Omaha daily bee., 1903-04-02
NEW YORK STOCKS AND BONDS.
Market Resumes ListIess Inactivity
and is sluggish.

NEW YORK, April 1.-The stock market
dropped back into an apathetic condition
and halting manner throughout the day.
Tn was a disappointment t. such specula-
tors as had hoped that yesterday ad-
| vance heralded the beginning of a con-
tinued upward movement ihe stiff call
money rate yesterday and the furry to 10
! per cent II will be remembered were ig-
! nored and the buying of s;ocks was per-
| sisted in even while money was at the
/ highest. but the high money rate today wa ;
| speculation. Yesterdays buying in face of
high money rates was based upon an as
sumption that the corner would be turne i
easier conditions would begin with oi -
bursement of April dividend and interes
! money. When the call money market was
| neen to be quite as stiff as yesterday ther :
was some selling of stocks by Yesterday 8
| BUYERS in consequence The whole marke
/ was strictly professional and the susp.c.o l
/ got abroad that yesterdays advances wer
| uuc more to professional manipulation AMI
/ to covering by shorts han to any other
| cause. The days develoy yments were lot
| important and seemed of little influence.
| The subtreasury statement, as expected,
! showed that the payment o; yesterday >
! draft for relief purposes In the Philippi e.
! made good TO the money market the pre-
| Nous subtreasury drain since Friday. Some
further benefit to the money market is ex-
pected from the payment of government in
! terest. There is still confidence that I ie
] movement I'm the immediate 1uture will be
| to the advantage of New York In the wa
| OF release of funds accumulated for divi-
! Qon0S anu interest. a SeaSOnaDle return
flow OF money from interior points is also
| expected. But there was perceptible toda
| in the speculative sentiment a recurrence
! of the fear that heavy corporate require
ments are waiting to absorb any iTcr asa In
! credit resources. The disturbance in the
loan market today was attributed to the
| payment of subscriptions for Chicago and
| Ncrthwesterns new stock. IN the time
money market lenders show a disposition tn
| r, strict their loans to within tn siN
! months Period, the obvious purpose being
| to have The maturties come wn'n the fall
| demand from the interior for furd1 begin
! to withdraw money from New York again
The hearing +oday of the proceedings to
make permanent the injurcti N aga nst tn
! voting of Union Pacifcs holding, of South
| ern Pacific stock caused a tee..ng OF sus
pcnse and a desire to await the decision
There was some renewed heavy selling
also OF Pennsylvania. The dissolution of
the Injunction against the wabash strik
was the cause of some liquid tio7 in the
wabash Sugar suffered from the reductio
in the price of refined grades 10 meet yes
terday's cut by competitors. There was a
violent and unexplained break in Colorad
Fuel with an effective rally. a further de
G ine in Llrdo d scount rates WIS regarde
with satisfaction. 4 sharp break / h,
cotton market, 1t was hoped, wou d IN
crease the foreign demand. The marke
closed dull
Bonds were dun and irregular. Tota
| aa.es par value, ,SSo, 600.
! United States new As. registered decline
u rer cent on the last call.
| The following are the quotations on tn,