The age-herald., 1902-04-30
PRICES CONFUSED
 AND IRREGULAR Advances Were Impaired by Some Notable ReIapses CHANGES WERE CONSTANT There Was Very Little Show of Strength Throughout the East
 srn Railroad Fieid-5onds
 Kept a Firm Tone
CHANGES WERE CONSTAN I

INV York, April 23.-The movement of pri1es was confused and irregular -sll of today and thare was evidence of a dimin- ishng speculative interest The wide movements in high priced stocks contin- ued a feature but tho influence of the advances was impaired by some equally notable relapses in stocks where attempts wore m ade to take profits. The case In point was that of New York, New Ha- von and Hartford which fell violently 9 points on an attempt to market a small amount of the stock because emphatic disclaimers came from both Pennsylvania and New York Central authorities of the rumors of purchase of control There was late rally of several points in the stock. New York Central and Pennsyl- vanio also quieted down from their recent activity and strength. In fact there was very little show of strength throughout the eastern railroad field. The session of tho joint committee of operators and miners to discuss disputed points In the anthracite field was a repressive influence on all coalers. The decrease reported In Reading surplus earnings for March was an unfavorable influence. The very heavy decrease in net earnings of the Southern railroad for March was certainly not a stimulating influence, although It was accounted for largely by the notable in- crease in operating expenses. The west ern roads on the other hand were bene- fitted by the crop news and by the weekly crop bulletin of the weather bureau which WAS considered very favorable not only regarding the condition of winter wheat but as to the progress made in seeding corn and spring wheat. The grain-carrylng roads were also helped by the special strength of the northwestern stocks which rose 101a and 5%, respectively
 Rock Island had gained an extreme 59s but lost over of 1t. The strength or the Wabash stocks and of the Wheeling and Lake Erie stocks was evidently due to the apparent certainty that the bid Of the syndicate representing the Gould in terest for the Western Maryland will be accepted. The industrials were by quite as great irregularity as the railroads and changes there were constant and varlapie'
 further advance In the foreign ex- change market and a drop in the sale of sterling at Paris both contributed to narrow the margin still remaining rom the gold export point. The money mar ket, however, was Stlll unulSturpeu' nuohi attention was attracted by action of the clearing house authorities requiring that institutions which shall be admitted here after to the privilege of c,earing through members, must be established for a year and must maintain in their own vaults the same percentage of cash reserves as required of the members themselves. They will be required also to furnish weekly statements of averages for publi- cation. This action Is calculated to put a restraint upon the multiplication of trust companies It is carefully explain ed that the requirements are not retro active which is to say that they do not at all apply to the condition of the trust companies which at present enjoy the privileges of the clearing house, although that condition has been the subject late ly of much comment and criticism owing to the freedom of the trust companies from any requir ement of publicity as to their loans and reserves.
 The bond market maintained firm tone today Total sales par value $3,77O, GOO. United States bonds were all unchanged on the last call.
 New York Stock Market.
 Ky Priyate Wire to Murphy q ca