The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-10
SIA,NGIAL AND COMMERcTaL.
SATURDAY. Anil D

SAIrRDAT, April D
whr- "a the f"rc part of business to-day
tn STOCK ma rket DEVELOPED renewed
w.a.ne>s the general tendency At the
rnn, -mant Il pr,c,'- Tor the day ~ a whole
uas 'pward greater steadine-s than VAS
.aosu Yesterday. bn encouraging ~
T.criun- drawn from this circumstance
49, rg,h Il their meaning Ivy reason -
m. iac' that the recovery was obviously
~. fn gT~si~-, measure merely To the
rurrha.-- II stock- by spsculatprs Tor
The fa1 m pursuance ~ their usual policy
- wrnding up their CONTRACT. At the end
a. each week There Were few " any
,rdlrariuns ~ purchases for the ri...
p-oisr. Nhil. Investment orders IN the
market provoked nv Yesterdays and
to-rtv's decline wer~ again wanting An
unusually strong motive for h. recovery oT
stocks "fthe nature specified was &c course
Afforded by the relatively large declines
~ yroes made sine. the oyIeninR 1T h,l-i-
nsS- Yesterday morning A. the same
time net changes IN market prices to-day
u~r~ after all irregulA- Among the
.AhinE stocks the Reading common
star.- SEEMED particularly heavy. whil-
Q, great strength a. anywhere exhibited
Wa shown IN United States Steel com
won although even this issIe only made
net advance % half point The day was
-rhoui any striking news. The London
market wa- irregular. fears s-,.minR TO
h. entertained there that a threatened
money stringanCy here might stop th.,
= IL
much needed. The first announ c.ment
~Karding next Wednesday, metal ~
mt,ances was made IN the shAp~ oT an
export engagement ot 81 .5HD0D sterling
exchange was strong. The grain market
wAs inclined tn frnne~a upon a more
p~~sImistic Interpretation 81 YESTERDAY
Government crop report than prevailed
81 the time the report was issued Th..
American Railway Associations fort
nightly report a. - the number Of LII.
freight cars exhibited the rather lar,,.
increase IN the nuiuler Of ihs,-.. cas-
~ ta2 per cent over that shown m the
last report. Al that could h. sad ~
ths weekly hank statement was that u
a'tested the uSdouh;si efforts nov beIng
made by our bankers To - arrank. mat
t~r- that the large prospective losses
m cash on account 10 gold exports Oh ouId
occur with a. httle disturbance a. possihIs
20 financial Affairs here The average
figures ~ the return exhibited a cash
loss by the hanks of 81 79a.Op which.
although counterbalanc-d by a decrease
~ loans ~ ss.27LoO. resulted IN a de-
Grease of st.I7s.00 IN IN. hank surplus
shifting ~ credits ~ the week and and
she Use 10 other expedients resulted ~
. decrease Ut nearly s2o. GDOsI "a loans
IN the actual statement. which with
d-cr~a~a Il only a littl. over sIOpl .'sO
m cash. resulted in an addition 10 th..
actual surplus reserve ~ 81. III Ba The
showing however considered hardly h.ar-
ont the predictions constantly mad.
ri lat" that s2S.Oo.00 or even more can
- spared from this CENTRE al the present
tune without causing any particular
,n"r.as" in rates for the Is.. Il funds
The exceedingly poor statement -
condition made by the Rank pf England
'his week. which made Il nbvioJI- thar
either The great institution must gam
gold heavily from some quarter IN the
near future or else make "A further all
vance m it, Discount rate: the pIbhca-
non It the Government cTop report show
nk AN unusually large decline ~ the con-
ditiOn of winter wheat -inc" Da-sml,.r
/ and the fguT.- ~ the American topper
Producers Association, making ~ clear
that the produCtInn 81 rupI-r IN the
country IN now running heavily m -Vo---
~ consumption. haV" h-.en peThaTs the
mo~t notable specific Occurrences Il
hnan~al importance during the week
It NAV ~ questioned however. whet her
= more influential factor than any ~
those from q stock market point of view
has not h~~n the spread II a general
unpressiOn that BUSINESS IN the country
taken a. a whole - not a. brisk as u was
-Arhar IN the year Basis for such a
feeling was at any rate Afforded by ths.
summary 81 trade conditions Published
a. the end u tho week nv Bradsfrsei- =.
q Dun a Co and other commercial
authorities Thee were IN the main
o. N" effect that cooler weather was
checking retail trade. jobbing was quiet
ard fsl! business Tepr"saTd. general
lo~s ~ atrenEth IN the comIhOdity markets
vas recorded. and u - now admitted that
N" weakness IN pig iron that has for
MANY weeks len a pronounced feature
~ m" iron and @tnal trade has extended
O. many lines of finished steel material. q.