The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-10
GOSSIP or WiLL STREET.

! GOSSIP or VAL STREET.
| 1osp spectators yrs'eriay's market Wls Of
much greater interest and imrortAnre Tran
u the Ordinary saturday magnst Ia tie sam
me- months he vastly mVoT'au tON .
eminent ron report had come 80 late In
Fridays session and rad accordingly osSn
acted upon - Impul-,N elN that r'vIE one
wanted 10 kuoW Nnat ~" market N"nh
do after men had had tim" 10 aualFf" '.."
rcgor' and 20 consider WatGr~.F - prom.
attic eject ON market values Nput"i-
lclorr the OPENING were v.u",N dI."."i'
Mon VINO ha.. Re, onic ~ Ic--lu.I-'I' a~ 'n
he mentally ot-"ss.,d believed that the
market would btruk Wld" open on account
OF the extraordinarily bad condition "i
spring wheat and thts OF uiOn ~"rue'! tp o."
held by most 81 tho profess iOnai-. ~ an"
rate ihev riiied the market a. Nigor"u~N
a. the opening a. Jh"y had ia the last hali
hour On lfidar. ., Iden'ly believing That
their operations would bring widespread
liquidation
The liquidation failed 20 follow Instead.
oE"TIngs OF -to,S weT" :" readily taken
IN tn. early trading ami buying was sab
se'sIentlv 81 agEr"s~,,c that ne 'rv '"'
your stocks bacA' was heard IA most "t -"
hear houses and among professionals on 'u"
floor The sto'sS we've hard iD get only
~ lrisk adyano N prices .Uuld they b"
~a.urrd. and y, WAS - .d.ui that ~ Tar "a
crop prospects are concerned -uiH" pr'i''
important men thought that ~" .t'.o"h
for a record cora crop "C-"' q" ->nl" "''"ni
or entirely the pgo-g"'' 90 a very POOR
spring wheat crop ,Iso o. ~.cn''i q" ."
- dent thai the mar.'t lad r"'Uu." -.t'e'l
with hai news and that -" ietri-h temper
~ tho street had resulted IN a heavily over
soli 'nndition with au ace oiupaGElas short
interest that Vas very vulnerable.
The ultra pessimis,tc OPINION. ACCORDING
TO rather CirCum-'antitl report. '-li '""n
held not only nv tho rank Hud flo ~ ~p'.'I-
lator~ but 10y som" 'unu'.cT- of ,'r-id'r.
able wealth ant tnnu"u." On" "t thee.
according 20 ~" reports. 'owpi"t''! early
IN trs week "a" nqU.t alton e % 'ts I'm" "i
~ Raul and nc Har-I" ..u Stock. 'h' "'h"f.
Who j. , nig holder OF ~. ti-ou. vas -H.i
10 have ru' down o.. In" ~ mat -ip,- - 70
gualifytus rsihimur. I.n'u OF tt,'u E"r"
-ald To have ALLEN rnt' u..." igr. Zen OBJ"
Interstate ,owrIer'" commission '".. IDIOT
the " e-t.rn rate case against 70" railroad,
and II have believed thai ~" on" correct
opinion VA that the husln" "i 49," country
va going 10 ~" doES ~" declaration
o. The regular N,hl-on dis lI"ud was SAID
70 nav. hasn no more pleasing 20 on" 90
these men than 10 r"ari-h ~p',U'1fUr-
In,on-riou.ly hotI OF then. a. tool greatly
IN getting the market .n'u Iu oN"r-uld
condition
Tho contrast he'arcu he action 90 Avail '
ganra'"i and Annrpndr Yesterday vH~
Am,I-umat-i advan, 81 and I
anaconda declined Now that -" merger /
under Nna,onil T. effective practically all !
OF Amalgawa'"d'- 1trniu - com" from
hnacondl'- divid"n!- Normally. there !
for" weakness m anaconda should prod 1901" .
N"aAu"-s M Awalgama'"i .
The only explanation AMI doubtless ~" .
correct one va. That Nu.tIgainat"d. which &
j. NOR. Of "a -p",IlatiN" stock than j. Ana
conda had been heavily o,"r-oid anf az /
,tncrI IN short ,oy"rlus. niil" anaconda /
dee lined on .at'"r,rs liD .l.iatIon induced .
Nr thr yuflNoruhl" report II "a" ,opI.r .
Producer A-.n,la'iou oa Frida"
The hank statement was favorable he .
vond a.. "vp"y'g'ions Ndvau," knovl- .
>ige OF i's p'rpor' may haV" led 10 some .
NJ the buying IN he late trading AFTER .
he .o-e o.: business On Friday IL Vas widely p.
predicted that the statement would show
a complete CELEBRATION oi ~" SURPLUS
reserve and no one Nru'ured forr,a.'
ri an increase IN the surplus A. - 'urnr.i
Dur the statement 81 actual condition 90 .
he close 81 business on FRIDAY showed IN .
increase % 80 uNH 90 IN ~" surplus AMI
n - - iavorab." a. % wac surprising The
banks show 81 a contraction VI gi.Ussi 'sp 90 .
he loan account. which was almost exactly
mat he'd by decrease in deposits and al
he same time that loans and DEPOSITS were
'hrtnking gainei .. SIu uf0 cash The SUI
bus = now more than So 90 .no. " hi,h -
'url"ien' 10 allav fears Of monetary ,'r.n-
,en,y m the near iutur"
For the first time In several weeks tho
of the country bank ,!sarlnC-
howcd a de- ided gain Though the rr-'
lay ~ the week vas holiday. ,lsariug~
we're sac upO on IN excess - the ,.eartng~
or the previous week and % ter cent
Trea'er than IA the ores poniiug week
as' year The higg'-' decrease Nas one
Il ~ per ,en' IA New orleans Other
s.~a increases IN the htg cities N.-" 'H.rI-
inform sew York. Fnradr'pnA AMI
'uIoaGo showed gains. though iat'er'y
here has IN 'uos' N~"K- h..'u a decided
.ITsr"nr" between 3D. reports from iasrcrn
nj Western 'I'le-
The bnlrishn-ss ~ New ~'ree' vas well
.i-pIay"i hv twenty weekly Iet'.-S ~
horses aiken ~ random seven.
~"n Of fn"-" we're decidedly n"ari-b. two q
."Te n1n,omw,''al amt u's pi." .r-
,.-ar,p MS al -at TO f4urtlr-a Of -T.,...- Is