The age-herald., 1902-04-08
STOCK TRADING
 DID NOT PROSPER Money Supplies Are Rapidly Contracting in Markets PLENTY CAPITAL IN WEST Total Volume of Dealings Fell consld- ably Below the Million Share
 Mark Touched On Tuesday.
 Bonds Were Easy.
PLENTY CAPITAL IN WEST

New York April 1.-The upward move ment of stocks which had attained some headway during the latter part or ias' week did not prosper today in face or the rapidly contracting supplies in the noheS market Stocks which were maoe the leaders of last weeks movement were 'ie chief sufferers from the selling. The lo- tai volume of dealings fell cons1oeraDiy below the million share mark touched on Friday, but considerably more than one third of the total was made up Of St pauI. I, and N and Union Pacific. The selling cost of St. Paul was 2ss, l.. ana N, 17s and Union Pacific 1% This course of events naturally detracted somewhat from the interest in the conjectures or the source of the heavy demand for those stocks and the community of interest and meager project which might be aimed at' Wall streets suspicion of last week that the movement was a speculative maneu- yer to invite a following in the general market. was strengthened. The rather abrupt reaction in those stocks as re- suit of the developments in the money market was chiefly remarkable from the fact that those developments were gen. erally admitted to be impending last week. The answer made to this was that the abundance of capital in the West would relieve the situation and would give free scope to the buying of stocks. But when the call money rate shot up to seven per cent this afternoon, the high est point of the season, this assurance did not avail to prevent throwing over of large amounts of stocks The foreign exchange market was apparently not Tn the least affected by the outgo Of G,5OO,- GOO gold, showing that the consignment Is fin payment of foreign obligations as has been the case with preceding shipments for some time. Besides the gold ship ment, the banks have lost to the sub treasury since the weekly bank state ment some $33S, 900. There was deposit also of $100000 in currency at the sub- treasury today for transfer to Cincinnati while New York exchange at Chicago Tell to 20 cents discount As the bank state ment on Saturday showed the surplus re- serve down to $2, 649525, 1t will be perceiV- ed that today's demands were sufficient to wipe out the surplus. All departments of the list were affected and the days losses run quite generally from to points and over that in exceptional cases Amalgamated copper ignored the general tendency of the market, as 1t did when the market was goinS up, and rose at the last hour of the day to 112 over last week. Other advances were in the local fractions, some of the express stocks, Westinghouse electric, Chicago and AL toona, the Wisconsin Central stocks, the Duluth South Shore and Atlantic stocks and some minor stocks. The action or the days grain markets gave some lnti- mation that last weeks stock market as- sumptions of the safety of the winter wheat crop were somewhat premature. But the furry in the money market was the overshadowing influences and the market closed active and easy and gen orally at the lowest. A few of the newer bond issues were advanced, but the gen. eral tendency was slightly easier in sym pathy with stocks. Total sales, par value $4, $40 GOO. United States bonds were all unchanged on the last call
 New York Stock Market.
 By Private Wire to Murphy Cn-