The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-13
HDLL STREET STOCKS
Market Exhibited Decided
Tameness Yesterday.
BOND PRICE M0VEM ENT
Was Irregular With Reduced
Agg regate Sales.

New York, April 12--Todsy's stock
market was rather q tame affair as COM
pared with the excited dealings for
some time past. but an imposing aEgre-
gate was nevertheless transacted and
there We're considerable fluctuations In
prices The market was extremely r.
regular all day recovering 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 Tor
many important stocks. Operations were
OF a highly manipulative character and
seemed TO have for their object 10 dis
courage the selling OF stocks. No very
I aggressive efforts were apparent 10 at
tract renewed buying demand. Fluctua-
tons we're by no means SO violent OF so
feverish as has been the rule Of late
There We're some wide advances among
high-priccd investment stocks and some
usually inactive stocks, Northwest, after
q preliminary decline, rising points, St
Paul preferred ~. Genertl Electric 50,
Consolidated Gas :, and NUMBER OF less
prominent stocks from 10 ga. Spec
ulation continued active in the copper
stocks and Amalgamated Copper rallied
strongly from its opening loss, but did
not hold the advance well. closing with a
net rise Of only - Rumors continued
conflicting regarding the status Of the
u
was 80. and it closed with a net gain Of a
point. Rock Island rose 81 from last
nights price and closed with a net gain
OF As The New York public utilities
were all strong, apparently on account OF
thefging OF the date OF adjournment by
the legislature. The coalers also became
strong, giving rise to a suppOsition that
the danger OF a strike on the New Jsr-
sey Central had been averted. The mar
ket developed very general strength after
the opening weakness, which was due TO
some extent 70 selling for London ac-
count, the denials Of peace negotiations
with the Beers and the hardening of the
money rate in London serving TO depress
that market The recovery here seemed
10 be closely connected with the more
cheerful feeling regarding the mony out
look. This was not reflected in the money
rate itself until most OF the day re-
quirements had been met when beiated
leaders made considerable concessions in
the rate of interest. II was asserted that
large loans were placed here for the ac-
count Of Chicago banks during the day.
The preliminary estimates Of the interior
cash movement indicated that the hall
ance against New York for the week
was Insignificant and the New York ex-
change at Chicago rose 10 = cents per
thousand, compared with 50 cents yester-
day. The sub-treasury IVES a debtor to-
s.. 4S6.741 owing TO large pension disburse-
ments and a payment OF 500 90 made 20
the banks on account of Philippine army
expenditures. The sub-treasury has
therefore taken only about 100000 from
the market for the week and next week
will see the high level for the month Of
the pension payments
After the close OF business on the stock
exchange announcement was made from
Washington that the secretary Of the
treasury had purchased $1,000 of gov
eminent bonds in this market This. with
the calling Of loans by the banks. II Dc
has resulted II the reduction Of the
loan avera ges. viii therefore have the
effect of making a much less unfavorable
bank statement than was apprehendel.
With today payment IL London OF the
insIallment on the excheGuer bond and
the conclusion of the stock exchange set
tiement there. the course OF the money
market in the next few days is awaited
TO indicate its true condition.
The heaviness Of the United States
Steel stocks was a disappointment 10 the
SPECTATORS. as they are baEng hopes Of
measures Of protection against money
stringency by large financial interests on
the suppositiOn that II IS designed TO sup
port the prices OF these stocks.
The price movement of bonds was ir-
regular Total sales, par value. s2.955. %.
United States bonds were all unchanged
on the last call
Closing prices OF stocks were as fol-