The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-29
STOCKS AGAIN QUIESCENT
SPECULATIVE INTEREST Is DECLIN-
ING AND PRICES ARE.EAsY.
Reading the Most Active stock in the
List, Mostly Standardization
Securities in Some Demand.

NEW YORK, April 2S.-Speculative inter
est in stocks showed a considerable falling
off to-day and the full days transactions
scarcely reached a million shares, for the
first time in two weeks The feyerish
activity which has characterized the re-
cent leadership Of the market was decid-
edly lacking, if the rather large dealings
IN Reading be excepted. The tone of the
market was hating and uncertain. and the
movement Of prices was not uniform. The
predominant movement. while it failed to
embrace the whole list, itself changed a
number Of times during the day. The fail
ure OF the conference committees Of the
anthracite miners and operators to agree
on terms on Saturday was a disappoint-
ment and the tone of the comment OF the
parties to the conference caused a disagree
able impression. The result was free sell
ing of Reading in the opening dealings,
which affected the whole market. This
weakness was overcome by strong adj
vances I'm some of the high-priced cOalers.
The part played in the market by the high
priced stocks. of which the floating supply
is very small. was notable and their wide
movements resulted from a light volume
of transactions. AS the upward flight of
Delaware q Hudson and of New Jersey
Central rallied the Readings so did the
squirt in the Chicago & Northwestern
stocks give some strength to the grangers
and Paci1cs. St. Paul was lifted points
over Saturdays closing, and there were
gains of l to points among the South
westerns. The gains were not well held,
however, and there were constant relapses
when the market was allowed to become
quiet. New York. New Haven & Hart
ford was another of the high-grade stocks
to move, but il saved only a point Of its
7-pOlnt advance. Among the Industrial
specialties there were wide advances in
Pullman, International Power, American
Express, Pressed Steel Car preferred, Rail-
way Steel Spring, and some others which
are even more seldom active The Cotton
Oil stocks, Virginia-Carolina Chemical and
American Agricultural Chemical were ad-
vanced on talk of consolidation. There were
stocks Of number of small railroads which
were bought on reports of the large &C
tivity of local traffic on the railroads, which
is calculated TO benefit especially this class
of roads. and the demand resulted in wide
advances In some OF the preferred and
closely held common stocks. Reports of
railroad earnings received during the DAY
were generally favorable and included net
earnings for March OF a number OF sys-
TENS. Colorado Fuel and Tennessee Coal
were bid up late in the day as the local
NoSIlOhS Hdu DeSH edIllcI' Dut IcldpSou
again without much effect on the general
market. The varying movement in the
grain market was reflected from time to
time In the stock market but not in a de-
cisive way The usually active industrials
were generally quiet The heavy reduc-
ton in the Calumet dividend depressed
Amalgamated Copper. Sugar was affected
by lower prices for the refined; United
states Steel seemed to reflect disapproval
of the bond issues, and United States
Leather was affected by realizing The
lirmness of foreign exchange reawakened
discussion Of probable gold exports, but
the money market was unaffected. The
market closed dull and easy.
The bond market was moderately active
and strong. Total sales at par value were
&.045. 0O0 United States bonds were all
unchanged on the last call
Following are the days share sales and
the recorded price changes: