Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-23
Spirit of Betterment Preserved
in Today's Dealings.
TRADE VOLUME SMALLER
Forthcoming Message Of President
the Main Topic.
INDUSTRIALS QUITE ACTIVE
Conspicuous for Strength and Ac-
tivity-sharp Advance n
Sugar Refining.
1NDUsTRIALs QUITE ACTIVE
Special Dispatch to he Star.

Special Dispatch to fhe Star
NEW YORK, March 23-Today's stock
market preserved in the main the better
Ing tendency which has been exhibited
during the greater part of the present
month During the larger part OF the
business session the trading was indeed
conducted in somewhat smaller volume
than Of late and there were few changes
to be noted in the essential characteristics
of the dealings. There was little or MOTH
ing IN the occurrences over Sunday CAL
culated to impart any fresh spirit TO
speculative sentiment
Discussion during the day was largely
taken I'D with the forthcoming message
OF the President to Congress. but the view
seemed 70 prevail commonly that the
document In question would turn out to
he a conc,liatory and reassuring COM
nunication, otherwise the steadiness OF
The rsrke, st large was generally referred
TO such evidences Of Improvement as are
now being displayed in financial ana IN.
dustrial conditions at large. sentiment
has naturally been helped by the feAn-
iustrnent In the affairs OF q numoer OF
local banking institutions. and 1t goes
without saving that the prospective re-
sumption Of business by the knlGkeI-
booker Trust Company is particularly
encouraging development
Copper and Steel Stocks.
Authoritative reports with regard to the
current state of affairs in both the cop
per and steel trade concur in setting
forth n distinct. If only moderate pet
terment In the copper trade there ~efe
made during the past week some or the
largest transa ctions in that metal recent
A>1 OF hi2nef OHlC0S
than those obtained previously. The I'M
provement in the iron and steel industry
is easily susceptible of exaggerauon. put
there seems to be no question whatever
that a permanent turn for the better mas
taken place in that direction.
The industrial and miscellaneous stocks
were decidedly conspicuous In respect OF
strength and activity in the days trans
actions. The American Sugar Rennine
Company. as, had been promised az tne
made public for the first time In Its his
tory a statement Of its earnings for the
ended fiscal year, and the showing was
highly encouraging to the sharehoiders
and was succeeded. logically enough, by
a sharp advance In sugar refining stock
An upward movement In Pacific Mail Waa
generally referred to the still somewhat
vague outlook for the passage by Con-
gress of a shipping subsidy bill.
Other extensive movements In this quar i
ter of the market were shown at one time
or another during the day in American
Locomotives. Distiilers' Securities. National
Lead ana Western Union. Fluctuations in
such usually active stocks as the United
states Steel shares. Amalgamated Copper
and American Smelling were relatively
small. as we're those in the traction shares.
Leading features Of the railway list
were Canadian Pacific. Northern Pacific.
Great Northern preferred. Union Pacific
and Reading. Movements In the last
named stock were quite irregular. how
ever. and there were many reports cur
rent that serious labor difficulties were
impending In both the anthracite and oi-
luminous coal regions.