Show PROFIT TAKING IN Ir WALL STREET Prices Took a Tumble From Prom Friday Priday I Nights Level Level t 4 t Vi Ii I MONEY MONE MARKET NOMINAL REVl WJ W OF pF CONDITIONS C S FOR R THE THEP PAST P ST WEEK I New ew York To ork April jj 15 1 After t r f speculation in n stocks a a movement to take profIts waif WK wa Indicated Im for today t A and It I developed accordingly according Prices ended generally lower than last night and th the group and stocks which haY har J moved in sympathy l with wit that not notwithstanding not the least group are lest withstanding the buoyant in lit the tiU first hour St Paul Paul atone alne one of or the group i ires after I reserving res a s I meagre gain aln on the day 2 Z than time more having baying been at one points up up p Union Pacific New Ne York Central and Illinois Central were also alS lifted am in the early ly market but a s a point pint tbt closed dost at net losses lo of over a point for forthe forth forth the th two first frt named and ami 2 for the last In the curb market Northern Securities itself was a rushed rUlhe up to 18 taut hut fell feU buck at the last to UJ The whole market entered l around arund these th movements and was wa not in any degree decree de re responsible to t any an of if the news new newl development A denial by bythe b bYthe the head hed of the Great Gret Northern and of tin tia Northern Securities companies comp of yes yesterdays yesterdays rumors rumor of a toek tolk dividend by bythe bythe bythe the former company had hal no Influence in deterring the thE continuance of the rush rth to buy 1 th stocks concerned cn at first nor did the thO tle news to values value serve to hold the Ji liter te market marke The trading rep represented r p resented purely an episode In the pro progress gress gres of an unrestrained un speculation The Th hl natural disposition to diminish out outstanding outstanding outstanding standing contracts at the close cose of the week probably was as emphasized by the possibility of a R naval engagement in the cast tast over the Sunday interval The money mone market was nominal as it i usual on a Saturday but foreign exchange moved moed up svera I points The total tal sales salee of or bonds par value were vi 1 Review of the Week 1 Speculative sentiment in stocks has hasI I shown hown some disquietude at times during hr hf week but the power of or resistance d by prices to the tue disturbing Influence has haM effectually neutralized the th effect fr and has hRS been heen a main influence in prompting the renewed advance Buying buck back balk of ef stocks by operators OIt who sold sola short early earl in the thE week during the pro pre prevailing pre railing aling doubts over the market mak l has been beena bon bona a factor In the recovery The prosperous i condition collton of business and ant industry in all al lines has hS been bEen the the potent underlying sup support I port of the market market But a revival of force forre in the rumors and mysterious inti int I matons of important developments to tom come m has hus characterized the restored de do demand doi i mand IW nt for stocks as well well Beliet Bellet in mergers j ers r and wholesale readjustment of or the railroad map maJ of the thE country has ha awak await fled nt again as RS prices mounted upward The Tit displacement from the directorate of th Northern Securities company of the thet I t head Iad of the Union Enlon Pacific systemS system was a short shock to the speculative sl confidence en In 4 by h the th constant rumors of the harmonious plans plAUS for new projects jointly contemplated 1 by the two parties partes to the theold theold theold company old dispute in the tt Northern Securities S At tIn the tl Maine aine mf time thee the suspicion got abroad that the Union 4 preferred stock tok i ue was intended for h One of or the few official intimations which could coul be b SP se SPi i cur dRs as to the th intended uses of this new J capita wap wat ws that Jt it i was considered wise In n fm of R to prepare for w jr There Thre was as R a striking reversal of opinion tin on H this subject as well wel as others with change iu lu the form of the stock mar market market market ket ket The supposition that the issuance i on Monday or of the the supreme courts man date late for the redistribution of or the North Northern ern em rn Securities ease case will wi be b the signal for announcement of or great readjustments of railroad r relations sprang into fuU fuH force torce ant ind nd showed ghowe all al its Is old ower power upon th tin speculative imagination Th The o eu n market for bonds has been ben quiet but large larKe larf new issues have been readily radi placed pieced both here and abroad I United States bonds were all al unchanged on en cn call on the week |