The Washington herald., 1910-04-20
WALL STREET NEWS
Advances and ReceSSiOnS of
Day About an Offset.
COMMODITY MARKET IS DULL
On the Cotton Exchange Curiosity
Exists IA 10 Reason for Govern
ment's Effort TO Break POOI-Fur-
Their Large Exports OF Gold An
nounced-Notes and Gossip.

New York, April 19-The inertia present !
in the stock market to-day was sufficient, |
It seemed. to prevent It from moving in
a sustained way in either one direction
or the other At first prices seemed in /
cllned to follow the declining movement
OF yesterday but they rallied almost i'm
mediately after the opening Of business
upon the discovery that most Of the sell
ing that was carried on was by specu-
lators for the fall.
Then the market sagged of. and in the
late afternoon again recovered, leaving
closing quotations en- irregular mixture
OF advances and recessions which were
in few cases among the active shares OF
any Importance whatever. The commodity
markets were likewise dull and irregular.
wheat advancing at first and then show
Ing weakness in all the options save that
for the May delivery OF the staple and
in the main the influence upon tie price
OF grain at the moment seems to be the
favorable prospect for the seasons crops
not only in our own country, but in other
lands
Seek Reason for Suit.
On the cotton exchange curiosity as 10
the true reason actuating the govern
ment's current effort 20 break" the bull
pool in cotton and as to the eventual
result Of this attempt was, as was the
case yesterday. the chief factor in the
speculative trading.
Really about the only matter OF general
financial news to-day was the announce
ments at various times throughout the
DO. ~ +tr,. 1-~po a,vr,o~+r Of cold b,rt
on the other hand these matters appeared
TO possess little interest for the major
portion Of the financial community.
The engagements Of gold for to-mor-
rows shipment footed up at the close
OF business a little less than 100000. The
original amount was larger than this but
some or the earlier engagements were.
during the day. reduced. As it stood
when official hours were over S},ol0C0O
were 20 be shipped TO England by to-
morrow's steamer, and $lS0o,o00 20 Brazil
and the Argentine Republic. South Ameri-
can shipments, Of course. are substan-
TALLY the same as shipments 20 England
inasmuch as they are made by bankers
here for the account of London firms.
Money Market Quiet.
SO FAR these gold shipments have az
fected the money market but little. and
indeed. seem 20 have affected the market
favorably if anything inasmuch as they
have eased the situation in England and
resulted in abating the demand there for
the yellow metal
Sterling exchange here to-day was. how
ever somewhat f1rmeT, and IL is euU
the expectation or our bankers that gold
exports % Europe or 20 South America
VIII continue for considerable time
even If not with the great rush that
seemed likely a few weeks ago Il is
pointed out that so far this year such
exports Of the yellow metal from the
country are less than they were in the
same time last year. but this does not
make the fact any less plain that in these
two years our country seems 10 have be-
come n steady gold exporter, and that
this situation of affairs is decidedly DIFF
ferent from that which prevailed before
that time.