New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-28
BANK STOCKS ON STOCK EXCHANGE.
FINANCIAL MARKET
Stocks in Light Demand, Despite
Easy Money Rates.

l-a4 raDresonted few operations lot 'H'
.,,o,,u+ If the profesS ioua1 element, total
DEALINGS making new low record FOR
tho ,.ear and the highest total for fuli
ds,. sinco Iulv 3. 1905 Prices showed
no material change from The CLOSING on
Saturday. final quotations presenting
lnimportant gains in the larger nump'r
of issues Norfolk & Western. cana
dian Pacific and Union Pacific supplying
the only real features Of strength y
wall street news agency called atten-
ton to the fact that while tn" marker
was dull n Old not make record III tna'
reenact. as way hac, IN 1890 dar Was
~eported when only thirty-one shares
,cere dealt ~. ON that particular occs ID
sion. which was May IL Of that YEAR
five shares of Morris Canal and BANKING
and twenty-six shares NJ the Jnlteu
states Bank changed hands, and not
,,.itbstariinc the limited amount Of bust
re.s in that session many Of yesterday S
traders we're almost willing ~ max"
yyagers that on the present basis o.
cnerations the record Of 1890 might soon
he broken. Commission houses are mol
making their expenses at the moment
lint they are not worrying over the tut
IRE. Indeed. they appear 10 he quite
confident that profits will begin 70 accu-
roulato Just as soon as the supreme
Court hands down It's decisions in the
in,portant corporation cases now before
- Furthermore. they believe that when
tho court meets next Monday decree
will he rendered I'm the Standard OIL anc
American Tobacco suits.
Bankers and business men in genera
VIII feel q tremendous sense Of relief
y.bon they know how the big corpora
tons stand under the sherman anti
trust law. and It is quite likely that, II
respective of the character Of the de-
c;sjons i'm the oil and Tobacco litigation
@ broader and stronger stock market VIII
do,.oIon soon after the announcement of
tho courts verdict. In the late after
roon the larger number of issues were
strong. without recording SuDstantla
Improvement. the movement represent
ing nothing beyond traders operations
Canadian Pacific went through its dally
performance Of making now high rec
ord People who own this stock sfrouo
feel we'll satisfied. The Tribune pointed
oft tho possibilities of tho Canadian Pa
cifc Railway as an income producer
many wears ago. when the stock was
| selling in the neighborhood of par The
final price for the issue yesterday was
221l,. There is no reason why event
uallv it should not sell on basis viii
Lackawanna.
The local banks coptinuo to lose casr
on their operations with tho fedora
| Treasury. but on the direct movemen
with the interior receipts and shipments
about balance. There appears to be NJ
active inquiry at Ut-Of-toWn points iol
money at this centre, although interior
| institutions are still settling obligations
due the government through drafts II
the Assistant Treasurer Of the United
states on their balances in New forf
/ hanks At the moment there Is no ind
! cation of an increase IN the local dc
u
bankers are looking forward 10 q moro
active inquiry later in the season. Rates
in the time money market are un
changed from the quotations prevailing
| last week and for many weeks, and th'
| op,v business reported Is for over the
| year funds and short time periods. The
demand for commercial paper is good
although offerings are light and while
the regular rate Is on basis OF IRON
~, TO per cent. better terms are 70
norted by some houses on the hiShes
grade bills international houses ar
doing little in the foreign exchange mar
/ <et 20 far as withdrawing credits 10
/ American account established abroad
through tho sale Of American securities
to Europe and the excess Of our exports
NJ merchandise over imports IS con
corned and the strength that develops
iron, time 10 time in sterling rate
| sbould not be taken as an indication o.
an actual movement Of exchange aeains
| New York Current movements IN 'h'
| sterling market represent IN large par
| enec,lstive operations, the advance II
demand rates vesterdsv, for instance
merely rejecting covering by short in
terest and 10 Q small extent q demand
Tor hills incident 20 the forthcoming fort
nightly settlement on the London Stoci