The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-03-13
FINANCIAL AND COMMERCIAL.
nAruRpAY. March Y.

SATURDAY. March y.
Among speculatOTs in the stock market
The 'eArecenfton was general that the
h~arish operations conducted Aggres-
siyely aud extensively yesterday would
=. ~ resumeSi With equal vigor and daring:
hut no h%ar attack developed. and speou-
Istivs purchases having been deferred
Nv the anticipation ot TO- the market was
DIM thruughoui the session In a light
Noluui" ~ trading the market was gener-
ANY firm and &C Tunes strong. and the
..Uss snow I'd more gains than loses on
'ns dav In practically all CASES. how
-s''; the gains aud losses we're hut frac-
tlonal. and most OF the transactions prob
ATTY represented that week end retire
tneui 1T commitments which Is customary
among professional traders and other
voutrm.d ~l.-'ulatoTs on the eve Of a
hchdAv steel common. which hest re-
sisted the RAID nn prices Yesterday, was
~sa~~trrnE throughout. at all times selling
above ts closing price Yesterday. In
Efear part undoubtedly its strength was
"A, due IA covering of short contracts. Tor
81 ~hi'h a reason particularly applicable tn
this STOCK VaS found in the circumstance
fhA' 70 sriis eN dividend a.. per cent On
Tu~siay tI,erican Telephone and Tele-
sss, lrva-h and New York Central. advancing
a. fEHOtynualy. gave faint responses tn the
: favorable financial and operating condi-
- Z. fiOns presented in tine annual reports. and
=. though trading in the stock was light .
gfeaJ deal OF attention was directed Ia
-. American Telephone and Telegraph by
s. the announcement Of iha plan Tn increase
- the capitalization from s1OO. Ooo. on TO
- $50 ~ $50. The increa-s ~ in accord
rge-r1s>s With the declared policy OF the com
-, pany 10 secure control of independent
ssfs sosnpanle~ wherever such control may he
49,. legally acquired. to compete aggressivelv
"a etes-h~se and 80 improve the system tO
: =. abe maximum OF efficiency. In accord
- Rtfn with the same aggressive policy
~. there was announced IN the course OF
market hours the sale Of - .0oO.c0o bonds
-, and ~ OD.OnO notes by the Pacific Tele-
-. thone and Telegraph Company. an in
- rSgsans subsidiary ot American Tele-
y pipeae and Telegraph. and one whose
. !. competifors had made fhe greatest in
zoe ~soads upon the company's business.
!. ~ News Of market Importance az regarding
~ Hny other particular stock was lacking
The weekly trade reviews we're Gen
~ orally favorable. though in some sections
collections were reported slow and there
~ss crns'dersbls irregullrity IN the
trade Improvement A. indicated nv
nank CleiringS. the weeks trade wea
greatly IN excess Of business in the
49, aNuINN-Ilduluk week Art yeFrr Ctetftnkr
q. tbtr week showing increase of ~ OO7.
2 nooOOo. az 20 per cent. over thnse for the
90 corresponding week of Isa. The inn
go prONsuuent uf tlIe business of the cat
o. eqIipment COMPANIES and the steel CON-
.-Tur9ntes WAS again IndioStei ia large
"rdrus placed by The Chica 60. Milws ukee
and 81. Paul and the Ro,k Island systems.
tie order ~ the former uniting -
G.S00."NO and Icing the largest - the
year The bank statement of aver -
- orccociiion slso~cd a decrease of sssI3.OJo
Nv the surplus reserve; that or actual
z sCndition a decrease of SS.72fOO IN
40 @xpansion oi loans was expected because
- n the sTest smount of new financing
~ accomplished this we,,s. but the incre0 80
g Al 90 81 ~ in this account. as shown by
- I, tiss ststsmcn, of actual condition. could
- not hs Considered under the circum-
- stsuc~s unsatisfactory or unfs vorabls.
y ,Sesthsr. VA view of the complex money
49, noNeueuts attending the numerous bond
safes. was The reduction N reserve ~ all
ifnfsvcr'hly regarded