Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-17
Prices Moved Within Narrow
Limitations Today.
DEALS WERE PROFESSIONAL
Another Furry Over Further Leg
islative Hostility.
NO INFLUENCE ON MARKET
Weak Opening Followed by Success
sion of Advances and
Declines.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORH March 1.-THE stock
market was quite undcmonstrative today
and the course of prices moving generally
within narrow limits hinged almost
wholly on the speculative operations OF
professional traders Such news as ap-
peared was for the most part undeveloped
In its nature, and it could not be said
that II had any special influence. The
market was waiting for something def
nitely important. particularly from Wash
ington. From there reports of the Presi-
dents forthcoming message were con-
flicting.
1t was said on the one hand that the
communication would be but a repetition
of the last message stripped of It's in
vective and more mderate in the, while
on the other hand 1t was said that the
President was impatient at the inaction
of Congress In considering his proposed
measures. and that he would soon project
one Of his characteristic seedlings.
A distfnctiveiy unfavorable impression
was created by the adoption of the Till
man resolution calling for investigation
Of the New York banks and their connec-
ton with the stock exchange i'll that IT
indicated that legislative hostility against
Wall street at the National capital had
gained ground. At the same slime the
progress of the Wagner stock tax bill at
Albany. hearing on which was scheduled
for this fternoon. aroused somewhat
more concern than thus far and began to
receive more serious consideration. None
of these influences, however. played an
important part In stock exchange opera
ticns. and. as noted. little other than tech
nical considerations governed the buying
and the selling.
Movements Within Marrow Range.
After a weak opening. which was APP
parently a continuation OF the profit
taking movement of yesterday. the mar
ket rallied somewhat. and subsequent
movements were a succession of advances
and declines within a narrow range. but
the advances were for the most part below
the closing levels of yesterday. The i'm
preston seemed to prevail that after the
recent protracted rise the reaction which
began yesterday was still technically; in
order although operators for sither side
of the account apparently hestated to
commit themselves to any great extent.
The volume of transactions compared
very unfavorably with yesterdays.
There were no special features i'm the
movement of individual stocks. with the
possible exception OF Amalgamated Cop
per. In which some reported Improvement
In the copper situation created Il better
sentiment. and was responsible for COM
parative strength. Speculative interest
was as usual conferred in Union Pcific.
Reading and st. Paul but there was moth
ing of special interest to be noted in con-
nection with the price movements recorded.
Some strength was apparent at times in
Missouri Pacific and Baltimore and Ohio.
while an advance I'm Erie second preferred
at one time exceeded fractional limits.
A sharp perpendicular decline in General
Electric at the opening was accompanied
by no particular explanation Operations
for foreign account were in somewhat
larger volume than recently. with an ex-
cess on the side of the sellers.