Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-25

WHOLE LIST WEAK
Special Dispatch to The Evening Star.

cIcCiAi DlSpotcu I'd Inc Evening Quar-
NEW YORK. April 25.-In the London
stock market today American railway
shares showed some slight declines. with
the exception OF Mexican Central. which
gained M per cent over the closing price
here yesterday.
In the local stock market opening prices
displayed some irregularity. but a major
ity of the active stocks showed fractional
declines compared with the closing figures
Of yesterday. There was not much activ-
ity either way in the initial trading. how
ever. as the room traders were somewhat
mixed regarding the position Of the larger
operators.
The unsettling factors were more numer-
GUS than had been looked for. A good deal
was heard about the contemplated joint
protest to Russia from Great Britain.
Japan and this country regarding the Man.
churta incident. There were rumors Of an
adverse decision regarding the franchise
tax case This decision. however. may not
be handed down by the Court Of Appeals on
Monday. as the rumor-mongers expect: IN
fact. 1t may not come for two or three
weeks, as the court adjourned very soon
after the arguments in the case were made
several weeks ago, and has not as yet had
time for consultation over the matter.
Good strength was shown In the Mexican
railroad issues, and both Mexican Central
anu mexican NduOndl SNaEeS scored lalr
gains. The advance in bar silver has been
very helpful to these securities, the total
Improvement in the metal from the lowest
meaning about IA per cent on the earnings
OF these roads. The principal buying of
these stocks appeared to come from the
western contingent.
There was also some improvement noted
In some of the securities, such as Console
dated Gas and Colorado Fuel and Iron.
Metropolitan street railway experienced
another bear attack on the Intervention of
the district attorney yesterday in the
Amory hearing. The stock was pressed
for sale in the early trading and lost
per cent This decline had an unsett1ing
effect upon both Manhattan and Brooklyn
rapid transit, the other traction shares,
the former losing over 1 per cent and latter
also sold off over a point.
Copper sold off on lower London quota
tons and from lack of support from the
pool IA that stock IT lost over per cent
and did. not show any inclination to rally
sues held fairly well, Notwithstanding the
defiant attitude Of that company toward
the interstate commerce attorneys In the
hearing now being held in this city regard
ing the hard coal combination.
Pennsylvania held steady throughout the
first hour on what appeared to be buying
for the shorts in that stock.
After the first hour there were some frac-
tional rallies, but, on the publication of the
bank statement, which was very favorable
In character, the bears engineered another
selling movement, and prices again declined
1 per cent and a little over in most of the
active issues. Vague rumors of something
unfavorable impending was all that was
necessary to start the room traders to sell
stocks at this time, although there was
nothing definite in the way of news to &C
count for the selling movement.
The market closed active and weak Rail-
road bonds were steady and government
bonds unchanged. Total sales were 234. 100
shares of stocks and 81, 10000 in bonds.
Only about half of the known increase in
cash this week is shown in the weekly
bank exhibit. the amount being A,056 100.
The increase in cash. together with the
decrease of over $4,500.OOO in the loans.
makes the statement very favorable one.
The changes in the deposits is more
nearly consistent than usual. The net result
brings the surplus reserve up to $40. 9S5, ATS.
The statement follows: Reserves on all de-
posits, increase, $4,8T7 ,s25; reserves on all
other than United States, increase, 1854
O25; loans, decrease, 81, So. 900; specie, in
crease, s. 800, 600; legal tender, increase,
81, 753, 500; deposits, increase, $313 100; cir
culation, increase. $4,000.