The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-27
New York
Stock Market

New York. April 26.-Accumulation
OF 81 ,cks$ continued to-day In SUFFICIENT
volume TO cause another moderate adj
vance IN prices. The action of tho
market was much the same as on the
other days OF The week. with hesita-
ton and temporary depression NJ the
opening, and Il subsequent slow adj
vance. On every decline of recent DAYS
there has appeared keen competition
for stocks ut tile lower prices, whlch
hes bronSht about Il quick recovery.
To-day's market was somewhat brosi-
or. the demand extending TO special
tics such as the fcrtilizer, telegram,
electric and traction shares. Short
covering was undoubtedly Il factor.
and there were indications here and
there through the list that the short
interest had been ovclcXtcndcd. The
bulk of buying. however. seemed for
the long rather than the short nc
count.
Among the market leaders union
Pacific and Reading We're Especially
considerable bullish activity in The
Canadian group. various Southern
stocks and the Fries.
United states Steel once more was
the disappointing character OF the
earnings for the last quarter. as an
nocnced after the close Of the market
yesterday. The stock was sold heavily
from its early depression. The state
ment of Chairman Gary to the effect
that plans for the manufacture OF wire
products by a subsidiary ina
plant were being held In allegiance, and
might he abandoned If those products
We're placed on the free list. as pro
OF Representatives. came out too late
to obtain Wide distribution before mo
eiosr Of thN market Proposals. Cor
Sufficiently Far as set to give Mali
Street ans apparent cause for unrest,
md comparatively little attention has
been paid 10 this phase by the political
situation. Chairman Gary's statement,
however, is expected to bring forward
this subject more prominently for con-
sideration. FL
An Important DEVELOPMENT Of the day
rious issues of bonds. including many
hemt-speculative issues. Sales of
bonds to-day were in excess Of any
municipal issues touched record prices.
Sales of two issues of railroad bonds.
amounting to nearly 100000 900, were
reported.
Amalgamated Copper's brief period
OF activity at advancing prices was in
~terrupted to-eay. the stock declining
nearly a point. It WAS announced that
the United Metals Selling Company.
recently taken Over by the AmalEa-
mated Copper interests. would not
longer be guided by any set price in
making sales, but would sell copper at
prices to meet the cNigencies OF the
market.
London sold stocks in this market
to-day, sales from the source totalling
between 10000 and 10000 shares. being
chiefly of United States steel against
options which expire with this month.
Tho band market was firm. Total
sales. par value, SA.2I5.00O. United
States bonds were unchanged on call
Total sales for the day. i27s,GO0
shares.
New York, April 2s.-Money on call
steady, 2 1-4@281-2: ruling rate, . as:
closing bid. . Ia: offered at IS
per cent. Time loans easy: sixty days,
21-2Eper cent: ninety days. . 81; six
months, 5 per cent. Prime mercantile
paper, 5 1-2 to per cent. Sterling
exchange steady, With actual business
bankers bills at si.Si5n for sixty
day bills. and at s4.S660 for demand
Commercial bills, s4.sS rs. Bar silver,
Is rs Mexican dollars. AZ. - .