Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-16
Today's Transactions Were In
! Small Volume.
STRICTLY PROFESSIONAL
Union Pacific and Reading Furnished
Large Quota.
C. AND O. WAS AGAIN WEAK
Railway List Mostly Irregular-U. 8.
Steel and Amalgamated Cop
j per Sluggish.
c. AND O. WAS AGAIN WEAK

Special Dispatch to The Star.
NEW YORK, May 16.-very little Of In
terest resulted from today's dealings upon
the stock exchange. Transactions were In
such small volume and 80 largely OF a
strictly professional character that price
changes were deprived of any great Sig
nilcance The days situation was wanting
even In the special incentive to speculative
activity that was furnished yesterday
through the publication Of alleged report
and recommendation of the special counsel
for Interstate commerce commission.
Aside from the statements made on be-
half of the commission in connection with
yesterdays episode, which was published In
this mornings newspapers, there was moth
ing new relating to the subject. Union Pa
CHIC fuctuated irregularly today In COM
mon with the remainder Of the market.
and the dealings In the stock. together with
those In Reading. again furnished very
large and disproportionats quota of the
days total.
The dealings elsewhere In the railway list
were for the most part IN small volume and
productive Of irregular and apparently In
significant price changes. Chesapeake and
Ohio was again rather notably weak. but
the course Of the stock was unaccounted for
that the management Of the company had
In contemplation the sale OF some short
time notes.
d. and II. Financing Discounted.
The announcement Of the new Delaware
and Hudson financing appeared to have
been discounted market-wise. That on the
part Of the General Electric Company
scanned to come in the nature of a surprise
aid was followed by decline Of several
points in that stock.
The recent exceptional animation in Ma
tional Lead common was explained today
In the announcement that the quarterly
dividend on the stock had been increased
from 1 to IA per cent. Market-wise. the
Arst reflection of this intelligence was a
break OF over points in National Lead
stock, but large part of this loss was sub
eeouently recovered.
American Smelling common moved, as It
OFTEN does. in common with National Lead
and there seems to be no feeling Of GER
tainty as to the rate of the forthcoming
dividend on that stock.
The fractions Neglected.
The United States Steel shares and ANAL
gamated Copper were sluggish.
The Traction shares were likewise neg
Iected. notwithstanding the rapid progress
toward enactment of the public utilities bill
at Albany. and in spite Of today's very
discouraging quarterly report of the Brook
tyn Heights Railroad Company. the oper-
ating company Of the Brooklyn Rapid Tran
stt system. The gross earnings for the
period decreased 1914 900, or about 1871
per cent, and IT Is rather difficult to un-
derstand there should be any such change
IN the income OF street railway company
operating in such a settled community as
the Brooklyn. The only explanation given
OF this showing was in the gross abuse Of
the transfer system, the shortcomings Of
which have been in part corrected.
The dealings in securities seem to be but
little Influenced by the fluctuations in the
grain market although the latter were
very wide and cratic