The age-herald., 1901-04-13
THE STOCK MARKET WAS RATHER TAME Great Change from Recent Ex-
 cited Dealings EXTREMELY Y IRREGULAR DAY Operations Were of Highly Manlpu. Iatlve Nature and Had for Their Object to Discourage the Sell
 Ing of Stocks.

New York, April 12.-Todays stock market was rather tame affair as com pared with the excited dealings for some time past, but an imposing aggregate of business was nevertheless transacted and there was considerable fluctuations in prices. The market was extremely irreg- ular all day, recoving sharply from the opening depression. but yielding again before the close, which was heavy in tone and decidedly below the best, but with considerable net gains remaining for many important stocks.
 Operations were of a highly manipula- tive character and seemed to have for their object to discourage the selling of stocks. No very aggressive efforts were apparent to attract renewed buying de- mand. Fluctuations were by no means so violent or so feverish as has been the rule of late. There were some wide advances among high-prioed investment stocks and some usually inactive stocks, Northwest ern. after preliminary decline. rising points. St. Paul preferred 2k; General Electric 31k; Consolidated Gas 61a; Brook lyn Union Gas 9, and number of less prominent stocks from to 3h. Speeula- tion continued active in the copper stocks and Amalgamated Copper reacted strong ly from its opening loss. but did not hold the advance well, closing with net rise of only 1N.
 Rumors continued conflicting regarding the status of the Burlington deal. The stocks extreme range was 3&, and 1t closed with a net gain of a point. Rock Island rose 51z from last nights price and closed with a net gain of As. The New York public utilities were all strong, ap- parently on account of the fixing of the date of adjournment by the Legislature. The coalers also become strong, giving rise to supposition that the danger of strike on the New Jersey Central had been averted. The market developed very. general strength after the opening weak ness, which was due to some extent to selling for London account, the denials of peace negotiations with the Boers. and the hardening of the money rate in Lon don serving to depress that market.
 The recovery having seemed to be close 1y connected with the mere cheerful feel ing regarding the money outlook. This was not reflected in the money rate Itself until most of the days requirements had been met when belated lenders made cons siderable concessions in the rate of inter est. It was asserted that large loans were placed here for the account of Chicago banks during the day. The preliminary estimates of the interior cash movement indicated that the balance against New York for the week was insignificant, and the New York exchange at Chicago rose 25c per thousand compared with soc yes- terday. The sub-treasury was debtor today to the clearing house to the extent of s1,4S6,741. owing to large pension dis bursements and a payment of $5O0,0O0 made to the banks on account of Philip pine army expenditures. The sub-treas- ury has therefore taken only about N,- 100000 from the market for the week and next week will see the high level for the month of the pension payments.
 The heaviness of the T-~'-- States Steel stocks was disappointment to the spec ulators as they are passing hopes of meas ures of protection against money strin- gency by large financial interests on the supposition that 1t is designed to support the prices of these stocks.
 The price movement of bonds was ir- regular Total sales, par value, $2,965, 900.
 United States bonds were all unchanged on the last call.
 New York Stock Market.
 By Private Wire to Murphy & Co.