The daily morning journal and courier., 1901-04-13
gtnamCraI.
THE STOCK MARKET
Mixed Affatr--Imposing saIesand Com
 siderable Fluctuations.

New York, April 12.-To-day's stock market was rather a tame affair af compared with the excited dealings fol some time past. But an imposing az
 gregate of sales was nevertheless trans acted and there were considerable fluc-
 tuations in prices The market was ex- tremely irregular all day, recovering
 sharply from the opening depression but
 yielding again before the close, which
 was heavy in tone and decidedly below I the best, but with considerable net
 gains remaining for many important
 stocks. Operations were of a highly
 manipulative character and seemed to i have for their object to discourage the
 selling of stocks. No very aggressive
 efforts were apparent to attract re-
 newed buying demand. Fluctuations
 were by no means so violent or so fe- verish as has been the rule of late. 1 There were some wide advances
 amongst high priced investment stocks
 and some usually inactive stocks,
 Northwest after a preliminary decline
 rising points, St. Paul preferred ? 1-2, ! General Electric 1-2, Consolidated Gas
 6 1-2, Brooklyn Union Gas and num- ! Der of less prominent stocks from to 8 1-2. Speculation continued active in
 the copper stocks and Amalgamated Copper rallied strongly from its opening loss, but 1t did not hold the advance we'll closing with a net rise of only
 3-S. Rumors continued conflicting re- garding the status of the Burlington deal. The stocks extreme range was 3-4 and it closed with a net gain of a point Rock Island rose 1-2 from last nights price and closed with a net gain of 4 IS. The New York public utilities
 were all strong, apparently on account
 of the fixing of the date of adjournment
 by the legislature The coalers also be-
 came strong, giving rise to a supposi-
 ton that the danger of strike on the
 New Jersey Central had been averted.
 The market developed very general strength after the opening weakness, which was due 10 some extent to selling for London account the denials of peace negotiations with the Boers and the hardening of the money rate in London serving to depress the market. The re- covery here seemed to be closely con- nected with the more cheerful feeling regarding the money outlook. This was not reflected in the money rate .itself until most of the days requirements had been met, when belated landars made considerable concessions in the rate of interest. 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 to 25 cents per thousand compared with 50 cents yesterday The sub-treasury was a debtor to-day at the clearing house to the extent of s1,4S6,741, owing to large pension disbursements and a payment of $5O0000 made to the banks on ac- count of Philippine army expenditures. The sub-treasury has therefore taken only about $1OO0000 from the market for the week and next week will see the high level for the month of pension payments After the close of business on the stock exchange announcement was made from Washington that the secretary of the treasury had purchased $1 1000, 900 of government bonds in this market. This with the calling of loans by the banks, if 1t has resulted in the reduction of the loan averages will therefore have the effect of making a much Jeff unfavorable bank statement than was apprehended. With to-day's | payment in London of the installment l on the exchequer bond and the eonclu- | sion of the stock exchange settlement, | there, the course of the money market | in the next few days Is awaited to in- | 1icate it's true condition. The heaviness | of the United States Steel stocks was | 2 disappointment to the spectators, as | they are basing hopes of measures of | protection against money stringency | oy large financial interests on the sup l position that it is designed to support | he prices of these stocks
 The price movement of bonds was IT, l 7egular. Total sales par value $2,055,- )00
 United States bonds were all un- changed on the last call.
 NEW YORK STOCK MARKET
 Opening, Higheat, Lowest Quotation )n tho New York Stock Exchange, reported
 by Prince X Whltely, Brokers, 15 Center l