The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-19
New York
Stock Market

New York. April lS.--Not since the
stock market was thrown into confu-
sion by the decisions of the interstate
Commerce Commission against the
railroads in the freight rate cases. in
February last. has there been such ii
wide movement IN stocks rs occurred
to-day. Bear traders took advantnSe
OF variety Of circumstances to In
aucuratc a bold ana effective raid, and
the market, was aroused from the
iethargy of recent weeks. Tho hears
stocks. and prices melted rapidly.
& Losses among the active stocks. smch
as Reading. Union Pacific. United
states steel. 81 Paul. Mi+ouri Pacinc
Iahish VALLEY. Norihern Pacific. Nor-
folk and Western. american Smelling
ana .Amalsamatcd Copper, ranged from
ono to three points. Some OF the snc-
calries we're heavier losers. National
Paul and Sault Ste, Marie q In the
last half hour prices rallied somewhat
on covering. hut only 4 small part OF
The losses was made up
The selling movement began in the
hrs, hour ana was directed chiefly
against Missouri Pacific fntcrooro-
Metropolitan and the fertilizer shares.
The success which attended the move
brarS TO WIDEN tho scope OF their opcr-
htions. and during the second hour OF
trading the whole list fell off sharply.
Tho numhet Of shares dealt in luring
iiS 1OuI " - as tdlSt as tIlc lDtii INl
the entire session Of yesterday. and
during the rcma inder of the nay the
market Was active. tho days business
being one Of the heaviest Of tho year
Souri, Pacific st. Paul. Lchi-h Nalley.
New York Central PENNSYLVANIA,
Southern Pacific, lntcrhoro- Metropolis
tan, ANA Sanate,l Corner and A:ne"i-
can Smiling, touched the lowest points
III tic Year rho decline induced con-
Siderable liquidation. owing To the
closing OH Of weak bull accounts and
srllins by pools which have hecn ac-
tain industrials
The chief factor in to-day's market
appeared 70 be the Mexican situation
Until to-day the street had no: been
but the tenor OF tho latest nows IN
abled bear traders 10 obtain effective
support from this source for the first
time. Tic days news from Washing
Il more acute phase in our relations
with tho Southern republic was al
hand Mexican issues were not nate
rally affected. however Intarbcro-
Metropolitan was sold chiefly on nc
count of tho latest turn in the LEGAL
traction situation. indicating that tho
company may not obtain thc conces-
sion for constructing the new subways
Missouri Pacific was adversely iniin-
enccd by persistent rumors or friction
within the company, There was furt''or
heaNN Sclllng OF the fertilizer stacks
Witch suiiiccd from repetition OF re-
ports that dividends on one or more
OF these stocks might be reduced
London. which has been doing little
in the market recently, was reported
to-day to have bought moderately. OF
Union Pacific. Northern pacinc and
United States Steel. MeXicun Issue 8
were affected severely In London ny
the insurrcction. Americans ndrinccd
carly in the session there. fell off after
the opening Of the New York market.
An unusually favorable weekly state
ment was made by the Bank or Ger
many. II showed an Increase OF
SS6ioooo in cash and a decrease In
loans and discounts or moro than
s35. 900, 900 ~
q The bond market was irregular. With
3 lower tendency. Total sales par
value, S3.Qi3.o00. United states bonds
unchanged on call. fi
j, Total sales for the day, $4,000
shares
New York. April ls.--Money 3n call
steady; aNi-i12 as per cent; rulins
rate, . Ia: closing bid. INA offered
81 as rcr cent Time loans uuict
months: ner cent Prime mercantile
naper. . l-2Mi ncr cent. Sterling cx.
change steady. With actual business in
bankers bills at Si.Si25 for sixty-oav
bills, and Mt s4.S655G s4s66O for de
mand- Commercial hills sI.S3 ~.
Silver, % Is. Mexican dollars -.