The Washington herald., 1908-04-08
LITTLETRADINGDONE
Despite Lack of Activity,
Prices Are Maintained.
FAVORABLE COMMENT HEARD
Little stock for sale, Even If There
Are but Few Buyers Another
Break In Yukon Brings II to the
Lowest Point Yet TOuched-In
Final Hour Market Quickens.

New York, April IA squirt of activity
in the last hour of stock exchange busi-
ness to-day. most of this being confined
TO the closing thirty minutes of the period,
saved the stock market from making a
new low record for dealings for the year.
In the first two hours of the session,
usually the time when the market is most
active, the quantity of stocks turned over
was less than One-haif Of the small num-
Der Of shares bought and sold In the same
time yesterday. so that It seemed as if
even the two or three professional room
traders who shared between them the
bulk Of yesterdays operations had we'll
nigh wholly ceased their usual daily ef-
orts TO either buy or sell stocks for an ad-
vance or decline Of an eighth or quarter
Of 1 per. cent. But the market at this
time was, # almost absolutely inert, re-
markably firm
Favorable Comment Excited.
Favorable comment was everywhere ex-
cited by the fact that stocks did not ap-
pear to be pressing for sale even if buy
ers were few; and such a condition when
It developed is not infrequently sufficient
70 cause, IN and Of itself, a recovering
movement in values. During the morning
the only stock in which any life to speak
OF was exhibited was that OF the Third
Avenue Railroad Company which rose at
one time ~ points upon only a little buy
Ing. the raise being accompanied by
stories that an official report was likely
soon 10 be made by the receivers Of the
company. showing that its affairs were
better of than had been commonly i'm
agined and also that the company would
derive benefit from the prospective aboli-
tion OF the passenger transfer system so
far as il is concerned.
In the curb market a break in Yukon
Gold Mining stock to the lowest point
yet touched by il was regarded as a ma
tural commentary upon the peculiar sign
for the advance in the stock that had
been conducted. Neither this matter.
however, nor an advance in Canadian
Pacific stock exercised any sympathetic
influence upon prices in general.
Market Quickens Suddenly.
In the first two business hours after
midday there We're hardly any dealings
in stocks at all, but in the final hour the
market quickened suddenly, and rapidly
advanced, so that net gains for the day
Of between one and two points were
shown in the leading issues
The reasons, as commonly assigned for
the rise in speculative circles, appeared
10 be threefold One Of these was the
hardness of the market shown in the
early part of the day, to which reference
has been made
The second was a prevailing conviction
that the governments monthly crop re-
port, 10 be made public tomorrow after
3OOn, would exhibit winter wheat as be-
ing in the most advanced stage seen at
this season OF the year for very many
years back, and would testify 10 the
presence Of a favorable agricultural state
Of affairs in general
In the third place. there was a strong
popular impression in Wall street to-
day that the Eries plan of meeting its
maturing short-term Indebtedness, which
has been the subject most talked of in the
financial list In the last ten days. would
be found tomorrow when the notes in
question mature, TO be substantially sue
5sful.