New-York tribune., 1907-04-28
TOPICS OF THE STREET


soils were a shade easier. but the general Y,a-...
was duh at Unimportant price changss Bonsv v,,
easy az the British capital. despite the F~-ncr "a.
msnd for gold South African gold 10 the ar,pTn.
OF 100000 will be available IN the open market -
morrow. and this amount viii go q long vay touv,-s
meeting Continental requirements
MARKET GOSSIP-Ths current ularfzse aur-s-.
to grow duller when attacks mads upon 80
but. on the other hand. there Is no rot-vo-fhr H.,
crease In dealings or advances. The fact that VA,
Street Is fond OF changes suggests thar a -.,-.
bullish sentiment soon may develop. tnazrnu.h ss
the rank and file have been bearish for a Ior,s. 4,
and Vet md no profit in backing their opinions 4,
che trading. With adverse crop news hoJr-v-- 4,
may be difacuit 10 work up much OF a bun so.-rl,
tion- Opinions the inmediats future OF so.,I,
ton vary. and IN order TO show what sou1. 90 ~.
leading houses think the following views a.,
printed
Grannis q Lawrence say: ".At present the mar.
kst gets dull when II Is weak and beco-ss sut,vs
as prices advance. This Is well known fntsssfs,-
OF bull market But likely 20 have a
slow and vaciIlating market FOR several r-6ass.
during which time or points profit may hs taSs-
several times before 10 points appear"
Carpenter. Baggot q Co. say: There taz b.--
nothing which has suggested that tia oorasscoaI
weaknesses were mors than temporary eetbscxs {,
a narrow professional n1srlst BuIish Operators
are satisfied with the further easing OF tins money
and the reductions IN foreign bank Tatss recently
recorded -
Marshall Spader q Co. say: While thsrs "a
much 20 discourage stock market operators 2n ths
lack OF activity OF the market at this tina. there
Is much TO encourage belief IN The stability Of
prices and there is evidence q pressure % sss
except IN isolated cases.
Alfred Mestre & Co. say: ""Ths market seems 20
be still lacking in stamina. and it's power Of shsOrp
tion Is limited This n plainly from the ease
with which the market declines any considerable
offerings OF stock. Nothing more than traders
Miller Co say: I'VE believe that present prices
have more than discounted all the bad news and
that the tendency OF the market VII b upwa-a
and therefore that stocks should bs bought al
reactions
E r. Chapman & Co. say: ''Ths market IS simply
trading affair we still adhere TO the sans
opinion that temporarily at least, stock should be
sold on rallies
Charles G. Gates & Co. say: There was pTsct-
caIIy nothing IN the market but professional trad
fns based on the various crop damage reports and
runors OF an Unfavorahls bank statement. The
preliulinarv bank figures do not indicate much
change either way. We would buy good stocks On
the decline
Prince & Whitley say: "Ths professional charae-
ter OF the stock market continues. Crop news more
than anything else from now on Is likely 70 doH1t-
nate sentiment
STOCK EXCHANGE NEws.-MsnbeTship trans
ferred-AIexander S. Clark tdeceasedl 70 Thomas
$ Adams az Francke. Thompson & Rchh's. No. %8
Exchange Place. Memberships posted for transfer
Leonard c. Levy 20 William r. Pagan; Sponsors
Edwin Havley and Daniel ODell Harold l. MACK
TO William II Wallace r.: sponsors. Andrew D.
Graves AMI John p Csrier. James T. Andrews %
Walter Dean Ogden. sponsors. George D. Nackay
ord = Il AMY Dissolution OF Partnership-On
ApriI o. 1887 Thomas. Niaclay & Co. New part
nership-R Robert Maclay & Co. April q 4su1' w.
u Broadway: Harold II. Weeks and Robert MaeiaS'
Branch ofncss-Ulman. Morse & Co. Lakewood, y
e AnS0lld
Hotel discontinued: Thomas Naclay & Co. Murray
J4iu Hotel discon tinued; Robert Maclay Co.
,,a,l Ansonia Hotel: Charles 2. Tracy, man
arer. Waterman. Anthony & Co. address sNen % ~
BIustin No $50 as No. West S5th street snoula
he No West ssth street. New addresses-E H.
Bonner & Co No. IS Wall street; H NJ Saoier =
90 No q William street: White & Blackwell
No 50 Broadway, r X White. at White < Sl4cA-
wells No % Broadway; Lathrop HasklhS 9 W.
No Wall street: Lawrence BrotneTs. No -
Rroadwav: Robert Goodbody Co, No 80 Broao-
r-av- NIabor & Co. No As Wall street. Leo Levy
No So Broad street
RANK STATEMENT FEATURES deereass
in loans shown by the bank statement OF N.oShS9
was attributed 10 liquidation. and the decrease ~
considered an indication that the transfer OF loai
from interior banks and trust companies 70 W,
inc I{o,lse institutions was over foC the present
increase in cash Of s146,aa Is pSooaoS ue 80
of the average system, since the reported iHO'e
r,eats Of currency indicated loss Of niue ~ =
q AOo1a The decrease in deposits Of NsS'A'' :
ss3o saa more than the decrease In loans minus ~
Increase in cash which is fairly good oaiaA,e
rh rassrve required is $3.50 90 less than Ias' Ne',
55,,,, This TO the increase in cash. the surplus
,,e,r,su,s5 bv SS4t $50. The surplus now IS Sl-,
- oD,Darius with sl0s61.4O 4Oe in 1875. Sooe9'-o =
oos s9e IA o5o in 1876 S1LISl $50 in 1875 S'i>tv -
,aoo Ss 7s9 -75 In 1907. SlT07+,27S IN l"" s-''-
,sao and s45otSI5 IN 1Sss. Not counting ~
against United states deposits, the surplus =
25s 925. r-i,an,iaI
,bronicIe reports the total receipts OF c0'o--
tha v-esk ended April 96 at I66S bales ss''- ,.
70 Al bales in the preceding week maNins ~,
80 ssarten,bsr l. 1906 919O155 bales. agalhst -"
a.S haIes for the same period Of lSo- ~ ~ ,.
,,,,roase since September l. 1875 ot ~l4l,'V 80
-,,IooroDbi, sdvlces from the South indiCA'e
.i, hos beeu quite general during the 49,, 49, -
mat in some localities particularly III 49, ns.,,
Louisiana and Alabama. the precipl,atOn ,.r,s-
excessive. There are also reports '' = r,,ls.
| ture from some localities. FaI" WIN
has made slow progress . a. no
| "copper" TRADE CONDITIONS.-IheIe ="
cb,Dga in rhe copper situation No business
moment is passing. There has oeeh s,-,v,
,nouirv from abroad for May and June usl.-- -
/ eo1rer and II is believed by leading traue N' -,
/ ests that there is a big foreign demahu -. -
eusd in the near future. New York trade m'el7s,-
saw that the future price OF the metal Nepe-
upon the United Metals Selling Co. II that -.
pany maintains the price and the Dig eO"'--., :,
I interests are informed that there VII Os HC -
prices they will shortly re-enter the marAe''
! il will be a case OF necessity
NORFOLK & SOCTIIERN-The NofIo'N -,
Southern Railroad has awarded CONTRACT lol -
building OF trestIe across Albenare Souio - - .
Mclean Construction Company. Of Baltnlors. -