Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-31
Today'S Market Was Firm, but
Prices Irregular.
UPWARD MOVEMENT LATER
Little Local Liquidation Except In
Consolidated Gas.
ADVANCE IN UNION PACIFIC
Rock Island and Allied Stocks, Erie
and Norfolk and Western Features
Trade Reports Conflicting.
ADVANCE IN UNION PACIFIC
Special Dispatch to The sts,-

Special Dispatch to The Sfaa
NEW YORK. March 31.-This morning.
stock market was in general exceeofnsV
firm. albeit price movements showed no ht-
tie Regularity. At the opening OF business
lower prices were quoted in practically all
COMMITMENTS. partly in sympathy with the
course of American stocks In LONDON anu
also because OF the common expectations
that the weekly bank statement would snow
a serious reduction In surplus reserves
Suneractally. the labor situation In the
coal fields took on more hopeful aspect
this mornings adyices suggesting some
faint remaining chances that an immedlate
strike might be averted through the ar
Management of some form Of temporary con-
promise.
I.ondon's quotations were not succeeded
10y any heavy selling for foreign account
and despite the chief subjects which en-,
gagged discussion, there was little ioca,
liquidation except. perhaps, In Concentrated
Gas.
actions, prices began to recover SLOW W. rra,on
a noteworthy upward movement In Union
Pacific which carried that stock more IMAM
one point above Its initial quotations Ihere
was again an entire absence on ac.u ,,a such
gossip as was heard In connection WIN lts
course was little more creditable than that
In circulation yesterday
The Railway Features.
Other strong features of the Railway list
were Rock Island and It's allied stocks. Etc
and Norfolk and Western Generally speak
ing. however. the anthracite and bitumin-
Gus coal stocks moved irregularly.
The Industrial and miscellaneous shares
were strong with noteworthy animation In
Amalgamated Copper the United states
Steel stocks and Ice securities Brooklyn
Rapid Transit continued exceedingly firm,
as did the Metropolitan Securities. Aside
from such fndecisiye intelligence as tnat
which was received relating TO the coal
strike situation there were no novel occur
rences over night.
The weekly reports of the mercantle
agencies upon the state of the country
trade showed rather more conflicting re-
turns than have been received In a long
time.
The Bank Statement.
The local banking position, as disclosed
In the weekly statement of averages. made
no worse a showing than had been COM
monty looked for, and. on the contrary. set
forth a somewhat stronger situation than
had been indicated in the preliminary con-
lectures respecting the movements in mon
e5s and the loan account. The latter item
showed a decrease of g, SO, 900. and an In
crease in that account had been generally
anticipated.
The decrease in actual cash was only
81 42S. 600. a sum far below the average of
the preliminary calculations. The curtail
meut in the loan account and the loss in
actual cash were poorly reflected in the de
post item, which fell s., $50, 900.
Surplus reserves, as the result of the
changes in deposits and in cash. decreased
only 81 ~. OD0. leaving the banks actual
cash holdings in excess of the lawful re-
quirements. at s.. $4,000. Surplus reserves
in the corresponding week last year were
SS.684. 900. in 1904 $27 TOO 900 and In 1903
81 10000.
The stock market in general took on a
much firmer appearance upon the publca-
ton Of the bank statement.