The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-30
STOCKS STILL TAME
EARLY FIRMNEss DISAPPEARS BE-
FORE THE CLOSE
Record Gold Shipments Do Not Affect the
Railroad Earnings Are Disappointing.

NEW YORK, April 29.-There was little
change today in the tone or character of
the stock market. which was one of
apathy and irregularity, within narrow
bounds. as the moods of the traders
changed. The days news was not favor
able TO values and the early hrmness gave
way before the closing. That firmness
was due rather to a total absence Of SELL
ing pressure than TO any positive sup
port by buying stocks. London also
helped IN sympathetic way but did
nothing practical in the way OF buying
STOCKS. The London market has made a
Q!Stihct response to the easy money con-
QluonS and the investment demand there
Is ported>to be decidedly improved.
reports OF railroad earnings at hand
today made a very poor showing. even
Reading and Lehigh Valley making q poor
comparison with last years corresponding
PERIOD Whlcn was, however, one Of large
earnings. wabash and Canadian Pacific
showed even less favorable comparisons.
me average Of the decline in net earnings
LOT March Is thus expanding to a sub
coaiers were inclined to run of as easily
as they have recently advanced Stocks
neld rather firmly, however until the an
nOuncement Of the enga cement of az 500 =
~ IN god Tor EXPORT tomorrow by T. P
morgan q 60. A small engagement had
peen announced earlier in the day This
oIlnSS me total engagements for the week
up 10 81, 100000, which is far in excess of
any exports from New York for a single
week heretofore The record evnorte Far
a month stand at S27. $50 600 for May. 1894.
me me money market was still unaffected by
tIlls heaVy drain, but the dimensions of
the movement had an effect on senti-
menu: 1oday, s engagements Of gold will
not hgure IN tom0rroW's bank statement.
Offset From the interior.
Without them the earlier outgo of gold
seems TO have been considerable. Offset bv
IlIe conIAued receipts OF currency on bal
ance from the interior and by the trans
1eIs IRON san Francisco on japanese. &C
count Subtreasury operations. which in
ctQde earlier Withdrawals OF So 100 600
SoId Tor export and the San Francisco
S e IS ec5 have taken from the banks
Sb,l48, goo, but the decrease in cash II
likely TO be reduced to under 50 009 af0
py the currency receipts by the regular
express movement.
Inc me only price movements of impor-
lance were IN speCiaIties. The local "a :
STOCKS moved up on rumors Of closer as
soclatlon- Tennessee coal was forced
down on reports Of reinstatement OF old
eoIotot IN the property Erie's poor March
earnings continued to burden that stock
AIna1ga mated Copper seemed to be af-
4ected Dy the strength Of the copper mar
6et. Inc advance in the United States
heaEy gold engagements had little effect
on the exchange market. The unwonted
appearance Of j. P. Morgan & Co. as ex-
porterS caused some apprehension, +ha+
none Of the previous exports were IN -e ac-
count Of the Panama payments The
Week exports OF wheat are pronounced
the smallest IN fourteen years Reports
q d syndicate to take the S37 GOO 600 civ
pond issue indicate the prospect Of con-
banks. u ~--0
Bonds were about steady. Total sales,
par value, 1855, 600. United States 2s
ADVANCED Is and the new IS l. per cent
on call. -
Closing List.