Daily Kennebec journal., 1910-04-09
The Markets.
NEW YORK STOCK MARKET.
Features Of the Days Dealings IN Al
The Leading Stocks.

New York, April S-There was oosl eoai,
siderable. but not an excessive ~ M tnda%
in the offerings of stocks Tor saii i,cTease
There was: however, dlstliieth tl, thev were
In the difficulty with which they w.,
marketed The absence of bids at cur
rent quotations made Itself "pnioTI' ~.
the outset and as prices -, d.clin
bids at successive stages 81 49,. - fnrther
were readily filed, neceSSltatlhS - - -" -
concessions by the sellers ~ VI ai1inv
place their stocks. Much OF Tue I;a,,nsi
was called professional ana Wds InI -
to be prompted as much py TIA" raadiness
demand and the consequent ~,
with which prices could be Iolceu uo"i
wards as by any positive 1actona -. Gta,p'.
preston. There were various ne" 80 .,'' ,r
however. the digestion oi mniI n.cIines Of
complshed with poor relish 81 - t 10
one 10 three points were general at the
end of the day. - , hro,1I, ,
The rising money rate was ploduiH
effective influence on on 'th that gold EXPORT.
voIiId fIrther deplete the reserves "l
the banks next week, ti,e iloileS sitra rf
tion offered incentive to Duy STOCKS ne
fact that the steamer sailing from New
VA, ,,nvt Wednesday will land conS1gn-
ments in London only one day later than
the steamer sailing tomorrow SHOWS -
motive for deferrng shipments unt1i
than The rise in money rates here ana
tbo ga yiuo of time for interest allow
ances in transit would operate to make
an additional profit on the postpouemehl
of the transaction. Preliminary estimates
of the currency movement OF the Week
indicate excess OF receipts from the lnte-
1ior to the extent of several millions OIL
dollars The sub-treasury operations ; ;
have nearly balanced The S5,oeon nl
gold exports which figure in the bank
ing week will be partly offset, therefore
There remains the possibility of de.
duction Of deposits by scaling down OF
the loan account which would relleVe thS
drain on the surplus. Not only call loans
h1l
diCating the expectation Of continued
hrmness of money rates Time loans lor
nearly all periods were quoted i per cent
higher today.
The government crop report. publlshed
at noon. brought no relief to the stock
market depression.
The March statistics of the copper FRO
d,lcars' Association made another item
in the days list of depressing factors
Th, Increase of 16,636SS3 pounds III the
stocks Of copper for the month comes
in spit" of reduction in the daliy rate
of production in March. the deliveries
into consumption having fallen to the
Lowest figure for any month since tebfU-
AIRY of 1909. with the single exception or
September Of last year The severe sell
ing pressure on United States Steel which
followed the publication of the copper
figures was partly sympathetic.
Political discussions figured in the day
stock market. There was renewed con
sideration of possible supreme court
decision in the American Tobacco caSn
on Monday There were intimationS cur
rent also of Forthcoming utt"ranceS from
ministerial sources calculated to give u
more radical bent to the government pol
icies towards corporations. The action of
the Erie Railroad iii reducing It's Shop
forces and laying off engines was cited
as evidence of tagging traffic conditions
for the railroads. The similar action
announced today by the New Haven road
with regard to shop forces sharpened the
impre sSon made by the incident.