Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-13
SAGG|NG TENDENCIES
Little Improvement in General
Conditions.
TRADING RATHER LIGHT
Declines Numerous in the Several
Departments.
DEALS LARGELY PROFESSIONAL
DEALS LARGELY PROFESSIONAL
London Also Dull and Irregular
Foreign Houses Again Sellers.
Some Extensive Advances.
Special Dispatch To The Star.

Special Dispatch To The Star.
NEW YORK. January 13.-The transac-
tinus in the stock market today showed
little Improvement in general circum-
stances over those noted in yesterday S
dealings. During the greater part of the
business session the trading was in rather
light volume and was characterized by
sagging tendencies.
The position of the Erie property was
again referred to one of the chief de-
torrents TO greater animation. and reports
we're persistently circulated that the pub
lie service commission would shortly an
nounce it's conclusion in the matter of the
application of the Erie company for an
authorization of an issue of 100000
Collateral trust bonds.
Declines exceeding those noted in the
Erie shares were however. numerous in
me several departments Of the market.
There was little or nothing in the morn
1ngs Situa ton otherwise to which the
tendencies of the market could be directly
referred AS was the case yesterday, the
trading was largely of Il professional
character. the market not being appealing
with any force 10 outside spectators.
London Irregular.
The London stock market was also dull
and irregular. partly in connection with
the progress of the fortnightly settlement
and also on account of the apprehensions
that the discount rate of the Bank of
England might be advanced to 5 per
cent at tomorrow meeting of the gov
ernors. A counterbalancing influence
there was the more peaceful aspect of the
political situation in southeastern Europe
Foreign houses were again sellers in
the local market. disposing on balance
of about 1900 shares of stock. The for
eign exchange market was somewhat
easier. and no substantial alteration was
observed in money market circumstances
The operations between the banks and
the subtreasury since last Friday still
show an advantage to the former of more
than 81 .ste.eU.
Extensive Advances.
Although several of the railway and
industrial specialties scored further sharp
advances. price movements in the va
rious departments of the market were
characterized by unusual uniformity. The
most extensive maximum advances noted
took place in Toledo. St. Louis and West
ern. Wisconsin Central and National Bis
cult.
There was again increased interest
taken and a greater amount of discus:
sion toward the prospective revision of
the tariff, which doubtless accounted for
the generally heavy tone noted in the
CtIldneouS shares.
The most active features of that depart
ment were, as usual. United States Steel
common. Colorado Fuel and Iron, Amer
ican Smelling and Amalgamated Copper
The local traction securities were gen.
rally heavy. although Brooklyn Rapid
Transit enjoyed an early sharp advance
on the repetition OF the reports recently
current that dividend payments on the
stock would be instituted before the close
of the current week.
Transactions in the railway list were
unattended by any actual news or gossip
OF novelty.
Leading features there in point of ac-
tivity were Reading, which was excep-
ronaily steady: Union and Southern Pa
cffic, the Hill stocks, the ST. Paul, Penn.
sylvania and New York Central.
A fairly large volume of business was
conducted in the bond market which
however, exhibited a greater degree of
irregularity than has been displayed for
some time.