Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-15
Stock Market Was Very Easy
All Day.
COMING HOLIDAY IGNORED
Trading Almost Entirely Of a Pro-.
fessional Sort.
LONDON WAS LIKEWISE QUIET
Operations for the Foreign Account
Were on a Negligible Scale.
Higher Exchange.
LONDON WAS LIKEWISE QUIET
Special Dispatch to The star.

Special Dispatch to The Star.
NEW YORK. April 15.-Perhaps the
most significant feature of the stock mar
ket at large today was that despite the
apprc aching protracted suspension Of
business the dealings showed at no time
any material degree Of pressure. Pre-
sumably the bulk of the speculative in
terest in securities is now ranged upon
the long side of the account. and with
this in view II might have been sup
posed that the customary closing out of
commitments of this character would
have led to heavy and sagging mar
ket. On the contrary. the dealings, while
naturally showing considerable super
ficial irregularity. nevertheless exhibited
decidedly firm undertone
The trading was highly professional in
its character. but at the close of business
the net results were limited and fairly
well divided between advances and de-
clnes. This would go to show that the
professional element and the small out
side interest in the market view alike
with composure the possible development
between the close of business of tomor-
row afternoon and its resumption Mon
day morning.
London Was Tranquil.
The London stock market displayed
about the same tendencies that were
shown in the local dealings and for the
same general reasons The recevership
announced today for the London Under
ground Railway Company had no in
fuence in either market. 1t being taken
for granted that the proceedings were of
friendly character and were undertaken
only in advance of reorganization of the
cOmpanys affairs.
Operations here for foreign account
were upon negligible scale again. The
further advance in the rates for foreign
negotiations looking to exports OF gold
played as little part in the dealings in
securities as has the corresponding pros
pect of the earlier part OF the week. The
March statement of the country's foreign
trade issued from Washington today
showed falling of in exports as COM
pared with March of last year of SD,
000nU. but on the handout total i'm
$4S0OO,NO. At the same time the recent
very pronounced falling away in the coun-
try's export trade is a matter which
must. OF course. be taken into account in
consideration of money market affairs.
The latter today showed no alteration
whatever.
The various reports bearing directly and
indirectly upon the state OF the country's
trade again made conflicting exhibits.
Those relating to the steel industries we're
rather more encouraging. but on the other
hand the ,advices setting forth an in
crease in the number of idle freight cars.
the first shown since January. made a
disagreeable impression. Little pretense
was evident to assign special reasons for
the movements In particular stocks.
Special Movements.
Pennsylvania was somewhat heavy, but
extremely dull and in that instance there
was some desultory gossip with regard
to the rate at which the ensuing dividend
will be fixed
The Manhattan borough traction shares
were reactionary chiefly apparently be-
cause OF the extent of their previous rise,
while Brooklyn Rapid Transit was ex-
ceptionally firm. United States Steel
common was also noticeably steady. os-
tensibly in connection with the slight i'm
provement noted I'm trade conditions.
Strong features of the railway list were
Atchison, Canadian Pacific and Northern
Pacific but the dealings in those securi-
ties were unaccompanied by any news or
gostip except OF the most technical de-
2crjnfiON