| Show i FINANCIAL REVIEW Week In Wall Street Has Been Unusually L Un-usually Exciting Nfew York April 5 Bradstrcets Financial Finan-cial RevIew tomorrow will say1 Although tho rloslug of Iho stock exchange both Good Friday and today has educed i tho I business week In Wall street to four days it will rank is one of tho most exciting periods In tho history of tho stock market mar-ket Enormous dealings in securities with a speculative spirit which seemed running lo extremes wore time rulo throughout The presence of the public aa buyers OL securities was on a larger scale than for years past but on time other hand Iho I manipulation was of a most open kind and was conducted with a degree pf skill that has never been equaled 1lemt yin realizing sales wcro witnessed bolh Y-In the United States Steel stocks which wero time leading feature of tho market and in tho prominent railroad stocks At tho same time the buying demand seemed to absorb the heavy olferlngs and any favorable rumors wore accepted with avidity and served to kcop up lie advances ad-vances Not until Thursday when the holiday Induced realizing by tho professionals and when a rise In the rate for call loans to it per cent scorned to Indicate that tho I money market was unable to support the exaggerated speculation any further was there a scnulblo check to time bullish movement Tim outpour of stocks on that day was on the largest possible possiliii scab and prices yielded all around In simiLe of lie confident predictions lhat next week will witness a renewal of tho samo conditions In tho market Tho i market seemed lo bo passing through 0110 of those periods of speculative excitement when facts are disregarded At the samo tlino it must bo noted that a good deal of attention was glvon to circumstances lute limo favorable crop outlook and tho continued Increase in railroad earnings as well aa to the advantageous position of time Iron and oilier Industries of time country coun-try Money market conditions also were not disregarded and the action of the Sec rotary of tho Treasury In deciding lo purchase bonds for time sinking fund wan considered as offsetting lie effect of the t current gold shipments The treasury purchases of bonds amounted lo nearly I 3OGOiCO and time disbursements on that account reduced the drain on the bunks for account of the treasury to mi Insignificant Insig-nificant sum The Importance of this In tho eyes of the speculative community lies in the fact lint It Is generally admitted ad-mitted that a largo amount of gold will have to go lo Europe during time present spring on account of the Gorman and other Government loans which arc belt mg brought out |
