The Indianapolis journal., 1904-03-05
BETTER TONE TO STOCKS
IrHE ACTIVITY Is STILL CONFINED
TO FEW sPECIALTIEs.
The Increased Activity Does Not Rep
resent Any Additional Outside In
terest-SOme Trouble i'm Paris.

NE1N YORK March Activity was slightly
stimulated in tho market to-day, but without
erccting any mo-e ap 'reciaole movement OF
prices than on tie dulle1t days Of the week
Up TO noon the number Of shares traded in was
not IA. below the days total yesterday ana the
day ba.ore. From that time the market dropped
back into its dull rut.
There was nothing in the days news TO explain
clearly the squirt in activity. Traders were
seemingly impelled by the idea taat permanent
inao,ivity is impossible and that the longer 1t
continues the likely is an attempt TO put
end TO it to prove successful
To-oay's demonstration. although conducted
with n little more confidence and determination
than for some time past. st;n purely pro-
fessionaL The movement OF individual stocks
had a good deal TO do with the general tone.
Advances In Brooklyn Transit and in the other
local traction stocks in sympathy were attrib-
uted II the prospect of the new Williamsburg
bridge across the East river being opened to
street railway traffic at an early date
There was a slight advance in the coalers on
the assumption that a soft coal strike would help
the anthracite business in the same way that
the Anthracite strike stimulated the soft coal
business. Delaware .S Hudson enjoyed the
benefit in addition to the strong showing Of its
annual re oort.
The reacrion in the grain markets was urged
as valid yround a rise In stocks IN the
degree that the feverish rise in grain had de-
pressed stocks,
The settlement upon the terms and method OF
the Panama Withdrawal from the subtreasury
and from govern nent bank deposits was regard
ed "a satisfact ory clearing up or doubtful
matter and of ,ung possibility or stimula-
ton TO investment here on the part OF the
French and Panamau benehciarles
Some trouble veported from f'arls IN the
winding up Of the set nernent, but the power Tor
disturbance of this faJ1or was felt 10 De about
at end.
Reports of gross eErni ngs OF railroads tor the
fourth week in February. although showing a
large proportion Of loss impaired with last year,
relatively better than for preceding weeks
inclement weather is responsible for the greater
part Of the losses.
The progress of the cuts IN freight rates to-
ward the point OF loss traffic seems likely
10 sharpen the zeal of the officials who are
trying TO fix up the dispute.
A glance at the list OF net changes for the
day. however, will show that these various
causes were not very effective in bringing about
the higher prices which those who professed 10
believe in their efficacy hoped for.
was the reminder OF the recurring effect to be
looked for from the Supreme Court decision on
Monday.
The movement of currency has been in favor
of New York. and gain in cash for the week
is indicated of nearly 81. 600 in spite OF the
Chicago and absorption by the subtreasury- This
was regarded with dissatisfaction rather than
otherwise showing a decreasing interior use
of money
Attempts to sell St Paul the favorable
January statement and report of a Burlington
liqudated freely and the closing was heavy.
Bonds were duh but firm Total sales. par value
81, 294. 600. United States bonds Were unchanged
call.