The Washington herald., 1909-04-30
some PROFITS TAKEN
Stocks Hold Up Well and
Gains Are Registered.
tRAPTD TRANSIT IS ACTIVE
Railway Equipment Share. Also
Make Good Adxances-Grsin shows
Further Gains-Wheat Goes Up,
Following Cold Weather and Rain
in the Northwest and Canada.

New York. April 2s-To-day the stock
market acted Just as it did yesterday. as
the majority OF intelligent observers ex-
pected it would
The market as a whole reflected the
F3Resence Of fairly large realizing sales
consequent upon yesterdays pronounced
advance in 50 many prominent stocks
financial interests who were buyers Of
stocks yesterday seemed content 10 let
this pToht-taking process so on with lit
tie Interruption. or. in other words. let
the market take care OF itself. and it
must be said, reviewing the days results.
that the market did take care Of Itself
very well. indeed.
For one thing. enteTprising spectators
for the fall have obviously been made
cautious by recent experiences. and were
not inclined to sell stocks freely, as they
pave done on many occasions hitherto
when appearances indicated that,the buy
Ing power IA the market had momen-
tarily slacke1ed
Strong Gains Made.
Although the greater nunber OF stocks
declined to-day moderately. a goodly pro
portion showed net gains. and pressure
Of liquidation was by no means heavy.
Especially strong features were the
Brooklyn Rapid Transit, Erie. Reading.
and Southern Railway stocks for reasons
that we're OF direct bearing II a specuIa-
! tire sense n each individual case.
- The Brooklyn Rapid transit shares
FVvere bought because OF appreciation that
fears INDUCED n yesterday and the day
before over a possible passage Of the
scent Consy Island fare biz IN the re
naming days OF the session OF the
legislature were baseless. and that the
governor Of the state would surely inter
pose e veto even If by soma extraordinary
chance a bin of this nature should be-
come a Law.
The conclusion at last Of the arrange
ments that have been so long pending
between the Erie Railroad Company and
the public service commission Of the
Second district on the one hand. and the
anthracite operators and their employees
on the other, was sufficient reason for the
= strength IN these quarters, while Jhs
Southern Railway common and preferred
stocks we're bUoyant By reason OF the
dissolution to-day, after q successful
close Of their undertakings OF the syndi-
cate in charge OF the sale OF large qusn.
tity OF Southern Railway development
and general mortgage bods.
Railway Equipments Rise.
Advances IN many railway equipment
stocks were also predicted. sensiblJ
enough. upon general knowledge that th,
railways are at last increasing theil
orders for supplies An upward move
ment. too. occurred in the other lOca
traction stocks. as well as in Brooklyn
Rapid Transit
II there were any financial develop
S-neuts Of Importance to-day they wer'
comprised in a further advance in III
grain markets, IN the news OF the re
T8oval OF the person of the Sultan o
Turkey from the seat OF his former GOV
e-nment al COnstantinOple. and OF th'
excitement OF the new budget proposal
tsy the chancellor OF the, excheqUer Il
the English House Of Commons To
days strength IN wheat was in par
caused by q rise IN grain prices, in par
by the cold and rainy weather which j
delaying spring seeding operations in IN
Northwestern portion OF the country, bu
more especially In Canada. and in par
bv the destruction through FIRE OF
cuartity Of grain n Chicago
The only element Of interest 70 tn
stock market in the matter was that per
Attaining 10 the baCkBdT6ness Of the sprin3
season. Dut this has by no means 80 IA
progressed 50 as 20 offset IN the agricul
flIral prospect the advantages Furnished
bv the large fall Of moisture that ha
accompanied recent conditions