The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-14
New Yo rk
Stock Market

New York. April i3.---The rise of
prices Of stocks which occurred to-
uay was without any change in con-
dltions TO explain II beyond a rather
marked concurrence of speculative
sentiment in Its favor. There was a
general conviction about the Stock
Exchange that the advance had the
assent II not the active cooperation
of the financial groups most influcn-
tial in market movements. The move
llient in United States Steel was the
most effective factor in conveying this
impression, The volume of trans
actions in that stock and it's aggrcs-
Sire advance We're in themselves stg-
gestive of tho inside activities Which
nave marked past movements in the
stock heralded by confident predictions
from official sources in the corporation.
Humors OF an increase in the dividend
on the stock TO > per cent. rate were
renewed with great positiveness
Bankers and corporation reprcscn-
tauNes expressed themselves hopefully
Of the prospect for business and of the
good effects TO flow from the put4.-
over of the decision Of the anti-trust
cases for period of such indefinite |
duration as to make II Improbable that |
affairs would be held in suspense
throughout the period. It was no.
ticeaole that the copper stocks shared |
IN the days advance. although 1t has I
been taken for granted that the con-
teflpiated merger of these properties
would be hold IN allowance until the
antitrust cases define the permissible
Held for stlcii merger
TIE operations which advanced
prices were concentrated In character
and did not appear to come from scat
tered sources, the belief prevailing. mi
TACT that orders We're executed on a !
large scale for account of the power :
ful capitalists who attempt to in ;
fiuence and to lead market movements !
with the purpose of attracting a mis- :
cellaneous following, depnding on that {
for the profitable marketing of thrown {
accommodations. lie
factor in encouraging operations
In stocks was a Tightening OF the {
pressure on New York banking re- :.
serves. Estimates OF the probable /,
proportions and duration of the out ,
ward movement of gold were modified
IN accordance with the unexpectedly !
light outgo by to-days steamer for
London and the rapid strengthening of
the Bank of England reserve with the
first arrivals of gold shipped from
New York. The United States Treasury
is making the monthly disbursement
of pension money. and the subtreasury
operations are contributing daily
s'i"'ASS ~ tile new YORK banks from
this cause. The placing with foreign
purchasers of railroad note issues has
helped to relax the foreign exchanged
market and to check the outflow of
gold 1t Is believed that other note
issues by the railroads are In PROS
poet, Resources thus secured will he
relied on TO obviate the difficulties OF
the sluggish bond market and to push
forward expenditures for equipment
and Improvement by the railroads.
The immediate weather news from
the winter wheat regions was ignored
to-day and cheerful views were held
of the aggregate yield of the crops
promised under the incentive Of the
high prices prevailing. Estimates of
the heavy acreage in contemplation
Tor the next cotton crop and the
spring grain planting was an element
in this feeling.
Brooklyn Transit was an carly lead
er OF the advance under the season
able influence of coming summer traf-
tic and dividend rumors. Rock Island
was benefited by the entry of new
interests to the directory,
Final prices We're sustained near the
best in face of some realizing.
Bonds were irregular Total sales
par value. $2.S9O,OO0
United States bonds were unchanged
on call.