Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-07

Special Dispatch to The Star.
NEW YORK. March Mondays severe
fall in prices and yesterdays rebound were
succeeded in today's stock market by irreg-
ular and generally limited price movements
1t would In fact. be Incorrect to describe
the market as whole as being either
strong or weak. unless reference was had
TO some particular moment of the business
session.
The volume OF business showed further
sharp falling away In respect OF actiVlty' ana
was OF even a more professional character
than was the case yesterday. There was
virtually nothing in the mornings news or
In the days developments calculated TO
stimulate speculative endeavor In one direc-
ton another.
The London stock market was very firm
in all departments on the continued relaxa-
ton In money and the spread of optimistic
views regarding the outcome OF the MO
roccan conference and upward of 3OoOO
shares were bought here for foreign &C
count In the early part of the business
session. American stocks were quoted IN
the London market at advances above par
ity with New York's closing prices OF yes
terday, which in some cases were IN ex-
cess OF one point. and corresponding gains
were made in the local dealings upon the
opening OF business.
Trading Relapsed.
Subsequently the trading relapsed into the
noted irregularity which was the most dis
tInctive feature of the days dealings. In
serious financial circles discussion again
converged mainly upon monetary circum-
stances. and these were held to be the chief
deterrent against greater animation in the
stock market at the present time. The
banks increased their loss to the subtreas-
ury since last Friday up to s2.s51 600. but.
as Illustrating the current confusing move
mer. in currency. the subtreasury paid to
the banks today 100000 on a telegraphic
order from San Francisco, whereas yester
day afternoon 100000 was transferred to
that point for New York account
The actual quotations for money for va
rious periods showed some relaxation, not
withstanding which the foreign exchange
market was decidedly weak. The generaI
tenor OF the adyices respecting the crop
outlook was salts factory, and the commod-
lily markets were heavy in consequence.
and also because of the exceptionally large
holdings of old crop supplies in original
hands. There were fewer statements OF
earnings submitted than during the past
few days, but those published made very
satisfactory exhibits.
The Coal Situation.
Little definite information was available
bearing upon the labor difficulties threat
cred in the coal regions. According to
Pittsburg advfces, dealers in bituminous
coal are however accommodating heavy sup
plies against the contingency of strike,
and the February report of anthracite coal
shipments showed tonnage of Alp 900
against 1922, 900 in the same month of last
year
Other relatively active features Of the
railway list were Union Pacific, Southern
Pacific. Atchtson, Erie and Southern rail-
way common. The local traction shares
were practically neglected during the great
er part of the business session. Amalga-
mated Copper was the leader of the market
In respect of activity, and that stock en-
joyed comparatively firm undertone
throughout.
In fact the industrial ,,,,ar,ar nc q ,,,bo1,
was steady. with marked strength in Dis
tiliers' Securities. Colorado Fuel and Iron
and the United States Rubber stocks Ru-
mors of the serious illness of capitalist at
one time very prominent in the affairs of
the United States Steel Corporation were
accompanied by some pressure on the Unit
ed States Steel shares, but these rallied
later upon the denial Of the report in ques-
Ninn