The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-04-13
NEW YORK.


NEW YORK, April 70 The fact that toiay's
adjournment ..l e the stock exchange was 70 be
exchanges until next Tuesday prompted the closing
w % speculative contract today Traders are
a. any time. and this time especially they have
"a mind the varying possibilities q the war in
showing 70 be made by the weekly bank statement
On saturday and the possibility 4 gold export by
on to a large extent tbs week most q the uncov.
Erred contracts we1s-pn the short side and the De.
prices IN addition, The pools which exist in
number u stocks adopted aggressive tactics for
advance, taking adyantsge q ths dissemination Of
the bears % extend their commitment on the
q the holiday, After the demand from the shorts
find themselves among those hiding for stock with
a steady burden on realizing sales The process q
bidding up prices thereafter discontinued and
siuggishne~s, The industrials moved quite indie
peudently Of the general market and none q them
The most notable movement u the day that in
Missouri Pacific. which, being alleged to be for
points and closed at the top This had symra-
group. Union Pacific was very heavily absorbed
and was carried up TO 50, the other ranscontinenh
pathF; Tue Baltmure ONO stocks and the NOT
folk n Western stocks conspicuOusly. the for.
mer on vsy large dealing and with well sustained
strength The grangers we're eomparauyeiy quiet
With the exception ~ tie Baltimore n Ohio and
Missouri Pacific gains we're not wen maintained and
the ciosing was decidedly unsteady and below the
best The indnstrials. rule, were heavy.
Sugar. Peoples Gas, Federal steel. the steel and
wire stocks ard other stocks Of the steel group
showing acute weakness at different times. Third
Avenue showed the eject u disappointment over
the terms q the lease TO Metropolitan
General Electric exception and enjoyed
a net gain q 81 In spite Of snsy London
money rate continuous buying Of stocks for Lon
don account and the unprecedented balances in this
countrys favor, disclosed by the March foreign
trade statement sterling exchange moved up adj
ditional fraction today and an Of the usual
thorities are At failure 20 explain the movement
favorable bank statement IS considered assured,
to the large the snbfrea but
Of the local money market viii facilitate gold exports
There was moderate activity and strength in the
bond market Total sales. par value S,3s 600.
United states i registered declined IN the bid
price Prizes q stocks have moved downward dur
ing the week with the exception Of few stocks
affected by special features a strength or which
were manipulated to sustain the general list Tor
purposes Of realizing There has been liaui-
dstion. due ia part 10 the demand from bears TO
cover short contracts The market has been al
most entirely ia the hands u professional operators
during the tonr DAYS which business was done,
and prices are not an index to public sentiment
regarding the business outlook. These stocks
sold because the considerable advance in prices Of
iered attractive profits to early buyers and the
counted the prosperous changes The character Of
some selling revealed CONVICTION on the part q
STABILITY ~ realizing. The admission II Penn
sylvania official, that advantage had been taken
n the stack In the rompanyis treasury was ae-
eepted clear intmatiou that the price ot the
sPNulAthe olSGatets IN pther stosha Sought 70
take their profits they discovered that the semi
offered by stocks, had largely ceased at the high
level attained 10y some The professional bear trad
always on the alert for such condition Il
affairs and they have been prompt TO take advan.
tA.c ~ it this week b. selling stocks short and
taking the market away frnm those seeking to real
ize A. conditions q business continue favorable j
Is fair 10 assume that the decline IN prices VIII
be arrested bffafe the late advance has BEEN en-
urely wiped out. Already bear traders and offer
mss decreasing Ia volume decline and
mission house made bids for stocks at level below
the market The presence q an aggressive bear eie
ment la thu market and the reactionary tendency
shown has prcmped those seeking 10 SEIZURE stocks
% withdraw their buying orders m the hope of get
ting Ia az lower level Of prices. The movement
q prices 10 some cases indicates that the bear az
grgstot ~ 10 afford opportunity for seruring stocks
at lower prices and in Greater volume than Is
say for she mere covering q short contracts
While these symptogns indicate that the limits
q the reaction aro not far "a there Is nothing
% Indicate whether a general ADVANCE all be ~.
newel Speculative opinion evidently hcsitates and
waits fot further developments 10 point the way for
o further movement
Great uncertainty 10 feat regarding the failure ot
the money market Last week Disappointing bank
statement has bad continuing influence. aad the
nystsr, q the snail INCREASE Ia cash reserves in
View q the heavy acogetioas, b. rcason q sub
TREASURY oiefaili7 remains nneHttained ne cen
treasury 10 the MARKET has f9r this reason. failed
90 have much influence sentiment
Although rates tsg fpoacy ilp seck hare con
timed low. indicating easy cooditious, tiefe has
pererhelcs been some ealins q loans amt elnss
qurit shifting uhich q usressif5. rausrs so4nc
disturbance tho stock markot The cpniinayd
use stcIiug exchange t1aards ere Enid export
point has Disturbed sentiment. a. fcaN enter.
iaiufd that Ar cultivated masttagut q Sold wotid
stifen uJ0ues rates here A. matieg Il fact.
small thirmeut Il glld uas made - bugaHa Ayfes
TUESDAY, rhiCb was iqy L0G3on 4 heneft And
ehieh BOA effect rfprgseuted panttal 0y tiualn
< the iuietnAtianat exchange rhl' niafrurut x
stuginE esthanac hss drtrarted from the effect
= u,c wleG pafaael Laadeu buitas q Aa,r,can
Nina mys,ery surrounds ,Ais movement ia New
Ners ~ s attributed o. t11etsners. who .suy their
anllllsS vth mnc' Borrowed g Nrw Ia ln
tu.aey 10 Lender e. esry their he,diass un,y
tfi[ hsll slHa.f lis y Units t5lw Nfs laft