The Saint Paul globe., 1900-05-01
DEMAND WIS NOT HEAVY
DAY ON STOCK MARhEr oPExED
WITH AN ATTEMPT TO RUSH
UP PRICES
BREAK IN SUGAR, A FEATURE
Threatened Strike on the New York
Central Caused p Drop In That
stock-SteeI Stocks Showed
Small Gains.

Bar silver. New York k1-!.:............ 59ai
Call money. New York k,s...............
NEW YORK, April ssssO.1The dav ON tbe
stock market started OFF with another at
tempt to rush up prices by speculative
manipulation. with the purpose. of at
short interest had been 50 far eliminated
by the events of the14atter part of last
week, that there was eno sufficient de-
an6 maif6 from t4ad fa source @ e 10 Keep up prices
developed through thet commission house
The market therefore fell back and be
came duh and heavy, but without post
tive weakness until some of the later
developments, when the bears showed re-
newed vigor and sold prices to the low
est of the day.
principal element in the decline. That
stock sold up to 1914 in the early deal
ings and recovered to that figure after
a reaction and then fell away with oc-
casionaI spasmodfc rallies TO 111%. clos
ing only slightly above that The news
bearing on the stock consisted of a story
from Boston giving elaborate details of
alleged terms of settlement Of the trade
war, and the expressed opinion of a.
prominent speculator, just before sailing
for Europe. that the war was settled
Several of the principals In the trade con-
ffict denied the allegations during the
day.
The threatened strike on the New York
Central caused fall of 21z points In that
stock and had a sympathetic effect else
where in the list Missouri Pacific was
pushed up to 60 on rumors that diyi-
dend would be declared at today's meet
ing of the directors, and that John D.
Rockefeller would be admitted TO the di-
rectory, Both ruInors failed to be con-
firmed by the event and the stock fell
back but saved small net gain
The steel fnduStriaIs, after some show
of weakness, also became firm and clos
ed generally with small net gain. The
only developments bearing on the group
We're rumors regarding the threatened
legal process against officials of the
Steel and Wire company.
erable show of strength. Otherwise the
market generally yielded to the reaction
ary tendency and closed very near the
lowest and easy in tone
There were no developments of fmpor-
tance In the money or exchange market.
though both were scanned with eager in
terest. Discounts in London and ster-
ling exchange here were slightly easier,
but London has to prepare for 10 per
cent installment of the government loan
which will be taken up this week. The
Tightening of the London market and the
demand for exchange in New York to
pay the instaflment iof9 American sub
scription. viii both tend. toward gold ex-
ports. The money market here continues
easy and shows no sign of hardening
notwithstanding the diminished supply Of
cash fer the market ioh ssubtreasury. OPP
connection that S1bds days treasury
statement at Washington showed an ex-
cess of receipts over expenditures for the
day of 81, ,321 .6S1, thus materially raising
the figure of the month surplus 20
RaiIr9ad bonds. were weak in sYmpaz
thy with stocks, but the dealings were
rather; light Total sales par value, 81 40 :
000 United States IS advanced Il and
new As declined II in the bid price
r se STOCK QUOTATIONS..
y Furnished by Charles III. F.. Smith &
Co., members of the New York Stock ex-
change, Pioneer Press building, who have
direct wires to Chicago and New York
Closing prices are bid: