The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-11
New York
Stock Market

New York, April 1o.--Stocks logged
along with few changes through a
spiritless day, in spite OF the fact that
There We're several happenings Of ia
vorahle import Which at other times
might have stimulated trading. The
course OF the market to-day empha-
sized the pronounced disposition of
the street 10 do nothing until present
uncertainties arc cleared UP. Chief
among these uncertainties are the
Forthcoming decisions Of the Supreme
Court III the anti-truSt cases. and as
this was the courts decision day
iradino virtually stopped. after the
slight amount Of accumulated business
could De attended 10 AZ the opening.
unti word came from Washington that
The decisions were not 10 be an
ncunccd to-day. Then there was an at
temp; o bid up prices. bu, il met With
50 little success that II was soon
Abandoned. ana the market fel, off
slowly. the net result being a number
OF ,rining declines
The Hin stocks and ST Paul We're
strong IN 10 the latc afternoon Thei.
strength WAS the only reflection IN
Tie market Of the decision announced
after tile close 9; business on Satur-
Minnesota rate case. Those who have
Kept III touch with the progress OF
the ease stated their belief to- day ua
tie principles cnunciatcd by the court
We're OF primary Importance TO the
railroads and, ii sustained by the
United states Suprone Court, would
havo a MARKED effect upon the future
course 90 railroad legislation ny
states IT MAS said that III several
states ia the West anu south pro
posed l--,slation Of q Kind similar To
that enacted in Minnesota was being
held iii abcyancc while the Minnesota
case was Being adjudicated.
There WAS some brying of standard
railroad stocks on account OF the
decision. but the movement was not
OF sufficient size to counterfeit the
dragging tendency Of the market.
The first deiiniic information as to
the condition OF winter wheat was re
ccived to-day in The government re
port indicating q Yield OF about III,
100000 bushels more than IN 1910. The
report was received favorah bly, al
though II was not q factor in specu-
lation in the stock market where il
was realized that 1t is still too early
20 base hope Of an Improvement N in
dustrial condition upon prospects for
crops.
The United states Steel Corpora tons
monthly report Of ur.illed tonnage.
an increase over the preceding
month of less than 10000 tons. threw
40 new light upon the situation in that
Industrial. being in line with cXpecta-
tons. Latest ndviccs from Pittsburs
indicate some falling off in new bus
ness.
MISSOURI Pacific continued its down
ward course to-day. dropping nearly
two points to the lowest prices since
the middle OF January The weakness
OF this stock is attributed largely Ia
the prolonged uncertainty as TO the
future mana cement on the property.
no definite Developments having fol-
lowed the announcement that the road |
had passed into new hands
The unfavorable showing of tho
Bank of Germany last week was offset
by to-duy's report, wnich Indicated a
stronger position. Loans and discounts
ere reduced by more than $4,000
600, a! gold III hand was Increased by
s5,5OoooQ IL London traders We're busy
with the settlement the contango rate
for Americans being somewhat stiffcr
The bond market was STEADY. Total
sales, par value, se,Ose,ooo.
United states bonds we're unchanged
OF call.
Total sales for the day, lsoloo
shares.
New York, April lc- Money on call
steady eM2 BIS per cent. ruling rate,
2 SIS. closing bid . 3-S; offered al
l2 Time loans duh. sixty days, . a
IA per cent; ninety days. . asa
8 six months, 3. Prime mercantile
PAPER, 5 81 10 4 Ia per cent. sterling
exchange steady. with actual business
In bankers bills al S4S4l5 for sixty
day bills, and Al S4S63o for demand
Commercial BILLS, $l.S3 10 Bar sill
Yer, 5S rs. Mexican dollars, 40 Gov
eminent bonds steady. Railroad bonds
steady