The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-04-10
STOCKS \ BONDS

me market 1Gf futures CIOSed SIeduS
p5rh prices net two to eight points high
STOCKS AND BONDS.
New York. April THE speculative
for an advance in prices Of
securities received a decided shock in
thc showing made by the clearing house
IN their weekly statement today.
The buying demand fell away and stocks
ra1ne upon the market at declining prices.
The most important part of the earlier
gains were wiped out and the market
sed unsettled and irregular, prices
L swing in contrary directions in differ
b PARTS Of the list and net changes
sSe51- much mixed. The short session thus
e. began suspiciously enough, under
t. influence OF renewed buying orders
T. abroad. which were said to have
I ralr source in Holland. Sui pools re-
Il 4el their operations in various stocks,
a. tho continued strength in Sugar gave
toae 10 the Industrial list. Pennsylvania,
Baltimore and Ohio preferred. Missouri
Pacific ana Chesapeake and Ohio We're
torsrlouoUs examples Of strength. The
l.. promptly gave way upon the appear
fnee of the bank statement on the tape.
preliminary estimates of the gain in cash
a6 placed it from four million to six
bullion dollars. Operations with the Sub
2 Teasurv alone furnished an increase Of
-four million TO the banks. Wall Street is
D. The dark as 20 what drain on the
banks. resources has SO far offset this
/ Vantage as 10 bring the cash Increase
Town to &1.13S, 400. 1t was also expected
that The continued liquidation of loans
tar account OF holders of government
D 1nds, who have been selling them to
1aalize IN the advance in prices would
offset the expansion of loans on account
b. stock market transactions to a large
extent. The large realizing of specula-
tiyc profits in the stock market was in
GlcatiVe also Of a paying Of Of loans to
some extent. The street was wholly UNI
prepared for d large increase in loans.
which showed the enormous expansion OF
Sl2.954 800. This served to swell the re-
serve requirements 10 the extent Of So
.t69, 80 and the cash increase fell short
,of this by s 1881. $50. which therefore
lneasured the shrinkage on the surplus.
he inference is clear and unmistakable
fa#t the encroachments made by specu-
a-lve demand upon the loanable re-
1urces Of the banks have been outrun-
ping the increase from other sources. A
-..A ~ speculative dcilNttS Is Illltd-
business in the bone market has been
q very large scale. United States re-
ding rs (When issued) declined 70;
Us ]: old as and IS 81; new is Il;
the 3s il per cent in the bid price.
Tho total sales Of stocks today were
.t shares, including the following:
t..a.e on. 600; Atchison preferred, s.
E. t-.rI"-CrDY, - nfn. Jo~I,o+tnr IN SQE.
Ae7aaeate and Ohio, &c ,745; Missouri
#H1e. -t.7G0; Northern Pacific, $40;
"haEirania, q. 800; Southern Pacific,
...". Union Pacific. / 1910; Wabash pre-
"Et 1850; Brooklyn Rapid Transit,
Peoples Gas, II POI; American
.. 1896.
GRAIN AND PROVISIONS.
ago. April IA report was current
..0 exchange today that some influ-
longs were ready to disgorge their
vi 81 "N.aing5. This was an influence in
III -m markets, which were easier.
a squeeze in ribs was potent
hog product pit, the close being
II improved in pork and lard, to
her in ribs. May corn closed
"sHl2 lower; May wheat weak,
down and May oats easier at d loss
" Yesterday of Is.
I'm & STOUT'S COTTON LETTER
Special to News and Discovery
York, April, marked irregulari-
.' been seen in the movement of the
t market this week. Tho campara