Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-23
FINANCE AND TRADE
Stock Market Opened Buoy
antly Today.
ADVANCE IN PRICES
CHECKED LATER ON BY REALIZ-
ING SALES.
Rock Island and Reading Were Among
More Bullish Features Of
the Market.
ADVANCE IN PRICES
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, April 23.-In the London
stock market today American railway
shares showed good advances. ranging from
!. to rs per cent over our final prices of
Tuesday; the latter gain was made by
Reading. Consols for money q per cent,
and for account Il per cent higher.
In the local stock market there was
great deal of enthusiasm displayed at the
| opening in the new exchange building, and
| prices generally showed fractional advances
| over Tuesdays closing quotations. Like
| the London market. the greatest improve
ment was in the Reading issues. the COM
| mon stock gaining rs pr cent at the start
| the better feeling being the result of the
orders to the miners to return to work
pending conferences over the new differ
| ences that arose last week when they were
| locked out by the Grading management
| The earnings too. continue bullish afc-
| tor as 1t is known that the loss sustained
| by the larfe coal strike, as been practically
| made up.
The Rock Island issues We're the most ac-
| tive in the early trading and both the com
| mon and preferred stocks scored good
| gains. on buying from inside sources.
| ST. Paul and Union Pacific also showed
| good improvements on buying for both long
and short accounts.
| Baltimore and Ohio slightly better.
| but there was considerable profit taking in
this and majority of the other active
railway stocks.
| Sugar acted WELL the initial gain being
| q per cent. Copper shares were not quite
| as active as In the recent past, ana the
|
None of the international list issues were
as strong in the London market, with
the exception of Reading.
After the first fifteen minutes of trading
the market shaded off slightly on the eX-
tensive proft-taking before noted. but there
| appeared to be good support under the
market and prices held comparatively firm
| throughout.
The traction shares were not active fea-
| lures in the speculation. excepting Manhat-
| ton ubi higher
| start.
In the bond dealings Union Pacific con-
| vertible IS and Wabash debenture BIS were
| active features and both issues scored good
| fractional gains.
The subtreasury lost 1854. 900 to the banks
yesterday and since last Friday 1T has lost
| 81 155 900 to the banks. Money loaned on
| call at 31a per cent, and recent heavy time
loans have been made at per cent. The
subtreasury was also debtor to the clear
ing house today to the extent of 81, 1Ol ,62S.
The Gould issues were all strong in the
early trading, and there appeared to be
pool buying in Texas and Pacific stock. the
members of which are known to be closely
affiliated with the Gould people.
, Consolidated Gas gained over per cent
in the early trading on the defeat of the
municipal lighting proposition before the
New York assembly. There was a good
} deal of talk, too, regarding the long-delay-
, ed melon" cutting in that security, which
Is looked for after the adjournment OF
} the New York legislature, which occurred
today.
Up to noon there were 3O6. 800 shares of
stock traded in and in bonds 81, S21 900.
Commission houses reported quite q re-
spectable increase in out-of-town orders in
the market. The market at this time con-
tinued to show good strong undertone
| in spite of the early profit taking sales but
: | business was rather dull after the second
hour of trading. The Rock Island issues
| continued to he q feature of strength one
| house taking about 20 600 shares of the
| common stock There was renewed talk
4 | of the Rock ISland-FriScO deal nOtwfth-
D standing officiaI denials of same. The req
| ular quarterly dividend on Northern Sc.
! cIIrities stocl, of TX per cent was declared
| Yesterday last February the dividend
0 The appointment oil RECEIVERS 1or the M