The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-18
New York
Stock Market

New York. April l7.-The level OF
prices on tho Stock Exchange was
barely disturbed by to-days trading.
Liquidation IN few issues. par,icu-
harry the fertilizer stocks. was almost
the only noticeable movement OF the
day. and Il had no effect on the general
market Trading was more prosaic and
,!ss!ess after the three-day holiday
tlla,l {, was las, week. and the amour;
OF business fell close to the low point
OF the year
rheyc was the usual hesitation which
has Characterized each OF the supreme
Courts decision days" for several
weeks. bu, when word came from
Washington that no decisions were to
lie announced in the antitrust cases
The market did not respond with the
burst of activity which has been Gus
,omary, business during the remainder
Of the day being even dmller than in
HE morning. The tone Of the market
was heavy throughout the day, ana
sligh, rises were the rule, with mate
Yial declines in some of the inactive
issues.
While the financial community was
disposed TO view the Mexican situa-
lion With The same lack of serious APP
prehension which has been shown from
the beginning. the gravity of the
present situation was undeniably Il
factor in restraining speculation.
;toek OF the National Railways of
McNico sold OF slightly, but hardly
more than the rest OF the market.
Missouri Pacific Was under pressure
during much OF the day, and declined
sarply. The only other Gould securi-
ties 70 be similarly affected We're Ma
bash dehcnture As. which yielded the
Sanie amount. Selling OF the fertilizer
stocks continued steadily during the
day. and II WAS said that an important
bull account. created in connection
with ,he listing of Virginia Ca rolina
Chemical In Paris was being closed
out.
The utterances of the chairman OF tho
United States Steel Corpor alton at the
annual meeting did not present the
situation in new light except that
they save official confirmation to re-
ports that business in the last fore
night had been slower. The statement
that business at present S large ana
should be considered Satisfactory"
was not construed as bullish. especi-
ally when II was followed by the re.
mark That the business OF this month
would be less than i'll Marci United
states etccl shares closed at nearly
The low point oil the day. Foreign
exchange rates continued firm to day,
making further slight advance from
the higher figures al the close of last
week The iirmness in exchange rates
apparently due to increased activity
and the hardening OF disc ount II in the
LONDON market In this market time
money was still lower today. the CON
riusion OF the mid-Aprll settlements
mid the return flow OF currency from
The interior, as shown by Saturdays
hank statement, bringing about rur-
tier ease.
The complete foreign trade state
neni for March, which ca me out dur
ms the holiday, was not of character
70 encourage bullish sentiment. even
though the value of exports broke all
records for the month. Imports were
the larges, on record except last Year,
and the excess OF exports amounted
20 only sae,SI9.oo0, whereas the March
balance In our favor on occa sions has
exceeded So, 100000. The statement
Was disappointing 10 those who nad
had expectations Of hugo export bal
unces.
Advices from the West gave no IN
dication OF substantial I'M provcmcnt in
trade conditions, although il was sJ7.,.
'""t t!!tie Was mouerate improve
nent in the tonnage movement on
some railroads
Bonds we're irregular. Total sales,
PAR valNr S2a67.oOo United states
Donhs were unchanged on call Total
saies RI ihe day. 1890 shares,
Ncw lork. Aprn i7.-Money on call
steady 2M rs pes cent: ruling rate.
- closing bid, III. offered at 23-S.
NYmc loans quiet; sixty days 2l-2q
2H-4 per cent; ninety days. !. 3-+G3
siA months IA. Prime mercantile
P"ReE'Ia." III 10 per cent. Sterling
exchange nrm. with actual business in
bankers bills al s4.s130 for siNt:; day
INNS ana at s,.S6ha T+.Se6o for dcIna nd
Commercial bills sis3 az Bar silver.
III Mexican dollars. As