The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-04-19

opinions ON the New York Market.
Benjamin Woodruff. Of Post & FIagg.-
The opening was stronger than the bears
expected. There was no indication as to
what the market was likely 20 do the
shrewder traders being Inclined to buy for
"a turn, but they appear to be very careful
about getting hooked in with the goods,
as they call il. The tendency after the
first hour was 10 sag. but the traders re-
ported that there was very little stock in
the market The market was dull and
traders found 1t hard 10 make anything
out OF IL, but thought there was a sufl-
cient number Of buying orders to prevent
the market from going of to any extent.
After the announcement Of the Amalga-
mated Copper dividend, which was az the
same rate as the previous quarter. the
market hardened somewhat and prices ad-
vanced fractionaliy. ~ the end there was
a sharp rally. the market closing Al the
highest prices OF the day. with indications
OF further rally tomorrow"
S. H. Agnew, Of Henry Clews & Co
" Inertia is the word which best de-
seribes the state OF the market. Up to .
O'Clock less than 20a000 shares had been
traded iH-n0t good half hours business
on a busy day. Up 70 the noon hour
brokers for foreign houses had hardly
opened their books, ana the same could
be said Of many Of the floor traders. The
large professional traders do not seem to
pe pronounced Ia their views, ard are
apparently willing to trade on either side
Of the market There was little pressure
70 sell, AID the demand for stocks in the
loan crowd was rather small. which indi-
cot 10 e.f., s.-E @
duced. and speaks well for the market,
considering the extreme dullness. In the
afternoon hours the floor traders worked
diligently 10 inject some life into the
market. first By selling a few stocks and
then buying them but Until the last half
hour it was uphill work. Some short
covering and a little buying BY floor
traders in the last half hour caused a
slight rally on the negative influence Of
10 further bad news. Nothing new came
out al the Interstate Commerce Commits
sion to-day Many expected that the
Hartman investigation would be taken
up again"
Herbert L. Jones. Of Charles C. Gates
& Co.-''The market is merely drifting
and until 1t settles definitely opinions are
OF no value. On sharp declines investors
viii have opportunities to pick up bar
gains"
o. Bowie Chapman. OF E. r Chapman
& Co.-''Trading was cErfailsd as shown
by the total sales Of the first hour. which
fell considerably below a hundred thou
sand shares. The range OF prices Was. IN
interesting, the market showing ten
dency to sell OF. In the latter part Of
the afternoon speculation frightened a
bit, and with increased activity. prices
recovered, soon crossing last nights level.
and almost all the active stocks shaw
gains on the days changes. Quarterly
dividend on Aualgamated Copper was the
same as the last that is. ~ per cent
regular and = OF ! per cent extra. Al
though t0-nights prices show a slightly
more cheerful attitude, the dealings still
continue almost entirely professional. and
il remains to be seen whether t0-day's
gains We're on short covering only or
whether support is TO be given toward
higher prices. At any rate, just Tor the
present Il seems a traders market with
a narrow range of fluctuations and ten
dancy toward dullness Immediately upon
the room raiders showing a disposition to
hold aloof"