The daily morning journal and courier., 1900-04-06
Ett,amctal.
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 TIT H ,SY(lCK M .1 RKET.
Active and Extremely Regular Charnc-
 ter COntinurd.

ACN1Yc anu AerSuhof
 ter COntinurd.
 New York, April 5.--The stock mar- ket continued its active and extremely irregular character to-day. There was some hesitation at the outset and profit taking was, on a large scale during the early hours of the day. but the ag- gressive strength of some individual stocks, notably Pennsylvania and Bal timore and Ohio served to sustain prices in face of realizing until the latter part of the day. The market then developed unmistakable symptoms of being over-, bought and the pressure to sell in or der to realize profits became urgent. The reaction in Pennsylvania and Ball. timore and Ohio left prices without sustaining prop and they crumbled rap- idly The Pacifics, the grangers and some of the southern railroads were most strongly affected, but the whole list fell easily, and efforts to support the market were apparently withdrawn from the time being. The selling move ment was allowed to spend itself before support was forthcoming. There was a rally in the last fifteen minutes, but 1t retrieved only small part of the de- cline The opera tions in Pennsylvania were on a similar scale to those of yes terday and carried the price almost 8 point over last years highest level. The very large selling orders which were detected in the stock aroused un- easiness in spite of the upward move ment in the price. Baltimore and Ohio was rushed up also to S7 1-2 and proved unable to hold the advance, which was unaccompanied by any news of further developments to account for the strength The top-heaviness of Penn sylvania and Baltimore and Ohio de- cided the reactionary character of the market on the announcement of no div idend on Baltimore and Ohio common stock Wall street was full of rumors of further combinations already effect ed or to come in the trunk line terri tory. The rumor of combination of the coalers was persistent and raised the prices of those stocks for time, but they yielded sharply on denials of the rumors. Various minor roads in New York Central terrltoryW affected in the same way. There was very gen eral wiping out of gains of this charac- ter in the late reactior. The Hooking Valley stocks showed notable strength on reports of large earnings, the com mon crossing forty and retaining net gain of 1 3-4 The general news and conditions continued favora ble to values, money working easier and good assur- ance being afforded of a favorable bank statement Reports of earnings, espe- cially of soft coal roads, were notably large. London was a seller of stocks here with an effect on sentiment out of all proportions to the volume of the The sensitiveness of the market to this influence and the contin- ued nrmness of sterling exchange while London buys stocks leads to considera- ble questioning as to whether foreign operations are not conducted under cover and through channels other than those under observation.
 Dealings in bonds continued on a very large scale and at advancing prices. Total sales, par value, $5,370, ,000,
 United States twos declined 3-4 and all other issues in the bid price,
 NEW FORK STOCK MARKET Opcnipg, Highest, Lowest Quotations )n the New York Stock Exchange, reported
 by Prince & Whltely, Brokers, 15 Center
 Street, New Haven.
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