New-York tribune., 1911-10-10
FINANCIAL MARKET
Lower Bank Reserves Fail to
Strenqthen Money Rates.

was without much effect upon the gen
eral list in yesterday early stock tx
change dealings. losses when made being
confined TO small figures and. as rule
thew were fully recovered before the
close. Traders sold Reading and other
anthracite shares on the strength Of the
government suit against the so-called
hard coal combination and on the theory
that with the expiration Of the agree
nent between the miners and the mine
owners next April difficulty would be ex-
Derienced in reaching a satisfactory ba-
sis for future relations between the mine
men and the producers. The suit against
the coal companies IN the Supreme
Court. which is an appeal from the de-
c,sion won By the companies In lower
court. is not likely 20 be decided for
mani. months. and the Street is begin
ming rather early 70 discount victory
for the government. while the same
thing NAV be said u tts selling Of stocks
on the assumption that trouble viii de-
velop at the anthracite mines next
su~ing. In addition 20 the so-caLed arr
c-,msnts named traders found in Erie's
earnings for August reason for sales OF
the compauys shares. but their efforts
m induce foundation in these issues were
NOT successful. while In no part Of me
list was there any response 70 hearish
operations.
The Erie showed q decrease ln ret
earnings ir August for the first time
In several months. but the loss was ale
most wholly 9uA 20 the couparv's policy
os making rneraI charges for uainren-
ar-e. the exrenditures on this account
being 800 11u ahead 0f those reported
for the same month last year Govern
ment crop figures rejecting conditions
as of october I showed improvement In
septembe- and a generally higher esri-
mated Weld. corn. for instance. indlcar-
ing harvest Of 2.159.34s 900 bushels.
agsins- 2736. .s45. 500 bushels estimated
az the close Of August. and incidentally
-.-.-5 r,-,.s- o-o- ave- r7tre~ed in
,La r,--,-, - tho oorn---. THE stock
and Grain markets paid little attention
~ the harvest estimates and the COP
7e- shares on rIe stock Exchange were
- -.- .r. ~,-,o- r3-odr0a-s'
-.-..-- -.-.-.--.~+ e-- ser+ar-1e-
.----..--- .7,.--o.s. .- g-,ol-e IN hand
.-..-.. ..,s..-.f,,. i,, 7,,o-
'' -' -1- .z--..--... ,5srf.-s-.as
---'--- '''-- g. -. -. .-. --e-sr
& 7-' --1l s.,..-- 80 .- .v-
'elHN --7 4-..,-.,,-7 o. >-.,r.
ports ---7 -.
'---e' oa97~ va --....--- e. -,,.,.--
- -D7 ,.--- ...,-.--... l,-.-.
-'77 '-- ---- -. ----..,.,..I 49, s+,.l,e
Line nc ~ = = ~ ra-. -s-s~-,o-, nor
49, --.s[--.-s+i-s, s+ --s close
r,ro -o1ro,ior in the reserves Of the
-.-.-g ,.-,.. 90 e1c,-- in sa+r--
- r4.,,se s-s-s-,er- --ae
-aS -. ..--- --o,e, -s+as IN YES
-'---- --,.-. ,...,-.-t--e s- I'm do
-ei 1@' ..-.l..---.5 60 las,
pa- l-.-''--- - s... .o.o---,o-
"eeA = '07'--7 49, e,..-----.- 80 -
-a'iO-- - -. - -b. i--,-,o-
reHcy s--- -. - ,,,,-
are Hea''7- ---'--- 49, -.
the lno'e'--'.--' - .t- -
large D-0l'- - %. -.rs- 80
pDsi-i-'' 80. ~ an i,--ro--s74
0-1i07 '---' - r,- go s+ ,,,--cs-
M - ocsl rarkers would well
'o''' - ...-,5-a,rsIs for interior ace
-''--.- s..--ba- gols a,,rovr- pa Fill
-o-o--.5 ,,asrerdev that
~ -. ,--.,,5 end cold m London ir
49, - r-sak bar sterling rates
- ro,,o ~ advance materially be-
.--- -.t an orararion could be con-
.--s..t,l,. az the r-oser+ quota
+g-1-g ,.rrs 10 for under r-a
-o- - --.,
7.-- 7'.'. .---5.,- .''7 f.-s ,-..s r,- money