The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-02
STOCK N AR kET
IS ALMOST DEAD
Only a Few spccialtics Show
Any Activity and Make
Gains.
DECISIONS AWAITED
brokers Can DO Little Until
Trust Cases Are Dis
posed OF.
DECISIONS AWAITED
Especial to The Times Dispatch

Especial ii, 70 The Times Iplspatch.1
lew spccial,ics the stock market was
dead to-day. The undcrtone, how
ever, was strong and the close was ut
about the best prices Of tho day in
nearly All issues All Wall Street was
illicd again with the idea that the
supreme Court might hand down dcci-
fiohs III one or both of the trust cases
before II on Monday The outlook is
Tor practical suspension Of business
IN the stock market Monday morning.
;i9 traders are afraid - do anything
on either side Of the market until
Washington is Heard from The su
prcmc Court convcncs ~ - o'clock,
and II Will be 1890 before the street
can be certain that decision VIII or
viii not be handed down.
Brokers have made elaborate pre-
partitions To DO big business Monday
In the event OF Il decision being Ieild.
cred, and there VIII be n very larSs
attendance On the floor 81 the stocr
exchange Many customers Will also
BIZ hand in the Offices ready 10
take advantage OF the decision. /.
IS entirely possible 20 lave transact
tons in more than 100000 shares
Monday If decision is handed down.
The stock market is IN such shape
That a decision even slightly favor
able 70 the Standard OIL Company
would cause a panic o. shorts ami put
the market mp an average Of ten points
Immediately An adverse decision
probably would result in quick
break. bu, the short interest is so
large that the covering movement
certain 10 begin Immediately should
close the day with a net advance. In
vcstora have nothing TO worry about.
Under Leadership OF Canadian Is
sues ana some sp"cialties. tho stock
rl.t ept
week That is IL seemed TO he more
active, but the total Transactions Tor
the week were only slightly different
from those of the preceding week.
The activity vas spaamodic. and out
bursts ON movement were followed BY
long periods OF dullneRs II was sig
niticant that all the activity drove
stocks higher and that declines came
On small transactions
The FIRST reaction OF the week came
on Wedne Sday. and was hnlied as
rood sign by the bu1 campaigners
tnr m 10 mat time tho market had
,.en 80 dali that il could MT react
A..ui,, on Friday there was Il drop. ana
roth these reactions came after neW
high records had been made IN inc
leading issues traded in "Wednesday $
reaction Was purely technical. but
INA, ,.f FRIDAY was influenced TO
largo extent by the announcement
from Washington, later officially dc
n{cI ,hat The Attorney General IN
teude,, 10 Join forces with the men
nho have been Insisting on inTcStisa-
,inns OF The steel trust and the bank
Investigations can do no injury to
hu.in.ss On the contrary, they
would he great help The pre-
liininary r,ilnors, however. are likely 70
unsettlc lie stock market for short
period
New High Nrcnrd..
Among the stocks that made new
hirM records during the week were
Canadian Pacinc. $500" Wisconsin
Central and National Biscuit. The
general public has little interest In
these shares standard issues were
strong
One specially that acted badly was
American Woolcn the preferred Issue
or which sold down to,hc lowest price
in several years. The reason for
hcavincss OF the wooicn stocks Is
that directors OF the company admit
officially that for several years they
have been using the surplus earnings
Of the company 70 buy in the open
market its own common stock They
have now accumulated nearly 100000
shares witch they propose to retire
,rhe stockholders VIII nave to vote in
favor Of this remarkable stock jobbing
deal before the hcneficiarics can cash
In"
In tho Street.
Number OF shares sold to-day. 1918
year ago. l3s.oo6. Par value OF
bonds sold to-day, S1,oi5.0oo; Il year
ago. sl,272.ooo
on the Curb.
The outside securities market again
VAS extremely quiet. Nothing Of i'm
po-tance developed to warrant any
price changes Of significance. The
market was entirely without feature
ana was very narrow.
New York April 1.--call money.
ruing rate, > as per cent; time money
for sixty days, 23-i per cent: for
ninety days, per cent; for four
months, ala per cent; for five and
six months, 3 = per cent. Firmer COM
mercial paper: Prime. sixty days
334Mi per cent: ninety days, 1 per
cent; four. five and six months. 4@41-o
per cent. Foreign exchange market:
Cables quoted at s4.S6S5Gls4 .S6iO; de-
mand sterling. S4.s610dl s4.S6l5: francs.
$500 less l-32; marks 80 l6. Foreign
markets discount: London, 21-l per
cent: Paris. Eli per cent; Berlin
3l2 per cent