The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-12
4 SEE||:.s'';iAW on
STOCK EXCHANGE
priYss Fluctvste '' oppositeIy
With :: !. y.
FEARS OF CORNER ABATED
Speculative Sentiment Was, However,
Sensitive, and Louisville and Nash
vile Stock Was Closely Watched.
Bonds Were Irregular.
FEARS OF CORNER ABATED
lRr Associated Press. ]

NEW York, APRIL 1.-The fears of a
corner in Louisville and. Nashville were
somewhat abatcd today wh me , sesimcu
towards recovery in the market Specuil-
tive sentiment showed itself scnsitlvs,
however. to the movements IN Lonis 81 ,.,,e
and Nashville Thus, when very large
buying appeared in other parts OIL Inc
market and when Louisville and Nasn'liie
ran off to 1Sa under last night. there was
a prompt rally elsewhere in the market.
This scesaw process was more or less
conspicuous all day, especially Mt periods
when Louisville and Nashville was parts
cBlarly active. The market for that stock
continued very fcyerish on an enormous
volume OF dealings. but the fluctuations
were by no means SO wild as yesterday.
There were indications that money powers
that were back of the movement were dis
posed 10 handle 1t moro tenderly out Of
consideration Of the effect upon the
1c2ls at tho to- and closed with net
gain of is. AS for Southern Railway, it
fell back TO position uniform with d
number of other active stocks in the mar
which the market showed as a whole, was
by no means universal or evenly distri-
buted. The Government crop report
caused some depression hero and there
amongst the Granger stocks, which was
overcome. Amalgamatcd Copper was con-
sistcntly strong. and rose nearly ) points
of the principal stockholders and direc-
tors was imputed rs the cause of the
movement. Chicago. indianapolis and
Louisville ran off sharply 5 points on the
declaration of only a per cent. dividend.
rs there had been hopes of q. more liberal
distribution. The stock made r fcveriSh
recovery of part of it's decline The
United States Steel stocks We're heavy
on rather free selling. attributed to dis
satisfaction with the bond issue and the
large proportion Of the cash 10 be realized.
which will so to the r@..ierS as commits
sion. The generally credited report that
the purchase of the Choctaw, Oklahoma
and Gulf was in the interest of Rock
Island. was followed by n 2Is point rise
in that stock. but the dealings were mere
~ nominal and the gain was wiped out.
American Cotton Oil. International Power.
North American. Michigan Central and
Westinghouse Electric made gains of
nearly 3 points or upwards. Some Of the
buying of the day was based on the pros
pect that the bank statement tomorrow
Will show an improved condition by the
Clearing House institutions. The cxpecta-
ton is general that the banks will show
a contraction Of loans. as loans in the
stock market have been called during the
week. The action of the trade in in
creasinE deposits with national banks up
wards of s4,00o.00o with the assurance of
further monthly increases in proportion,
had a favorable effect upon sentiment, al
though there was no immediate result APP
parent. The peace. rumorS from London
Were practically ignored.
There was great activity and strength
in the Central of Georgia income bonds
and the Mexican Central income bonds;
otherwise the market was somewhat ir-