The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-03
New York.
STOCKS AND BONDS.

New York. April 1.-The naming Of the
most active stocks IN today's market is
in itself an Illuminating commentary on
the character of the market. United
States Leather led the list followed at q
considerable interval by Amalgamated
Copper. The dealings in Colorado Fuel 10
Insignificant proportions in comparison
with the recent trading. Sugar VAS wcil
up IN the list active stocks; y inc
prominent railroads only st. FAM ava
Louisville and Nashville showed Meta pie
degree of activity and the fluctuations did
not reach as much as point IN elther O.
them. The extreme range IN the Umted
States Steel stocks was - for the com
mon and Il for the preferred and both
closed at 4 shade under last night, IN
spite of the extraordinary earnings re-
ported for the year of the company eN-
istence and the official assurances given
Of the success Of the plan for providing
$50 900 additional capital. Many or the
usually prominent stocks did not open at
all before the middle of the day session
and not few viii be found with no
sales recorded. The price movements or
any consequence are almost Invariably
amongst the less known stocks ana the
reasons advanced were very obscure. st.
Paul and Omaha rose points on a rev
transactions and the preferred i've but
PER- Marquette dropped six on only one
sale. The Hooking Valley stocks were
active and strong, the common rising !
and the preferred =. Rumors were re-
vived OF plan to retire the preferred
stock at par The Wisconsin Central
stock and the Toledo. St. Louis and
Western stocks were bought apparently
on the strength Of the strategic posltloIl
in the competitive field. The New YORK
dock stocks rise in an cratic manner on
the supposed sudden realization Of the
valuable equities in the property. me
movement in the Leather stocks was on
the assumption that the preferred stock
and its claims to deferred dividends were
4 -, rr~aN q
issue There were other movements OF
less degree. but these will serve to Il
lustrat the character of the market. IN
losss which were literally sprlnkleo
through the list of stocks OF similar
character had no other explanation than
they had previous advanced on rumorS
which have not been confirmed Inc
weakness of Rock Island was associated
with the outcome of its addltlonai STOCK
issue. The decline in the Buffalo. Ko-
chester and Pittsburg stock was doubt
less due TO the coal miners stock In strike
in its territory. The movement IN the
general list was Insignificant. II IS true
that prices We're at one time advanced r
fraction. but no other cause was appar-
ent than they declined yesterday The
crop report by the government weather
bureau had some Influences or sentimnt,
but tn present grain markets are regarded
as under the artificial influence of large
speculative operations and are therefore
distrusted as an index of actual condl-
tions. The statistics of the copper trade
and rumors of an approaching agreement
among the output and price were given
some credeuce. Future money market
developments are still awaited. the cas-
ing tendency Of money here being coun-
terbalsnced by the execution Of early
gold exports The market closed o9.l
and heavy on the taking OF profits by
room traders.
There was a very a good demand for
bonds which was better distributed than
OF late. Total sales. par value. = 4SO.ovl.
United states bonds were all unchanged
on last call.