Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-06
Feverish Tone Characterized
the Trading Today.
MANY BARGAIN SEEKERS
Long-Absent Spectators Dabbling in
Stocks Again.
MORE DISTINCT RALLYING P0WE
London Was Decidedly Weak in All
Departments - Local Trad
ing on Enormous Scale.
MORE DISTINCT RALLYING POWE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 6-There were
some rather vague and indefinite symp-
toms Of improvement in the stock market
today. although the dealings there were
marked by many additional severe de-
clines and the trading was at all times
characterized by a very feverish tone. 1t
appeared to be the case for one thing
that the well-advertised decline in prices
has had the effect Of bringing the bargain
seekers into Wall street. Many repre-
sentative houses reported that they had
purchased for cash large and small lots
Of stock for the account Of customers who
had long absented themselves from the
market.
Buying Of this description is Of class
that Is described as good particularly
inasmuch as it leads to a reduction in
the banks. liabilities and the practically
permanent withdrawal from the market
of the securities purchased. Then, again,
while further heavy liquidation was OBJ
served today in q number Of particular
securities, the selling of this character
did not appear to be so general as 1t was
on Monday and yesterday.
Irregular Price Movements.
Furthermore, and In spite Of the exceed
ing irreguiarity Of price movements. the
market unquestionably showed upon occa-
sions a more distinct rallying power than
1t has done at any time during the current
week.
trading in general was conducted under
the same set of influences and market fac
tors that have engaged attention through
out the long decline In prices.
Money market continued undisturbed, and
there was little news other than of a rou
tine character relating to the market-at-
large or particular stocks. The London
stock market was decidedly weak in all de-
partments. and while American stocks were
for the most part quoted well above parity
with New York's closing figures of yester-
day, the dealings there were marked by
very feverish tendencies.
Local Trading Enormous.
Operations here for foreign account re-
suited on balance in the sale Of about
10000 shares. The local trading was again
conducted upon an enormous scale Of ac-
tivity. and the dealings reflected a very
general distribution Of interest.
The Industrial and miscellaneous issues
than they have done of late and the deal
ings there contributed much larger pro-
portion to the days aggregate.
The United States Steel stocks were pro-
nounced weak, as were the shares OF the
other iron and steel companies and the rail-
way equipment issues Consolidated Gas
and the local traction stocks were again de-
pressed specifically in connection with the
progress Of the public utility bill at AL
bany.
Erratic Changes in Railway List.
In the railway list there were unusually
wide and cratic fluctuations in prices which
carried many stocks around an extensive
range At one time or another during the
business session some Of the active stocks
showed advances ranging from two to five
points. while in other directions losses
ranging from two to seven points were re-
corded. On a single transaction Delaware,
Lackawanna and Western sold 24k points
below the last transaction, and on small
dealings New York. Chicago and St. Louis
common broke over IL points.