OCR Text |
Show I MODERATE TRADING 1 IN STOCK WABKET w 1 t:ear Accumulations f Ere Stock ill ' Made Impression Bank of Eng- f land Reduces Discount Bate. I NEW YORK, April 15. Today was an- I other day of languid speculation, "and tho I moderate operations by a small contln- I gent of professional traders, who -were not H bold enough to follow prices to any dis- Bjj lance from last night's, level. Outside of Hi i rofessional operations there was little Ir in Hie niarKUL so lur as couiu lk; ueivciuu. The most Conspicuous movement of tho I day was that in Erie and tho steady accumulation ac-cumulation of that stock made some Impression Im-pression on the general list, resulting in a rally from the early decline. Tho buying buy-ing of Erlo was unexplained, but tho existence ex-istence of divided holdings In tho stock by the same opponents as those arrayed In the contest for the control of Northern Pacific revived some of tho old rumors i wbout tho extenslbn of tho contest to Erie, which woro in circulation at tho : tlmo of tho first contest in tho Northwest, , Tho early heaviness centered largely In he Pennsylvania, group and was duo to : ;. the announcement of a $10,000,000 note is- sue. by tho Baltimore & Ohio. Theso tcm-fif tcm-fif porflry expedients for funding operations i arc felt to bo piling up ahead of the mar-m mar-m kct prospective bonds and stock Issues 'ML- that will meet the absorptive power of tho w market as fast as it may dovclop for a fm long llmo to come, as well as fixing charges cither ahead of or to eharo with ,V present slock issues In claims upon earn-Jfy. earn-Jfy. fivps. This was tho effect of dlpcouraglng i Vtyy'nb ol" securities. The week's cur- i Jyncy movement Indicates" another ex-! ex-! vraordlnary accumulation of cash at this center. The sub-treasury operations in- I cludo both the payments for gold bars exported ex-ported and for Japancso gold deposited in i r Pan Francisco, and have netted tp the , banks $5,1"3 i"00 Besides this,, the Tegular ', express movements with the Interior i havo been heavily In favor of Now York, estimates running over $3,000,000. It la 1 tnkon for granted that another largo loan . expansion has occurred. In view of the I B placing of a number of rail note issues .tflnce tho last bank statement appeared. Sterling exchange continued very firm, and It is considered probablo that further gold will bo opxorted at available opportunities. oppor-tunities. The exports of grain for tho week show a falling off from last week Vof 610.000 bushels for whoat and 445.000 bushels for corn, indicating tho contracted I supply of commercial bills In tho ex-i ex-i chango market. Tho Bank of England ! policy In reducing tho discount rate this week is believed to encourage the repay-' repay-' mont of London obligations to Paris, and this would not relax tho pressure on New ! York for gold to Paris. Tho London ! Statist said recently. ! "I I- lili.hlt rlnclrnMn lint Mm ImmenKn !nount of foreign money which has been nploycd in this market should bo ma-rlally ma-rlally reduced. It Is a dangerous thing r a market llko that of London to bo pendent to so great an extent as It has ten for four or five years upon foreign oncys, which might havo to bo wlth-awn wlth-awn at tho most inconvenient lime." London Is plainly able to command gold New York at present for repayments Paris The market closed Inert and Ith insignificant net changes in tho gen-Bonds gen-Bonds were Irregular. Thcro was a urp advance lit .the Central of Georgia nlor Issues. Total sales, par value, 020.000, VnltOd States bonds were un-langcd un-langcd on cull. NEW YORK BOND LIST. S ref 2s rcg ..ICO-'ri Man con g -Is ...102 Coupon 105? Alex Cent -is .... 66 S 3s rcg .100 1st Inc :. 121 Coupon ... -107 Aflnn & St L -Is.. So& S n -is rcg ..132H. Alo K & T 4s .. 00i Coupon . . .133'J, 2s S S old Is rcg..l073,4 Nat R R- of Alex Coupon .. - -1074 con -Is 73 Ictiison gen -Is. 00?i N Y C gen 3Vs .. 