The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-11
lNANCTsL ,ND eOuHERrItL.


ire oniy rerprss that the stock uiarhSe
10 making are r~-ort. - dulne-- and
Inactivity Yesterday tho turnover IN
sto~s- va the smallest Tor q Ave how
-~--iou since Iuly lss To-day trans
actions totaIl-d but $3.50 share far loss
thar tho turnover on any pth-r Saturday
snc~ the depression following tho ipU5
baniA in,te@,i IA tiat .taEnant p-rtod
th~re ~u= q Saturday 20 compare wHh n
Moreover the range ~ tho market today
vas a. narrow ~ the trading wis dull
In only hfty different stocks were there
transact ions and IN only nine &c ths-.
did saler amount - OD shares The
little business tha. sa- done uriSina ted
within the walls OF che exchange and
represented principally retirement of cpn-
tracts CUSTOMARY tt no week end and
the only d-cluCtiun that could loo mad..
from n was that professional traders
and other confirmed spectators have
become A. cautious and h~-itrn' as have
investors and other sp~culotprs A.
the close the average ~ stock prices was
very close io the lev~l a. the end ~ last
week In th. entire week tho market
huctuat~d within the range II less than a
point and afforded ~ few opportuni-
any w-ek ~ the year
The statement ~ actual condition ~
the Clearing House banks was rather
better than had been expected The sur
plus decreased hut 81 Ip5. OnO. whereas
. decrease ~ ~. OOo. OsO or 81 .OOO 40 would
not have been surprising \ comparison
81 the statement Of actual condition ~ it'll
the statement NJ average condition shows
that the tendency throughout the week
vas toward Improvement IN condition.
the average alta te'nsnt displaying a de
crease of Oil. SCI 600 in the surplus. az
compared With 81. 7sS OOo IN the other
The surplus ~ the end of the week was
t2s tso.noo. The improving tendency
ahown by comparison Of tho two bank
statements reflected no doubt favorable
changes in the money situation which
developed IN the course Of the week
The movement ~ funds To- Canada and
New Orleans ceased and the local banks
we're called upon for very much smaller
shipments to other interior centres than
IN the previous week With some ~ the
interior centres the NOV ement was tuw ard
this city rather than against ~. and IN
addition 60 scattering receipts from the
interior the local money situation was
strengthened by the receipt Of SSnUsl
gold from Mexico Foreign exchange
rates worked steadily in favor ~ this
country, and here an easier tone dev eloped
IN the time money market with a distinct
shading in rates for the Ion gest tnaturitIeS
SiX months money loaned at ~ Ter cent
a. coy- "a red With minimum rate ~ a..
per cent for four and Ave months loans.
and in the banks the idea was rather
prev alent that on the s'Ibsidenc.. II crop
moving the prospect Of bulky and UNIV isdy
reserves ~ more probable than j. the like
lihood ~ any monetary strincencv either
during the crop moVi ing season ~ after
ward The reports normally taken -
indicla " the volume ~ business showed
. curious irreGularitv
Domestic deliveries ~ copper m August
were II .ODoOO0 pounds greater than in
July 10 the "a me month the untitled orders
on the books ~ the United States Steel
Corporation decreased t5iH.l tons ~
3 SS7 mo tons which is total l"sS hv
72O. nm tons than on June ~ and less
by 1875 ON tons than IN March ~ Marked
improv ement was noted IN the anthra-
cite and hiturninous coal trade. and per-
mits for new buildings m August called
TOR an expenditure ~ t~bF''HHl. As com
pared with as. Go .pO IN July and $40 Osn.-
mn in August Last year In the two
weeks ended August II also there was
a decrease ~ 23.0O IN the number ~
Idle cars. and grOs- earnings ~ railroads
in August. A. reported 10 date. show an
increase ~ nearly ~ per cont Rs con
trast with these favorable indications
bank clearing this week we're I3s par
cent. below those ~ the corresponding
week last year and Wer" N smaller vol
ume than IN any corresponding week
since iaot The decidedly favorable do
II the week have been the
improvement ~ ~" crops. at'ss'ad by .
the Government crop r"Inrt and Contin-
uing favorable weather tn. unusually
rapid movement ~ tho crops 80 market
and ~. decreas" ~ the i,rioeS II wheat.
corn, oats. cotton and provisions
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