The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-04-13
UNCERTAIN, BUT
STRONG AT CLOSE |, |. | D J. [
Wheat Conditions The Supposed
Cause Of Considerable Liqui-
dation iii Market Yesterday. #.
STREET AWAITING WAR NEWS
Dealers Scout Suggestion That lat
I1ill-Harriil1an3 Eight Will
Break Faitl, Again.
(By Associated Press,

NEW YORK, April 12.-- Movements Of
stocks continued to give evidence TO-DAY
OF much uncertainty OF mind OH the part
sof speculative operators. The current
( r,cwn failed to account for any depression
ana conjecture pointed to various cx-
plantations Of the papable weight upon
the$1narket. signs Of considerable strength
and or sharp weakness succeeded each
j. other all day. Adhesive strength shown
8 ~ Il few stocks failed to overcome the
skeptical and suspicious attitude OF the
trading. Considerable liquidation was at-
tributed to the account or orders received
from Western sources and the sconV lctioli
held that this represented measures OF
ana .nem,ng % o. -
speculative deal iii wheat. Tho. substltti-
n ton In the Northern Securities dircctora,ie
4 OF a new name for that OF the head OF 4thc
5 half or both sides to the old quarrel N
that party. Fears Of an outbreak OF this
s old quarrel are ernphaticallys declared 10
be Punjustined. DEFINITE news from hostile
for. and tho possible olitsome Of the
threatened sea fight was strainlng IN
B flnences on the securities market. The
weakening OF the foreign exchange market :
4 was regarded with relief, and a lower dis
count rate In London md an advance IN
the sterling rate at Paris also Scn-sed the.
y SlluallOn, winch DeSan 70 lNTcAkeu WIFI
dra wal OF gold. from New York. Notwith-
standing the discussion OF the Northern
Securities situation. Union Pacific was
firm, TO strong ali day The other principal
points OF strength we're in the Industrial
4 list, notably smelling, Amalgama ted Cops
3 per and the LOcoTotiv We sto cks. The weak
4 ness OF New York Central was a strong
contrary Influence. ana Illinois Central
Y also suffered from free realizing on yes
Z terday' s wide advance. The electric stocks
suffered on rumors ofs$the rupture 8of Il
4 working agreement and of the expansion
of compcti tion in their field. AZ sharp
| break IN Peoples Gas was also an eff
i fcctive Influence. The Cleveland, Cincin-B
natl, chicago and st. Louis stock increase
capital Issues coming upon the market.
4 An thhsiastic weekly review Of the
/. iron trade awakened d lively demand for
Z United States Steel pre- erred, and an
active absorpuonsof Union Pacific at the
same time carried the mar ket upwards to
a strong closing. .$
Bonds we're heavy. Total sales. par
value. s.. 100, 900. United States bonds were
all unchanged on call.
-& The total sales OF stocks amounted Is
q 1,040.S0O shares. "a SIS
38l MONEY AND EXCHANGE LosE;l
Money 81, cal steady at 3a3 IL per cent;
cent: time loans, $ teady; sixty days. 8 l-o
per cent: ninety days and six months
y 8 1-eGS 3-4 per cent: prime mercantile
a paper. 33-ia41-9 per cent. Sterling ex-.
chanke weak. closing steady with actual
businesH In bankers bills at S4.S8.15l1is6.20
mercini5 bills, $4.sf is. Bar silver Is IS:
Mexican dollars. 43 3-A Government bonds
steady; railroad bonds, heavy. FL 3