The Washington times., 1907-12-26
NEW YORK STOCKS
CLOSE VERY STEADY
Dizziness the Feature of the
Day-Slight Declines In
til Last Hour, When Re-
coVerieS Result.

NEW YORK. Dec 26.-CIosin The
market continued SLOW, and with gen
eral half-I oint net losses, until we'll
into the last hoIr OF the session. when
the general list showed more strength,
declines weer recovered and the closing
was well Up to the final figures Of Sat
urday
Missouri Pacific declared the regular
dividend, but payable in stock.
-
NEW YORK. Dec. 25-1:20 .. m.-This
mornings stock market was disap-
pointment TO its friends and also TO its
enemies. II one may call the bears an
enemy. They certainly appeared TO have
the best Of the situation In the opening
the bull element being conspicuous by
it's absence. And yet the bears did not
seem TO make much headway in their
attacks, the inference being that with
any kind OF buying either speculative
or investment there would have been
q rally
Eut the general trend OF the news is
OF shut-doWns and curtailed production.
One Of the latest is the shutdown Of
the Illinois Steel plants at South Chi
caeo-a movement that will impose the
greatest hardship on thousands Of wage
workers OF the hand-to-mouth variety
Moreover the United States Steel Cor
poratlon Is not receiving orders to the
extent OF more than 80 per cent Of its
capacity. And yet the securities of this
great corporation are showing the most
gratifying steadiness-a tribute to the
conservative management and the splen.
did reserve Of cash that have been put
away for the rainy day that is at
hard
Mills to Reopen.
From Pittsburg comes good news-re-
ported at least. 1t is said that the
mills will begin 10 hum in January.
when the mills at McKeesport, Glass
port. Duquesne, and UP the river will
start again.
II is stated with positiveness that the
following plants will resume and that
they Will maintain the regular 1907
schedule:
National Tube Works and its consti-
tuCnts in McEeesport, employing 10000
nlCa; Duequcsne Steel Works, 5000 men;
EraddocE Mills, 5000 men. Homestead
Mills 1000 men; Monessen and Char
leroi Mills. 400: Clarion Mills. 200C
men; Donora Mills, 600 men; Wools'
Mills, 1,ooO men; McKeesport Tin Plate
Company, 800; Glassport Glass Works,
500; Firth Stirling PrUjectile Works. 90
men, PittsburS Steel Foundry, Glass
port, 535 men; Glassport Coke Works
~ mon, and Severn Bros Works
GIsSsport. 100 men.
The Mckeesport Tin Plate Works will
resume in full January 1. Some OF the
Iuquense mills win start on the 1st and
others week later until all are in
operation The Firth Stirling Works
viii start December 20. The Pittsburg
Steel Foundry. at Glassport. Is so rush
60 mat the mills could be stopped only
Tor Christmas Day The American An
ard Tool Works starts January g. and
The mills at Braddock, Homestead and
other places will be in operation be-
tween December 30 and January 6.
Bears Press Two Stocks.
The bears contented themselves with
picking on Sugar and New York Cen
tral. their favOTite weapons in making
the market turn their way. but for once
tie list did not obey their desires. only
going of slightly. with partial recOy-
cries before noon.
They managed 70 break Sugar a point,
and Southern Pacific preferred Ia. with
q - loss In Copper. The rest OF the de-
Ciines to noon were scarcely worthy OF
ket during the morning hours being its
innate dulln9ss. unTelieVcd by the slight
est sensation or show Of activity.
Entering the first hour of the after
noon the market became a little more
lively. The sales for the first hour
were but 1900 shares, while to noon
but $500 shares more were added, the
dullness between II and noon being
especially noticeable and depressing.
Entering the second hour I'm the after
noon the list became moderately active
but at lower prices. declines extending
70 y point on the average, 10 = on New
York Central and II on Pennsylvania
Sugar was weak and here the break
extended to points
The market was weak and unsatis-
factory even though II yielded slowly
yet It yielded.