Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-03
Traders Interested in PreSI-
dents Railway Tilt.
A PESSIMlSTlC MARKET
Opening With Prices Off From Yes
terday's Closing.
EFFECT OF L0ND0N'S WEAKNESS
Trading Killed by Discouraging Rail
way News From Chicago
Coppers Heavy.
EFFECT OF LoNDoN's WEAKNESS

Special Dispatch to The Star
NEW YORK April 3.-The feeling OF
amusement that was yesterday manifested
in Wall street over the controversy pc
tween Pres dent Roosevelt and Edward H.
Hartman turned today. on sober second
Thought TO one OF easiness that communi-
Gated itself from traders to the list With
out going into the merits of the question,
nersons of importance in financial circles
were inclined to deplore. especially at TINS
time the publication of story that was
90 well calculated to disturb further an
already unsettled market and bring into
discussion again those very causes OF the
prevalent unrest that they had hoped were
beins forgotten, since they are not yet
eliminated.
However little it might be the intention
of Wall street to imply that retaliation for
the unenviabe position in which the al
ministration has been placed by the puoii.
cation of Mr.. Harriman's letter wouio no.
be unnatural to expect, II is at ieas. uuo
that traders are apprehensive or some ac-
ZION from Washington that might wear that
complexion.
Tomorrow the interstate commerce COM
mission resumes its sessions. ana VIM
its hearing here Is to be confined TO tne
question of whether Mr.. Hartman may De
compelled TO answer certain inquiries ne
has already declined to answer ana ooes
not tend TO bring out any further details
about the stock Juggling department of
some railroad finance. there is, neVertne-
less feeling that the mere fact or me
renewed session will probably depress the
market. -,
Then there is the Chicago and Alton deal,
always "A potentially for producing fiuctu-
atoms in the market. All these clrcum-
stances combined this morning to constr
tute sentiment in Wall street tnat was
pessimistic to say the least.
Union Pacific Headed Losing List.
The day began with the market generally
off from last nights closing Union Pa
cfc was a conspicuous loser at the start.
and with the rest of the list 1t got worse
during the day.
At midday the revival of the strike move
ment on the western railroads was backed
UP with an alarming report from Chicago
of the failure of the Presidents emissar1es
TO effect a settlement between the train
men and the opera tors and the probability
of a strike being declared practically
killed trading in the securities market.
Prices were then the lowest they have been
and they continued to go down.
The weakness of the London market add
ed another straw to an already overloaded
list Even Atchison. whose dividend had
been Increased at today's meeting. failed
to hold its gain. though Its decline was
only slight compared with that of Amaga-
matsd Copper Anaconda Union Pacific and
other STANDARD issues. The heaviness in the
coppers was ascribed to the loss in the
pric,. of the metal in London, where spot
copper closed 5.5 off yesterday price.
The money market continuing its course
of the first two days of the week was very
easy. call money lending in the neighbour
hood of ~, per cent at midday.
Time money ruled generally at oie per
cent for short-term loans. and the gold
supply in the local market was increased
BY G:;l6. 800 that arrived from southampton
this morning.