The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-29
New York
Stock Market

New York. April os.-.Although trad
ing was less on the Stock Exchange
to-day than yesterday. the tone wa
prices OF the week were made. Ac.
cumula,ion of tho better grade OF
stocks, whieh has been In evidence
through the week. continued today,
stantial Interests have been largely IN
creased. Prices rose easily when IL
marked demand appeared. there heins
almost no pressure on amy OF me sptc-
uiative issues. The cessation Of spec
uIati5n was ascrihed largely 10 tile
approach Of another Of the Saprehne
Courts 'dec'sion days" There are ,ut
three Of these DAYS before tha ad-
summer recess. and expectation that
the antitrust case decisions will he
rendered on one OF those days Is gem
ersl IN Wall street. There is q us
10 ourtail risks in preparation for de-
cisfons of such e1r-reaehing mpor-
lance as those which are awaited.
The slowing down in business N
there was siill a good demand for first-
class issues. The unusually active
market for bonds Of the last week is
considered one Of the mos. ~cneonrag-
There Were further purchases to;day
OF new bonds and snort term notes!
sale hr The underwriters Of $1,000. 900
two-year notes II the National Pail.
ways Of Mexico and S7.a0h.00n general
mortgage bonds If the North y.estern
Railroad we're a~nnounGt6. With con-
tinued ease in the rn3i"N. market. ne
demand fey hpnds doubtless will sc
sustained. Maturing loans cannot he
renew ed on the terms IN which they
We're placed a few months ago. dnc
many Of the larger institutions arc
being forced into the honA market 70
E A. Ill., D . u 49, ~ - ~ ~ > fHTULf FAty
funds.
,nent may he looked fnr IN the stock
market was indicated ny ii4e CHARACTER.
OF to-day's tnying. seasoned DIVIDEND
The inquiry for this class Of securities
increased as the day progressed. aud
In the las, hour resulted in Il ''harr
upturn. which carried pritrs 10 the
high level Of the wcek Reading.
MO Pacific. Northern Pacific. Louis
vile ana Nashville and st Paul are
representative Of the grade Of railroad
etockE which advanced a point or
more. while among the indlistrials SIM
ilar advances we're scored ny Amsri-
can Smelling. Consolidated Gas. Gen.
eral Electric. international Harvester
and United states Steel, CANADIAN Pa
.:ifc moved UP three points to. ESQ 81,
the highest fiEuro az which the stock
ever sold
Sank exchanges for me week made
q more sa~tisfaetory closing than a
week ago. Total A. all leading cities
game aeriod 81 last year. hut The loss
IS considerable smaller than IN the
preceding week Latest data hearing
uDon the local Tnon-tary situation CON
;radict earlier Indications OF I cash
loss by ths AaoSs. the heavy losses 10
the Snhtressury Gpparently having
feen more than ofset by large receipts
the interior. rav abundance am,
= 40 49, - 80 = - a -S = q, r. H.g - 49,
Interesting comparison with this pc
-iod of last year. Hates tor call.
in tae iast week q AprIl, 1910.
from III TO per cent. with
general reduction OF loans by inan-
-.al institutions. due in part to crop |
cares ana s~hipments during the
month % upwards OF s30.0no,oooI gold
o Europe.
Tue ameent ef sold alspstched TO
Jay 10 sl,eoo,ooe, by a shipment Of
ReadinE's March report, showing a
net increase for al companies OF $50.
reprssented a satisfactory contrast,
with other recent statements. and was
Z factor STRENGTHENING the marker,
Great Western and 81. Louis South
wg gdes. g Maro ]Ffn .n, net Increases.
value. sa,NS5.0o0. United States ionnds
were unchanged on call.
Total sales OF stocks for The day were
New York, April os-Aieney on cali
/. s-s: closing BID. . III; offered at
S-s per cent Time loans very dull
@nd soft. sixty. days, ? l-iN2i .o per
cent; ninety day.. : !-aNa IA: Sly
months. ? 3-im3 lci cent. Prime mer-
camille paper, 9 1924 per cent. Stcr-
Ing exchange steady. With actuaibusi-
ness in bankers bills at S4Siio FOR
siXty,-day bills and u s4ss45 for d.
mand Commercial Bills, si.Ss rs. Bar
SILVER. ~ a-s. Me%ican dollars. az.