The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-04-13
New " rk
Stock Market

New York. April l2.--The action of
The stock market to-day was watched
with curiosity and some anxiety for
Indications of the wide effects OF yes
torday's action of the supreme Court
and the effect IL viii have In delaying
tho final settlement OF the anti-
trust cases Definite conclusions were
not arrived at by close observers OF
tho market, but enough occurred 10
modify the nrst enthusiasm of the
more strictly professional element OF
stock operators yesterday. IT was
evident, for instance, that the violent
rise in prices Yesterday had brought
into the market large selling orders
both for home and foreign account.
Side by side with these was an minus
OF further buying orders. The latter
were believed to be largely for short
accounts, including much OF the pu!
ing through commission houses. the
bears having become alarmed over the
sudden rise OF prices yesterday. 1t
became further manifest that the new
business thus invited was pretty wen
cleared up by the noon hour, without
marked effect on the net price lever:
The influence of the new position OF
the antitrust cases In reviNins am
nation in 'he speculation was mus
disappointing to those who had count
ed on an immediate expansion in the
dealings TO the volume OF past active
periods in the speculation.
The toning down OF the first effects
10 the more conservative view taken
on its effect by the financial and bus-
mess community at large. than ny
the stock market element. IL Is pc
lfeyed that every large corporation
viii feel itself prescribed in its plans
and in the scope OF its activities unui
the questions N issue in the anti-trust
cases shall he defined and settled. IN
several specific instances, dehhlte pro
iects already formulated must be held
in allegiance until the supreme Court
decisioen in these cases is handea
down An early decision would nave
been preferred. therefore, 10 tue M
dcfinite poStponemeGt involved IN inc
fehearinr ot the cases. There remains
an apprehension that repressiNe m
fluence of the same kind Will extend
10 general business activlhes ana VIII
join with the effect OF the polltiGai
campaign in restricting cohtnercl"l
and industrial activity.
other new developments We're oil
mixed effect. The resor; to arbitration
of the parties TO the New YORK Cen
OF the confidence that labor trouble
would find settlement without WIDE
spread strikes this year. The pros,
pect OF agreements in the soi' COZ It,.
mining controversies detpenou mus
conviction The rising tide over the
immigration figures were accepted as
evidence of a promising Industrial out
look The public PronouncemenlS OF
the executive neduS VI tliS
states steel Corporation and the
Amalgamated Copper Company. pro
Tossing satisfaction with trade condl-
lions. seemed to be taken with re,
serve President Ryans hopeiui
analysis OF copper trade conditions
encountered the falling price OF COP
per metal in that market and Chalf-
man Gary's incidental reference TO the
falling off in untitled orders on hanu
10 he shown at the beginning OF the
uc-t quarter received as much attention
AS his claim for rising scale OF or
ders in the current business of the
norition There was perceptible
moderated confidence in the prcdic-
lions oil an increase in the next diNi-
dend on United states Steel,
The gold engagements for to-mor-
rows steamer did not arise above Sh-
0OU.000 which was considerably less
than last week estimates. There was
q corresponding decrease OF apprehen-
sion over possible depletion oil TIE
rank reserve from this cause.
Bonds we've Irregular. Total sales
par value, S1,677,000 United States
bonds were unchanged on call.
New York, April 12.-Money on cal
ing bid, 5; offered, Sid. Time loans
very dull and steady; sixty days ano
ninety days, 4 l-i@4l-2 per cent; sly
months, 4l-iMi L. per cent. PRIME
mercantile, &-4@5. Sterling eNcnang'
steady with actual business in bank
ers bills, at S4,St05@$+.S i2O for .siNly
IL