Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-27
Stock List Was Rather Heavy
Today.
OPENING WAS WEAK
SLIGHT RALLY LATER WAS NOT
MAINTAINED.
The Closing Was Heavy, With Prices
Rather Lower Than the
Opening.

Special Dispatch to The Evening Star.
NEW YORK. April 27.-Amerfcan railway
shares in the London stock market showed
fractional declines compared with our clos
ing prices of Saturday. with the exception
of Canadian Pacific. which was up u per
cent.
Consols were X per cent lower for both
accounts
The local stock market opened somewhat
irregular In tone Prices were. however. OF
the average slightly lower than the Anal
figures of Saturday. After ten minutes
trading the market recovered its early
losses and In most of the active shares
there were fractional gains over the open
ing prices.
There was also a more hopeful feeling on
the part of the out-of-town clients regard
ing the monetary situation, and some buy
ing from this source was induced by the
favorable bank statement of Saturday. The
local traction shares attracted the most At
tention at the start, on account OF the
statements given out by the expert ac-
countants regarding the situation in the
Metropolitan Street Railway Companys az
fairs. which were favorable to that COM
pany, and also on expectations regarding
the decision on the franchise tax case,
which is expected to be handed down short
ly. Metropolitan was the most active men,
Der of the traction group the stock opening
up Y per cent, sold up " more and then re-
acted to below opening figures. only to
dSdiA rally dUOto tn0 Initial price. MAN
haitian and Brooklyn Rapid Transit were
steadier in tone and both scored fractional
gains after the first few minutes of trading.
The Mexican railways continued to show
strong tone and were again helped by
further advance in the price of bar silver.
St. Paul. Union Pacific. Missouri Pacific
Reading. Southern Pacific and Rock Island
issues all showed slight gains of from y
to ! per cent after the first half hours
business.
Copper shares were still inclined to heavi-
ness. and 1t was said the selling was for
the account of those who failed to take
rallied above 70.
The Steel shares were also neglected, but
the tone was comparatively firm. Colorado
Fuel and Iron was active and strong on
buying by inside interests noticed for the
past few days in this speciality. Bonds
were dull. but fairly strong.
The subtreasury lost S6O6 600 to the banks
Saturday. and since last Friday its loss
amounts to $350,OO0. The subtreasury was
also debtor to the clearing house to the
extent of $647, 800
After the first hour Of trading the mar
ket became dull. but prices continued to
hold firmly throughout the list. In Metro
politan an advance to 1927 occurred, COM
pared with an opening price of 13O
Up to noon there were 2O5.OOO shares
traded in and In bonds $S45OOO Foreign
houses traded in about 10000 shares of
stock. mostly sales.
In the early afternoon trading a selling
movement was started on the poor showing
of earnings quoted by Atchison for March
That stock lost about y per cent In this
movement and the general list sold back
to near opening figures. There was no
real decided pressure. however observable
anywhere in the list and the market con-
tinued rather inactive on the decline
In the late trading the market continued
rather heavy. and the traders were inclined
to sell stocks in anticipation of an unfavor-
able decision in the franchise tax case
This was. however. mere guesswork, unless
there has been leak somewhere.