Omaha daily bee., 1903-04-08
NEW YORK STOCKS AND BONDS
Market Develops weakness ON Dis
appointed Hopes for Activity.

NEW YORK, April THE weakness
which developed in today's stock market
bore witness to the disappointment teit Ia
speculative circles at the failure of what
are considered favorable Developments IN
the situation to awaken any sign OF inter.
est In speculation on the part OF the out
side houses. Call money was not higher
than 8 per cent at any time and fell lower
than that on enlarged offerings by the
banks. There was some lending ON call
also by stock commission houses, which
have supplied their expected needs with
time loans and have money on their hanus
now. owing to the practical stagnation in
the commission business i'm stocks at pres
emit. The immediate money situation ceases
TO be a factor In the stock market. Great
hopes ave been entertained that the adj
vent OF this condition would arouse some
speculative interest I'm securities and would
AFFORD opportunity To begin to move the
undlgested mass with which the market
Is weighted uOWn. Not much prospect was
offered by the days events OF any effective
assimilation of the congestion OF securities,
in which Is invoIved the embarrassing tieup
o. credits which threatens the future ia
cll1ties OF the money marKeI. The linden.
annual meeting was viewed IN IA more en-
couraged spirit this morning, owing to its
insurance OF the Indefinite prolongation OF
the present control oil that property, but
renewed uneaslness was relt over the po-
UltiOn OF the speculative pool In Southern
PACING stock. Inc extension OF the poul
carries 1t only to April 10, and the sug.
4estiNe eakness OF the stock TO-DAY had
a weakening sympathetic effect on the mar
me- W was "a StlAlllk II I I'LL
points III the list, attributed TO the same
source. This development put an end
quickly to an upward movement during the
nrst hour, led Oy New YORK. central, which
seemed unsigned as a bull demonstration
With the purpose OF attracting the expected
OUTSIDE interest. When this demonstration
was seen to fail or its effect speculative
interest became s%tagnant. Reports OF
strike at some of the coliieTies in the am
thracite region owing to disputed interpre-
tation OF the strike commissions award
had a depressing effect on the coalers. The
sharp oeclines in the United States Steel
securities coming at the same time with "A
meeting of the finance committee of the
corporation had a decidedly unfaVoraule
effect. both stocks tell over a point and
the new rs SOFA on the curb at S41a. The
feature of the day was the wide declines
among m stocks made necessary be-
fore d sale could be effected. Lackawanna
Was solo down y points after a preliminary
ferred ana Cleveland, Lorain q Wheeling
preferred each dropped 5 points on a single
sale, Westinghouse Electric 4, Virginia
Carolina Chemical preferred 3% and New
York Dock preferred PA. The expected iu-
dicial decision in the Northern Securities
case came in for considerable discussion in
connection with the points left uncovered
by the decision In the Southern Pacific In
junction case and the possibilities lying
in the Northern Securities decision were
believed to have a good deal to do with
the weak undertone of the market.
Bonds were dull and Irregular. Total
sales, par value, 81, 10000. United States
IS, coupon, advanced a per cent and the
IS. registered, n per cent on the last call.
The folio wing are the quotations on the
New York Stock exchange: