The Washington herald., 1908-04-21
MARKET NOT LIVELY
Exchanges in London and
Boston Observe Holiday.
PRICES RISE QUITE SLOWLY
Little Excitement During Forenoon,
and Later Whole stock Exchange
Seems 10 Go to sieep-CommissiOn
Houses Complain About Dearth OF
observation-disclosures Are Few.

New York. april 2o.-Another chapter
in a story OF deliriums was again all that
Wall street had to offer to-day.
There was action, it is true, little
larger than was averaged last week, but
the market was the same limited and
tedious professional affair, swinging list
lessly back and forward within a narrow
range Of point at the most in the more
active stocks, than il has been for the
past fortnight To-day, an additional
force, making for dullness, was, perhaps,
the fact that the markets on the con-
tinent Of Europe were closed on account
Of the extra holiday; in London because
Of a bank holiday. In Boston. they were
closed because Of a holiday local TO the
State Of Massachusetts.
But in view of the present dullness, #
is probably very doubtful II our market
here to-day would have been any more
brisk t4an it was, even If the stock ex-
changes everywhere were in full swing
Prices tended to rise slowly and hesitat-
ingly throughout the morning, but seem
ingiy went TO sleep az midday and In the
afternoon, sagged with rather more
rapidity than they had previously ad-
vanced, so that they closed. as a rule.
quite little below the final quotations
Of Thursday.
Developments Are Few.
What financial developments there were
since the end of the last stock exchange
session and during the day were small in
number. and were OF a kind that, al
though they attracted passing notice.
were hardly at all commented upon and
exercised feeble, If any, influence upon
the course of values
The leading commission houses declared
that the quantity Of orders received by
them. either for the purchase or sale OF
stocks, over the three days suspension
Of business, amounted TO almost nothing,
and the fact forcibly illustrated the pres
ent apathy of the public.
Hardly any attention was paid 10 the
announcement of the Sl5.000e0 bond is
sue OF the Chicago, Indiana and South
ern Railway Company, guaranteed 10y the
Lake Shore Company, although little
doubt was expressed in view Of the high
character OF the bond, that it would hnd
ready sale.
certain 0f the common stockholders OF
the L. 5. Steel Corporation. 10 the con-
unued payment of bonuses 10 the officers
OF the corporation, under the plan OF
operation that has long been carried out,
was but little regarded, and none Of this
opposition manifested itself in any way
al the annual meeting of the L. S. Steel
Corporation held to-day III Jersey City.
=. goTrFu- F,1Fo.s.a
Similar wranglings in Congress over
the sort OF financial BILL if any, that
Will be passed at the present session.
We're in no sense q market factor: nor did
the continued discoUraging reports Of
earnings made by so many railroad COM
panies during the stock exchange interim
seem 70 induce any-selling of stocks.
Half a million dollars in gold was en-
gagged to-day for export to Europe, and
with larger transactions in the same
line pending, which were expected 20
be closed before the end Of the week, and
with another reduction to-day in quoted
rates for the use Of money, for both
short and long periods, IL was commonly
conceded that something more than or
dinary Withdrawals Of public money from
the national banks by the Treasury
would be necessary IN order to check
the volume of prospective metal remit
rquCPE