Show PROFIT I TAKING I IN WAll VALL STREET I Operations Conducted With Great Skill by Speculators of Long Experience E RECOVERY GOING TOO FAST SO THE NECESSARY BRAKE WAS APPLIED N w York April 6 Weekend profit f king kin was WM as the obvious influence at work the days stock market It was con with ith the th same skill that was man ted sted in yesterdays s operations arid s v vi confirmation O to the thc convict t on rn that th y were ere in the thc hands of ex rf need and resourceful speculators speculator he Iw prominence in the market of Union T r atI Southern Pacific St Paul Amal Arnal Amalgamated ArnalL L Copper and arni American Smelting I If aye f rl to the usual assumptions of by b tb the Standard Oil party I i the th market owing to the tho supposed fa fair far a ar ir r felt toward most of those stocks by lat it group of capitalists But these the oro ock were wr Wf almost alone amongst the tI Mocks in showing snowing any an notable h and their advancement looked ke kf k a device de N to hold the general market markett t I help helo hem realizing sales in other stocks hose Thoe stocks Mocks yielded with the rest of the theIa larket Ia et in the late reaction which made mad weak closing at the lowest prices of the they thea C a ay y The Th sales Ale became gener em r rII lly II effective eff in weakening the market r C ily ii IT after the appearance of the bank r although the showing of the antes wa very en strong The cash in of J OOOO fell Cell short of t I on however and nd the th loan ex helped to swell the deposit item nd the HIt reserve requirement If It is not ted that the deposit of customs col colT T 1 in New York banks will go much further In the immediate future and this t as II 5 been the principal source of there thero the re refit nt fit heavy heay cash gains of the banks The Theiron Therong iron rong onward movement of foreign ex also allO which w continued d today toda gives rint to te w some me of the reports from abroad it conditions In Berlin still leave leae some line to be Jw desired The suggestion estion found a place in the C tys discussion that eastern railroad stems would have hae to meet mert at nt an early i te ic demands from for increase wages similar to those which have hae haveT T en adjusted this week among amon western estern The principal factor in the f C y yS reaction r however was the desire t realize realise profits on the considerable ad nce of the week which was heightened hel 1 T an opinion expressed in some quarters f 1 at Rt the recovery was going too fast and andt t ti i n far feature of or the day dl was the continued and nd activity in the bond mar mart 1 lt t Total sales salee of bonds par value alue 1 T M The ThO Th trend of prices of or securities turned l v ly I upward this week wk The dom domI I int mt influence the relaxation In Inn nev n market which has become pro and has applied to all the great iney ny renters centers of the world The com corn id muses causes which have brought about t is result have worked with cumulative c t feet leading to something tike like a col eel colIn tee se in Interest rates in New Nev York This f t rn m In affairs has given Iden rise to cheerful r lt nt over the future marking as tt It tta t tc c wi a a correction c of the most threaten g feature of the financial outlook and andr r tn relief from a restraint on en enT T Wise that was as feared as an obstacle the whole course c urs of the present pros pro OIl ous conditions c of trade and Industry H w far the improvement in the money mone moner r shall shan operate to avert the evils leh were weN believed to be b overhanging 4 financial and industrial outlook con rt rt 8 a subject of the tho closest closet atton attan t n II and s study of the financial world at ati r i present pre ent time I |