Evening star., 1902-04-04
FINANCE AND TRADE
Public Begins to Buy Stocks
Again.
ACTIVITY IN ST. PAUL
LONDON HOUSES SOLD ABOUT
10000 SHARES.
Atchison Showed Strength on Suppos-
ed Reports of Favorable
Crop Outlook.
Special Dispatch to The Evening star.

Special Dispatch TO The Evening star.
NEW YORK, April An the London
| market today Americans were strong in
tone and the market there showed some
signs of a broadening out. Prices averaged
Is to y above our closing tgures Of yester-
day.
In the local stock market there was con-
siderably more activity shown at the open
ing and commission houses for the first
time in long while had a good many buy
ing orders TO execute. public interest beng
encouraged to some extent by the strength
displayed in the market yesterday.
The professionals took advantage of the
public buying to realize rather freely at
the start. and prices in the first few min
utes of speculation. shaded off fractionally.
but the stocks sold were well taken and
the market, after the first selling move
nent was over, regained its strength ana
looked as though il would work higher.
The opening prices. as a rule. were slight
ly above last nights closing figures. Union
Pacific and the internationally listed shares
showing the most strength. Union Pacific
opened y per cent higher, and then. after
a little reaction, on realizing. gained over
y per cent from the initial prices. on large
transactions. the price going over los.
ST. Paul was traded in to the extent of
about 10000 shares and on profit-taking
lost over per cent, subsequently regaining
three-quarter per cent of the loss. Louis
vile and Nashville was active and strong,
and the same was true of Southern Pdcinc
and Atchison shares Texas Pacific showed
some activity and the price quickly gained
over l per cent.
In the industrials. Colorado Fuel and Iron.
after opening off q per cent fell L per cent
further the selling being attributed to the
announcement of change of control from
present managers to the Hawley- Hunting
ton interests, the idea being that there
would be a lessening of the current specu-
lation in this speciality.
Amalg9mated Copper was very quiet; the
dealings in Sugar were only nominal. al
though the stock enjoyed IA per cent ad-
vance at the start. In Leather stocks the
market was neglected and the price barely
steady. Hooking Coal opened III per cent
higher, on talk Of combine of the various
soft coal interests with a capital Of si25.-
0U0,000.
Readings were fairly active and firm.
In the local traction shares there was
very little doing and prices were steady to
firm.
After the first hours trading there was
renewed heavy buying of St. Paul. Union
Pacific common. and the Gould issues be-
gan to show some signs of activity and
strength. The aforementioned sstock again
became the leader of the market, transac-
tions of 1,000, 2O00, 5000 and 4.ool-share
lots being frequent. and the price quickly
ran up to 172. as against 1854 after the
first reaction at the opening.
Southern. Pacific while active and strong
er at the start did not display subsequently
the buoyancy which characterized the other
stocks of that group. and possibly this was
because of the February earnings. published
during the forenoon. which showed a net
decrease for the month of s1S3.126 and a
deficit over charges and betterments OF
s5S1, ,5S2.
London was a seller in our market to the
extent of about 10000 shares OF the high
priced stocks. getting prices near top fig
ures. and there has been a great deal II
scattered liquidation on all the bulges. but
Notwithstanding all this. the market
showed a very strong tone and has broad
enod out considerably as a result of the
more active speculation of yesterday and
today.
Speculation in the afternoon trading shift
ed somewhat, the Readings, Pennsylvania.
Baltimore and Ohio common. New York
Central, Consolidated Gas and the local
tractions coming in for more activity and
strong rallies.
The money market continues to show
ease, some loans being placed on call at
Pc cent, but the market has been nearer
81 per cent; time money is unchanged
a basis of per cent for good mixed stock
exchange collateral.