The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-04-11
New YorI, stock Market.

NEW YORK April ia handful Of stocks
were aggressively shown in to-day's market.
bat their sympathetic effect on the rest Of the
.Iist was moderate. The spotty tone of the
inward movement served 70 overcome to q
lstee extent the positive weakness which
showed during the first hour Of trading but
Ire amount OF interest in the market palpaby
declined rom that manifested last week. The
movement became sluggish and narrow and
ana weakness was renewed in the late market.
. he explanation OF the most conservative at
The sudden ard easy reaction OF Saturday,
however caused some misgivings over the
speculative situation and these were not en-
trey overcome by the inviting advance in
tho few strong active stocks. The Northern
Securities case again assumed dominant
position in the DAYS market the inpelling
cause being the jump in that stock itself on
All the sans time Great Northern preferred
on the Exchange shot up 70 a record
price Al 323 These movements stimulated an
active demand FOR Union Pacific and again
lssseneo the tide OF runOrs regarding that
property and the far-rea ching projects OF the
lowers in control Of IL, TO be further led by
the 500. 600, COO preferred stock increase. The
immediate cause OF the movement in Northern
Securities itself was the circulation Of
rumor that liberal cash dividend would be
distributed IN connection with the redstribu-
tion or assets OF the corpora ton. This rumor
denied. The days favorite form for the
supposed nature Of the Union Pacific project
was the purchase OF eontrolling interest in
Archison and that stock was benefited ac-
cordingly. St Paul moved as usual In SYM
patty. New York Central and the North
western stocks. on the contrary were rather
heavy.
There striking movement also
in AnaalsaTnated Copper on vague fntirnations
o. q proposed increase IN the dividend rate
This proved less effective on sentiment toward
the general list than oio last weeks wide
movement in United States Steel preferred
That stock was under restraint to-day with
fee feeding Of the demand whenever the price
approached the closing level Of last week
Ia company with Delaware and Hudson huf
the movement did not extend further IA The
group Of coaiers- Conjecture was busy during
tho day over the condition 10 be shown nv
the Government report OF the winter wheat
CROP The report was not published during
the hours OF trading. but expectation was very
confident Of its favorable character OWING n
fforftfes q the different States. This was an
influence In keeping down the price OF wheat
as II was Of holding I'D the price OF +he
granger railroad stocks. II is not improbs HE
however that the desire 70 see the Official
figures had its influence In prompting the wait
selling OF stocks here FOR foreign account an
snv advance. Foreign exchange made auother
ADVANCE Money continued rather Arm snd
loaned on cali again az per cent. The davss
rather laboriouG and uneven strength was nm
Convincing 70 sentiment and gave place TO an
unloading Of stocks WIS supposed 20 be due
IN part 10 the unsettiement IN the Chicago
wheat market. The closing was IRREGULAR
Bonds were about steady Total sales par
value So. 100000.
United states bonds were al unclaimed on
New York Stock List.
z = Hutton a Co.. go California street
san Francisco. members OF the New York