The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-19
Speculation Active on the New
Yprk Stock Market.
DEALINGS ON LARGER SCALE
New Points Of Strength Were Devcl-
oped While the Older Ones Were
Allowed 10 Drift-Bonds
Dull and Irregular.
fRr Associated Press.o

NEW YORK. April 1S.--The varied &C
tivity Of very large speculative 10. -
Was still manifest in tho stock niai NJ
today. The movement OF prices was en-
,irelS characteristic OF an acuSS ~ I'D
tive movement under a Weai,ce,nteas GU ~
aggressive leaderst.sp Inc oe f xesterdav,
and progress was also IN IIs " &c stncl. {
the movement on the variety OF st saa,s
fnes for tho week has been brought up 70
impressive proportions and, IN Id s. ~
a level of sustained activity that was en-
iirely unprecedented % the local sl ..s.n
market until last Yeas new records were
estahi;shcd during IKE period OF GieatesI
speculative excttemeH lhcfe Eas ~ ~.
nrai CONDITIONS and outlook to account
Tor the manner ii which new polnts, ~. 9a
strength We're constantly developed, WINE
Srist So,ynwards or were subjected to, a
jiaicious feeding OF the demand 1or ine
purpose OF realizing profits. These STOCKS.
and those which opened this morning with
vigorous upward movement, aiIl1os -
without exception were subjected 70
realizing today and closed me cay ,Tn,e
was notably true OF yAtchison ana OF TN
anthracite coalers. and vas measurably
true OF stocks which showed periods OF
strength later in the day; Broadly speak
ing the leadership OF the advance was
shifted TO ST. Paul anG then to Union
paeie With tn a, more 5bnsstens and
Pacific. Southern Railway and Lonishvilie
and Nashville fell into the BACKGROUND
again. The hi.uminous coaI-carrissrs -, en-,
loved a. period OF strength, and there
were a number OF wide advances amongst
scattered industrials and speciaitles. co.,
orado Fuel and Iron was actlNe ano
strong on speculative supDosltaon lnas
absorption of that company into The
United States Steel Corporation had been
assured as part of the settlement OF the
control OF Louisville aud Nashville. Inter
national Power Was extremely crratic,
but rose an extreme 10A. presumab bly, on
the dividend declaration. yesterday. There
were gains Of between and S points in
North American. Peoples Gas. the Rub
Der Goods stock. New York Air Brake.
the, American SNUFF stocks, Forth Wor,l,
and Denver City Stamped and Nashville.
Chattanooga and St Louis. Burlington:
Cedar Rapids and Northern dropped 10
points on a single sale. and BROOKLYN
Union Gas 3. Amalgamated Copper WAS
quiet. but somewhat depressed after yes
, terday's dividend reduction. American
Sugar was sold on the strength Of the
proposed amendment TO the Cuban reci-
procitE bill to rescind tho differentiai duty
On refined sugar. The preliminary figures
OF the cash movement for the week. in
600 and an easier tone in the money mar
ket. We're calculated 10 sustain the specu-
1ative movement. The market closed ac-
tive and irregular.
The activity in stocks has diverted in
terest from the bond market: which was
rather dun and Irregular. Total sales.
1'si Ndlhe S3,3In.WtV. llllteC SlaieS . s
coupon advanced u per cent. and the old
as coupon declined Is per cent. on the last
call.
Tho. total sales of stocks for the day
Were 1.5773, 300 shares.
essssssls.nl Ak
HONEY KSD EXCHANGE-Moncv2 on .call
steadr MT 4@4Is per cent: closing bid and ask
ed. 4G41s per cent: prime mercantile paper.
415G5L pcr rent. Sterling exchange steady
with actual business in bankers hills at 4S1ls "a
f.S7hs for demand and at S4.S514.S5 for sixty
dars: posted rates. SASS and sassy: CONNER
cial bills. Sas4it .s5i3. Bar silver. 52ss: Mex
lean dollars. 42la Government bonds irregular;
STATE bonds, inactive: railroad bonds: irregular