The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-04-03
FORCES CONELICI
MARKET RA'L1S:I.
Struggle Relapses More Into
Professional Hands and Opera
lions Increase i'll Dullness,
MONEY MARKET Z R Re:
This Condition Practically lm-
ycrsal Here. and Abroad-Cl
ING -ione Rather Heavy.

MEN YORK. April Tile stock MAR.
kct MAS affected to-day by the pace at
which the recovery has been going from
tine extreme depression OF tue hrs' Pat'
last week. A disposition to take
i,rot,;s on ihe considerable recovery
which has occurred comedies with a less
e.ninc inclination to buy stocks. The
s,,staininy measures which have been
y :,pparent for several days past were not
entirely withdrawn however, and the
consequence was Il hating and irregular
movement of prices which testified !"
i the conflict ~ forces in the market. lhe
conflict rclapsed more and more INTO
5a5s professional hands. and the operations
q increased in dulness. The measures of
n support in the market We're particularly
NJ effective against the unfavorable intiu-
4 sence5aof the fall in prices of Americans
aSs In london before trading began here.
u The aggressive strength of Few stocks
l,ul ID large sympathetic influence on this
s result. 1t was from this restored leVel
that the market movement becanie WaV-
4erng and uncertain again,
Some attention was paid TO the course
al the news from Washington, and some
y part Of the tllcavincss in the Hartman
SsS stocks was attributed to tho sentimental
S@ effect Of the position of antago nism be-
Ma teen the President and the head OF that
system revealed by publications during
S 1hes.d day. The protested confidence OF
party in the speculation yesterday that
The Presidents utterance on government
policy towards railroads would abate All
III alarm on the subject in financial markets
was not SO active factor IN inc situa-
ton.
The most notable developments OF the
day were in the money markets. The
ss relaxation there was marked, and lrac-
- tically universal, both here and abroad
New York bankers secured S2.500.000 Of
gold In London. The effect was pro
nounced on the sterling exchange mar
kets here which rebounded violently
-sSs3sls sales Of securities here for foreign &c
81 3ro,u,t addct, to the demand for foreigl
ss exchange. The days net changes shoy
declines predominating and closing ton
.sa Of the market was rather heavy.
Bonds were more benefited by the cas-
! iinr money market than stocks, and ther
was an appearance of considerable at
sorptive demand at rising prices.
MI Total Sales par value, s2,9l2,Ooo.
United States bonds we're uhchahse
ii on call.
st, Total sales stocks. i O39, 400 shares.
NEW YORK. April a.-N1oney on ca
- s easy, 1898 ga per cent; ruling rat
ssS 3; closing bid .; offered at l.; Tin
a loans dull and easy: sixty days, nine
Ss8 days. and six months, 5l-2 per ccl
Close: Prime mercantile paper GM6
s|3sS perg cent; sterling exchange Very stron
8{$l8s5i ,,,it, actual business in bankers bills
SfsTT s4s455Gs4s46o for demand. and
Ss4.s02o07 81 so25 for sxty-day bills; post
j rates. s4.so1-2ms4s1 and s4.s5s0s4So !
commercial bills, s4.791-2; bar silye
$A$gs IS 3-4; Mexican dollars, so IL; COVER
lsssss ment bonds steady; railroad bonds stron