Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-26
Very Little Feature to Today's
Transactions.
ONLY TWO STOCKS ACTIVE
Union Pacific and Reading Center of
Interest.
TRADING ON CONTRACTED SCALE
Grain Furry Restrained Bettering
Tendencies of Stocks-London
Market Equally Sluggish.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, April 2G.-Aside from the
continued concentration of activity upon
Union Pacific and Reading there was very
little feature to the days dealings upon the
stock exchange. and that was by no means
a novel one. These two stocks furnished,
in fact even a larger proportion or the
days total transactions than they nave
done of late Their exceptional animation
served naturally to excite various rumors
in explanation thereof. but none Of these
was edifying, and no actual facts were
elected.
The days stock market as a whole was
little more than counterpart of its prede-
cessors of the present week. During the
greater part of the business session trad
ing was conducted upon even a more con-
tracted scale than previously. So far as
any definite tone could be assigned to such
a market It might have been designated as
firm.
In the early dealings a number of stocks
scored advances approximatng and in ex-
cess of one point, and trading in general
showed firm tendencies up to the time
that there took place a very sharp rise
In the grain market, the July wheat option
advancing nearly per cent bushei- The
movement in that quarter served to re-
strain to some extent the lettering tend
encies in the stock market. but did not
lead to any very extended declines.
The strength of the grain market was,
of course. attributed 10 purchases based
chiefly upon the dscouraging advices re-
gardng the crops and the prevailing
weather conditions which were received
from various centdal and southwestern
states. Apart from the dealings in Union
Pacific and Reading little or nothing of in
terest transpired in the railway list. The
Erie stocks and the Chicago Great West
ern issues. which were points of especial
l1N liz;
enci"s this morning.
London Market Sluggish.
Transactions in the industrial and mis-
ceLaneous issues and In the local trac-
ton stocks were in very light volume
United States Steel common and Amalga-
mated Copper We're we'll nigh stationary dur
Ing the greater part of the day. American
Smelling was comparatively strong on
further discussion with regard to the prob
abilities of a substantial increase in the
rate of dividend sooner or later
The London stock market was equally
sluggish with that in Wall street, although
the copper stocks were exceptionally firm
In connection with the renewal of harden
Ing tendencies in the market for the metal
Operations here for foreign account, as has
beeh The case throughout the week, showed
a considerable preponderance of sales.
1t did not appear that the address of the
President delivered today at the opening
or the jamestown exposition could be
cited as an influence in the trading in one
way or another.
Scant attention also appeared to be ac-
corded to the outlook for tomorrow's bank
statement. The preliminary estimate OF
the principal movements in currency dur
ing the week Indicated a net loss in cash
by the banks somewhat in excess of
Sl.pOo.pD. the first which they have re-
ported In long time Should the loan
account In tomorrow's statement show any
considerable increase, ii is plain that a
material reduction in surplus reserves must
be reCkoned upon. At the same time to-
days money market showed no alteration
In any essential respects.