Evening star., 1909-04-20
Due TO MANIPULATION
Reason for Many of the Ex-
tensive Movements Today.
DIVERSITY OF INTEREST
Reading the Most Conspicuous Fea-
ture Of Dealings.
MANY LESSER STOCKS ACTIVE
Some Enjoy the Most Extensive Ad-
vances Recorded-Honeyo on Call
Slightly More Active.
DIVERSITY OF INTEREST
MANY LESSER STOCKS ACTIVE
Special pIspatch to The Star.

Special Dispatch to The Star
NEW YORK, April 20.-The general
drift Of prices in today's stock market
was more irregular than was the case
yesterday, but, on the other hand. prac-
tically all of the more extensive move
ments were toward higher levels. The
volume of business was maintained upon
a fairly large scale and reflected an ap-
parently wide diversification of specula-
tive interest.
1t was seemingly true. however. that
manipulative processes were responsible
in a great measure for many Of the more
extensive movements in prices. and de-
spite the apparent general distribution
OF interest a comparatively small number
of the stocks furnished an undue pro-
portion of the total transactions.
Reading was by far the most consplcu.
Gus feature of the dealings and advanced
to the highest figures at which II mas
been quoted In several years. Tne othef
anthracite coal shares. while firm, were
not particularly conspicuous in the days
transactions, SO 1t could scarcely be con-
sidered that the decision OF the supreme
Court at Washington In the commodities
case. whenever that ruling may be hand.
ed down. was the controlling influence Of
the speculation in these securities. The
bituminous coal stocks. including notably
Baltimore and Ohio were likewise de-
cidedly firm.
Some Notable Advances.
Atnumber of ordinarily inactive stocks.
both in the railway list and the miscei-
laneous group, enjoyed the most exten-
, sive advances recorded in any particular
issues Noteworthy cases in point were
the Colorado Southern stocks. American
Can preferred. and American Locomotive.
The last named enjoyed particularly
rapid rise in the early part OF the day. but
the upward movement was not suostah-
TALLY maintained.
The European stock market continued
apparently Indifferent to the political sit
uation in Turkey. American shares were
again strong in the London stock market
and foreign houses were once more Duy-
ers here on balance upon q considerable
scale.
There was little of novelty in the gem
eral situation OF the day which might be
cited In connection with the course OF the
particular stocks.
Grain Encouraging Factor.
The hesitating course Of the grain mar
ket was again referred to as an en-
couraging factor. although the days ac-
tual 4adyices relating to crop conditions
were of a negative character.
Money on call was slightly more active.
chiefly because OF the calling of loans
upon a fairly large scale by single con-
Germ and the supposed aniliations OF the
firr, Ia question caused the professional
traders OF the board room to attach a
great deal Of importance to that circum-
stance.
The foreign exchange market continued
strong and fairly large exports of gold
for shipment to South America were ar
ranged. The local banks continue. how
ever to gain largely In their transactions
with the yubtfeasury. and today's figures
showed an advantage. since last Friday In
excess Of 5000 900.