The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-06
FINANCIAL AND COMMERCIAL.
aAIrnnAH Nnrrh s.

tnR tho labor siluAtlsn Wa no doubt sur
vrisinR 10 many people But the attitude
q, tho stock mar ct M this egArd was
painly snou-h disclosed yesterday and
indeed carly in he present week. o Tar
as the situation ~ Philadelphia In con-
ceipyr u Z, perfectly obN lO,Is that any
such -gru Oh mas hsen begun by labor
ing men there must fail ssoner or later.
and rr.Jbshlv so.hsr rather than later.
- ~ ~ up general strike In
q zr~a municipality simply because one
particular -a' ~ laborilR men have a
gTis,anr". ~ mat their employers can
WsNs- D. .uCCe--ful for une sufficient rea-
son alUn". and tina, j. that the strike To-
puires a large number 10 men To bandon
their labor 10 violation NJ definite agree
M nts made vith their employers a. 10
iFetr own particular work 4 strike at
ihis sort must alternate rubh" sympathy
b. every direction Il must he said that
the news to-day Trum Philadelphis was
from IA print ri vlcW naturally taken IN
Wall Street 10y no means disOOuraGing.
Tho truth appeared To be that none Of the
grea, manufacturing establishments IN
Philadsipbis Wss affected by the strike
and that the only lsboring men who EFF
10 very surprising lnd-ssi u the Philades-
ptia trouble Is rot soon over. Al even
nlorp optimistio prophecy may no made
- regards Ihs movement To obtain higher
wages on the part ~ the railroad en-
ployess % the eastern mart OF the country
that - Row Oeco'Ding more ar lass acute.
There isVery little doubt that the railroad
managers in the case OF @ac1 company
will 10 they Canno, themselves come To
III agreement with their men Oder TO
refer tho matter Of he Arbitration 70 tho
Interstate Commerce Commission. and
thers seems L. - equally little doubt that
the mediation Of the commission will m
turn b accepted Wy the employers. The
upShOt of this may he very likely a gen
eyal InCrease Ia railway wage scales. hut
sou,c such event a. this has lon1 been
aoepted N an we'll informed financial
circles - a practical certainty.
To-day bcfure The opening Of business
. chew - tine markets action was mani
testly a6orvie,i 10 a higher range of prices
Err American stocks sent from the London
Stock exchange Had there been any
amount az uneasincSs worth noticing
here over the condition OF Affairs IL would
OF cours. 'i2se communicated itself
o. he Loudon market before the leGin-
ming ~ business 90 Our own exchange.
In she first hour ~ business the ten
dency - rrl,,cs her was perhaps to sag
slightly. but the pressure ia this direc-
tion waz 80 extremely moderate and the
desire Ia buy stO.'ks at quotations a little
helow the ruling level wac 80 definitely
strong thar after "a time offerings ~ stocks
ccasoJ eutirasy and the market became
absolutely -ttynani Then again sl.swiy
hsr with sustained fpr,c the ulari Of moved
NV ard aud closed AZ practically the high
lest lvVSd q the day. having net gsins and
IosscS stlH Irreg,ilarly distributed hut
With gains usually showing IN tho active
and standard 'zsuc- Among the ina"tive
stocks tire = = pCiuts m tho ~. buuis
and san rancirco second preferred
.harSs attracted not = little attention.
MT tire rrHl feaDi-e ~ the maTke, was
thn distinctly al, sncinc tendency shown
~ niic,i state steel r-,rnon. which
toward IN" cui % tn ,lav touched
aiIuf1fiou pnN "nr-"IEhth ~ point
lelcp '= higi rc.aDri pfigt Vt the week.
The roasonr Tor ttfs -tecRl advance
IN this stIc'. ~ IN" Ia, fee DAYS have
lceen hithsIto full. nn,cl n thi- column
u'lt u nlay l% aaalb rC;-ated that they
'-ahpriss ~ gen.iiai gradual puhlic recug
nitiUH ~ thc fact that the b,fs'nc-- ~ the
Steel Zoo p"rdtlpu .. It'll U.nuiuE sub
.tzutislly rlll lri 'aat ~, canning ~
tbe r'-Ur-4Tl"r tui the present quarter
wil a. IN rrpnalfutv b. much larger I
than ~ wee ago ~ ~ commonly !
tlo .zh' f''.'. ,rli b. rtiCular mon '
'io' uiu.I CAV, g." rusds IT the l,riRnt
IHosp~c' f.r th' irpp ari steel trade
iav ~ -. unfolding A. REGARDS ORDERS 4
Tor y. II. cuupin~n truTr the "a Tread com |
rnT'es t"wu'latilu- made during the /
present ~eak FROM known developments
are - tiir sSect thai IN. Hartman and /
Hil hnes rhs Rpk island tho Balti- !
wore and p'l'C tho New Work GENITAL .
and cther rNais alc ,ilrstdv N the market
or n is Known s~Dn vii ne frr over ssn
90 ~ worth ~ new rolling stock and /
ether equipment INVOLVING 'hs use %
,ron ari sss-sl materials and IL - under
ssO-Jd ,hS' probably st'll larger volume
Of c-1crr viii sltortlv he uncovered On
the usr' = uiApv ~ tie other large
syseeuaz zuch a. Pennsylvania. North
w.sterr Atch,son NeN Maven and ~,
Paul cor panice
'rhs weekly hank statement to-day
was s1inething ~ surprise ~ Wall
Street ~ general although rot ~ course -
reople N banking uiryle. whore az ac
citrate krc~l edgs ~ tN' syndicate trans-
actions Of 'hs Veek Vas svsilsrls rher~
has been - ~, present wess nearly
trs 90 90 q new security Aptatons
~ one k'nd and another brought OFT and
al tkeas 81 Temporarily 40 increase
ths bsrk loan account Moreover. money
- rcw moving freely. ss - usually dos
=, rais tire. 20 ,he Western sections for
ths 1on'ipg Dssds ~ the farmers IN prep
Arsccn 70. the spring planting The
average figures q the hank return to
day reported an increase IN loans ~
ue.5sT 90 and decrease ~ ca1h ~
- SO 90 rlskTE Win an tncrcsse "
depoAtt = o. ~ IN lecreas" ~ 'he
average surplus IT 3 $50 w. tho
equal iisuref Lam in~res-s.d slightly
les thar 81 70" go and rasn decreased
go IN Dr.. making a a4..r~aso m the
aniull i-ssry" Of ". 7S""P I'ufay oral,le
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