The age-herald., 1902-03-12
SENSE OF RELIEF
 IN STOCK MARKET Powerful Support Accorded kaffair Trade in-London. ED REIGN EXCHANGE EASY Early Gains Were Generally Wiped Out By the First Selling Move
 ment-Bonds Were Dull
 and Irregular.
ED REIGN EXCHANGE EASY

New York, March 11-Sentiment ex- perienced a sense of relief when the re- ports from the early London market showed that powerful support was ac- corded the Kaffirs there and that very little damage resulted at home here rronl the shock of the capture by the boers of General Methuen The price or brltish ronsols lost only a shade, Whch was probably the most accurate index or the real gravity of the event in its innuence nn British financial affairs. The revised reports of the output Of gold rom 'he Witwaters Rand for February IS prop ably of more real importance at this stage of the war and its showing may help to explain the indifference or the London market to the Methuen disaster. According to this report by TransVaal chamber of mines S1, 405 ounces of gold were taken out during February com . parsA with 7o.34O in January. 5S,S97 in December and no more than S9,O9o In November. This resumption of the gold output means much to the foreign imam cial world and indirectly to New Aork fin the supply of gold. The calmness or the London market led to some cover ing by shorts in this market, which were nut out late yesterday in hope Of cover ing at a profit on London selling thls morning. There was renewed movement in some of the minor specialties Wnlch has been the favorites for some tune past. The news of the deposits at the sub-treasury of $125O,OOO in gold for tele- graphic transfer to San Francesca III
 Arna there called renewed attention to our own domestic money market situation.
 The selling movement which followed threw the market into irregularity for the rest of the day. The earlier gains were generally wiped out by the hrst selling on this news, there were some subsequent recoveries. but the market closed heavy in tone and without anima- tion. Without counting today's transfer to San Francisco, the markets loss to the b-treasuty since the last bank state ment counting tic Saturday shipments of gold for which payment was made 10 that institution, amounts to S44, 7Sl,Ooo. Tho rate flr New York exchange al Chicago. however which has been at A discount rose to par. But foreign eX- change rates which were easy yester- day steadied today and the question oi additional gold exports Is therepy re- opened. Of today's special movements that is the Colorado and Southern stocks continued notable. Manhattan was firm on the report of large earnings. Uncon' firmed rumors were still heard of con- solidation of Mexican railroad interests Chicago terminal stocks were advanced on reports of buying in the interest ol Baltimore and Ohio The Wisconsin Cen tral stocks were active and strong With out specific explanation The strengtf in Peoples Gas was due to reports oi measures to contest the 75 cent gas ordi- nance Tn Chicago. There were few oth' CT wide movements of less importance and which were not fully maintained.
 Bonds were rather dull and rather irregular Total sales par value $2'9S5 900 United States bonds were unchanged or call.
 New York Stock Market.
 By Private Wire to Murphy C0.