The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-14
STOCK MARKET
CLOSED WEAK.
Though MANY SpeciaIties Showed
Strength Throughout the Dealings.
MONETARY SITUATION EASIER
And as n Consequence Demand for
Gilt Edged Investment Bonds was
Much More Active Than ofI.atc
Demand for Outsiders.

NEW YORK. April 12.-Locai traction
ana gas properties were advanced smart
y to-day. and retained about half the
rise so the end. Brooklyn RAPID Transit's
strength was connected with its purchase
OF the King County Elevated system.
therc were no new developments TO ac-
count for the rise in Manhattan and
metropolitan Assurances that adverse
legislation was unlikely helped Cons0l-
dated Gas and Brooklyn Union Gas.
Among other Spccialties that We're strong
were sugar and Pressed Steel Car. The
ACTIVITY and strength Of the specialtics
caused the early weakness i'm London to
De ignored, and the standard railways
were neglected until the afternoon. when
renewed activity was at the expense Of
values. Some considered the Samoan in
cident as bear argument. but crop dam
age reports caused the grangers TO be
sold freely. The bull interests seemed TO
bun up their properties some in the after
noon, but were not heavy buyers. judging
by appearances. The rcactiOnaIU move
mont in the railways cut down some Of
the advances IN special issues, including
the Tobacco stocks
The selling movement increased toward
the close. leaving the market weak. CalI
mony in The late dealings ran up 70 the
legal ngure, hut later eaSed OF 10 per
cent The public was induced by the
early advance iu the specialties 10 take
an increased interest In the volume of
house buying. The more nv
gent demand of this character was salts
fed before the final hour, when there was
considerable professional realizing.
The comparative ease Of the monetary
situation Influenced 10 return of invest
mcut orders i'm the bond market. which
caused an active demand and higher
prices for the gii-cdged issues. Semi
speculative margins were taken for
turn. ana the market was decidedly
strong IN many spots. A feature of the
trading was the Increased inquiry for
outside town centers. but this demand
was largely for the medium grade securi-
ties Total sales, $&3lo,VOD. United
States rs registered and As coupon adj
vanced H. but the old Is registered g.
acted IN the bid price
The total sales Of stocks were 7gf 900
shares. including 1928 AtchsOn pre-
ferred $3.50 Louisville and Nashville. 81
39l Manhattan: non Metropolitan Street
railway. II .62O Reading first preferred.
II. 52s Missouri Pacific. 64JO New York
Central, IS. 100 Northern Pacinc, 0,1lO
Rock Island: 5.9O5 Union Pacific. 1860
ST. Paul. 12O7O American Steel and Wire;
47.G7O Federal Steel. 1890 Federal Steel
preferred. S5,725 Peoples Gas; 69.14J
Brooklyn Rapid Transit; A. 3S Conti-
mental Tobacco. - OiJ Tennessee Coal.
500 Leather preferred.
MONEY AND EXCHA NGE.-Money on
call steady az 4 per cent: last loan at 4
per cent. prime mercantile paper. 3l204il
per cent Sterling exchange firm, with
actual business I'm bankers bills at S4S6i2
az S6A for demand and SiSfit uiS4ia for
sixty days posted rates. S4.Siian4 S7i4;
tihcates GO0GOi5: bar silver. J9s. MeXi-
can dollars HIS Government bonds ir-
regular: state bonds inactive. railroad
bonds strong.