The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-28
New York
Stock Market

New York. March a7-ln the alb
sence OF fresh impetus from any quar-
market. traders resigned themselves
TO q continuation OF the period OF in
activity, and did little.
Increasing slowncss in most lines of
trade Is finding Its accurate reflection
In tho street, Which has overtaken he
securities market. The parallel be
tween the present condition and the
iullness which preceded the rendition
Of the Northern Securities decision Is
more striking daily. although the find
ings In the antitrust cases seem 10 be
awaited with less p~ertnrbation than
Although any day may bring It's re-
viva! OF. speculative activity, the
weight Of opinion is toward the view
the market to drag along unit. some
thing occurs. in the nature OF court
decisions or otherwise. TO afford an
obvious and compelling motive for ac-
ton. The one of the market was
firm throughout the day, with increas-
ing strength in the afternoon, There
was no apparent reason for. the mar
ke;'s strength, any more than there.
was for the heaviness in the closing
days o"f-last week. Speculative activ-
ity III some Of the important stocks
Increased in the last Hour, and Union
Pacific, Norfolk anu Western Balti-
mort and Ohio and the Gas stocks
closed With a net gain OF a point or
more.
Ma - yea AilS LSAl NV . al StNt t<f|
ce:ving especial attention. and the
roads are believed to hold the key TO
the present situation. The period OF
largely from their inability TO increase
freight rates has now fairly begun.
end the outcome is n matter OF con-
Of the carricrs with virtually every
ibrancb Of trade. Less purchasing
power OF the roads is leading to cur
tsilmens Of eaPense M.hereysr possi-
omy.'' as applied to the transportation
companies. has become a familiar ques-
lion. In this connection the February
report Of the Baltimore and Ohio is OF
gross earnings fell off by sS7s.o0o,
expenses were reduced SO heavily that
there was a decrease in net earnings.
ming up to and little ahead of last
year. and a sutficiently rigid policy of
economy may change the FINANCIAL out
est reports show that the trafic is
from other. quarters was hardly OF a
mere /, hoPetul tenor; It Is sat'mate ed
New England cotton mills are idle.
Similar conditions on a smaller scale
are reported from Southern cotton
manufacturers. "a large shop In the
West was closed, and there We're re-
ports of impending labor troubles from
various quarters. The intention OF
the new lneOiDGTS OF " lt-
sist on at least some tariff action was
reported from Washington.
Germany again appeared as a bid
der for south African gold. obtaining
more than sl,0o0,0OO OF the 100000
available in London to-day. The Bank
OF England took the bulk or the Of
%ferings. European markets were
Somewhat irregular. although China
vas ready TO yield to the demand OF
Russia. t X
Bonds we're steady. sales. s2,s5o,ooo.
Total sales of stocks for the day
were 149,S00 shares.
New York, March 27.-Moncy on call
steady: . 1-iM2 3-S per cent: ruling
rate, . IA: closing bid. . ii: offered
at LBS. Time loans easy: sixty days,
Il 1-2@2a3-4; ninety days, 22-4MS: six
months, 8 Ia. Prime mercantile paper.
4 1-4G4 l-2 per cent. Sterling eX-
change steady. with actual business in
bankers bills at s4.S5 LIS for sixty
day bills. and s+,S625I for demand.
Commercial bills, Sass "a. Bar silver,
20 Sj MeSiCan dollar AZ