Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-10
STEEL IS SLUGGISH
IN WALL ST, TRADE
Realizing Sales Figure Largely
in Days Transactions-Shlp-
ping Shares Active
Stock sales today on the New York
Exchange totaled 1 ,4O3, 400 shares.

New York, April 10.-The New York
Evening Suns financial review TINS
afternoon is as follows:
Ovcrcnthusastic indulgence in spec
ulative activity yesterday found its cor
rcctive in today's stock market. There
was something of Il rush at the opening
it is true, and in some cases good gains
were achieved, but they were cXrep-
tional. Trading was in million share
volume, due, however. more to the
breadth of the market and to expansive
pool operations here and there than 10
any particular animation in the stand =
ard list.
Realizing sales figured largely in the
davis transaction. without bringing
about pronounced weakness anywhere
save in a few issues which had been
sienally pushed in the last two or three
sessions. American International Cor
poration. United States Rubber, Amer
ican Sugar, Mexican Petroleum for eN-
ample. -,
The steel and copper groups. lnclua :
ing the equipments. were reiauV'lA
sluggish and but slightly changed uh'i'
in midafternoon, when prices pegah 'c
stiffen and then to move forward anew
There was lively demand for the snip
ming shares, Atlantic Gulf advancing
more than ) points. Most of the mo
tors the tire stocks and chemicals were
bid up after fashion. and such IN
dividual shares as American lhhsceo
and one or two others.
As has been the case previously this
week, the movement within the market
was governed by the technical position
without reference to what was happen
ing in the world of news developments
Indications that peace negotiations were
approaching a conclusion were seen II
the dispatch from London stating tha
the British peace ENJOYS had received
the royal warrant empowering them tt
sign the protocols This fitted in wei
with the statements of Lloyd Georg
and NJ. Piehon concerning peace b!
Easter and with the summoning of th'
presidential ship to Brest.
There was widespread interest in thu
conference tomorrow at Washington be
tween bankers and representatives o
the government with respect to tinanc
ing the Forthcoming obligations of thu
railroads, the understanding being tha
the bankers are willing to do anything
within reason, provided there may b.
an early convening of Congress.
The steel price situation has little o
encouragement to offer ut the moment
The loss of nearly 600 900 tons in un
| filled orders on the books of the Unitet
States Steel Corporation was not fa
from what was expected, the estimat
having been between 400, 900 to 700,0 90,
tons. The total of such orders wa
5, ,430 900 tons, against G,010,IS7 81
February 2S.
The squirt in the middle of the after
noon proved to be but momentar
running in of the steel shorts, whic
was quickly ended, and that issu
dropped from 100A to below % in tn
last hour. The rest of the industrii
list continued soft under realizing sale!
bethlehem Steel "B' had a two poir
gain at one time, but lost most of i
Bonds were generally quiet and stead.
Liberty Loan = issues leaned towar
lower levels.
4 hardening tendency in money rate
was noted. The supply of time none
at less than 6 per cent was more re
strcted Call loans We're renewed {
q, nor cent, which was the prevailir
ing rate through the day.
foreign exchange market dis
rp. / heayiness in the first half of Il
: session, but later steadied with the eN
:. eeption OF francs, which continued III
der some pressure.
The weekly statement of the Bank
England disclosed proportion of reser'
/, TO liabilities of 1880 per cent, again
; 1871 per cent last week. Circulate
! decreased 81 200, 900 and bullion hol,
: lngs increased $500 900, carrying H.,
item to about $425 900, 900 Govern
. ment loans contracted $45 900. .00
I, Public deposits were less b. ST., 2,000, o,
) and other deposits BY $4,000, 900,