The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-15
New York
Stock Market


New York, April little stocli mar /.
fet to-day gave further evidence of
the ordered and systematized proceed
ings OF the large operative forces
witch were supposed to be respon-
:,iple for the advance of the day be-
Tore. Stocks, which were strongest
yesterday. were subjected TO a process
on prort-taking at different times to-
10y. to take advantage of the new de-
mand attracted from outside sources
by the demonstration of yesterday.
The new demand was reported 10 be
considerable, as shown by the buying
orders received by commission houses
1T was those orders. matched by the
selling order TO realize from yester-
days buyers, which gave the marker
its appearance 1T animation during the
first hour. The narrowness of the
price movement during tina, time was
a noticeable feature, for the same rea
son.
The markets greatest show OF
strength Developed in new quarters, as
is uslinl. in pursuance of planned
speculative campaign. in order TO give
an appearance of variety TO the deal
inss and to extend support to the gen
eral list to facilitate the profit taking,
The aggressive measures employer LOT
carrying on the movement ana the
proof given in their scope OF the pos
session of large resources gave conn.
d.nce 10 a speculative following. and
fntmidated the professional OPPOSE
Zion. -
covering of shorts was material lac
tor in the strength shown by the mar
l,et There was no; much speciilc
news TO account for the action OF tne
market, but current discussion apous
INC Stock Exchange dwelt largely OH
general considerations. crop peMf
was encoura ging, and the oeciine ~
Grain and cotton prices emphasized
mis- view. Bountiful yield of natural
nroducte in the proportion that II can
be foreseen at any time is of untaliihs
effect In raising expectations of secur-
~ values. Collected views of Chicago
bankers. which made their appearances
to-day. dwelt upon this factor with
special force and a reliance for sus,
tanning the credits entered In iano
enterprises and in irrigation proIects
in the West
The weekly statement of the BANK
of England pointed to q decrease III w.
demand from that source upon Ne"
York gold holdings. Besides the gam
An bullion holdings. the weeks repay
,ents to the bank amount to over
sag. 600. 600. and in addition S5,7SO,O0o or
american gold went into the bank TO-
day with further large sums ahoas
for the same destination
The March foreign statement OF the
Bureau of statistics called renewed at
tention however, to the abnormal con-
ditions existing. The record imports.
to the value of sl62,955,oT6, established
an excess value OF imports tor Una
month of sl9,2546lS, compared with an
pf m
last wear of S6,41I,441.
The two Hill stocks were strength
ened by intimations of coming fnanc-
ing, which. it was believed, might IN
volvc subscription rights to stockhold-
ers of value,
There was report that the price
OF Lake Copper had been advanced by
an interest which made sharp cut
earlier in the week. Dividend in
creases were the subject of rumors
about United States Steel, Pennsylva-
MIA and other stocks. The PittsburG
coal mining agreement was regarded
with satisfaction There was a belief
prevalent that a comprehensive ad-
vance in freight rates was in contem
plation by the railroads as compensa-
ton for the rising wages of EN-.
pioyes.
Bonds were firmer. Total sales, par
value, S2,S040OO. United states bonds
We're unchanged on call. Total sales
of stocks for the day. 4I5,3oo shares
New York. April i4.-Money on call
frmer, aAQ31a per cent: ruling rate,
sA closing bid, 3A offered at ~ per
cent. Time loans firmcr; sixty days.
464M; ninety days, lending at Az six
months. 4@4h Close: Prime mercan-
tile paper, ~ to 5 per cent Sterling
exchange steady. with actual business
in bankers bills at s4.S425@$iSi35 for
sixty-day bills. and at S4.S760 for de-
nand. Commercial bills $i,S6la@
s4S4S. aax' silver 5SA. Mexican
dollars, 3D. ).
RICHMOND STOCK MARKET.