The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-26
Market UNSTEADY
THROUG'H 0UT WEEK
.--4------- ---------.
Sentiment Swaycd First to Onc
Side and Then to Other BY
Conflicting Reports.
BUSINESS CONTINUED DULL y|l
General Outlook Not Bad and
Better Market is Confidently
Expected.
fsnec,ai 70 rhe Timcs-Dlspatch.)

(Special to The Tlmcs-Dlspatch)
NEW YORK, March 25.--.Ghe market
during the past week. has been dull and
embarrassing, largely in tho lands Of
the professional element, and the range
" 4 quotations has been Within narrow
limits. There were periods Of strength,
succeeded Immediately by periods OF
weakness. Continent has been swnycd
first to one, side, then to tho other by
the conflicting reports from Algectras
and indianapolis.
The question OF coal strike and the
question Of an agreement OF tho powers
over Morocco are still undecided, but
We'll Street has remained optimistic in
regard To both, the great majority OF
the speculative community claiming that
an agreement would be arrived at sat
lsfactory to oil parties in the two dis
putes.
Railroad Stocks Strong.
As a 1,,lc, it may be said that the
standard railroad stocks exhibited con
siderable underlying strength, even when
the market was weakest, and that VIDE
fluctuations were confined to the specials
.ty and Industrial section of the market.
Toward tho last Of the week Reading
became the center Of attraction, display
Ing very great strength. On very good
buying this issue advanced about eight
points from the low figures earlier in the
wcek.The leadership In stocks on Fri
day was calculated to appeal 1avorably
to speculative sentiment, notably Read
Ing Ainalgamatcd Copper. Union Pacific
ana Southern Pacific. but 1t was gen :
orally supposed to DO of highly pro-
fcssional origin. and for that reason It
was not convincing. The market at the
opening was dull and rather heavy all
around. Later on tho aggressive buying
Of Reading began, and this stock rose
rapidly. Buying Of q somewhat less ag-
gressive nature advanced Union Pacific,
(Amalga mated Copper and several other
stocks to the extent Of about per cent.
The. stocks upon which the buying had
caooiniverged,3 held their advances fairly
Well during the afternoon, but the volume
OF trading declined and there was evil
dence here and there Of quiet profit
taking. @ 40
Z Price changes during the small session
Of Saturday, we're unlmportant. Cana
dian Pacific and the $500 stocks were
prominent ledtuTcSr Olsf tIC ~ au'bt7 ~ st'S
first hour and these issues scored good
advances. Reading, however. was under
some selling pressure and ruled bclo"
the Eclose OF Friday. Other stocks were
inactive and moved within narrow limits
.s, ..,,, Bank Statement.
The bank statement showed small
changes for the week but there was 1T
tie doing in the market until the last
few minutes, when prices eased of
slightly under proht-talng.
The money situation. which is still
considered the most important one by
many people. improved somewhat during
the week. Quotably, the money is un.
changed, but is in less demand and full
Ter supply, while call rates have beer
gradually tending downward.
General business conditions throughout
the country remain unchanged.
Railroad and general business reports
are all that can be desired and the
season OF probation for winter wheat is
now rapidly drawing to an end.
General sentiment remains optimistic
and Wall Street Is looking forward tc
an active and higher market next month