The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-02-05
HARTMAN SHARES G GENERALLY
WEAK, BUT MARKET is SPOTTY
AND ERRATIC.

NEW YORK. Feb. 5.s p- m,-Ihere
was no Improvement i'm the market in
the second hour of the afternoon. Bust
ness was very dull and the price
changes were uuimpoTtaut. Unless the
usual last half-houF activity develops,
If Will be one of the ightest trading
days the market mas had for weeks
NEW YORK. Feb. 5.-1 D. m.-TheTe
,rsE rayner more doing on the Stock
Exchange and yet the market was only
active in spots and i'm spots it was very
weak and again very firm Sufficient
has been said 20 indicate the fact that
it was not a good market for the semi
professional and the professional trad
oT
a number of Influences tended To UNI
settle tie list. Harimans health was
again ina question and this was made
The excuse Tor a serious attack on
Union Pacific,
II is evident that some holders of
Reading are getting out, not desiring
TO take any chances on the "commod-
ity clause" decision, which viii prob
ably be handed down within a few
days at the longest. The memory Of
the smash i'm Consolidated Gas is not
conducive to confidence in the stability
of the coalers. with such an important
decision pending
Million Gold for Export.
Gold was engaged for export TO the
amount of S1l00O00. More may be taken
before the close of banking hours
There was weakness in Northern Pa
cifc, and for this the December earnings
we're responsible. Operating revenue
showed decrease of S4SL66l. This con-
EeTvatism was not Indicative of pros
porous times.
New York Central was also easier,
this being partially due to Hartman
stories, and also to the fact that the
road earned but So per cent in 1908. A
loss OF So 100000 revenue as compared
with 1907 receipts was overcome by a
reduction of $l33s4,0JO in operating eE-
peuses.
Messrs. Morgan, Prick. Reid. and a
number of leading operators and finan-
Ciers have gone. thus early. TO Europe.
This would seem 10 indicate two things.
one, that the market viii probably
remain IN ITS vacIllating way with com
parduyCly little business for some
months TO come, the other. that the
affairs of these factors, so far as market
operations are concerned, are In good
shape. and they are big enough to be
Ia the clique that has been bulliug
stocks for msuths-
Four Per Cent for B. R. 7.
Brooklyn Rapid Transit has been as
EidUously doomed for some time FAST
on the theory that the directors would
declare a 4 per cent basis dividend. As
usual the market was right and the
declaration was made this morning. !
Per cent quarterly.
Chesapeake and Ohio received a slight
jolt this morning after its usual sky
roCketng. reaching o. and then turning
20 ga and rally 90 g.. This was prob
ably due TO a dispassiOued review of
the action OF the stock in a financial
paper, In which it was shown that there,
was hUt Little backing for the stock
a. ID points below current figures, when
there was real value Speculation and
got merit has been the only cause of the
last 10 points rise.
Illinois Central weak and ia lower.
probably on HaTiman's sick headache.
As the session advanced New York
Central recovered from its Jolt but this
was about the only change OF impor-
Tauce.
In tie industrials ss0la point loss es
were sustained I'm Shelter and Copper
end Chicago Gas. Consolidated Gss
was stronger
Gould Stocks Features.
The Gould stocks were features. Tol
their tone. but later on the Denver AND
Wabash preferred issues lost a full
point Missouri Pacific and Texas PacE
1lC were the strong points.
The market passing into the secou,
hour of the afternoon was decidedly
quiet