Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-10
Opening Today Showed Little
Definite Tendency.
TRADING PROFESSIONAL
Uncle Sans Crop Report the Feature
Topic.
.MERICANs STRONG IN LONDON
The Hartman Inquiry Not 1nfiuen-
tial-Washingto Factor in
Restraining Activity.

NEW YORK. April 11.-Today's stock
market did not p. escrve any dehnite tend
ency for any considerable length OF TIME
and in consequence it would be difficult TO
described il as an entirety as being either
weak ar strong There was n substantial
contraction in activity in comparison with
recent daily transactions and the trading
was commonly described as being MORE
Thoroughly professional than for some time
past.
In the absence of more important deNeiop-
ments. the governments monthly crop re-
mort Was commonly assigned to the fore
most post in importance. The figures Oh
th, Department of Agriculture showed quite
a sharp falling away from those OF las'
December. hut today's percentage of the
condition of winter wheat tailed closely
with that shown az the corresponding PERIOD
" last year
TN, most important occurrences relating
to individual securities comprised the an
rorurernout of the resignation OF the PrtSi-
dent Of the Delaware and Hudson com
many a not altogether unexpected event
and a sharp reduction in ~the SeIl!hS prices
OF copper metal with the course OF the
day
Reaction in Copper Figures.
The latter led to Il material reaction III
the quotations for the copper stocks "i'i'h
had previously been firm and served TO d'-
mini-h the hopeful expectation that an au-
vance would he made in the dividend ra'e
on Ana!samated Copper stock at the forth
coming declaration period. Delaware ana
Hudson scored a very rapid advance our
ing tho forenoon session, movement winch
might he designated as compiimehtar! 10
the incoming new president OF thG com
ulHN OF otherwise according to inc III
dIviGual Joint OF view. , H..
Movements elsewhere in the railway INST
and in other departments OF the ulaihel
cnuld not b. aSCribed to any novel develop
mems of iu pOrtanCe. The united states
Steel shares were relatively firm throughout
the business session, and reassurlnS STATE
ments were in circulation with regard 10
the maintenance of active trade conditions;
The dividends on the United States Steel
shares will be acted on April -, ana quite
Confideu- predictions were culreht Qua
that the rate on the common stoch "oulu
be cstab lished upon an at least . per cent
annual basis.
The grain market was but little affected
by TIE. governments exhibit.
In the early part of the business session
SOM. " ..i; ds4greeable impression was ere.
atcd IN the announcement OF the failure OF
a financial institution in Philadelphia. but
any concern in that regard WIS quickly DIS
sip+tcd when the unimportance OF the IN
sy,v-ncl in question was disclosed
London Market Steady.
The London stoc., market was generally
steady and American securities were
quoted for the most part well above parity
witt New Yorks closing figures of yes
tEriay. The quotations forwarded from
London We're not, however. followed up
by transactions ON considerable scale for
foreign account
Tie. official announcement made after the
,Ios,. OF business yesterday OF the decision
of tMc Interstate commerce commission TO
institute proceedings to compel MIR. +. H.
tn certain questions
which Ia. had refused to do in the course
of IT,. recent inquiry in this city the fore
knowledge of which was accounted factor
in Yesterday afternoons rather sharp re-
action in prices had little further influence
in today = dealings either upon the Securi-
ties directly concerned or the market at
large In a general way 1t might be said
however. that the Washington idea could
again br named as one of the main factors
in restricting activity and in the uncertain
movements in prices.