The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-26
PRICE OF GRAIN
rules STOCKS.
Changers Rushed Up Under Lead.
Of Union Pacific.
a sEEsAW WAS DEVELOPED.
When Grain Market Strengthened the
Price of Stocks Fell, and Many
Prominent issues Closed Below
Thursday Nights Level.
fBr Assec,atea Prrss. I,


NEW ToRK. April sJ.--I'here was a
Persistent tendency to-dex among the
stocks Of graiB-earEring railroads te mere
grain The heavr liquidatien and a vie=
lent break In prices In thls ineinine
grain market sent the prites OF agangefs
Up with q rush. LINEN Iae'iis ieadtnE
with a extreme advance of IA, The move;
n1ent spent It's fierce when It was seen
that good buying had aeveioped In the
grain market at the decline and that
slump caused by reperts t,f last nights
rains with The forecast Of fair weather
1er tp-tnerrew. The whsle market felt
ship OF Uniaai Pacific, and during the
final hour there wis ragged recession
which wiped cut many early gains ai,a
the Changers. Ceasers, NeT York Public
Utilities and high-priced industrials be-
low last night There was q late advance
in The. Southern group. marked By very
extreme advance of 1as: louisville and
Nashville was lifted at the same time
rs and Chicago. Indianapolis and Lbuis-
vile rose 31s over last night after erratie
fluctuations.
This movement seemed To, check the
decline elsewhere. and when 1t was seen
reacted. There was some bidding up Of
the Changers again at the clese, which
WIGS active and steady There was large
buying Of the United States Steel stocks
employed by the syndicate. This buying
seemed to be in connection with the Issue
Of the bond circular. The stocks reacted
and became dull with the rest of the
market The American Ice Stocks alse
moved vigorously upwards In face of the
passage of tho dividend on the cof,1i1ler
and a proposition 10 Issue debenture bonds
ahead Of the stocks. There was a great
variety of movements among the special
ties. Amalganated Copper advanced on
the conjecture that the consolidation Of
Inf q yU1 S.~n 13,,,jn 4,
their absorption. The stock lost its gain.
Sugar was weak on the proposed insestl-
cation of tho companys Cuban holdings
by Senate committee.
The preliminary figures Of the weeks
cash movement indicates receipts on ball
ance from the interior by the banks Of
added the gain Of saa7,0oO on sub-Treasury
operations. II IS also possible that the
early liauidntion in the stock market may
speculative borrowing has been renewed
ana large syndicate transactions may
have been In progress.
the activity Of the stock market Divert
cd interest from the bond market. hui
prices there were firmly held. Total sales.
rar value. S5.3o5. 600. United States bonds
we're be al unchanged on the last call
were 1.d0o.9o0 shares.
MONEY And E1cHASoE-Money on call
asked als@4 per cent: prime mercantile paper.
500 per cent Sterling exchange easier with
actual business in bankers bills ut 4s7H for
Demand md md, at $d.s5A FOR sixty days' posted
ratrs "a s6ta. &c commercial filIs "a IA N
SSaas. Bar silver. 5lA; Mexican dollars = al.
Goyernment bonds. Urn; State bonds, inactiyet
railroad bonds. firm.
% Total lot hnnE clearinEs week ended April e4f,,,
s-.oeo JOB o2s: decrease. SO per cent, Ouf.ido
STOCK QUOTATIONS..
Eu,n3theG by Mcssrk SCOTT T. srpyN,r,x
Mem seTs New lorl Sto,I ~ !"