The age-herald., 1900-04-24
REGULAR SELLING
 IN STOCK MARKET Saturdays Break in Prices
 Brought the Orders. THE CRASH DID NOT COME Over Speculation Defeated Itself and There Were Enough Buyers Ready
 to Take Advantage. of the Fall-HeaVv I,;ouidatio0
THE CRASH DID NOT COME

New York, April 23.-Saturday's break in prices of stocks brought the regular sell ing orders into the market, and they were in evidence all through the list at the open ing But there was also buying orders on very small scale to take the offered stock. Part of these were evidently placed in the market by friends of different stocks for the purpose of supporting them The expectation was quite general that tlie market would open with something like a crash in values, but as is not unusual in Wall street over speculation, defeated itself, and there were enough buyers wait ing to take advantage of the crush to steady the market almost immediately Professional Wall street men brought pressure on the long stocks of the steel and industrials. Evidently the opportunity had been seized to dispose of long stock at the highest level of prices, and the shorts were the most eager operators in the market in endeavors to cover. This pretty clearly indicated a pause in the most aggressive tactics of the bear cam paign A collateral object of that cam paign is generally believed to be taken on heavy blocks of stock.
 The liquidation continued heavy during the first hour, and a drive was made by the bears at the end of that time. But the steady absorption of offers begot very cautious mood among the professionals, and decidedly quieter tone ensued in the market Some of the bull pools, which have recently been active, notably that in Missouri Pacific. showed a disposition to resume operations. The undertone of the
 
 the day. but closing was strong and rather active, with the steel industrias at the best level of the day at considerable net gain. amounting to 29sd in the case of Fed eral Steel, and 2b in steel and wire. Wall street still keeps anxious eye on the situation in the iron and steel trade, but is inclined to go back of official utterances in forming it's opinions
 Last years high prices are known to have been made by belated bidders, who had to buy at any prices to fill contracts, and the dealings at the high level were for only small part of the total products. Gold exports are looked to without alarm on account of the ease of the money mar ket. Today's small shipment to Buenos Ayres was without influence.
 The feature of the bond market was the quick rise to S5ss of Western Pennsyl- vania general mortgages of %'s on the ar
  railroad. Otherwise prices yielded in sym pathy with stocks. Total sales. par value, $2,5S0000: United States bonds were un- changed in bid prices
 New York, April 23-Money on call closed at 263 per cent.
 Prime mercantile paper, 405 per cent Sterling exchange strong, with actual business in bankers bills at $4 SS3s for de- mand and $4S41a for 60 days.
 Posted rates, $4.S50l4S9.
 Commercial bills, $4S3k64S4.
 Silver certificates 60120612c.
 Bar silver, 599sc.
 Mexican dollars, 47$;c.
 Government bonds steady.
 State bonds, firm
 Railroad bonds, weak
 (By Private Wire to Murphy & Co)