The Washington times., 1902-05-14
MONEY SHOWS EASIER TENDENCY
The Granger and Anthracite
Stocks Not Affected by
Adverse News.
AmALGAMATED COPPER UP
Union Pacific Leads the List as the Most
Dealt-in Stock = Gains Made by st.
Paul and Other Standard Railways
Strength in L. & N.

iOfNh, May lS.-Inere was a de-
cided change in the sentiment of the
speculative community as compared with
yesterday. 1t was reflected in prices
rather than in the volume of trading.
Inc Total transactions were nearly 170, 900
snares. or rs per cent less than yester-
DAY. At the same time the decline in
prices sustained yesterday was in the
main recovered.
Inc scattered liquidation which was the
feature OF yesterdays market appears to
have run its course, and was followed by
moderate buying for both accounts This
was due chiefly to better understanding
OF the influence OF the money market dur
ing the last six or seven business days.
Within that period an unusually large
amount OF money has been shifted in con-
nection with various operations which
are now completed. making a total of
sS2ooo.eoo that has changed hands in the
last week.
Money Much Easier.
A considerable percentage of this money
has been RENTED out-of town. part of It
in cash. That market IVES decidedly easier
today. the highest rate being per cent
Considerable amounts were loaned below
Per cent, which was the ruling rate.
There was moderate amount of bills
offered against the purchase OF about
2a.ooo shares Of stock in the foreign ar
bitrage house en- balance, and one of the
larger trust companies drew over 81. 0e0,-
GOO on London against the sale of prop
erty in this country to an English syndi-
cate.
The last operation was important, as II
supplied the Street with funds which will
NOT have ~ be returned to the other side
The trust company making this transac-
tion was liberal lender on the exchange
today at per cent. The indications are
that IL the speculation in securities con-
tinues in narrow limits, no apprehension
need be felt regarding the immediate fu-
ture OF the money market.
The heaviest trading in stocks was
again In Union Pacific. The fluctuations
in 1t were narrow, but the market for il
was firm throughout. The noteworthy
net gains were in ST. Paul, which was
second in respect to activity, Missouri
Pacific, New York Central. Reading,
Southern Pacific. Atchison and Louisville
and Nashville. The last named was ex-
cepticnally strong, scoring a net gain of
2lz points.
Shares Not Affected.
The market for the granger and other
Western trunk line shares was not az
fected in the slightest degree by the in
dicated falling of in the yield Of winter
wheat as compared with last years crop.
Neither were the anthracite coal stocks
adversely affected by indications that the
convention of the delegates of the vari-
Gus miners organizations will vote to-
morrow TO make permanent the suspen-
sion Of work The less active issues that
closed a point or more higher than yes
terdsy were Canadian Pacific, Chicago
Great Western, Chicago. indianapolis and
louisville Delaware and Hudson, and
Kansas City Southern issues.
In the Industrial group Amalgamated |
Copper was again the leader in respect TO |
activity. and closed nearly point higher |
OF the less active industrials, Colorado |
Fuel American Smelling and Refining |
common Consolidated Gas American Cot
ton OIL and North American were conspic- |
uous at net advances OF point or more.
Bond Market Receivers.
The bond market recovered in unison |
with .he stock list, but the dealings were !
unimpcrtant On the curb the heaviest |
transactions were in General Carriage. |
Northern Securities, which sold ex-divi- |
dend declined TO ssts. presumably on the |
publication of dispatches from St Paul |
that the managers Of the company are con-
WINGED that the Government will win its |
suit against the corporation.
The closing was strong at about the best !