The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-05-28
GOSSIP OF WALL STREET.

Trading In yesterday q short. session OF
the Stock Exchange was reduced to what
for this year so far was the extreme Of dull
ness. transactions barely exceeded 900
shares. and the price movements resulting
call for no comment whatever The alb
sence OF stocks pressing for sale was a re-
stratnt upon short selling, whereas, on the
other hand. there was very pronounced
Standardization to enter upon fresh commit
ments for the long account on the eve Of
the weekly recess, especially as Tuesday will
be holiday. with perhaps a very narrow
market on Monday for that reason. The
governors on Wednesday acted adversely
on petition for the closing OF the Exchange
on Monday. On similar petition the cover
nors closed the Exchange on Saturday be-
tween Good Friday and Easter Sunday only
few weeks ago, and on the eve Of this long
recess the bear crowd played such havoc
with prices that the demand for an extra
holiday on this occasion was much less pro-
nounced. Along with Its other SINS there
fore. the bear party may be charged with
having made extra Stock Exchange holidays
somewhat less popular with the conservative
Wall Street element than they have been.
The Wall Street men interested In Wabash
Affairs who have met Frederick A. Delano.
Mr.. Ramseys successor, are very favorably
impressed with him They predict that when
the, financial community understands him
IT,
as a man who shows signs of possessing in
uepehue"' 0"o' sos'
One Of the most familiar Of trading prov
cribs enjons the speculator from selling
a dull market short 1t contains the wisdom
Of vast amount of speculative experience
but an q rule OF action 10 Is not by any mes ms
infallible 1t is ordinarily regarded as bad
omen for market that has been dull to break
sharply, but when trading sentiment ia bear.
ish dull market Ia very likely TO be one Of
sagging prces because with the professional
talent on top Of 1t prices can be worried down
A market that has got into q nut, with the
.,nma - .h.. ~. mnty :, ~. E " 1871 ~
~ .t,"Ls ~, 10, none,Sn .e, .,.aS
vron . csn,raisn ,nr h,nh.. 49,, 80.
i, mr., :, ~ hoan daman..,...S s..a.Iu
that Tho .o.c.iisd h,r ,n,.rs.,s ~ Wi, s,rast
10 not ~ tho nres.nt tim. ,nn,,n.d 90 A.
oo,,ross onerat,nns for tho .dr.nn. on Iorno
scsla snocnatIve oroani,.t;ons that you'd
90 IN .nd hmii .,oot. az. No, an,em.s,.d -
do an and m. thet h.osme imn., ,.nt tan
40. 900 and triad a 90. .n,ina,,. d;.o,nr-
.asd The h.licy seems IN hs snre.1ino
.mono hroters and foIiow.rs ~ tho ,nortst
GENERALLY. that certain ~ m. more lnsnsn.
tial intars.ts Ar. uni,ed unon . rsit,no nolicv
and would nre,er 20 have the n,arra t "a.
main DIM for a while In Quarter. where
this no,jcy IL ssser,ed On. attitude toward
The market i, one Of in difference
Last year the market wouldn't wait for
the crops. The same people were bulling
both wheat and stocks at one time. unable
quite TO square their position. but finding 1t
nevertheless. to be very profitable one.
People who couldn't consistently bull wheat
and stocks together got wrong on one market
or the other. Some fought the wheat market
and kept long OF grain. As 1t turned out.
the decrease OF tn wheat yield was immaterial
as affecting the harvest as a whole. but many
were unable to see this until the bull market
was two-thirds over.
MONDAY tioleht oEeak IN prices unoe,
the boston attae. was cohtinuauS Feierreo
10 throughout he week oy experienced
operators ana STOCK market observers gen.
eraliy As th'ns tnat ought not 70 nave taken
place ana mat might easily nave peen pre-
vented II certain W all street people mao oeeh
united upon poiicy OF oppositlon. III was
known before the close OF the preceding week
thet on frioay ana oaturua! he BOSTON
Dear crowo mao put out Dig line OF snoit
vertising that was to be done here and abroad
on Monday morning. The market opened
against the bear crowd on Monday morning,
showing substantial advances from Satur-
day's closinR level Of prices and London
instead of selling stocks on the Boston ad-
verttsins, bought 50, 900 shares In the first
hour. There was no general selling in this
market, and 1t looked a. II the attack de-
n.eII nom Ioson na" " % ee. ~.
;.'..; "a. 80.
s -. pi"n'i.a. opeia,o' ea'u. NJ,
me nrs' no.1 .aere h POM ."e "arn.so ou'o
nate oe1h ,aAen II, manu- anu 20 n'ahaseo 40
70 run N vi. "noie ios'o,, .'aue VIZ
Inehonus '"se. ins'1au o. 'ha., ho"1Nel.
'ne cnaue was peIn'ltea 70 cover AZ leas'
par. OF Hs 'ne az d dig prom oelore .he Close
ulA1 nAH' p-r conan, "4Se pee" uhaole 10
. zee any e1euse LOT ~, ne pace 70 me-
,hls BOSTON cro"o 70 IN 'he e,ocs market
~ 10 mere "at J.. can DC e'oppeo, An opeia-
tol VINO az .nes nas oeeh yer! assIessiVs
IN 'ne malhe' aho VINO mas Dig ctoTo oehlno
MN $40 20 me aI.er"Hru INA. II ne nao oeeh
perml'!ep 10 go IN ana 40 ~ no coulo haSe
'aReh tne market on MONDAY ana put tne
"nole boston QUINN INTO oahKruptcS' ne
wanted 70 40 II, believe put was not en-
couraeed' fancy tne trutn OF tne mater
10 be that certain banking interests IN wan
Street also were against the market. mere
mas oeeh 'nat concurrence before