The Washington herald., 1907-04-20
Opinions on the New


The market opened slightly lower, bat
trading became almost stagnant, and
only now and then professional traders
caused "a little activity during the day
Many stocks. usually active. were only
traded in TO The extent OF few hundred
shares. The market closed irregular. with
prices generally unchanged from last
night ] am inclined 70 look for a mar
ket similar to that of to-day for perhaps
a fortnight. II is apparently such mar
ket as the nimble Spectator viii find lit
lie trouble On working 10 his distinct adj
vantage on both sides Of the account"
s. II. Agnew, Of Henry Clews & Co.
The market was listless and without anI-
nation through the entire session, Ca
/ bles brought over few selling orders.
particularly in the Steels and Union Pa
cinC. Foreigners are beginning to realize
that our market is purely professional
/ and are beginning 10 employ home tactics
{ 0f picking up stocks on The dips. with the
/ idea of putting them out again when 0p-
lpOriunity offers of securing moderate
profits. There seems 10 be little in sight
/ 20 change this course OF events. Stocks
Iare low enough TO warrant purchases at
/ fair concessions. but as the large mOneyed
/ Interests show no disposition 10 buy them
/ for permanent investment, it is useless 10
! expect any pronounced advance. Gener-
ally. In lethargic periods prices are apt 10
/ sag. but I'm the present dizziness the mar
/ ket holds its own. This is due to the fact
that there IS no longer liquidation press
/ ing 90 depress values.
/ 1T is said that the undertono OF the mar
ket is good; the great trouble is, it is too
far away
Herbert /. Jones, Of Charles G. Gates
/ & Co.-"The market continues 10 drift so
I aimlessly and listlessly it scarcely de-
serves the name OF market Commits
sion houses have fewer stocks than al
any time in years. To all appearances
a heavy short interest still exists. 1t is
an old adage that There is no profit in
/ selling a dun market. particularly one
that has declined 20 10 100 points. Any
change should be Tor the better"
I C Bowie Chapman. of z. r. Chapman
/ & Co.-"The market was about the same
in character as that Of the last two days.
\ While there was "A small Increase in the
transaction, it was slight, and due en-
tirely to the activity of room traders. A
view of the prices tonight shows most
OF them fractioHally lower than last
night a few unchanged and a very few
with slight advances. In so duh and fea-
tureless a market ali the elements on
which to base an opinion are absent.
cannot see anything in the situation to
cause an advance other than rallies on
short covering. The market is being left
4 singularlv 10 itself. with an entire absence
of any disposition to cause improvement
and I would not advocate purchases at
this time"
Benjamin Woodruff, of Post & Flagg-
, THE market does not show material
3 change to-day. but the fluctuations art
in favor Of slightly better prices. so that
! although we have had another day OF
I duuness and light transactions. the re-
{ suit is favorable in the maintenance and
even improvement of last nights better
figures. Operations continued to be pro
} fassional and, therefore. do not carry
much significance as indicating any de
cided trend of public sentiment It Is
doubtful. indeed, IL much optimism caI
|, ! be expected for a while from the public
which has been hurt or badly scared II
8 the recent smash-up Of prices. It look
/ as if the level now reached IN the maTke
+ afforded many attractive purchases, ana
p / believe that such will prove to be th'
3 case by autumn as crop news IS favor
Z able; but for the near future there is no
, likely TO be sufficient activity 10 sustain
{ any upward movement, and the best tina
can be hoped t0r is opportunity to maxi
1 reasonable trading profits on the swings.