The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-27
STOCK MARKET is QUIET
AFTER WEEK OF ACTIVITY.
TRUNK LINES SHOW ENI
DENCES OF STRENGTH.
Interests Engaged in Grain Specu-
lation Keep Regular Trad
FRS Guessing.

New York. April 25.-To-day's stock mar
kCt was rather quiet and gave very little
evidence Of the activity Of the large specu-
latt'e forces Y hich II y" kt: ur the ari
rraiion OF the market during the week.
t'"urev'Vania nnt Nee York Central were
TIE "Uly conspicuous stocks to show sis-
lats'i strength. Win soaGc sympathetic
.t'n|"n"" 90 the stocks Of subsidiary or
allied ccrrDaries. The l2-pcint rise in New
Apk. New Haven AMI H"rtf1rd was sup
1'.,r' t. lave su:nc connection with the
Strength cf the two principal trunk-iine
stocks. Tkol- were sharp Advances in a
number OF ind IstriaIs and specialties,
which had no apparent connection. and
Nrlr not '>p'@ined by any news develop
inert. The bank statement proved closely
lu accord with yesterdays preliminary es-
iinates. and was accepted as favorable. but
Inc attempt to make realizing sales on the
%NFec'atlon that demand fer stocks would
he attracted by the statement found IA
Yielding market. and prices were carried
hpWnw3rd IN many important stocks II he
low last nights level. Yesterdays support
{or the lNittd states Steel stocks WAS lack
IhtS. and these stocks We're heavy through l.
out. The GrIngers seemed somewhat af-
ieot"d iy the fnmor tone 81 the grain mar
y" Sequel 10 southern. Spurt.
TIRE vas no sequel - ycsterGi! : late
SiC't IN southern ita'iway. ard that stock
sagced uEttl ire clos.
The closing generally was active ard easy.
The "eSSion Of the committee having in
hand the attempted settl5 ment CT the an
thracite miners daIlands WIS n t.
peSsiNs influence on speculation. hut tne
tone OF the market seemed chiefly due 10 the
di-posif on ri operators 10 take Il whole
holiday instead o! Il hail daT after the con-
siderable activity and excitement IF the
week. With the I ricd of Sr1Uth OF the
winter wheat crop and the approach of the
seeding period for corn and spring wheat,
the stock market this week has reflected the
lWpCrtanc attached to the crop prospect
as outlining the hcpe of continued prosper
ity for tho whole country. The remarkable
hot weather early in the week and the alb
scnce Of moisture turnad the prices of
stocks downwarGs and there was n" appre-
In wheat and reports Of rain in the South
west gave hope of relief from the threaten
ing conditions. 1t i notorious that the
market is vorv active also in the grain mar
fets ana for this reason much manipulation
was evid- Mt in both markets and current
rumo-. were much given to eXfgCeration.
Cora scare Is Premature.
For instance. reports in circulation that
the r:r@eD: corn cro1 WAS seriously threat
"nei are scarcely warranted at a time
when. the seed is not even in the round,
The influence Of last years corn slprta%e
j. 10. oil IioUs in the c5Eh;rv's domestic
and foreign traffic not to make The outcome
of the com ng crop one of paramount I'M
portanco. During the current yer tie corn
shortage has not materially affected the
merchandise movement to the corn region.
AS NDF ptt-lt ltltl' Ntlf IA a prosperous
condition from several good previous years.
IS Is always the case. also. the shortage
IN cora led 20 large marketing or liN,
5 took. so that the railroad traffic WAS well
maintained. Rut another corn crop failure
could not but materially affect the earning
mower of IA breads. After coming throu, n
The Writer in only moderate concitiol. the
winter wht al crop has undoubtedly suffered
considerable deterioration during the past
Eeek. Notwithstanding the strong Influence
~ the grain situation is obvious. that strong
and aggressive spocalat We forces are Sill
active IN the stock market. and they have
been alert in shifting from one point TO
another and developing strCnS spots. Cor
iidenca in the general railroad situation Is
fostered by the general high level of earn
ings reported. and by such special exhibits
as tine annual report Of Lake Shore. with
its great surplus earnings over extraoT-
,inary expenditures out of earnings for
betterments. The details of the great Ia
terngtional steamship merger are accepted
as evidence Of progress towards the
strengthening and cOnso.idat on Of the
transportation facilities. 10th domestic and
International. Of the country.
Community of Interest In Roads.
The working OFT of the community of in
evidence. and some OF the weeks buying of
interest of the great runk-line svsterns in
furtherarce of the policy CT division of con-
trol o: that traffic amongst l5e 10. LaSe
Shores report cf the acnu s't'on Of q larre
block OF Lshigh Valley Is e~v.iaroc ii the
a. L. 81 lA-1 sL@.-