The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-01-25
NEW YORK STOCKS
AGAIN VERY SLOW
Prices Average Higher, But
Closing Was Rather
Soft.

NEW YORK. Jan. 25.-Close-Today' s
short session was all too long for the
narrow and embarrassing market There
wasn't much doing. and both the bulls
and the bears seemed TO be content to
let the market follow its bent without
let or hindrance on their part AS a
rule. prices were rather higher than the
ClOstngs OF esteTday-some improve
Tnents being noted Immediately after
the opening, but they gradually melted
away before the close. so that there were
but few prices that were better than
yesterdays final figures and some that
we're lower. Even with the narrow vol
Ume OF business and comparatively lit
tie pressure against them, the bulls
could not make any Roadway, although
during the greater part of the session
they appeared TO be In control.
There was nothing in the news OF the
morning that could be called encOurag-
ing, with the exception of easy money
and a little disposition on the part OF
The traders who sold short during the
last few days TO take the profits Of
fered and even up over Sunday.
Easy money should be a factor. but
the novelty has worn OF and the street
is now giving much concern TO the re-
ports OF railroad earnings and business
conditions.
The opening strength was largely IN
Northern Pacific, Pennsylvania, Sugar
and smelter, with New York Central
also firm
AT the close these stocks held part
Of their gain but elsewhere gains were
nearly wiped out. The Steels we're bare
~ steady IN the late dealings. Copper
held y and Smelter IL gain
Reading was one Of the active stocks,
nuctuatIng from II gain 10 a practically
unchanged closing. At one time it sold
down TO S9%. New York Central closed
y of.
Stillman RetiIes.
Wall Street evinced a lively interest
in the COnhrmati ton OF z. II. Hartman
OF the report that James stillman. presi-
dent OF the National City Bank. has re-
signed as a director from Union Pacific
and the Southern Pacific railroad com
panies-bOth controlled by Mt. Harri-
MAINLAND from the executive committee
Of each corporation. IN financial cir
Giles. however. the fact that ne has been
succeeded in every position vacated by
FRANK A. Nanderlp, vice president Of
the National City Bank, and close
friend, was offset against rumOrs that
MI Sulman was involved in certain
marked dissatisfaction in both direc-
acquiring new railroad properties. Mr..
Stillman recently went abroad.
Mr.. HaTrimans confirmation was in
this statement:
Things have got to be kept going and
Mr.. Sullman spoke TO me on this sub
ject before he went away. Il was agreed
between Us that Mr.. Fanderlip would be
an admirable man 10 have on the execu-
tive committee OF the companies. AS he
could not be such unless he was a Ill
rector, Mr.. SdIlman resigned and Mr..
Vanderlip was elected as his successor.
He will continue as such during Mr..
Sitnamn's absence anyway, and pos
sibly thereafter"
Even more interesting than this Har-
Ttman matter, however, was the rumor
that Ii really means that Mr.. Sullman
has put in motion long cherished plan
OF gradually withdrawing from nUmer-
Gus corporations with which ne has
been closely Identified for many years
1t is known that he purposes 10 spend
more Of his time abroad, and that he
has purchased and deliberately fur
nished q home IN Paris.
According 10 the last issue OF the cor
poration directory, Mr., Stillman is a
director. trustee, or officer in no less
than fifty-fOur different corporations,
INCLUDING the National City Bank.