The St. Louis Republic., 1905-03-28
STOCK MARKET IS WEAK
DESPITE OPERATORS PLAY.
SHARP DECLINE NEAR
CLOSE Is NOTED.
Discrimination to Follow Preced.
ing Weeks Recovery by Buy
ing Is Clearly Defined.

New York March ::.-An extraordinary
play Of quotations In . large number Of
low grade Industrial. and specialties kept
uI' some appearance Of strength for the
greater part Of to-.3ay's session Of the
Stock Exchange and served to disguise
the realizing that was going on in tie
more substantial stocks
f:ut the market gave way late in the
Cay and fell sharply to a low level.
The early strength kept alive tine hope
that ;fe great res:iiency developed last
week Oh the miiweek decline was herald
~ the strong resumption Of the advance
amongst professional operators that the
dub on points II, the speculation Rad been
forced int" the background by last weeks
demonstration "f the resisting power Of
the rnarkct. The hal;ing tendency which
developed In the course of ;hs days trad
iag was not clearly ,raceas.ie to any
aisinc!ination To- follow w last weeks re-
co'ery With further large buying Was very
Clearly Il. fined.
The n:sc-.ian~ous collections of stocks.
which shot ur from time to time while
"Ho:.s Were making - hold ,h. market.
~er" not ;hs subject ~ any information.
-t'fer special or general. to account for
;hc movement The absence "f explana-
iion :!.d :h. lack II any common ground
ii i'i;c-e>; between III. III We're the cause
of s"i'' suspicion "f movement A list of
twenty-five fo thirty might he compiled
MANY OF which rarely appear in the trans.
actions. Which Hese lifted from one to
nearly eight points. Some irAuenrce IL
given tn m. money outlook as IN. factor
checking active speculation. especially
with n" Aprti requirements new near
az Rand
I" ;h" normal monthly requirements The
renewal oF demand for gold on e." cart
~ Paris. which c,:ns int" nc" in Lon
don saturday. - -"Garisd as = ,i!lcans,
a:lt sutt.,.,.s -,,l.s-Ahtv he .
in ire sxchaTts" market,
ANY tendency for gold TO move 10 New
h"rs tom l.or.soi: would b.. restrained
by ar scr"rncsny:nS demand from, Parts.
An i''firfie'.su came from Washington al
So thar further calls for withdrawal Of
t:",srnIr",r .;os:ts might be expected 10
IN" extent ~ NS.a"ssN to &rsSs ,sss as
OPPORTUNITY might Offer without iikeM-
hood OF harm {" the business interests Of
m" country. :hi. measure being c"rs!d-
--"t 80 b. completed before period q!
possible money strinEencv ", The fail
The ton" Of foreign markets vas re-
sa-ttd as 'cne~i'C ;he doubts OF an i'm
mediate yc1cr. which vas felt with
growing ccnhd.nc. 20 h. Imminent las;
week 4 bad effect vas produces. nv .he
detit@:ly weak showing % ne; earnings
ic- February presented " A;ch;son. the
6sr.:-s In gross earnings being aggravated
by rise IN Operating expenses. so n
{" iutucr a. i1c-~ase il rs' earnings for
The II, NH q ssis."o. or no'. thar Z: per
cent
Report. - railroad ,-a@- generally.
however. cnTti-u~i highly .rcnuraE;rx ~.
the part - railroad officials. offerings
NJ ali classes continuing large. wfiiia
favorable weather conditions enable .hc
handling ~ hgS.nrss az loves; ocss.hl..
c,..t -! operation Stocks. however. shove!
increasing signs nf weakness as th- t.ay
progressed and closed a: practically ;h.
lowest 81 she s:ay. Union Paci!ic's decline
ran 20 three points. ard many other
Ror!. we're irregular. Total IA es Ear
,aiG.. 3i3-a'Sss United States "a coupon
sa3 'he Tsw - COUPON declined q and
the r-~ ss re8;e:e.e5 - The old -
coupon advanced = ger GER: OF cal.