The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-18
market LEADERS,
DRAG LIST Down D M
'Nortflcrl, Securities Situation
Proves Heavy Straiii OIL Spec
tlativc Confidence. B.
SHARP Rls c. /. STOCKS ] G: |, $
United States Steel AdyanceS AT {.
ter Annual Meeting OF Stock
holders Held Yesterday. s
nv Associated Press.)

Z i "
ii NF1y YORK, April considerable UNI
se,iIcmont wa 3 manifest In the stock mar
ket to-day, partly due 70 INC ne e.,l.y,s
over OF a bad Impression from Salu.Ioay
on account OF the rather urgent p, rres -.
TO take profits on the week rise. : 4, ','s
Impression was partly disslpaltteed ny sl,'et
buoyant opening this morning " ~ Wy ~
h,rh prices made then invited
selling and served to discourage the con- M
f,dence OF operators for higher prices = ne
market Tor. the rest OF the da y was spo.lstyt
and irregular Railroad Officials continuc
to talk IN very confident terms ,regar,dlns
traffic, but their usually weekly no,
Some time past. There is suflelent b !ts.,
ness reported to keep emsa rsr
/ but the over abundance when caused Ca AZ
shortages carly In the sen sou a ~ ~
away. az js 81 Y, TX -, !, i; IA Il
IA Thc market continued TO- give princc ,p pa.
attatit;nn to tho question OF the Northern
Securities distribution and the rean i!.
ents growing out Of ss,,ed ins AZ was
expected, there was stu ING tien
Of oflicial announcnmc nt or contlrmat,o ol
for any OF the many stores pl deats uh
posed to DO waiting on this event: , ne
situation proved a. strain on specnliat "
coincidence, especially In View OF the n gn.s
~ concentrated character OF much 81 y Inc
selling OF Union PACING =. s, hnd Y III, n1v hi
stock and Northern Securities on the curb
reacted with some violence n fter the open
Ing and carried depression into . lo ~. =
which E.3laye moved In aymDatny38S VIII !, n
them. s. The exceptional strength sho VI. py
4 St Paul did not serve altoget heT Z. oiIset
this influence: neither did the 8sustaineaE
advance IN tlantnt Coast Line, Wt w !; !.
was Of only moderate effect, even \ 8itsttt
The renewed strength in the United
States Ste stocks was s. OF more in1luenc C.
I, and seemed Il be due TO snt actton WI
the proceedings ut the annua neetin q ,
4 the corporation. The pre- erred stock Sroas
easily is a lie " record level There was "a
some snacai demand for4 money in the
8 LONDON market to-day due TO large. nan
CIaI trnnsactton whicl y reg peel Cd tos
i ~ az Temporal ry cctf AfOney here NJ
distinctly cas- Ter. but ste Ring exchange$
was steady Tho clostng tone OF the m ar,
Eket was heavy and uncertain as Slt sha ag
been for most OF y he day. y, Z.
value. e. al. 0pO. United States % and
registered. declined ! y, and the %. coupon
q S ne r. cent. on ca IL. s5 ,$4 g 5s
The total sales OF stocks for the day
amounted 10 4. 1To, 900 shares. 55s
IS MONEY, AND ExcHANGE-t;LyoSE:
Money On cali stead yatS 2 -293s per cent;
closing bic, 2 81 bid: ffered nj; 3 per e nj.
time loans, easier; sixty days Iinet nysi
ard ak mont his. 3 W per cen I. I: prime m err
camille PAPER. lap4 1-ss per cent. Sterling
d exchange stead 5$wtth actual BUSH ess IN
bankers. bills at 81. 81. 2Oa4 81. 25 for demand
and as s4st.ts $40 for ]. sixty =,
bills 1881 1-Y Bar silver. s., 3-4; xica'n{
dollars. "A 1-22. government bonds weak g
railroad bonds irregular. II nj