Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-07
Generally Heavy Tone Marked
Today's Dealings.
FOREIGN ACCOUNT SMALL
Number of Specialties Declined
Notably Rapid.
SOME RALLYING POWER LEFT
Trading Largely of Professional
Character-U. S. Steel Ex-
ceptionally Firm.
SOME RALLY1NG POWER LEFT
Special Dispatch to The Star.

tpH'ldt DlspHttD TO L ne SfAr
NEW YORK. February To-day :
stock market was again generally heavy
during the greater part of the business
session. with nothing Of actual novelty to
he adduced in connection with the course
Of prices A number of the specialties
declined with particular rapidty. but the
market at large. as has been the case
throughout the week. showed a certain
degree OF rallyinS power.
In the London stock market the chief
feature was the further downward re-
action In British ronsols American
stocks were quoted AT irregular changes
there in compa rison with New York s
closing prices of yesterday and very little
was done here for foreign account
Little interest appeared to he taken
IN the outlook for tomOrrow's bank state
ment. which it seemed to be generally
expected would make a somewhat mega
tive exhibit. The banks have regained
from the subtreasury a large part of the
loss reported in the earlier part of the
week and no great alteration in the loan
account is expected
In the early part of the business session
a good deal of attention was given to
Washington advices with regard to YES
terdays conference between the Presi-
dent and the democratic members of the
cially in view OF the text Of the dis
patches. In fact the diplomatic situa-
ton and prevailing and prospective po-
Gticsl conditions formed the chief themes
of discussion throughout the day
Steady Tone at Opening.
NJ the opening of business tho stock
market displayed fairly steady tone
Out its subsequent course was a sagsing
one. interrupted by such rallies as have
been familiar features of the dealings
throughout the week There was little
change I'm the general characteristics of
the market the trading being represented
nv large preponderance of strictly pro-
1essional operations acconipa MED by act
ual liquidation In some directions
The traction securities were all heavy
with a particularly sharp but unexplain-
ea preak In Tw1n-t1ty Rapid Transit
Brooklyn Rapid Transit was also heavy
on the possibility of the passage of the
measure pending in the legislature look
ing to reduction i'm the fare TO Coney
island and also on reports that efforts
will be made to compel the company to
place It's wires under ground
u s. Steel Very Firm.
The United States Steel issues were ex-
eeptionally firm in the industrial group
which otherwise moved In common With
the market at large. American Locomo-
tive and Ice securities were notably weak
In the railway list there was particular
pressure evident in the dealings in Balti-
more and Ohio. the Erie shares, Norfolk
and Western. Wisconsin Central and Mex
1can Central. In the more active shares
In that department of the market final
price changes were not very extensive
Aside from the now familiar dividend
rumers and those relating to the general
financial affairs of one corpora tion or an
other. there was little nothing to be
cited In connection with the movements
in particular stocks