Show I STOCK MARKET MARKETIS IS UNSETTLED 1 I Bad Impression Was Carried Over From Prom Saturday RUSH R SH TO TAKE PROFITS CLOSE WAS HEAVY AND VERY UNCERTAIN New York April 17 There was con considerable unsettlement manifested in inthe inthe inthe the stock market m today tOda which wAs w s partly due dUfO to the carrying over of a n abad abad bad impression from Saturday on ac account account account count of the rather ather urgent pressure to take profits on the weeks rise This impression was partly dissipated di by the buoyant opening this m but the high prices made then invited re ye selling and served to discourage the confidence of operators for higher prices The market for the rest of the day was spotty spott and irregular The selling on the opening rise was of such volume and character as was not to be ignored It was generally sup posed to be due in part to the feces I sity of protective measures mea ures in conner I tion with the wheat speculation Vari Var Various ous publications pointing to the hazardous position of those tho e committed to the wheat hent deal made opinion tive on this point I In the wheat market Itself the weather news helped to sustain prices and to that extent relieved ap over oer the immediate situa tion of the yield i ld But on the tIle other hand the possibility of or damage damge to the crop by the th unseasonable weather eather is a disadvantage dl to values alues of stocks and had its part in cooling the demand The wintry weather carried its threat of damage to other crops as well wen and was one of the appreciable factors in stock market Another was the assemblage of the senate commit I Itee tee to investigate the problem of rail road rate legislation This topic has fallen into the background during the recent enthusiasm in the th stock lation The reports of the committees Intention served to bring it into con again with its ultimate pos possibilities possibilities when congress assembles Railroad officials continue to talk in very confident terms regarding traffic but their usual weekly Interviews were of ot a more restrained tone than for some time past While these minor considerations played pIA ed their part the market continued to give he the time principal attention to the question of the North ern em Securities distribution and the readjustment growing out of it While e the mandate of the supreme court Is sued as was expected there was still the absolute lack of ot official announce announce ment or confirmation for any an of or the many man stories of deals supposed to be awaiting this event The situation proved a strain to speculative specula tive confidence especially in view vIe of or the highly concentrated char acter aeter of much of the selling of Union Pacific and the fears aroused arous d as to what it might imply This stock and Northern Securities on the time curb re acted with some violence after the opening and carried depression into the thC other stocks which have moved moed in sympathy with them The strength shown Paul did not nor serve altogether to offset this in fluence Neither did the sustained ad advance advance vance in Atlantic Coast line him which was only moderate in its effect even in its own group Time The renewed strength in the United States Steel stocks tocks was of much influence and seemed to be he due to satisfaction with the proceedings at the annual meeting of ot the corpora tion The preferred rose easily easil to a anew anew anew new record level Money Ione here was dis easier but sterling exchange was steady The closing tone of the market was heavy heay and uncertain as It had been for most of or the day da Bonds were irregular Total sales par value United States and ts s registered Je declined 4 14 and the coupon percent percent per percent cent on call I |