The Washington herald., 1909-02-27

New York, Feb 3-Steadyinz Influences
continued to make their appearance in
the stock market to-day. In the first
place. the European markets were all rela-
lively buoyant upon the prospect Of a
peaceful solution OF the Austro-Servian
trouble. and London houses here for the
hrst time IN q fortnight were large buy
ers Of stocks
The tendency Of our own market, how
ever, in and OF itself, and even more
distinctly than yesterday. was toward that
equilibrium that naturally comes after a
period Of great disturbance IN values
For one thing, spectators for the fall,
whose members have been greatly In
creased CT late. were rather more wary
than they have been IN attacking prices,
largely because their second efforts 10
break the market by means OF an at
tack upon the Amalgamated Copper and
American Smelling and Refining shares
were attended yesterday with a rather
poor measure OF success
Many Odd Lots Bought.
Reports also began TO circulate. which
~ MGS Sui 4EaA4GE4 44dA a HAAStd4AAl
basis. concerning the heavy buying Of
stock for small investors which took
place during tbs market Generalization
q Tuesday. II was trustworthy learned
to-day that two stock exchange houses,
among the number Of those whose spe-
cialty Is dealing in odd lots of stock, exc
cuted On Tuesday nearly $500 orders for
the purchase Of odd shares. the orders
being n varying amounts.
The effect OF this was. OF course, coun-
terbalsncsd by the selling Of odd lots,
which also took place Nevertheless, the
absorbing power OF the market created
by the decline has again exercised It's in
evitable result Of diminishing the howinl
supply Of stock in the financial district
and the technical position Of the market
has thus been undoubtedly strengthened
Professional spectators to-day were
inclined. and for reasons that viii b
only appreciated by those familiar witt
the habit Of mind Of these operators. T.
concede q measure Of support 10 the mar
kst as likely 10 be afforded by the de
cision, or what was construed 10 be such
Of the Federal court in Chicago yester
day. practically annihilating the posi-
bility Of the imposition OF another S29,o0o,
90 fine IN the Standard OIL case nov
being tried IN Chicago.
Finally the considerations that havU
been frequently adverted 10 in tnIs column
in the course Of the present week, a
emphasizing the probability that what
ever warfare there was in the stee
trade would be Of brief duration. Werl
az last effective to-day in inducing
much more reasonable view of this sit
uati0n than has heretofore prevailed.
steel Trust the Gamer
II may be TOO soon 10 make such
statement. but If II is the time is prett
near a. hand when the statement can b
made that the exceedingly heavy cut
and generally radical attitude assumed b,
the Steel Corporation in the matter. hav
already placed II once more in practica
control OF the steel market
Another encourag ging development 10
day. although IL was not made unit
business hours were nearly over. was tn
declaration by the President-eIect OF IN
United States that II was his expectation
that new tariff laws would be completes
so as to become effective on June next
Such anticipations seem al the momen
10 be rather over-Optimistic- II was Oh
viOUs. however. that whatever infuenc
Mr.. Taft has VIII be utilized in hUrryin
along the tariff revision programme. an
this. from a financial point OF view. is
matter for plessurable feeling
Probably under the immediate lea
Of the London bsying, the stock marke
opened to-day generally higher than
closed yesterday. reacted somewhat. an
then took Up an advancing movemeu
which lasted until the close.