The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-04-22
FAVORABLE
TENDENCY
Gould Group and B. and 0.
Led the Movement.
MONEY CONTINUED EASY
Every Prospect Seems Good
for Additional Relaxation.

New York, April 2l-There was an up
ward movement of prices today. led by
the Gould group and Baltimore and
Ohio AS other parts OF the list came
into the movement a disposition became
manifest to take profits in the early lead
ers, which led TO a moderate reaction
all through the list, and the closing was
easy and duh
The movement was attributed largely
TO professional operations. and commits
sion houses continued to complain OF
the light volume of their orders. II was
plain, however, that a speculative party
had been organized TO advance the mar
ket and they made their operations ef-
fective today Their campaign seems
based on good conditions. They had the
advantage today of the cheering infiu-
ence upon sentiment exercised by the
modification OF the decree against the
Northern Securities company so far as
it referred to the enjoining the payment
of dividends The Great Northern div
idend came off that stock this morning
and the assembling of the Northern Pa
cihc directors during the session of the
stock exchange gave assurance that that
dividend would also be promptly distrib-
uted.
Speculative operations were especially
marked in the Gould group. led by Wa
bash preferred, and especial stress was
laid upon the April report OF the Kan
sas state board of agriculture confirming
the very favorable government report as
to the condition of winter wheat. The
advantage of sugar was a point rise in
the refined product. Some early heavi-
ness in Amalgamated Copper was ac-
counted for by the illness of the persi-
dent of the company, but the stock re-
covered. Colorado Fuel was weak with
out explanation. Reading Jagged in the
advance on account of opening of the
interstate commerce hearing of charges
of suppression of competition BY the
coal combine, but this stock also be
came strong.
An unusually large number OF indus
trial stocks were advanced from l TO 2
points. and beyond that. American Steel
Foundry gained points. Sloss-Sheftield
Steel 81 points and Westinghouse Elec-
trio 6 points and the first preferred 8
points The professional contingent
among the traders laid some stress upon
tomorrow entry into the new exchange
quarters on proper sentimental ground
for advancing prices.
During the last hour of the market
trading was considerably neglected on
account OF diversions INDUCED in by the
brokers as an incident to the closing of
business in their temporary quarters on
the produce exchange floor. An incident
Of the day was the resumption Of the
recording OF transactions in order in
the lots on the tape During the boom
period OF two years. in the midst Of
which the stock exchange moved 10 the
temporary quarters now being aban-
doned. it was found wholly impractical
bic to keep up with the record Of the
minor transactions. and sine that time
only full share lots of 100 shares or some
multiple of that have been printed on the
tape until today The resumption OF or
der in the share lots in the record must
be- regarded as a symptom Of the rela-
tive duTlness TO which business in the
stock market has fallen.
Money continued to work easier. with
every prospect OF additional relaxation.
and the recent upward course OF exchange
was also checked today.
( Prices of bonds moved upward. in sym
pathy with stocks and on a fairly well
distributed demand. Total sales. par
value. $4,000 United States bonds
were all unchanged on the last call.
CLOSING STOCK LIST.
Closing quotations OF stocks were as
follows: