Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-22
Increased Volume of Business
Featured Market.
CONSIDERABLE ANIMATION
Operators Followed Up With Furthe.;
Heavy Purchases.
LONDON IS REPORTED STEADY
United States Steel. Anal. Copper and
american Smelling Among the
Leading Attractions.
LONDON is REPORTED STEADY


Spectral Dispatch TO The Star
NEW YORK. April o2-The day In the
stock market was characterized by a very
great increase in the volume of business
aud 10y "A larger degree of animation than
has been Witnessed at any time during the
past ten days. From this it may be seen
tina, the sharp rally which ttok place in the
Blessings dealings in the market Satur-
day possessed apparently more enduring
qualities than was suspected at the time.
Notwithstanding the general betterment
an conditions today it was still exceedingly
difficult to assign any other than techRical
reasons for the course Of prices. Apparent
IL the same financial interests whose oper-
ations converted last weeks stagnant deal
ings into the animated market which pre-
vailed at the close OF business Satur-
day we're willing to follow up the success
they then achieved by further heavy pur-
Chas,s of securities.
This buying again fell upon market in
which there was a virtual absence of liqui-
datinn and in which there still exists quite
extended short account. 1t is consequently
not difficult to assign these uIrect reasons
Tor the turn In the markets appear
ancc. although II might be wished thal
some explanation extending beyond the
mechanical aspects of the market might be
adduced also. Such. however. was not the
Gase far as any developments over sun
day occurrences during the course OF the
business session were concerned. Ihere was
little change In the general character. or the
weather and crop advlces from the west.
but on the other hand. the grain market
was decidedly less buoyant than during the
closing days OF last week.
Local money market conditions showed
no material alteration and sterling ex-
change continued decidedly strong.
Local Dealings Relatively Active.
In the local dealings IL was again the
case that one stock varied from another
only in respect of relative activity and in
range OF fiuctuation. These characteristics
were again most pronounced in exactly the
same stocks which have been similarly
prominent for many weeks past.
1t il hardly necessary to add that in
CIuded in the number were the United
States Steel shares. Amalgamated Copper,
American Smelling, Reading ST. Paul.
Union Pacific and Southern Pacific. In the
instance of the United States Steel stocks
q specific inspiration might hive been found
I'm the fact that the dividends will be acted
upon a week from tomorrow. but little news
or gossip attached to the transactions in
other securities.
There were no exceptions of any i'm
psrtance to the general updrift of prices.
md. considering the extent of the max
irnunn advances scored, the trading showed
remarkably well-sustained degree of
strength.
One matter referred to in connection
with the rise in the stock market was
TIE forthcoming address which the Pres
3dent will deliver at the opening of the
Jamestown exposition Friday. 1t was
not pretended that any one possessed
advance information as to the text of the
Presidents speech. nor was 1T suggested
that Mi. Roosevelt had undergone any
change of heart or mind since his pre-
10 be taken that the financial community
would in all proba bility not be further
disturbed by what the President might
say. and. on the other hand, there was
Il possibility that he might elect to make
those reassuring declarations which were
sought Of him a number of weeks ago.