The daily morning journal and courier., 1900-05-01
EtmnMriul.
THE STOCK MARX FIT.
Falls Back and Becomes Dull and
 

Falls Back and Becomes Dull and Heavy.
 1 New York, April 30-The day on the stock market started off with another at l tempt to rush up prices by speculative manipulation, with the purpose of attract ] ing an outside following But the short in- terest had been so far eliminated by the later events of last week that there was not sufficient demand from that source to keep up prices. Neither was there any in- terest developed through the commission houses. The market therefore fell back and became dull and heavy, but without posi- tive weakness, until some of the later de- velopments, when the bears showed renew ed vigor and sold prices to the lowest of the day
 The violent break in Sugar was the prin,- ePa eaa eeme9t n m m the 1T tna % dh5 stoc6 ac9 recovered to that figure after a reaction and then fell away with occasional spas modlc rallies to Ill 3-4, closing only slight ly above that. The news bearing on the stock consisted of story from Boston giy ing elaborate details of alleged terms of settlement of the trade war and the ex- pressed opinion of q prominent speculator, inst before sailing for Europe, that the war was settled Several of the principals in the trade conflict denied thes allegations during the day.
 The threatened strike on the New York Central caused fall of 2 1-2 points in that where in the list Missouri Pacific was pushed up to 60 on rumors that dividend would be declared at to-day's meeting of the directors and that John D. Rockefeller would be admitted to the directory. Both rumors failed to be confirmed by the event and the stock fell back but saved a small net gain.
 The steel industries after some show of wpDEnpSS also hpppnp firm and closed erally with small net gain. The only de- velopments bearing on the group were ru- mors regarding the threatened legal pro cess against officials of the Steel and Wire company. United States Leather made considerable show of strength. Otherwise, the market generally yielded to the reac- tionary tendency and closed very near the lowest and easy in tone.
 There were no developments of import ance, In the money or exchange market, though both were scanned with eager in terest Discounts in London and sterling exchange here were slightly easier, but London has to prepare for q 10 per cent installment of the government loan, which will be taken up this week. The tlghten-' ing of the London money market and the demand for exchange in New York to pay the instalments of American subscription will both tend towards gold exports, Tho money market here continues easy and shows no signs of hardening, notwithstand- ing the diminished supply for cash for the market on sub-treasury operations. It Is worthy of remark in this connection that Saturdays treasury statement at Washing ton showed an excess of receipts over ex- penditures for the day of $1, 321 6S1, thus materially raising the figure of the months surplus.
 Railroad bonds were weak in sympathy with stocks, but the dealings were rather light. Total sales, par value, $1,4T0,000.
 United States twos advanced IA and new fours declined IA In tho bid price.
 NEU YORK STOCK 1LAIKEI Opening, Highest, Lowest Quotations On the New York Stock Exchange, reported
 by Prince X Whltely, brokers, b Center
 Street New Haven