The sun., 1910-08-14
FINANCIAL AND C0MMERciAL.


Eh"NNNhaNh "" W." '" " Nv hfs@'
SATURDAY. Angus, n
Stocks again advanced "a ORDERLY fash
ion in the twu hour session TODAY Ia
the las, hour ~uul- e the .ariy gains we're
diminished nv realizing sales customary
AZ the close e "A Wcsk business. tut the
tone was strong az ~" Gloss" and irac-
tIonal not gains wer" scored IN most ~
the active stocks Amalgamated SIn@h-
ing and RnhuInc which was wcIN under
heavy selling pr"-siIr" yesterday and the
day hsfur". was the strongest of the
active stocks with an advance of more
than two points. which brought II closer
up 20 the line NJ advance reached hv tho
lther active stocks The only InHpira-
ton the ifnaTEet could have derived from
thS days news was from rep r's affecting
CsTn and cotton the two crops which are
now watched with hv far tn" greatest in
ierest Tn" tenor at these reports Was
altogether favorai L. Rams wet of tho
MusslssIppl maintained OF Increased the
improvement made to the corn crop
since the nTSt uf the month. and IN the
South conditions which had n"en reflected
N strength in the cotton options ~ Vra.
vious days - tho week WERE r-mrd,ed
"a considerable cNtent by more -uItahle
weather Both the corn and tho cotton
options for the new crop months were
deCidedlv weak As The closing dHy "
the week. thus indicated AN Improvement
IN the crops. so statistics available to-day
showed "A healthy Increas" IN the move
ment of the CTups Ia market lhes~
statistics. prepared nv tho American
Railway Association. showed a de-, reasa
nf q. .OoO IN the number If IDLE cars on the
railroads Of this country and canada
more than half the deCraese being due TO
greater employment II box cars in the
movement Of the Crups As had been
expected the bank statement. published
after the close of IN" market showed an
increase in surplus reserve though the
increase was not as great as had been
indicated by the forecasts In the actual
statement of condition a. the close of
business yesterday the banks showed an
increase of about 81 .OOO OOD IN surplus
reserve. q gain Of SO. 700 zoo IA cash an
expansion of $50 $40 .OOO IN the loan aC-
count and an increase of S3l pn.D-O ~
deposits The surplus now stands a.
the unusually high figure oi $50 ,HN. pp
which would seem 20 Justify further
easing of time money rates notwith-
standing the fact that tn" hanks will soon
begin the shipment OF funds 'u IN. m
terror
The week witnessed an orderly upward
movement IN stocks and one that wnS So !
well maintained that none vt the re- Ctiuus /
was At all great ~ significant IN" +.
strength was greater m m" rails than IN .
the industrills. the former gaining AN 2
average Of - "A share. a. compared with b
not quite g. shar" for m. rndu=trli- .
Unexpectedly favorable financial state. ,
ments for IN" last year by the only fpUr .
railroads masking such statement, tended .
IN IN" closing days uf the week - direct
bullish speculation toward the railroad
stocks 70 greater eNteut than toward
the industrials A. concerning values
~ both railroad a nd industrial -tnck-
altogether the most important news Of
the week was contained lu reports from
crop sections. beginning with tu- Govern
ment's August crop report on Monday and
continuing through a series e favorable
weather reports 20 the close ui m. we"s
These latter reports show ei bevpui doubt
that the unexpectedly favorubl" showing
~ the Government 'ppOif had I,."u nal'f-
tAined uT improvei ~ the day that have
passed since the dare. August - #
which the Government report wa- I-srl..i
and tended still further "a allly whatever
fears had been entertained regard.aS tho
final yield - the moro important crops
The CONSENSUS Of trade reports INDEBTED
that the contraction IN general husIn"-s
continues. but none ~ them -hpw..d tuv
great reaction. and IN retail trad. generally
there was indicated "a slight lmu-uy"mar'
a. a result ~ reinsurance over N" crop.
The tendency 81 money rates was p ward
greater ease. and the banks though -uIl ]
applications very closely
were DISPOSED O. lend more freely IN time
loans s.cursd hv commercial rlp"r -
veil az on Stock exchange collateral