Show ACTIVITY ON WALL STREET DIEC DIED OUT upon the P publication bli cation of the do dents n ts A address u which was expected to affect market new york april 26 for a good many daya days past intimations dons have been current in stock market circles that the address of president preside nt roosevelt a at the opening ot of the jamestown D exposition would contain matter to revive active operations in irl securities and quiet all apprehension over that attitude of the administration toward corporations immediately upon the publication of the address today all activity died out odthe stock market and practical stagnation ensued the habitual operator sn sin stocks were so disgusted with the pathetic reception of this expected reviving influence that they abandoned operations A favorite racing also helped to deplete the late attendance at tho the stock exchange the presidents speech came in for much discussion nevertheless his citation of burkes it if I 1 can not reform with equity ivell not reform at all iol as the exact spir it in which this country should move athe to the reform of abuses of corporate wealth and bis his stress upon the point of permitting such ample legitimate presidents preci dents as will encourage individual initiative were dwelt elt on as offering assurance of immunity for Iny invested ested wealth from i such dangers as edve been ostentatiously dreaded by capitalists but the market was wag not stirred from its lethargy by this consideration crop damage reports continued to too 1 play I y a large part in the speculation chiefly by repressing activity but finally weakened the whole market the tone of stocks was rather firm for most of the day this waa wholly in connection with the strength of union pacific and reading that strength was unexplained by any news the opera operations tiong in union pacific were regarded as of immense importance but no conclusive opinion could b be 0 gathered as to whether accumulation or distribution van was the design money continued easy in spite of the prospect for a weak bank return tomorrow this small gain in cash which has resulted from train the weeks sub treasury operations hos has apparently been more than offset off set by the movement of currency on balance to the interior the loss in cash by the banks boang estimated in the neighborhood of a million dollars if the trang transfer fer of la linda ads from the interior to new york banks while it has been going on as tor for the two previous weeks a considerable further loan ex pension must have bave resulted there was some recovery in the london I on discount rate following the recent continuous decline reports from parts asserted that there would be no reduction from the existing three and a half per cent rate of the bank of F france rance until the regular return to paris of the gold advanced to london by that market atchison Atch lson and rock island made strong returns of march net earnings but this and the result in union pacific failed to hold the market against the growing strength of the wheat market union pacific was affected by the repetition of a holding company to take over its stock of other companies other bonds were steady total sales par value U S bond were unchanged ed on call |