Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-05-28
Business Volume Fell Below
Totals Last Week.
A FEW STOCKS FEATURED
Reading Retained Prominent Position
in Market.
PENNSYLVANIA STOCKS ACTIVE
Local fractions Relatively Weak
opening Declines Were Mostly
Recovered-London Heavy.
Special Dispatch to The star.

Special Dispatch to The star
NEW YORK. May 2s.-The volume OF
business in the days stock market fell far
below the totals which were recorded In
Thursdays and Fridays dealings, but in
other respects the trading presented the
same general characteristics which were
observed last week Interest converged
largely upon q comparatively few stocks
and Reading easily retained the notably
conspicuous position in the market winch
1t has recently occupied.
That stock, along with the remainder or
the list. was heavy in the early dealings.
but with the course OF the morning II raj
lied vigorously and carried upward in its
wake the other anthracite stocks. and ID a
lesser extent. the market at large.
II IS almost unnecessary to say that there
were no new Developments relating to the
Reading property aside perhaps from this
mornings suggestions that the president OF
the company who has made such striking
success OF It's management since the re-
organization, might In the event OF the
possible change in the Pennsylvania man
agement be elected TO the presidency or
that company.
1t is not easy to see why this should be
construed as constructive factor in Read
ing affairs. and In local banking circles
much doubt was expressed with regard to
the verify of this mornings Philadelphia
advices.
Leading Railway Features
PENNSYLVANIA was also actively dealt IN
and again we'll supported. Other leading
features in the railway list were Erie. Atch-
ison Union Pacific and St. Paul IraIls-
actions III the last-named stock were ac-
conpanied by intimations that announce
nlent would soon be made that the COM
pany was on the verge or concluding heSo
tiations in Paris for the financing OF us
Sin m a
same lines followed by the Pennsylvania.
The local traction stocks were reiauNely
weak Brooklyn Rapid Transit being as
usual during the heated term, unfaNorapiS
influenced by yesterdays bad weather
which il was argued would lead to ma
teriaI falling off in its revenue through tAe
Interruption of traffic to the seasioe ,,o.,
the industrial and miscellaneous issues
followed the same irregular lines which
were traversed by the railway list.
Opening declines were In many instances
recovered, but throughout 'he uaS e" ,,,,
were frequent changes of tone and the net
results of the dealings were neither eX-
tenstve nor particularly significant.
Some Firm Features.
The acceptance by the House of Repre-
santatiyes of the Senate's amendments to
the free alcohol bill was instanced as ac-
counting for quite a sharp advance in Sugar
Refining and American Beet Sugar but, on
the other hand the dealings and the nuc-
tuations in Distlllers securities were Soii
paratively limited
Reiatively firm Features in this quarter
we're United States Cast Iron Pipe, Colorado
ITuei and Iron and Amalgamated Copper.
London exercised only Il small influence
in this market, both in the quotations fur-
nished from that point and in the subse-
uueut operations here for foreign account
The London stock market was, however,
generally heavy. in connection with the
fortnightly settlement on the stock eN-
change. and also because OF selling there
for French account. 1t seems likely that
the latter may have been excited by the
disturbing character Of the current advices
respecting the political situation in Russia.