The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-04-19
GoasIP 81 WALL srasfr.

fhs supply Of STOCKS IN tho loan crowd
yesterday exceeded the demand The i'm
preston was that tho miscellaneous skort
interest had bsen decreasing Brokers hav-
ing stocks TO land found II dieacult TO dis
pose OF them. Commission houses offered
stocks very freely The average ioanins
rate was = per cent The most active de-
mand was for Pennsyivania. In which there
stu appears TO be a large short account.
There was also a fairly good demand for
southern Pacific In lots OF 600 and 1 900 shares.
Tho borrowing Of Southern Pacific was come
thing ne-. The room was rathsr surprised
at the indifference Of the general demand.
IL had tcan supposed that q fair proportion
OF the trading element was committed 70
the short side for q turn, but apparently
the operations for q decline In Fridays ses-
sion were overestlmated.
The investment demand for bonds and
guaranteed stocks is said 70 be picking up.
The Improvement has been very moderate
40 far. but II seems to hold. and that b some
thing. Brokers have been Watching the
investment market With particular interest,"
OF late. having been taught By long sxpsri-
ence to look IN that direction for the frss
signs OF a revival OF public interest In securi-
ties. The ne ylect OF attractive Investments
since January has been q matter OF general
disappointment The Increased demand for
IN. .s ".e ,. u,sea s0As nos,coo last
i. 49, % mn wv Vi ~sh, vnUn
n,.r 49, New 10TH
=. d,s ~ oAe, sonms Ovtv1 tnah
nr,nai,.ur a.S. CIV e'e reuHy ~
n mv", Up .ne o.~s mere nss
bond and guarante stock list.
v....,,.
.,r.a o ~ s mao woo cpenmsIt Aoo
~ Ion .e' 70 ian tne,e hao Deen
o.., rIuss ~ " a" ouyx oroers
ove. nsns: INC eHecuuon OF whfch caused
the opening to buy stock on one side Of The
crowd ut l3t and selI II on the other at inv
wormser bid up the price. The buying on
the advance was considered To be- better
than the selling In addition TO the small
buying orders there we're several large ope
in the hands OF brokers supposed to repreeen
important interests. E. 4 c. Randolph and
several other big houses took stock freely
Dick Bros were the heaviest sellers. The
impression seemed to prevail that the hostile
demonstration on Friday aftarnoon vas In
the interest Of buvera for abort ACCOUNT
President vreeland's statement created a
more friendly feeling for the stoct
ness yesterday was stili buliish on balance.
The general behavior Of the stock market
s monusys M"su. preaa vac Muerent
.yM ysnx .' IAo oh seen since tne
a s'., VI .ie oanuay ,,se. hnn was
noes 'o.Soy u,us"aso IN Me a.usuue To-
ns.. ao.e ne~s anu occurenees'
ine MAnnat'an suke news, the metropolitan
Is,o NJ 'ne a.sAos on nesoIns we're 20 mini
MEL IN specuauve sease ~ ueave IN
s 49, ns.H ,. "i1 .renoiy iee"ns Tor
ne ms,keS INC Gsposiuon Oh uaoers
-.
su 10. sno suLses..o 'eAcuon rom
ns sA"e"e pes''m's" mat 90 recen'y pre-
's"eo' -
The same crowd that advanced Anal
gamated Copper TO rs q few weeks aRo ia
bullins Il again. The objective point of ia
previous operation was 90. and IL was still
taking stock at rs when general market con.
ditions became 80 very unfavorable that IL
was decided to cut the cam psian short. The
pools entire line is said TO have been lioui.
dated between 70 and ~, from which II may
for the stock had been created. It In said
that on this present movement II IA inten ded
to carry the stock TO the price prcyjouslv
contemplated, namely, 80. The speculative
interest in Amaeamated Copper Il VERY
responsive. H. A. Harrison and Mcintyre 4
Lansbursh appears 70 b bulling the stook
again.
Wall Street authorities were divided yes
terday a. to the character Of the selling In
Reading. The opinion which at length pre-
vailed was that the movement originated In
speculative quarters. Tho avowed cause
Of the selling was that Reading NO uld DO
involved In the Interstate Commerce Com
missions approaching inquiry, but there
was nothing new on the subject. The mat
ter was brought freshly to mind by soms
ing presented that was not already generally
known. The heaviest selling Of Reading
yesterday was done through brokers who
represent at times important Philadelphia
but most OF II was understood 10
bc for local account. Dick Bros. sold
heavily and traders offered the stock down
70 catch stop-ordsrs. De witt 4 Co. and
oelsneous long account that has existed
ever since Wassermann's bullish denonstra-
ton In the stock was easily tntimidated.
great many persons suspect that he
object Of last weeks movement In Norfolk
4 Western was to make Q market for an old
line OF long stock. II is thought that the
speculative line indicated could 10 sold