The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-01
STOCK MARKET
DULL AND HEAVY
Attempt to Rush Up Prices of Stocks
FeII'Flat.
VIOLENT BREAK IN SUGAR
With Few Exceptions the Market
Yielded to the Itcactionary Ten
dcncy and Closed Very Near the
Lowest and Easy in Tone.
VIOLENT BREAK IN SUGAR

NEW YORK, April 30.-The day on the
stock market started off with another at
tempt TO rush up prices by speculative
manipulation. with the purpose OF at
tracing an outside following, but the
short interest had been so far eliminated
by the events OF the latter part OF last
week that there was not sufficient de-
mand from that source TO keep up prices
Neither was there any awakened interest
developed through the commission-hous
The market, therefore, fell back ana be
came duh and heavy, but without posi-
i've weakness, until some OF the later
developments, when the bears showed re-
newed vigor and sold prices to the low
est of the day. Tie violent break in SUI
gar was the principal element in the de-
cline. That stock sold up to 12l12 in the
early dealings, and recovered 70 that
figure after i reaction, and then fell away
With occasional spasmodic rallies TO il1fa,
closing, only slightly above that.
The news bearing on the stock con-
sisted OF a story from Boston giving elab-
crate details of alleged terms of settle,
merit OF the trade war ana the expressed
opinion OF prominent speculator Just
before sailing for Europe that the war
was settled. Several OF the principals in
the trade conflict denied the allegations
during the day The threatened strike on
the New York Central caused a Iall Of
2i2 points in that stock, which had SYM
pathetic effect elsewhere on the list. Mis-
souri, Pacific was pushed up to gu on
rumors thar dividend would De declared
az to-day's meetings OF directors, and that
John d. Rockefeller would be admitted
TO the directory. Both rumors failed to
be confirmed by the event. and the stock
Ieli back, but saved a small net gain.
The steel induStrlalS, after some snow
of weakness. also became firm, and closed
generally with d small net gain. The
only developments bearing on the group
legal process against officials of the Steel
and Wire Company United States
Leather made Il considerable show oil
strength. Otherwise the market gener-
oil yrf.s14 led a the ypaCTlnU1ry tendency
and Ok cd Very near the lowest, ana easy
in tone.
lance in the money or exchange market
although both We're scanned With eager
interest. Sterling exchange was slightly
easier here, bur London has TO prepare
for 10 per cent inStalnent of the Gov
eminent loan which VIII be taken up this
week The Tightening OF the London
money market and the demand Tor eX-
change in New York 10 pay the install
ment of American subscription will both
tend toward gold exports The money
market here continues easy, ana SHOWS
no sign of hardening, Notwithstanding
the diminished supply OF cash Tor the
market on Sub-lreasnry operations. 1t
Is worthy OF remark, in this connection.
that Saturdays Treasury statement at
Washington showed an excess OF receipts
over expenditures for the day of Sl,32l,-
6Si, thus materially raising the ngures
OF the months surplus.
Railroad bonds were weak in sympathy
with stocks, but the dealings We're rather
light Total sales, par value, S147o,eoo.
United States rs advanced a and new 4 $
declined i in the bid price
To-day's total stock sales were 62o,soo
shares.
MONEY AND EXCHANGE.-Money on
call easy at 2G21@ per cent; last loan ar
2l per cent; prime mercantile paper, 4GQ
SIS per cent. Sterling. exchange irregular
with actual business in bankers bills at
81 .Ssls for demand and at Si-S4l2 for sixty
DAYS: posted rates. 81. S5G4.S31a and 81. S!tl9
sS915; commercial bills, y; S3$4 a4 S4tt-e.
Silver certificates, 59l2d60; bar silver,
59s.; Mexican dollars. 4i32 Government
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