The age-herald., 1899-04-23
STOCK DEALINGS
 PROFESSIONAL Changes Were Trivial, With Slight Improvement T. c, 1. 6 R. R. WAS WEAK L.&N. Advanced 8 Points and Southern Preferred 2 3-s During the Week
 A Keen Investment 1n-
 quiry for Bonds.
T. c, I. & R. R. WAS WEAK

New York, April 22-The market today was almost wholly professional and the net changes were trivial, although in the way of improvement. The specialties monopo- lized attention except for activity in some of the nationals.
 In the early trading an expected favorable bank statement was discounted and on its appearance general realizing followed The appearance of a supply of stock from large dealers, giving encouragement to the bears to put out short lines and the mar ket closed with a raid in progress. The bank statement showed a large increase in loans and deposits and consequent heavy day in surplus reserve. London sold freely of Louisville, Southern preferred and Dem yer and Rio Grande, but those stocks were very well taken and closed at good ad- vances. Norfolk and Western shares were the other particularly strong railways.
 Sugar was strong throughout and gained PA Brooklyn Transit moved irreguiariy, slightly above yesterdays figures Among other specialties Continental Tobacco was pressed for sale early on the increased capitalization but rallied on supporting or ders and closed with gain of 2 points Tennessee Coal and Iron was weak, losing a point. New Jersey Central was helped by the announcement that certain high rate bonds would be refunded by the issuance of stock to be subscribed for by present stockholders The market closed weak.
 The level of prices was not much changed, declines only slightly exceeding in number to the advances. The dealings were of highly professional character, the public rather being disposed to let go their pres ent holdings or to take on new lines, ana prices of individual stocks, as rule, rose or fell only at the will of the manipulator FTst.- F%F f1a e marked abatement of prosperity in various lines of industrial activity. The--imports for March were the largest in nearly two years, nevertheless the excess of exports reached nearly $SS,OO0000, largely due to a gain in manufactured products, as the ex- port of cereals, cattle and raw material Of about $1SOOO,O 600. Sterling exchange was strong with an insufficiency of commercial bills. It was thought that preparations for the payment of the Spanish indemnity would figure in the exchange market.
 Money on call showed variable ten dency, alternatingS and followed with ease generally prevailing. Loanable funds were increased by receipts of money from Bal timore and Philadelphia. The bank clear ings and the comparative apathy in specu- lation decreased for the week over $94 ,00O,- O00 but were still greatly in excess of those of last year. The grain markets strength, supposedly refecting an expectation of shrinkage in the cereal yield, was watched narrowly for it's effect on the grangers. This group of stocks moved within com pressed limits while Burlington advanced about points on the subscription and ex- tended to stockholders. The professional element showed a frequent disposition to be bearish, while real holders of stock gen. erally clung tenaciousy to their favorites, but the liquidation of speculative holders was not kicking. The dullness of the week seemed conducive to an increase in the short interests which acted SllnDOPt to values on concessions.
 Frequently after a long period of inac- tivity, business suddenly increased as though it had been prearranged. The more notable changes in prices for the week were: Declines, Third Avenue, 91a; Brook lyn Transit, 1; Manhattan, SIS; Peoples Gas, 3ss; New York Central and Laeka- wanna and Northwestern F each. The advances include New York Air Brake, II; Colorado Fuel, 107s; Colorado Fuel, pre- ferred and New Haven, ' each; Anaconda Mining. s; National Steel, 1; New Jersey Central, Delaware and Hudson and Louis- vile over 3 each, and Southern preferred, 2%.
 There was talk at one time of recur- renee of discrimination in loans against the industriais, but less was heard of this with the easing of money.
 There were sales for western account, and several occasions which were known to be connected with information on crop prospects. Railway earnings that appeared during the week were generally favorable.
 A considerable favorable comment was aroused by the keen investment inquiry for bonds, which included middle class as prime grades. The market displayed pro- nounced strength throughout. moving nde- pendently of the stock market. United States 2s registered and new is registered advanced F, 3s, coupon and old 4s regis tered A, and old As, coupon and new As, coupon, E in the bid price.
 The total sales of stocks today were 306- "A shares, including 1660o American Sugar; 7900 Anaconda; 8100 Atchison preferred; 16,S0O Brooklyn Transit; 2S,4GO Continental Tobacco; l5000 Denver and Rio Grande; 10,700 Des Moines and Ft D.; 69OO L. & N; 22 800 Manhattan Beach, 10 200 Mexican Gen. tral $500 National Steel; $500 Norfolk and Western preferred; 16,900 Southern Railway preferred; 12,900 Tennessee Coal and Iron; 5S0 Wheeling and Lake Erie.
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