Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-20
Days Market as a Whole Par
ticuIarIy Negative.
IRREGULAR TENDENCIES
Many Stocks Reacted Sharply After
the Opening.
BOND MARKET THE FEATURE
Discussion Converged Almost Ex-
clusively Upon the Political
Situation.
BOND MARKET THE FEATURE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. April 2o.-Notwithstand-
ing the passage OF three days since the
close Of business Thursday afternoon
there was actually very little in the de-
velopments of the meantime calculated
to shape speculative sentiment strongly
In one direction or another. and such oc-
currences as were noted produced at all
events little definite effect upon todays
stock market.
The European stock exchanges remained
closed over the Easter holiday. so that
no reflections were furnished from those
quarters Of the seemingly threatening
diplomatic relations between Italy and
Turkey. The most important develop
ments over the holiday had to do rather
with the affairs Of particular properties
and securities than with the market al
large.
The setback administered to, the Aldrich
financial bill and the substitution in Its
place Of another measure passed alike
without extended comment. Neither did
the further engagements OF gold Tor ex-
port announced this morning appear to
cut any especial figure in today's trans
actions. Saturdays bank statement meas
ured up fairly well to the general expec-
tations and might also be relegated to q
place among the matters which were dis
missed from any great consideration.
Railway Statements.
Naturally a large number of state
ments Of railway trafic were published
over the period covered by the holidays.
but these likewise furnished no surprises
and need scarcely be referred to In direct
connection with the course OF prices. In
fact the Erie railroad report for Feb
-S0ASV and for the eight ended months of
stf{ fiscal year. which was one Of the
moFt dscourasing exhibits made. was &C.
by by ,si.tys degree
It will be readily concluded from the
foregoing exposition that the days market
was. Is a whole. particularly negative
AFFAIR. During the first hour Of business
the dealings showed in a certain way a
tendency to renew the advancing drift
shown toward the close Of last week Q
session. but by midday a great deal OF
irFegularity developed. and many stocks
r4Acted rather sharply.
Gold Engagements-
Money market conditions were not ma
teriaily altered, ana sterling exchange
rates were practically unaffected by fur
Their engagements of gold for export.
1t was not easy to assign specific or
even rumored reasons for the movements
in one stock or another. A decline in
Pennsylvania was perhaps naturally at
trfbuted- to misgiving a. to the action to
Be tAkan by the directors upon the divi-
dend on the stock toward the close Of this
month: but uneasiness In this respect
seemed to b confined almost entirely to
the floor of the stock exchange.
A moderate degree Of pressure upon the
local traction shares was referred to the
orders OF the public service commission d.
recting the service lines to provide in
creased facilities for their passengers. For
the most part however. no such explicit
Information was vouched or sought for in
connection with the movements in particu-
lar stocks. r
With the exception Of wheat. the com
modify markets were heavy and the corn
option broke With especial severity.