The daily morning journal and courier., 1900-04-07
r tMnuCInt.
------- THE STOCK " fRK EFT.
Indusfrials Strong and the Railroads
 IIcnvy.

Indusfrials Strong and the Railroads
 Heavy.
 New York, April 6.-Speculation in the industrials and the railroad stocks showed distinct dividing line to-day.
 Both departments were extremely ir- regular but generally speaking the in dustrials were strong and the railroads were heavy. The sagging tendency of | the railroads seemd to be due for the most part to selling to take profits. The volume of the buying demand was very much diminished and tho realizing was conducted therefore under that much disadvantage The selling was not in great volume, but when it did attain to any proportions the downward course of prices was quite fast There were some points of strength in the railroad list, but the few advances were not well maintained and were not effective in sustaining the rest of the market, Pennsylvania was lifted at one time over a point and other stocks to show strength were Baltimore and Ohio pre- ferred, Missouri Pacific, Burlington, Canada Southern and, after an early period of weakness, Southern Pacific. The last named stock sold off sharply in the morning on rumors of dissen sions among the directors which were circulated by the bears and subsequent ly denied. This was about the only railroad stock to reflect any positive ag- gression, the bears showing a very cautious diversion, but the other Pacific stocks were sold to take profits more heavily than the average. London was free seller with considerable influ- ence upon sentiment, and the news of trouble in British West Africa and the new mishap to the British troops in the Free State prompted some selling at first hand by the local traders. The in- dustrials and speclalties made a nota- ble show of strength, each apparently under the influence of some individual cause. Sugar was bid up against the shorts with the suggestion that recent operations might have resulted in a transfer of control Peoples Gas moved up on persistent reports of the absorption of the Ogden Gas company. The Rubber stocks were strong on the dividend declarations and the earnings statement. Leather and Tobacco moved up under manipulation. The New York utilities moved upwards un- der demand from the short interest. The advance in each case was irregular and was not fully maintained Minne- apolis, St. Paul and Saulte Ste Marie stocks rose sharply without any expla- nation. Preliminary estimates of the weeks cash changes indicate favora- ble bank statement tomorrow. Sub treasury operations alone have yielded $3, S51 ,00O to the market. The currency with the interior by express has been considerably smaller both ways than last week, but the net gain for New York is about half million dollars. A further loan expansion is on account of stock market ! activity, but it will probably be partly | offset by the further liquidation of loans | for holding government bonds, which | have continued to come on the market. | Sterling exchange rose sharply to-day | under the influence of London selling of | stocks, firmer money in London and | easier money here. The rate is now within measureable distance of the gold | export point, and if the same condi- tions continue for any length of time gold will likely go out in the immediate l future.
 There was a decrease in activity in the bond market and prices yielded at some points. Some issues were well .aken at advancing prices.
 Total sales. par value $2, 1855 000
 United States refunding twos when ssued declined 12 and the threes regis tered advanced IA in the bid price.
 NEW YORK STOCK MARKET Opening, Highest, Lowest Qu6tnttons )n the New York Stock Exchange, reported by Prince & Whitely, Brokers, 15 Center Street, New Haven.
 Open. High. Low. Last