The daily morning journal and courier., 1900-04-11
THE STOCK MaRKE1. Closes Decidedly Weak aud Level ot
 Prices Lower,

| New York, April 10.-The movement | of prices to-day in the stock market | largely represented a contest of specula- | tion courses for supremacy The forces l of reaction prevailed and the market closed decidedly weak and at a level generally below last nights close. This
 result was achieved after many vicissi- tudes and extreme ,irregularity But the
 mere fact of the presence of an aggres- sive bear clique in the market served
 as deterrent to the buying demand from outsiders, which has constituted
 the underlying strength of the market. Commission houses report a large fall ing off in the volume of orders, which
 made the market open for many days with rush to buy which served con- veniently to absorb the profit-taking
 sales of the professional element. This
 class of orders has either been with
 drawn or has been placed at a level of prices below that now existing. There was continued demand from Lon- don for stocks. Realizing in stock which has shown strength was very general
 later in the day. These included in the
 railroad list the Baltimore and Ohio
 stocks, Missouri Pacific and other south
 western railroads, Norfolk and Western
 and some of the coalers. The indus
 trials and specialtieS were extremely ac-
 tive and irregular, under the influence
 of special causes. Sugar rallied sharply
 from an early decline on the announce
 nent that the company's principal com
 petitor had advanced the price of refined
 sugars to parity. The stock sold off
 ir wit <te
 market. Third avenue shot up nearly ten points on the announcement that it's
 bond issue had been placed. A long
 standing short interest was forced to take loss S and close out after which the stock relapsed somewhat. Realization by the Brooklyn Transit pool forced the stock down 4 1-2 points from the early high level. The metal stocka were un- der bear pressure, especially Steel and Wire. The bears circulated rumors that difficulties had been encountered ill the projected listing of the stock on the London stock exchange. Continental Tobacco suffered from rumors of 8 poor showing of earnings to be made in the annual report, which is expected to- morrow. The Pacific stocks suffered es- pecially from bear pressure and realiz- ing and the grangers were somewhat af- fected by the forecast of the govern ment crop report which had a bullish ef- feet in the wheat market. The signs of Encouragement on the part of manipu- lators for the advance accentuated the reactiona1y tendency as the day pro- pressed and some sharp losses in rail- road stocks are the result. A further rise in sterling exchange to within a fraction of the gold export point led to dcuSsion of the prospect of an outward of gold. The continued ease of money here would favor such but the taking up of the in stallment of the British loan which to-day's money market in Lon- don, may be followed by a relaxation in money rates there and a sympathetic response in sterling exchange here
 Tho bond market was moderately ac- tive, and price changes were irregular.
 Total sales pal value g., ,200, 900.
 United States new As declined 1-2 and the old As advanced 3-8 and the 5s 1-2 in the bid pricc.i