The times. [volume] (Richmond, Va.) 1890-1903, 1900-04-11
STOCK MARKET
CLOSED WEAK
With Prices Decidedly Below Level
Of Night Before.
AFTER MANY VlClsslTUDEs.
Tho Market Suffered Great Irregular
fly, But Presence OF an,AgSrcs-
sire Bear Clique Forced
Prices Down.


NEW YORK, April achievement Of
represented contest of speculative
forces :or supremacy. Tho forces sreac-
lion finally prevailed. and the market
closed decidedly weak and at level
generally below last nights close. This
result was achieved after many, vlciSSl-
tudes and extreme irregularity, but the
mere fact of tn presence of an agrees
sive bear clique in the market served as
g deterrent to the buying demand from
outsiders, which has constituted the un-
DERIVING strength of the market. Com
mission-louseS report a large falling OIL
in the volume Of orders, which have made
the market open for many days with
rushto buy, which served to conveniently
absorb the protit-takinS sales OF the pro
tessional element. This class Of orders
has either been withdrawn or has been
placed at a level of prices below that now
existing. The operators for the decline
have not yet succeeded in bringing out
they worked in the confidence that they
will reach stop-loss orders, which Will
preeipitatc sudden drop all around
Their efforts were contested to-day oy
pool operations In a number of stocks,
and the continued demand from London
for stocks was against them. But the
operators for a rise seemed to lose cour,
age towards the close of the day, and
realizing in stocks which had shown
strength was very general.
These included. in the railroad list, the
Baltimore and Ohio stocks, the Missouri
Pacific and other southwestern railroads;
Norfolk and Western, and some of the
coalers. The industrials and Specialues
We're extremely active and regular under
the influence of special causes. Sugar
rallied sharply from an early decline on
the announcement that the company's
principal competitor had advanced the
price OF refined sugars to parity. The
stock sold off again with the general
weakness of the market.
llr5-.Avenue SlOt I'D nearly 10 nOintS
on the announcement that its bond issue
had been placed. A long standing short
close out after which the stock relapsed
somewhat. Realizing by the Brooklyn
Transit, pool forced the stock down ~
points from the early high level. The
metal stocks were under bear pressure,
especially steel and wire. She bears cir
culated rtM11oEs that difficulties had been
the stock on the london Stock Exchange.
Continental Tobacco suffered from ru-
rnors of a poor showing of earnings, to be
made IN the annual report, which is ex-
pected Tomorrow.
The Pacific stocks suffered especially
from bear pressure and realizing, and the
forecasts of the Government crop report,
(which had a bullish effect in the wheat
market.
The signs of disbursement on the
party of the nnanipula1ors for the advance,
accentuatei the reacuonary tendency as the
day progressed. and some sharp net losses
din railroad stocks are the result. furth-
er rise in sterling exchange to within q
Traction of the gold export point, led to
discussion of The prospect of an outward
movement of gold; The continued ease
Of money here would favor such a move.
naent. but the taking up of the instal1nent
OF the British foam. (which stiffened to-
days money market In London. may be
followed by relaxation in money rates
there. and a sympathetic response an ster-
ling exchange here.
The bond market was moderately active;
and price changes were irregular. eIotai
sales. par. value. .Oe2 United states
new As declined 10, and the old As adj
Nanoed IS.
Total stock sales were 1920 shares.
Including: Atchison. 6.s10: Atchison pre-
6esrea 22.55o:. Baltimore. and Ohio, 500:
Manhat;an. 25.!2o: Metropolitan, s.767:
Chesapeake and OHIO. 1850; Missouri Pa
cific $3.50: Missouri. kansas and Texas
p, 57: Northern Pacific. 1G.24o: PeImsyl-
,,ania, $500: Reading first preferred,
$50: Southwestern preferred. lO.O3O: St
and Pacific 1890: Union Pacific, 1890;
Wabash preferred. GEO: Steel and Wire.
70 2I5: American Tobacco. 1861 brooklyn
Rapid Transit 5s,Sa5; COLORADO Fuel !, and and
Federal Steel. 1870: National Steel, 1850;
Peoples Gass, II. $50: Tennessee Coal and
Iron, $500; Sugar, 1880.
MONEY AND ENCIIANGE-Non on
call steady at 3d4 per cent; last loan
at 4 per cent; prime mercantile paer. 4A
as per cent. Sterling exchange strong,
with actual business in bankers bills at
81. S7A@4. S73s for demand and at S1.S312
ior sixty days: posted rates. S4.S4@4. S41a
and 81 So: commercial bills. 81. S3l O.. S3ls.
Silver certificates. G0HM61L: bar silver,
.,al.: Mexican dollars. 41a4 Government
bonds irregular: State bonds Inactive;
railroad bonds firm.