The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-28
New York
Stock Market
Especial 10 Tho Times Dispntch.l

Il. New York. April a7.-Tho slow adj
vance which had boon in progress in
tho stock market most of tho week was
Interrupted suddenly in the midst OF
,o-day's session. whom publication OF
The March earnings OF the Hartman
lines gave the list a pronounced set
pnols. southern Pacific reported Il de-
crcase OF s4S7.ooo in net earnings. and
linton pacinc $4,000 This show
ING was regarded as especially un-
saiisfactory In view of reports which
Inc street had heard in the last few
DAYS that these roads would make
usually good exhibits. In spite OF the
interpretation placed upon the state
mcnts. however, they presented in
many WAYS 4 favorable contrast with
,he reports Of the previous month.
esuccialiy in the case OF Union Pacific.
.rne decrease iii net earnings which
ibts road reported in February of
more than SIup.00u was cut almost IN
Mali last month, by reason OF n re.
@,iiction III operating expenses OF
$4,000. tile loss In gross earnings
having been virtually the same in both
months. Southern Paciiic's net earn
ings III February fell OF $4,000.
Trading was less active than yes
tcrday, the mark ct growing duh on tie
decline. There was little pressure 20
sell stocks on the decline. bcar traders
Gearing TO operate boldly ut this time.
The mornings gains were eliminated
In most cases ind the close showed
small losses on the day. in place of
tho corrcspondungly small advances of
the previous days of the week.
Certain isolated issues. including
local traction stocks, were strong, Ca
madam Pacific, which attracted much
attention early in the year by Its spec
tacuiar advance. came to life again
to-day and mounted to 227 ga, a new
high price. A~malGamated Copper was
heavy, probably on account Of the sell
Ing of stocks purchased earlier in the
week.
Trading in United States Steel was
less active, but that stock constituted
the markets barometer, in that buying
and selling of these shares were close
Il scrutinized BY those who think the
Immediate future of tho market is de-
pendent upon conditions In the steel
and iron industry.
While no official statement as TO the
of yesterdays gathering of
steel manufacturers was forthcoming,
IL was said to-day that the disposition
OF the manufacturers was to maintain
prices for the present. No definite ac-
lion was taken and It is understood
the subject may come up again at
e gathering of these same interests
which is 10 be held next week.
Trading in the bond market ex-
in activity n strength that
in stocks and sales were much above
the recent average. Much OF the buy
was said 10 come from
and blinking institutions which
were seeking p%roftable employment
for their idle funds.
Gold TO the amount OF s55o,ooo was
10 Canada to-day. and q our
transfer OF sl50,o 600 was made 10
San Francisco, making a total transfer
OF sl,l50.00o to the latter city this
week Local bankers say that these
have no significance other
than that in Canada and on the
Paciiic coast general business shows
OF being moderately active. New
York banks have lost cash steadily
to the subtreasury throughout The
week, and on the face OF things n
loss OF no mean proportions should
he reflected in Saturdays bank state-
lnent. T~
some plain evidence of the conn
Gence with which the outcome OF
difficulties is awaited was
to-day by the sale to a New
YORK syndicate of slo.ooo.ooo Of two-
IT, per cent. net and of tile
Railways OF Mexico.
Bonds were firm. Total sales nor
value $s,737,Noo. United States gov
erninent bonds were unchanged on
can. Total sales for the dav oh- "a,
shares. -''0'V
Nsw York April a7.-Money on call
rate, cas-. closing bid. . IL: osYeraa -,
d-s' TING loans steady; sixty days,
~ PEI. cent? ninety days. 2l.em
49,, SIN months 3 crime mercantile
paper. 10 to 8 ner cent. steri;n,.
exchange easy, with actual business
N bankers' bills at s4si4o for s.xtv.
Gay bills, and al s4.ss5o for demand
Commercial bills. s4.S3 rs. B.r 20
Yer 81 Mexican dollars. Is.
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