The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-25
GOSSIP OF WALL STREET.

A fresh lot Of reports about the opening OF
tbe> new Stock Exchange Building were our
rent yesterday. They were necessarily spec
ulative, because no date for the opening has
vet been fixed. The governing committee.
at its regular meeting this afternoon. will
consider the matter and an official announce
mcnt is likely to be forthcoming late to-day.
One OF the reports current yesterday was that
the opening would be on April 20. and another
act Il for the Monday after Easter-April IS.
The more superstitious members Of the Ex-
change are convinced that a -hoodoo" pur-
sued the board to It's temporary quarters
AT the south end Of the Produce Exchange
floor. and they would regret exceedingly
10 have April Is selected as the date. April %
ia the more probable selection. There 10
curious sentiment abroad In wall Street.
shared not only by superstitious members. but
by all who are interested In the welfare Of
the board. II In that the new building must
be opened with q rising market. The mere
fact that 30 many traders are looking forward
70 q bullIsh demonstration at that time will,
some people think. influence the market ac-
cordinR to expectations. And besides. pro-
fessionai pride 10 challenged.
Bearish sentiment around the Street yester.
dsy was remarkable chiefly for Its unanimity.
A broker who spent Monday evening visit
ing the Waldorf, several clubs. and other up
tovn places where Wall Street people fore
gather, said yesterday that he was struck
with the unusual prevalence OF speculative
pessiu,ism. He heard not single expression
friendly to the market. and friendly talk
about only one stock. That exception was
traction stock on which the general sentiment
appears to be very bullish. Traders came
downtown yesterday morning In bearsh
~ Tko hal xytQQf %
around the room was understood 70 De iof
the waldorf, or uptown contingent.
In the loan crowd last night there was
large borrowing demand for Pennsylvania,
Southern Pacific and Union Pacific and
fairly active inquiry for Amalsamated Cop
DER Southern Pacific loaned -fat." II was
renorted that small premiums had been Of
fered again for use OF the stock. but nobody
knew Of any Transactions at more than the
nat rate. The demad for other stocks was
only normal. LoaninR rates for everything
except Southern Pacific were sh and per
cent. Lenders who pressed stocks paia
DER cent. to the borrowers. Commission
houses appear TO be lending lot OF stocks.
There has been . sharp falling - 10 the Dor
rowins demand for Metropolitan. =
Besides the waldorf contingent. which 10
thought to be specializing for further de-
cline. the room trading element sold STOCKS
heavily. This element swings at times
great deal OF stock. More disturbing than the
operatiops. however, was the belief. very
sensrallv held. that a prominent operator
whose attitude d Of peculiar interest just now
was making a demonstration against the
market. Brokers supposed to be executing
his orders were very active around the room'
especially In Union Pacific. Minzesheimer.
Content and Manning were. perhaps. the most
conspicuous general sellers.
Minzesheimer sold smeiter common 5000
Steel. St. Paul and Rock Island. Manning
sold yariously around the room In the after
noon. having In the forenoon assisted TO de-
press Reading common and Atchison. Com
tent appeared TO have the selling end and
Caspary the buying end OF certain early
morning operations In Union Pacific. ALTHOUGH
Il was difficult to say what either one did on
balance for the day. Content seemed 10 be
buying Southern Pacific and selling tnion
Pacific on balance.
There was greater pressure against tuion
Pacific at intervals than against any o'h"f
stock. The general bennsh demonstration
seemed TO turn on Il. It's net decline. how
ever. was only slightly more severe than
the average for corresponding stocks. lon-
dom was q heavy seller of Union PHfh'.
a"e ,n'
ih Nc" 'o'A
Sam. anal, comfort WINS found In the r--
nection 'h"' the ha'As' h"s wv" "'' "
weakness
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