0S, adjst 4s .. ..01 N J O gen 5s ..120 Llantic C L Is. 03U Nor Pac -Is 103 & Ohio 4s 100-14 3s .: 72 WJS 04Vi Norf & W c 4s.. OT ot Georgia 6s. 100 O S L Is & p .. 05 1st Inc 70'. Penn con 3M:3 ..07 & O 4cs ...10Zi Reading gen Is. 07' lie & A 3fcs .. 704 St L & I if C F.S.113 B & Q n is . . 31 L Ss S F fg 4s 83 M & S P g 4s.lOS St L S Wis .... M?i & N V con 7s.l20Vi Scabourd A L 4s C9Vj R I &. P 4s .. 713; So Pac 4s ... S col os 79ii So Ry 5s 113V4 C C & S L g 4s.l00i Tex & Pac Is . .US lie Term 4s ... SO T St I, & "W 4s.. C9! )n Tob 4s ... . 5Sli U P 4s 104 )lo &. So 4s .... S5 con 4s 09A & R G 4s .... DS'4 U S Steel 2nd Cs. 7St ric p lien 4s .. OS; Wabash Is 117 rlc ge.n is S5 Deb B G2 W & D C Is. .105 W & Jj Erie 4a .. SO ock Val 4i5 ..1(W Wis Cent 4s .... S0 & N unl 4s .. SO'A C F & I con 5s.. 72 CLOSING STOCKS. Sales. High. Low. CIoso Lclnson 17,000 73 1?, 73& Jreferred 500 03? 93Vfe 03 iltimoro & 0 10,100 70Ti 70i 70?i preferred , 00 inadlan Pac 100 11C 11G?J 110 in of N J 1G7 lesapcake &: O.. S00 32 32?s 32 licago &. Alton ZlVi jroferred SOVi il & G W 200 ICri 30 16?i ll & N W m 170 170 170 M & S P C.SW 145 144 343 proferrcd 175 til Term & Trans 0 preferred 7; 30 C C & S L 75 alorado South 37 1st preferred 54 2nd preferred .... 300 21- 24 23 cl-ware & Hud 200 154 151 353 & R G, """".WW." 21 preferred .... 71 rlo 2,70) 271- 2G 27 lat preferred .... 3.C00 C3 ti (5 nd prefei-red .... COO 42'A 41?i 42 ocklng Valley 70 preferred 310 ' SOii iOl S0 llnois Cen &00 330?' 330i 33H; iwa Central 38 preferred 33 C Southern . 3S preferred B5i oulsville &. N ,o 303 30SV'i 30S anhattan L 3.GO) 112 342 112 ctropolltan Sec .. 3,000 TJ 7S 78 ;et St Ry ;.. 3,70) 113i 113 113 Jnn & S L 1 47 lSP&SSAI.... 3W 01 Cl -Cl Preferred 317 lssourl Pac 6,100 03 02 03 1 K &. T... 400 17 37 37 preferred , 200 30 33 S at R R Alex prof 3S , Y Central , 3,100 117 11C?; 11CH orfollt & W ln BS'i 57. 57 preferred 30) SSli fSi SS nlano & W 2.000 2lsi 21 21 euaeylyanla 4C.G00 31S 317 IIS C C &SL CI jading C.50) 43 44 45 1st preferred .... 7S 2nd preferred 05 U5 05 " ock Island Co.... 4,000 23; 23 2341 preferred -too C3i t 1'' Sf ,F2nd Pf- a V4 47 .47 i SLtSAV 34 ? RjMen'edr, ' 3--,0 34 35 f'f flUJL,crn Pac ! "f 1 B?"t,3ern Ra'l 1.100 21 21 21 a -P'f erred , l?Ji&W 300 25 25 25 preferred 'M 37 37 37 1 VS5?Jh V 1.500 30 3S 1ST(. 18,30) 23 3S 37 m IsconKin Cen .... 300 1S 18 18 Ml Preferred -jW . .10 40?; W .5cPresa Cos iK- Ams "! 5 m American 1S5 If fvWfiw .w: m oIIb Fargo 203 preferred 71 Am Cotton Oil preferred ?. 3,100 00 00 oV American Ice ...... 3(0 7 7 7 preferred 3(0 2s' 2S 271 Am Linseed Oil st preferred , 2S Am Locomotive .. 'J00 21 21" "i preferred 30) S2 S2i S2 Am S & R 700 48 -IS 4S preferred , 92 Amer Sugar 2,900 127 125 327 Anaconda Alining . 300 74 72 74 Colorado TP & I.... ) 31 31 31 Con Gas 31,300 203 200 203 Corn Products ..... 30) 13 33 13 preferred .... 701? Distillers' Sec 300 22 22" 24 Gen Electric .... .. T 3M I Intern'I Paper 300 11 11 11 1 preferred (17 CG CC Intern'I Pump 100 30 30 3S preferred . 75 Nntlonal Lead 70) 1S 18 3S Norfh American ... 200 f3 S3 S3 Pacific Mail ....... 200 27 " 2'j 26" o-copie s uas 500 06 M4 06 Preystd Steel Car . a 1 preferred 71A Pullman Palace 2i)S " Republic Steel 107 714, 71; preferred 200 4C'4 4G 46V4 Rubber Goods 5,100 3S 34 35 prcferrefl 700 7S 76 76 Tenn C & I.. 2.100 50 3S 3S;& b S Leather 20) 7 7 7 preferred 3,003 70 70 70 U S Realty 700 7 6 6 preferred 200 55 55 54 L S Rubber 500 13 13 32 preferred 300 5S 57 56 U S Sloel 2.100 11 11 11 preferred 17,500 60 60V4 00 "Wcstlnghousc 36O " AVestern Union K Northern Sec 0S Total sales. 2SS.000. Silver and Drafts. SAN FRANCISCO, April lo.-Sllvcr bars. 52:c. Mexican dollars, nominal. Drafts-Sight. 12; telegraph, 15. Treasury Balances. WASHINGTON. April 15. Today's statement of tho treasury balances shows: Avallablo cash balance, $221,146,241; gold, S11LG9S.S32. |