The age-herald., 1902-04-02
SPECULATORS HAVE
 ANOTHER SETBACK London Market Was Stagnant After Resumption of Trading SUGAR UNDER PRESSURE colorado Fuel Lost All of Its Gain and Closed at Net Loss-Amal.
 gamated Copper Persist
 ently Firm.

New, York, April 1.-The stagnant con- dition of the London market this morn ing upon the resumption of trading after the four days interval still further defer red the hopes of the speculative contin- gent which has been counting upon an awakening interest in the stock market.
 The continued absence from the lare of large capitalists, and the coming depart ure for Europe of the central figures of the financial district had further dis rouraging effect upon the smaller trad ers who have been protesting confidence that the powers in the money world were going to put stocks up," the conse- quence was considerable selling by tired holders and a dropping market. The sagging tendency gradually permeated the whole list overcoming the strength of those specialties which rose strongly ear ly in the day. The leaders in activity were Colorado Fuel; United States Leath- er, Amagamated Copper and Sugar. Colorado Fuel, lost all of it's gain which amounted at one time 2A and closed with fractional net loss Sugar was under pressue and United States leather stocks did not fully maintain their advance. Amalgamated coppep, however, was per sistently firm and closed at the top with B net gain of two points. Reported con- solidation of the copper properties of the principal rivals interests made the bears In the stock timid and they covered heav- fly.
 A judicial decision upholding the New York franchise tax weakened the New 11ti1 nd sympathetic responses elsewhere. De- creased earnings reported by the Ameri- can Car and Foundry Company de- pressed that stock. The coalers were af- fected by the announcement that the summer schedule of prices, representing reduction of 50 per cent per ton of the winter schedule was in force today in stead of being postponed until May l, as was expected. The fact that the dispute with the miners is still open was an ad- ditional influence. The market was dis tinctly easier both for call and time loans and large disbursements payable today arc expected to further increase the resources of the market. The London money market was also easy today and sterling exchange at Paris recovered a fraction so the advance In sterling here left a margin still between the market and the gold export point This influence seemed to be ignored, however as the ease of the money market is not expected to prevail for any length of time. The British loan will soon be announced, and foreign banking houses in New York ex- pect there will be American subscrip- tions which will increase the demand for remittance in addition to the natural at traction for gold which will result from the hardening of the London money mar ket. The March statement of Federal finances shows SUI rlus for the month of S8,273 t13. which IS less than million under the surplus for March of last year.
 The available cash balance in the treas ury which has been held down in the neighborhood of $10O0,000 for many months by tie redemption of government tonds has now run up to nearly s15S0 00O.- OOO with the prospect of considerable daily addition with the redemption Of governme mt bonds suspended. The secur- ity of the New York ey market from future comp1ics tion Is therefore not clear, and this continues to be oppressive in tuence or speculation. The bond market WAS less active but was generally steady. Total sales, par value, $3, 48O,O0O.
 United States bonds were all unchanged on the lest call.
 New York Stock Market.
 Rv Private Wire to Murphy q Ca