Los Angeles herald., 1908-04-14
NEW YORK STOCK
AND BOND MARKET
BY A ssocIated Press.

1oy AsSOCldteu FTesS
NEW YORK, April 1S.-Wall street today
gave further evidence of its restriction WITH
in professional limits and fell into duh
-. a. s,,,ns,tsh auctnatIone in nrlces The
tone was heavy, which is almost ineVitaply
the case in a profoundly dull market oonie
of the heaviness was of foreign lhsplratio4
and London sold on balance In this market
Paris continued to withdraw gold from
London and prices continued TO haroeh at
that center while further rise In foreign eA-
change rates brought conditions near the
level at which London shifts the Parls ue-
1nand for gold shipments to New YORK.
London remittances to Paris represent tne
completion of the repayment OF advances as5s
made during the New York hnancial CRISIS
and its reflected reports In foreign mar kets
There seems to be some speculative trou-
blcs in Paris due to disturbances in the ula,
mond and copper trades "nich lnu.eoS r.eoi.
liquidation by Paris In the London STOCK
market An unofficial announcement was
made in New York that the selling agency
OF tho principal copper producers han
marked down the selling price or copper
thus conforming to the last weeks success,
sive reductions in the London market anu
at tho New York metal exchange
For this reason Amalgamated copper was
a leader in the carly downward movement
OF prices. Tho amount of subscriptions at
Berlin to the new German and Prnssiah
loans although fully covering the issues,
seemed to be considered Disappointing, thus
adding one more TO the unfavorable innu-
ences from abroad. The improvement IN
Investment issues I'm foreign markets Whlch,
in consequence, checked. Domestic eNents
offered little to offset these foreign IN
nuences. -.
Railroad traffic officials reported that
there was no change in conditions ana tnere
was a disposition to postpone the date ol
expected revival The same was true OF hu-
vsnces in tho commercial situation and com
plants were heard from some centers OF a
relapse into somewhat critical cohuitlons III III
trade The approach Of tho Easter holidaYs
was repressve factor in all speculative
markets and this was emphasized ny the
decision to close the stock exchange from
Thursday of this week until Monday OF
next week.
Crop prospects begin TO. have more ef-
fective Influence on the market and reports
Of n continued lack of moisture in parts or
the winter wheat belt received some atteh-
ton The appearance Of the Illinois central
circular proposing the Offering or 10 per
cent Of holdings I'm New York to stockholu-
ers at par presents the subject OF new capt
tai issues which must he provided for IN
large volume in the not distant future.
The depressing effect Of Saturdays Dela-
ware & Hudson bond announcement on that
stock did not imply mood OF satisfaction
with the prospect. The money Wdrk@et @
showed tho further effect of hte growing
accumulation Of idle money in New YORK,
which is lo<ed to to pave the way for sue
cess in new capital Issues. Banks were
somewhat less inclined today. however. 70
press their funds on the market. wh1ch Is
comparativey bare of borrowers. Sharp ao-
vances in the group OF stocks known as
spscialtIes were without influence on the
general list.
Bonds were steady. Totai sales pa'
value. s3.sT2oo0.
United states bonds were unchanged on
call.