The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-30
PRICES MOVED
IRRECULARLY.
There is Evidence Of Less Spec
ulative interest in Market.
MONEY REMAINS UNALTERED
Influence of Advances Was Impaired by
Some Equally Notable Relapses
Where Attempts Were Made
TO Take Profits.
lEx Associated Press. )

NEW; York. Aprii ss.lThe movement
OF prices was confused and irregular al
of to-day, and there was evidence Oh q
diminishing speculative interest The wide .;
movements in high-priced stocks contiiueo
a feature, but the influence OF the ad-
vances was impaired by some equally
Slotabie relapses in stocks where attempts
were made TO take profits "A case III pom.
was that OF New York. New Haven ana
Hartford, which fell violently points on
an attempt 10 market a small amount OF
stock because of the emphatic disclaimers
from both Pennsylvania and New ork
Central authorities of the srumors or puI-
chase Of control. There was a late rally
OF several points in the stock. New YORK
Central and Pennsylvania also Quoted
strength In fact, there was very little
show of strength throughout the Eastern
railroad field. The session OF the. joint
cuss disputed points liz the anthracite field
was a repressive influence on all Coalers.
The decrease reported in Reading surplus
earnings for March was an unIavorable
influence. The very heavy decrease in net
earnings Of the Southern Railway for
March was certainly not stimulating in
1iuence, although it was accounted for
largely by the notable increase in operat-
ing expenses. The Western railroads on
the other hand were benefited by the crop
news and by the weekly crop bulletin of
the Weather Bureau, which was consid-
cred very favorable, not only regarding,
the condition of winter wheat, but as to-
the progress made in seeding corn and
spring wheat.
THE gralu-carrying roads were also
helped by the special strength OF the
5N, respectively. Rock Island gained an
extreme 5ss, but lost over 2 of 1t. The
strength Of the Wabash stocks Ia; and l,,s OF
evidently due to the apparent certainty
that the bid of the syndicate representing
the Gould interest for the Western Mary
land will be accepted. The 1ndustrials
were marked by quite as great irregular
ity as the railroads, and changes there
were constant and variable: A further ad,
vance in foreign exchange market and
a drop In the rate Of sterling at Paris both
contributed to narrow the margin still re-
ma AM IRON Inc g9io b epoae po,n sim
undisturbed Much attention was attract
ed by action of the Clearing House au-
thorities requiring that institutions which
shall be admitted hereafter to the privilege
OF clearing through members must first be
established for a year and must main
tain in their own vaults the same per.
the members themselves. They are re-
quired also to furnish weekly statements
is calculated to put a restraint upon the
multiplication of trust companies. 1t is
carefully explained that the requirements
are not retroactive, which is to say. that
of the trust companies which at present
enjoy the privileges of the Clearing. House,
although that condition has been the sub
ject lately Of much comment and criti-
ctsm. owing to the freedom of the trust
companies from any requirement of pub
licity as to their loans and reserves.
The bond market maintained a firm tone
to-day. Total sales. par value, S3.77G.0O0
United States bonds were all unchanged
on the last call.
The total sales Of stocks for the day
were $4,000 shares.
MONEY AND EXCHANGE-Money on call
closed steady Mt 39!1a per cent: closing bid
md asked. 3hRA per cont: prime mercantile
paper, 4M4E per cent. Sterling exchange firm
with actual business in bankers bills Mt S4.s77s
M4sS for demand and Mt Assn for sixty days:
posted rates. S4.S6m4.S Sts and $3.50: CONNER
cials bills. S4.S4& 6I4.S5M. Bar silver. 81;
Mexican dollars. Al. Government bonds, steady;
State bonds. steady; railroad bonds. irregular.
STOCK QUOTATIONS.
Furnished by NJ essrs: SCOTT q sTnINaFELoW