The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-02
Tired Holders for Advance Sell
on Dropping Market.
MONEY DISTINCTLY EASIER
London Money Market Was Also Easy
and Sterling Exchange at Paris Re-
covered Fraction Bonds We're
Steady but Less Active.
ny Associated Press.)

NEW YORK. April 1.-The staSnaat
condition of the Londo market this morn
ing upon the resumption of trading after
the four DAYS intervals still further de-
fcrrcd the homes of the speculative con-
tincent which has been counting upon an
awakened interest in the stock ma.he,.
The continued absence from Inc sueel
Of large CAPITALISTS and the coming de-
parf,,re for Europe OF the central inquire
DT the financial district had a iurther dis-
couraging effect upon the smaller racers
who have been processing commence tnat
the powers In the money world were soiie
20 put stock up.
The consequence was conSidefapie SCH
ms. by tired holders and a. dropping mar
ket The leaders in activity were Colo
RADIO Fuel. United States Leather, Anal
gamated Copper and Sugar. Colorado tnei
lost all of its gain. which amounted at
one time to pa and closed with 4 frac-
ticnal net loss. Sugar was under pres
sure and United States Leather stocks
did not fully maintain their advance
Amalgamated Copper, however. was per-
bistently firm and closed at the top with
a net gain of points. Reports of the
consolidation of the copper interests made
the bears in the stock timid. and they
covered heavily. "A judicial decision up
holding the New York franchise tax
weakened the New York public utilities,
md caused some sympathetic response
elsewhere. Decreased earnings reported
by the American Car and Foundry COM
pany depressed that stock. The CoaieiS
the summer schedule of prices represent
ing a reduction of so cents per ton from
the winter schedule. was i'll force to-day
instead of being postponed until May lst,
rs was expected.
The fact that the dispute with the
miners is still open was an additional III
Nunce.
The money market was distinctly easier,
both for call and time loans. and the
large disbursements payable to-day are
expected TO further increase the resources
of the market. To-day's dividend and in
terest disbursements were estimated at
upwards of $50. 900 0O0. The London money
exchange at Paris recovered a fraction.
SO that the advance in sterling here left
a margin still between the market and
the gold export point. These influences
seemed to be ignored. however, as the
present state of the money market is not
Federal finances shows Il surplus for the
month of sS.273413. which is less than
million under the surplus for March OF
last year. The, available cash balance in
the Treasury. which has been held down
In the neighborhood Of $40 900, 900 fol many
months by the redemptions of Govern
ment bonds. has now run up to nearly
l7S.o30,o00 with the prospect of consd-
cradle daily addition with the redemption
of Government bonds suspended. The Sc
curity of the New York money market
from future complications is. therefore,
not clear. and this continues to be a re-
DresSive influence on speculation.
The bond market WIS less active but
generally steady. Total sales. par value.
So $4,000. United States bonds unchanged
on the last call.
The total sales of stocks for the day
were a39, 500 shares.
MONEY AND EXCHANGE-Moncy on call