Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-12
Today's Market Extremely Dull
and Heavy.
TRADING ON SMALL SCALE
Amounted to About so Per Cent OF
Fridays Dealings.
MOSTLY PROFESSIONAL ACCOUNT
Course of Prices Very Disappointing
Reading Was an Active Feature
Railway List Sagged.

Special Dispatch to The Star.
NEW YORK, March 13.-Today's stock
market was not insptly described as case
OF coal strike versus gold imports. ana
while the issues OF both of these matters
have been anticipated the course OF the
market Indicated that the labor troubles
threatened In the coal regions constituted
the dominant influence. At all events. the
stock market was extremely duu ana gen
orally specializing heavy.
During the greater part Of tho business
session trading was conducted on scale OF
activity amounting only 70 aoou' "a H. Sa
cent OF that rolled up on Friday, ana inc
dealings were chiefly for professionals NC
count. a.,
The course of prices was especially dis
stringency which has been the CHIEF DETER
rent to animation for the past month or 80
would now appear TO be definitely ano pfnc-
tically relieved by reason OF she inausure-
ton of an import movement or 6oid Is
certainly true that up TO this time anxiety
regarding monetary affairs has Tar QUIZ
weighed uneasiness respecting the chances
for a strike In the coal region. especiaiiy
as Il has been assumed that the manasers
Of the anthracite roads were not altosetner
hVerse to a temporary suspension OF mining
operations.
The Coal Strike Crisis.
Apart from the crisis IN the coal
strike situation, II was not easy
TO assign any specific cause for
the markets. tone. There we're no Sig
nihcant adyices relating 10 the agricultural
situation. and the money market remained
comparatively easy. The days earnings
statements made satisfactory exhibits. and
the London stock market continued steady
on the ease OF money at that point, and
because OF the abatement In anxiety re-
garding the Moroccan controversy.
There were few stocks the movements
In which caused them to stand out In
strong contrast with the remainder of the
market.
Reading was one OF tho most active
features of the dealings. and was decidedly
weak although 1t did not appear to be the
case that the dealings In that instance
were specifically attributable to the threat
ened strike In the anthracite district AT
any rate. the other anthracite securities
and the btumlnous coal stocks were not
particularly prominent IN the days trans
actions.
Railways Sagged.
In fact a sagging tendency was evident
throughout the railway list during the
greater part of the day with the dealings
largest In Union Pacific. Atchison. st. Paul
and Southern Railway. The last named
stock was comparatively strong and was
bought ON q fairly large scale around the
opening OF business for foreign account.
Brooklyn Rapid Transit furnished practical
~ all OF the dealings IN the local traction
shares. and the stock enjoyed a substan-
tial rise In the first hour Of business. the
movement seemingly being based upon the
carly opening Of the company's heavy
traffic 10 seaside resorts.
A large part of the advance in Brooklyn
Rapid Transit was later lost in sympathy
with the general backward movement In
prices. The Chicago Union Traction
stocks benefited for awhile from today's
favorable supreme court decision confirm
Ing the franchise rights OF the corpora
tton in the city OF Chicago. but even this
highly important ruling affecting this
particular property did not have a lasting
influence.
Tendencies in the Industrial and miscel-
laneous shares were in accord with those
In the remainder of the market. After an
early squirt of strength Consolidated Gas
reacted and the convertible per cent
bonds continued under constant pressure.