced coalers. The part played in the market by the high priced stocks of which the floating supply Is very small, was notable and their wide movements resulted from a light volume of transac- tions. Central rallied the Readings, so did the spurt in Chicago and Northwest ern stocks give some strength to the grangers and Pacifics. St. Paul was lift ed points over Saturdays closing and there were gains of to 2 points amongst the Southwesterns.
 The gains were not well handled, how ever, and there were constant relapses, when the market was allowed to become quiet. New York, New Haven and Hart ford was another of the high-grade stocks to move, but 1t saved only point of Its ' points advance. Among the industrial specfalties there were wide advances in Pullman, International Power, American Express. Pressed Steel Car preferred, Steel Spring and some others which are even more seldom active. The committee on oil stocks, Virginia Carolina Chemi- cal 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 calculated to bene- fit parent roads controlling them. Rail road earnings were considered tolerably good. Tennessee Coal was bid up late In the day as the local fractions had been earlier, but relapsed again without much effect on the general market.
 The varying movement in the grain market was reflected from time to time in the stock market, but not in a de- cisive way, The usually active industrials were quite generally heavy. The reduc- tion in Calumet, and Hecla dividend de- pressed Amalgamated Copper sugar was affected by low prices for the refined; United States Steel seemed to reflect dis approval of the bond issue and United States Leather was affected by realizing. The firmness of foreign exchange re- awakened discussion of probable gold ex- ports. but the money market was unaf- fected. The market closed dull and easy.
 The bond market was moderately ac- tive. Total sales, par value. $,045, 000
 United States bonds were all un- changed on the last call.
 .1ew York Stock Market.
 n, i,riyate Wire to Murphy & Cn.