The times. [volume] (Richmond, Va.) 1890-1903, 1900-04-10
PRICES SOUGHT
A LOWER LEVEL
Consequent Upon SATURDAYS I'm.
favorable Statement.
BUSINESS IN. BONDS .moDERAT E.
Tho Selling Pressure Was Not Par
tlcularly Severe, But Was Sufficient
to Bear Prices Downward
Considerably.
BUSINESS IN BONDS MODERATE.

NEW YORK, April 9.-The stock mar
ket made the expected response to Sat
rrday's unfavorable bank statement by a
general drawing in of speculative ven
lures. The selling pressure was not par
ucularly severe in the general market
butSW1th the curtailment of the buying
demand consequent upon the disappoint-
ment over the bank showing the burden
,of offerings was sufficient to bear down
prices to a lower level The higher range
OF prices in London and an opening. here
above Saturdays level in sympathy did
mot have the hoped for effect OF dissuad-l
ing sellers. On the contrary, the higher
prices seemed to invite profit-taking. and
The opening gains were not long main,
tanned. The acute depression manifested
by Sugar had an additional influence in
depressing the market. This mercurial
industrial gave evidence during the later
part of the day Of being oversold. and
after having fallen nearly points. re-
covered more than half of the decline.
The room traders who had sold the list
gon the strength of the weakness in Sugar
were driven to cover by this rally and
The aggressive strength developed at a
few other points. As a consequence the
I. closing was active and firm at Level
considerably above the low point of the
day, but showing net declines for the
majority of stocks. The weakness of
Sugar in the morning caused signs of
nrely sympathy at other points in the
industrial list. Peoples Gas, the To-
bacco stocks and a number OF the iron
L
TO points. The strength manifested by
the New York fractions served as an OFF,
set to- this. the railroad list maintaining
a condition resembling suspended ami
nation Large inroaGS upon the Pacific
stocks, Pennsylvania and the ErangerS
turned the tide toward depression until
aggressive strength developed in Mis-
souri, Pacific. This stock moved I'D to
54k in the late transactions on heavy
buying, and Brooklyn Transit rose buoy
antly TO 1912. with a stimulating effect on
the general list.
Very heavy selling orders We're attrib-
utcd to Chicago account and sharp fall
in New York exchange at Chicago to 30
cents discount may have been due to this
course. The movement in the SDecialties
was due to individual causes. The street
WAS full of rumors all day regarding
Sugar, and having TO do with the rise in
price of raw sugar. Brooklyn Transit
was manipulated by a pool with a pre-
liminary tip for an advance.
London showed a disposition to buy
stocks here. In spite of the stiffness of
the London money market on the taking
up OF another inStalment of the war loan.
but last weeks large increase in loans
here is generally attributed to large bor-
stocks here Although the stock market
weakened on the banks showing the
money market failed to show any effect
OF the decrease in resources Of the banks.
Business in bonds was of moderate
volume. and prices We're well held. Total
sales. par value, s.. i!3, 600. United states
old 4 S and . declined a IN Inc bld
price.
The total sales of stocks to-day were
7G4. 800 shares, including -Atchison. $3.50;
do. preferred. 21.1So: Baltimore and Ohio.
7,49I: Chesapeake and Ohio. 32.370: Bur
lington and Quincy. 12.335o: Manhattan,
1890: Metropolitan, $3.50: Missouri Pa
cific, 56.7G5: Norfolk and Western. G9G0:
Pennsylvania. - 95: st. Paul. $500:
onion Pacific, 4S.4S0: American Steel and
Wire. 17.750; American Tobacco, 5000;
Brooklyn Rapid Transit. 7..Go9: Cont
mental tobacco, u go; Federal Steel, H.
CTS: Sugar. 132 $50.
MONEY AND EXCHANGE-Mon on
call steady at :;G4 per cent: last loan at
:: per cent: prime mercantile paper, 4Aa3
actual business in bankers bills at 81 .S6,s
H4.S1 for demand and at S4.Si1. for sixty
days; posted rates, S4.S4QiS 41a and S4.SIlA
m4-SS: commercial bills. 81 S3d4. S:'lA. Sill
yer certificates. 601@G6114; bar silver, 53ia
Mexican dollars, Al. Government bonds
weak: State bonds inactive; railroad