The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-04-11
NEW YORK.


NEW YORK April 70 The movement q prices
m tosAys stock market largely represented CON
10. IA speculative forces for supremacy The frVcgs
Il reaction Hnaig prcyailci and tie market ci,sed
decidedly seak sui At level seneralis below lsSt
nights cIoSe THIS rsuit achieved after many
vicssituies and extreme iTrcsularity tst the mere
fact ~ the psvsce q aggressive hear eiilue IN
the market served as a deterrent to the buyiug
demand frcln outsiders which had constituted the
uudeling strength e The market Cnsnraissioa
houses repoft large falling % ~ the Nelnme o
Orders which have made the market oIfn GOV many
DAYS with a rush 70 bay, and which served 10 con
rcnicativ absorb the prittakins sales q the pro
fesssana element THIS class * orders has either
been withdrawn has been placed al a level II
rricTs below that nov existing The operators for
the decline have no, ~ succecded IN hrinsing o't
n the Csanaacace tina; They win fesch sfoploss cr-
dr-s which will rrecipitste sudden drip AL
around Their Efforts were contested today hr
pnoT operations ia q numhr q stocks, and the
continued demand from London for stocks was
against them Bvt The operators for tiss seemed
60 lose vcuraEe towards the close q the day, Nnd
realizing IN stocks which had shown strength was
vcry general These included in the railroad list
par,i.ulafiy the Baltimore n Ohio stocks. the Mis-
soau Pacific and other Southwestern railroads Nor
folk a Western and some q the coslers
The indHsirials and specialtis- were extremely SC
tive and irregular under the influence % specth
causes. sugar rallied SHARPLY from early de-
cline the announcement .hst the eunrsry's pnn-
cirai competitor had advanced the price q rcfned
sugars TO parity The stock sid ed AEain WITH
general weakness q the market Third Avenue shot
up nearly 10 points on the announcement that It's
bond issue had bren placed A long standing short
interest forctd 20 tsse losses and close cut.
after which the stock reiapsed somewhat Realizing
rs ihe nroakiyn Transit pool forced the stock down
u points from the early high level The metal
stocks under hear pressure. especially steel and
Wire The hears circulated ramors that difficulties
had been encountered IN the projected listing II the
Stock the LONDON stock exchange. Continental
Tohacco suffered from uinnfS q poor shcwtng of
earnings 10 ~ made in tho annual report witch "
expected tomorrow.
The parifC stocks suffered especially from bcer
pressure and realizing and the eransers were some
what Affected ~ the fatrcast - the eoycrnmcut
cron report which had huuish effcet on tho wheat
nasftc' The signs AZ disconrAgenaeHt the part
Il the mRniraatofs Tor the advance acccntuated
the reacsiauasf tendency the dsy prQsrcSsed and
some sharp net losses IN railroad stocks the
result \ further rise N sterling exchange 20
within fraction ~ thc Enld export print led 90
discussion 0f the prospect q an outward movement
~ gold The continued 81 money here would
favor sHch a movement hnt the taking up IN the
ips,arrnent - the British losn. which ssifened To-
DAYS money market 10 London mas he followed hy
= relaxation In rates thero sna symrn-
thetic response IN sterling exchange here.
The hUud msrhtf moderately quiet. and prize
changes were irregular fetal sales par value, 81
IN o.
Tinted states new u declined and the old n AZ.
ranccd I and ihe IS I in the hid prize.