The Providence news. (Providence [R.I.]) 1891-1906, 1905-01-25
FIN x ANCIAA.

A season OF disduietude such as this
through which the American security
market Is now passing, period rem
dered restless through influences and af-
fairs foreign 10 American interests Is
bound TO breed doubt and uncertainty far
In excess OF that warranted by the ac-
tual power OF the disturbing force.
Reports coming from Russia are OF
nature calculated 20 agitate the most
conservative OF minds. 1t Is apparent
that epoch making events are transplr-
ing In the turbulent. rebellious domain
OF the czar and that m whatever man
ner this present dire upheaval or ma
ttonal spirit shall find ultimate express
sion its influence on the worlds affairs
will be deep and OF great moment
SO in spite Of the Independence OF the
American market from direct. oanefui
influence on the turn in Russian affairs.
II hourly reflects the rise and fall OF
the uneasy tide OF Slavonic fortunes.
Yesterday afternoon as the last hustle
and confusion OF the days trading was
at its height unwholesome tidings from
St Petersburg and disturbing rumors
from the foreign marts so far weakened
the fabric Of American securities as TO
institute considerable collapse. The
outlook was DUBIOUS
This morning reinsurance was emblaz-
oned in the headlines Of the country's $
pa pers The market on its opening re-
sponded 70 the favorable change and
maintai at the start values between
q and a single point IN excess or yes
terday's final quotations. There was
further retard in the activity OF the mar
ket during the first hours. A strong
opening with a reassumption Of promi-
nence on the part OF the several latest
feature securities was soon followed py
a sharp depression and weakening OF
those self same stocks. The report Of
the czar's critical condition and present
mortal peril seemed 10 find sympathetic
response in a falling off of the market.
The weakening was by no means com
parable 10 a threatening collapse, but
rather a rapid undulation towards lower
prices
Shortly thereafter a Russian report
bearing upon the essening OF reVolu-
tionary ardor in certain inquiet localities
caused an equally sharp stiffening OF
the market and prices assumed those
levels which recent prevalence have rem
dered normal. At noon time there was
a sign OF weakness which was bluntly
expressed in a gradual decline in quoted
values The mornings trading was ap-
psrenty less voluminous and possibly
Of less actual monetary Importance than
vas that Of yesterday forenoon or that
OF notable volume on Monday.
II would be difficult 10 declare on the
question OF the mornings feature stock
Erie securities of all three varieties were
conspicuous and prosperous. The com
mon stock was active and extensively
dealt in It's fluctuations were not great
but frequent The select stock Of both
issues sold at slightly profitable ad
vances throughout the forenoon. Read
ing stock was weak. experiencing de-
cline OF a full point from yesterdays dis
appointing close. Copper and Steel were
notably weak among the leading securi-
ties. St Paul was weak also. Chicago
and Northwestern conducted a lively eN-
hibition in select fluctuations, being evil
IDENTIFY under the strain OF excited ma q
nipulation. II fell below 220 only 10 re-
gain it's shattered reputation on a gem
orous rise Big Four stock was sim
Rularly depressed settling lower and
lower into the region of trnpotency and
insufficiency. It's successive quotations
we're indicative Of depreciative values.
The Pacific stocks maintained their
eminence. and attracted well deserved
attention during the forenoon. Lack Of
feature would not be an unsubstantiated
charac cterization OF the days early oper-
ating. Until the veil OF doubt Is lifted
from the face OF the Russian situation
IT. is reasonable 10 hook for a continued
.restlessness and sympathetic responsive
ness on the part Of the American market
Accommodating reports bear up the asser
tion freely made IN financial circles that
era OF unequalled and splendid prosperity
In the matter of railroading. 1t Is truly
the day Of the railroad.