The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-12
New York
Stock Market

New York. April li.--Persis,ont sell
Ing Of stocks to-day brought about tho
widest movements which have taken
place III several weeks on The en-
change. During most OF the session
prices ruled a point or more under no
cent levels. The movement seemed 10
indicate short selling rather than lio,il-
daticn OF long stocks, and probably
was insured by the belief that since
prices HAYS not improved on the re-
ccipt o. socd news recently. ii woulu
be easier FOR professional traders 10
dcpresS the market than TO force il up
No solid support was offered. ana que
tations gave WAY rather easily on mod!
crate unctinS. With only a partial re
tcvery before the close. While pro-
fcSSicnal manipulation was chiefly re
spcnsiblc FOR to-day's movement the
ready response pt the market 10 sign.
pressure. aud the fact that trading
was moro active on the declines. were
indications OF growth OF bearish senti-
mcnr. The statement yesterday Of one
OF the country'S foremost bankers that
he expected j protractcd period Of
dullncss found echo to-day in many
quarters where hopes OF speedy re
vival OF activity have hren resigned
Much disappointment has been en-
pressed that tho advent OF spring ha1
not brought the expected Improvement,
III trade
Some ENCOURAGEMENT was derived
fron the first returns, received to day,
Of the country's exports for March.
statistics covering exports OF grain.
meats cotton ana mineral oils revealed
m ircrcasc Of more than s3.oo0.Oou
from March Of last year. The gain
for the months OF tile fiscal year ended
WITH March over the preceding period
is Sl27.I&7.00e
rhese nsui'es indicate a further ex
"a. ,,ct,,, =
its abroad, in view OF the fact that ian
PORTS are expected to show the restrict
Ing effects OF projected revision Of the
tariff law. The export business of the
United states Steel Corporation is now
estimated a lG per cent. Of its total
nroduction and the export trade OF
the corporation this Year is expected to
the largest in its history.
Advises received from London to day
stated that the competition of Amer
lean steel products was being felt
kecnly in England and had resulted IN
curtailment OF production by some
mills there Dizziness in both the
stock market and business circles was
iefectcd III the money market One
pt the large banks was reported II
nave made a large loan for seven
months ats per cent. The foreign OK !
change market held steady
a ihc weakest features of the DAYS S,
tracing on the stock Exchange were 4
number of inactive issues stocks a..
INC icrtillzer group were influenced un-
IaNorably By reports of lower prices
Tor cotton seed products United Rail
WAYS investment and National Biscui,
hiso were especially weak In the last
nous better tone developed. With
support in evidence in a number Of the
railroad issues. Missouri Pacilic. nf-i
ter lis fall of u point rallied ana
closed with net gain on short Gov
erne.
The bond market was irregular. To f,
IA sales. par value, S1,35S, 600. United
states government bonds were IN
ehanged on call. Total sales for ,he
day, lSs,9o0 shares.
New York, April ll-Money on call
steady, rs W2i: per cent. ruling rate
- closing bid. ~ offered at 2as.
inc loans soft and dun: sixty DAYS.
= y q per cent; ninety days, oa4 Gr3;
SIN months, 3MSa4 Close: primo mnr
camille paper. 3si TO ~, pcr ccnt
S.tcriing exchange steady, with actual
business in bankers bills at s+.S415
Tor siNty-day bills. and at s4.SG3O for
ue'nand. Commercial bills. s4.s3s.
ga, silver. ass Mexican dollars, Is.
government bonds s,cady. Railroad
BOMBS Irregular.
RICHMOND STOCK MARKET