Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-03-21
Stocks Were Irregular, With
Stronger Tendency.
GOOD BANK STATEMENT
STRIKE COMMISSIONERS REPORT
WELL RECEIVED.
Traction Group Was Well Bought,
with Metropolitan in
the Lead.
Special Dispatch to The Evening star.

Special Dispatch to The Evening Star.
NEW YORK. March 21.-American rail-
way shares in London were about on a
parity with the New York closing figures
OF yesterday.
There was fair degree of activity In the
local stock market at the opening, but
the speculation was somewhat irregular
The internationally listed stocks. however.
were in accord with the London quotations.
Atchison and St Paul were slightly lower.
Sugar declined ss per cent. Immediately
after the opening on a renewal Of the pres
sure noticed yesterday In this stock, but
all the local traction shares were in good
demand at slightly higher prices with the
exception Of Metropolitan. which showed
an opening gain OF IN per cent over
the closing yesterday.
From this level there were some heavy
sales for profit taking. and the stock re-
acted strongly rs per cent. From that
price supporting orders helped It to an
other fractional advance. Tennessee Coal
and Iron, after a strong opening at an ad-
vance Of V. also met realizing sales and
lost u per cent.
- There was moro activity In some of the
low priced issues. notably In Mexican Cen
trail shares, the stock becoming active on
reports of Rock Island buying for control.
Louisville and Nashville and Canadian
Pacific both showed good strength on a
renewal OF buying by the pool operators.
and Pennsylvania was a strong feature in
the early trading on what looked like buy
ing by the shorts. helped possibly by the
insiders The Reading issues were also ac-
tive and somewhat better In tone. but the
rallies brought out a good deal Of stock.
and there was q disposition to await the
publication of the strike commission report
before making any new commitments
A~(a ID iw~Sa - ot.n ct Ary NJ
yesterdays closing price, although in Lon
don the stock was on Y per cent.
Union Pacific acted about as yesterday.
After the first few minutes the market
peared to be q good deal OF realizing and
the general theory seemed to be that the
bank statement, II good. had probably been
discounted In the immediate market, as the
rise has been rather rapid this week. and
the speculation has lost technical strength
on account of the rather free covering Of
short sales.
After the first half hour of trading the
market became less active. but prices were
fairly well maintained throughout the active
list, and sugar had recovered its early loss
Rock Island shares continued an active fea-
ture of the trading. the theory being that
an early announcement would be made re-
garding the ST. Louis and San Francisco
Rock Island deal. The trading. however.
looked highly manipulative. and no doubt
a good deal Of pool stock was marketed
during the rallies in the stock.
The appearance of the bank statement.
which proved to be a very good one. did not
have much effect upon prices. s
On renewed taking of-profit sales the sup
port was excellent and prices were only al
lowed to decline slight fractions in most OF
the active shares. and justifies the belief
that prices will work higher next week. es-
pecially the local traction shares and New
York Central. in which the short interest Is
still very extensive. -st
A summary of the findings of the anthra-
cite strike commission was published just
before the market closed: the different de-
ductions made by~th commission were
thought to be very fair and by no means
as unfa vorable to the contentious Of the
operators as first reports a few days ago
would have made people believe. The coal
ers acted very well in the late trading and
gave evidence Of good support. Total sales
stocks today, GAG. 900 shares.
The important changes in the bank state
ment which follows is a decrease OF nearly
$13.c00.OO0 In the loan item. The loss Of cash
Is about $.713,bO. 5.ze
The decrease In deposits Is about one and
one-quarter millions larger than is called
for by the other items. The net result
brings the surplus reserve up to So. $50. 40.
The weekly blink statement follows: Re
serve on all deposit. increase, s., 1856 100;
reserve on a1r other than United States. in
crease. s.. 167s 49, loans, decreased. 81, $751;
600; specie. decreased. 81 1855 300: legal ten
ders, decreased, 1858 300: deposits, decreas-
ed. SIS. 479, 600; circulation. decreased. S74.-
cOO