Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-05-15
Another Very Dull Day in
Wall Street.
PRICES WELL HELD UP
LITTLE PROSPECT OF IMMEDIATE
IMPROVEMENT.
When Strike Question is Settled the
Market 10 Expected to
Revive
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, May 1.-THE delay In
reaching a conclusion on the strike ques-
ton now under consideration at Hazleton
resulted In stasnation in todays stock mar
ket. The periods Of complete inaction were
numerous. and commission houses were
practically without business. There were
no significant declines. the dullness falling
TO discourage holders OF long stock TO tn,
extent Of forcing sales.
The market merely came to a standstIlI
pending the strike decision. and the street
holds widely different views on the probable
effect OF the tie-up after II is ordered. II is
reasonably certain that the market will b.
supported should It be considered wise but
it is suggested that lower prices for stocks
like Reading and Atchison would be most
gratifying to interests who are known to
desire increased holdings In these proper
ties
The delay is becoming irksome partic-
ularly to the western speculative conlin--
gent. who believe that once the news is
out the market could be made active In
quarters not directly under the influence OF
the coal situation. AS an evidence of this
belief there were several sporadic move
ments in the so-called specialties Kansas
City Southern issues were advanced during
the morning under rumors that Chicago
and Great Western desired the control OF
that property.
The stocks responded easily. but there
was no outside demand for them. Ntck!e
Plate issues were bid up sharply at one
time in an effort to revive interest in the
Greater Vanderbilt scheme, several Of the
Junior issues gaining moderately under the
limited demand. Monon gained slightly Af-
ter the opening. the first announcement that
its taking-over by Louisville and Nash
vile and southern railway would be al a
price slightly under that which prevailed
In the market having chilled the advance
Under cover of its later strength there
seemed to be a disposition to realize on
Nashville.
Union Pacific was again held stubborny
around Jos, but in spite of the numerous
p1 edictions Of higher prices there is no out
side buying OF consequence. Missouri Pa
cihc sold off during the early afternoon I'M
der mixed dealings. and the Gould group
generally lacked snap, an effort to revive
interest in Texas Pacific and Wabash fail
ing OF success.
In the industrial list there was little OF
interest, an increase in the dividend on Viz
ginia-Carolina Chemical from 1 to ) per
cent being responsible for some passing
activity in that issue. Steel stocks were
dull and barely steady. but there was again
a significant accumulation of Westinghouse
Manufacturing Co.'S stock.
The money market was improved TO the
extent that bankers now say IL is fully
equal to handling business on the present
restricted speculative scale. Activity can
not he had in stocks an ascending scale
without again forcing an automatic rise i'm
money rates. Funds are flowing into this
center In volume, and the hanks hope to
increase their cash resources and at the
same time keep loans from expanding.
In this connection il is We'll to keep in
mind that the Boer peace conferences begin
tomorrow and any direct step toward end
ing the conflict In South Africa win ind
substantial reflection I'm the security mar
kets. The revival of gold mining In the
Transvaal would be a Favorable develop
ment of the first Importance.