The Washington herald., 1907-11-10
COMMENT ON MARKET.

George L. Edmunds. Of Miller & Co
The market to-day was more satisfac-
tory. because Of its narrowness which
ordinarily can be construed as in the
stage Of once a day regaining its equili-
brium The commodities market is hold
ing its decline we'll and bids fair To in
duce further exports. The so-caUed pool
in cotton, while not borrowing any great
amount OF funds. is more or less Of "A
detriment. and Il is 20 be hoped that the
men running il will realize this fact and
allow matters to assume their natural
course which would serve 10 increase
exports of the staple The week winds
UP quietly. with confidence somewhat re-
stored and with another day of support,
common sense as well as spiritual re-
Election should convince tine holders OF
money Of their foolish pranks in with
drawing il from the banks. Altogether.
construe the situation as gradually mend
/ ing
Benjamin Woodruff. OF Post & FIagg.-
''The market presented little feature. a1el
trading was in moderate volume. but
prices continued steady and this is Just
what could be wished for. Further en-
gagements OF gold were announced. and
the total now appears 70 be about $50 600.
This IS a large import movement and has
already forced the foreign bank rates TO
unprecedented figures. The extent OF the
engagement shows clearly the urgency Of
the demand for this side, but the with
drawal of gold from Europe has reached
figures which cause decided uneasiness
there. and II would appear to be the part
Of wisdom to moderate our demands, as
any further defensive measures forced on
the Bank Of England might lead to a
large displacement Of American securi-
tiles which would be thrown on our
market The bank statement. which IS
hereafter to be published nj y O'Clock
was rather worse reading than warranted
by the facts. The S3oOOO.e00 Increase in
lonas and deposits is attributable to the
recentarrangement with thc city for that
amount of per cent revenue bonds. and
IL is SAID that good many of them are
TO be placed abroad. The decrease in
specie will be much more than Offset by
the arrival Of sold. very little Of which
figures in this weeks statement. II looks
as If matters were working along as well
as could be expected"
E w Crew. OF Henry Clews & Co.
1T is apparent that the financial condi-
ton. especially in New York, is under
going some Improvement, due to the
heavy engagements of gold from Eu-
rope. which now total about S47OOO,OOO
With the full arrivals on this side the
supply Of money ought 10 be sufficient
to meet the requirements of borrowers
and to increase the amount OF actual
cash. thereby doing away with the prem
ium now existing. 1t is clear the large
corporations will experience difficulty for
long time in financing their needs The
action Of the American Cotton Oil and
North American companies I'm passing
their dividends is evidence OF this. Ad-
hitting that most stocks on the list are
entitled to creep up 10 a higher level
on their merits, the question arises. where
is the buying power TO come from TO
cause anything more than this? The In
vestment demand from the public is
falling off and not likely 20 return in
force again. unless the market recedes.
as the little people are keen for bar
gains"
c. Bowie Chapman. of E. r. Chapman
& Co." Trading to-day was almost en-