The Washington times., 1902-04-03
Practical Deadlock in the
Stock Market Remains
Urlbroken.
GOLD EXPORTS UNLIKELY JUST NOW
Declines Scored in American
Ice and Amalgamated
Copper Shares.
STANDARD RAILWAYS FIRM
Weakness in Sugar Refining Followed by
Raliy-Movements IN Miscellaneous
Stocks Lack Signifcance-Animat
in United States Leather.

NEW YORK, April 2.-There were vir-
tually no developments of general i'm
portance presented for consideration in
this mornings news and the stock mar
ket at large continued in the condition
of practical deadlock which has now
existed for so long a time. Perhaps the
most important item was the Govern
ment's weekly report setting forth the
meteorological conditions bearing en- 'he
crops.
Satisfactory Showing.
The showing was highly satisfactory,
particularly SO far as the winter wheat
States were concerned, but 1t could hardly
be said that the information in this re-
spect attained the dignity of a market
factor, as interest in this important sub
ject is now directed toward the more
elaborate Government figures expected in
the monthly crop report on the 10th of the
month
Chiefly because of the Treasury dis
bursements for April interest on the Gov
ernment debt money on call continued
fairly. easy, although the days figures OF
the transactions of the banks with the
srbtreasury since last Friday show loss
in cash to the former CT s2,7e1,G eco.
Gold Exports Unlikely.
Sterling exchange was firm at the slight
concessions in rates made yesterday az
terroon. Continental exchange on Lon
don was, however, likewise firm, so im-
af ucld
able.
Further reports of railway traffic for
the month of February were submitted.
including the statement of the Chicago,
Burlington and Quincy. and they were in
line with the favorable exhibits for the
same period which have already come TO
hand.
The regular semi-annual dividend OF z
per cent was declared upon Atchiscn conf
mon stock which, together with the state
ments of earnings published, made up the
actual news bearing upon the railway is'
Steel Trust Earnings.
The very gratifying statement OF earn
ings for the complete fiscal year submit
ted By the United States Steel Corpora
tion created a favorable impression, al
though there was some disappointment
ferred stock conversion scheme, the di-
rectors did not make public statement
in connection with that matter. 1t is un-
derstood complete statement is being
prepared however, and Will be lssuea
forthwith.
The Steel stocks were among the active
features of the market, but continued TO
move within narrow fluctuations OF price
in this same general quarter the moss
conspicuous movements were in the
United States Leather stocks, Sugar he
fning, and American Ice.
Declines in Ice.
Further material declines were noted
in the common and preferred stocks OF
the American Ice Company, which circum-
stance revived the uneasiness lately ex-
isting as to the maintenance of dividends
on the common stock. The present prices
for the latter issue would seem, however,
10 have fully discounted any possible d.
yidend developments affecting II.
The pronounced animation in the United
States Leather stocks was again based
upor assertions that the company would
avail itself of the law recently passed by
The New Jersey Legislature to retire
large part CT the preferred stock, and in
connection with that move to make some
adjustment of the accumulated dividends
on that issue
Sugar Refining Rallies.
Sugar Refining was weak in the early
dealings, but subsequently rallied sharp
ly with. however, no news or gossip OF
interest accompanying its varying fuc-
tuations Amalgamated Copper, on the
other hand. after opening materially high
or, reacted sharply. Other fairly exten-
siyc movements among the miscellaneous
stocks were noted in Consolidated Gas,
American Car and Foundry. and AEeri-
san Bicycle. but these were also wanting
n any particular explanations Of novelty
OF Significance
Today's features among the railway spe-
ciaIties In respect Of strength and actiyi-
fy were the Hooking Valley shares. st.
Louis and San Francisco, ard Colorado
Southern.
Higher Priced Issues Strong.
Among the higher priced issues, Chi"a-
20 and Northwestern stocks were deci1-
edIy strong. while st. Paul. the Reading
stocks. and Union Pacific we're steady on
a light volume Of business. London was
Of inr.pCf1arafla 10