Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-06
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. March $50 far as fresh
developments of consequence outside of the
limits OF the stock market itself might be
mentioned. no better reasons could be ad-
vanced for the rise IN prices today than for
yesterdays decline At the opening or
business there was naturally a very hesi-
tating tone apparent. and. in fact, the day ,
maximum advances, which in many cases
attained really extensive proportions. were
accompanied by many reactionary turns
and much uncertainty.
About all that could be said of the re-
rersal in the markets form was that dur
ing the greater part of the business ses-
sion yesterday urgent liquidation was al
together absent, and in consequence yes
terday's short sales were covered with as
much expedition as possible. Commission
houses contributed very little to the days
transactions, which were in greatly reduced
volume in comparison with yesterday S
large total.
The day was fortunately free of the
rumors OF various descriptions which not
unnaturally accompanied yesterdays unset
Element, and for the more sinister of these
reports there appeared TO be no founda
ton whatever. AS for what may be desig-
mated as the speculative politics, which
may or may not be under way In the cop
per stocks, there are obviously no means
by which any yerifcaton of the gossip in
that respect could be obtained.
Copper Conspicuous.
The copper securities were as conspicuous
IN todays dealings upon the stock exchange
and in the curb market as they were yes
terday and moved in common with other
stocks. Encouraging reports upon trade
conditions in both the domestic and foreign
copper metal markets were received, but
fnasmuch as trade conditions appeared to
have had nothing to do with yesterdays
break in the copper stocks. it would hardly
De logical to cite them in connection with
Today 3 rally. Reading was one of the most
active features CT the market at large, and
that stock also showed about the widest
range of fluctuations
Todays movements I'm Reading appeared
however TO have about as little relation TO
the prospects of a strike of the anthracite
coal miners as did the fluctuations in Anal
gamated Copper to the present status of
trade conditions.
In fact it would be very difficult to at
tempt 10 assign other than the simplest
technical explanations to the movements
IN one stock or another, or to those occur
ring in the market at large. batch of ex-
tremely favorable statements of earnings
Tor various periods were indeed reported
nut the traffic returns submitted yesterday
'''"''NN iio IOT anything else
than encouragement.
The very decided strength of all the Wa
bash issues was feature of the dealings
and was accompanied by quite pronounced
nrmneSs In the other Gould securities
Continued reports of general readiust
1nent in the Wabash finances were current
but the only development in that directI Ion
was the announcement of the sale nv the
company OF a compare lively small amount
OF terminal bonds. Other strong features
of the railway list were Southern Railway
Northern Pacific and Great Northern pre-
ferred, Missouri. Kansas and Texas ard
Union Pacific. The local traction issues
were comparatively neglected, and price
movements In the industrial and misceI-
ianeous shares were in line with those in
the railway list, and more specifically
accounted for