The Washington herald., 1909-03-27
MARKET IS LTSTLESS
Few Changes in Prices from
the Close of Thursday.
GOOD UNDERGONE NOTICEABLE
Brisk Buying Movement Sets in in
Consolidated Gas - Dealings in
Mexican Railroad Securities on
Large scaIe-COpPer Stocks Also
show strensth-GoId for London.

New York. March 8-At least this
much could be said in Wall street to-day
that the days stock market was the
most interesting seen in the present week
The standard and usually active stocks
were throughout practically motionless,
and closed either at the same quotations
that they did yesterday or at fluctuations
rarely exceeding 4 Of 1 per cent there
from. and such life as there was in the
market Al all was mostly furnished by
the dealings I'm certain low-priced indus
trial and railway stocks that are usually
designated as belonging to the Inactive
class
Nevertheless. and in spite of this. the
predominating tendency OF the market
5, as IL has been for a considerable
ne past, toward a higher range Of
ues. Small as the changes were in the
ortant stocks. they were In nearly
cases gains rather than declines. and
was the general impression that there
specific and substantial reasons actu-
Ig the advance In al least some OF the
sr securities named. Moreover, not
al the prominent stocks to-day were dull.
Gas Stocks Move Up.
Toward the close OF business a brisk
buying movement set in in the Consoli-
dated Gas shares which advanced their
price considerably. and was accompanied
with a sympathetic rise in the Brooklyn
Union Gas and Peoples Gas stocks.
Dealings were on a relatively large scale
in the Mexican Central certificates. these
representing the merger stock OF the re-
cent consolidation OF the Mexican Cen
tral and the National Railroad properties
or Mexico companies into a concern con-
toned by the Mexican government, and
the price Of the certificates advanced a
couple Of points
distinctly harder undertone was dis
played by the copper mining stocks both
here and in the Boston market and the
feature OF the days market was in every
sense notable advance in American
Beet Sugar stock. The Atchison common
shares also rose 10 the highest price point
touched by it in the present movement
because. no doubt. of highly favorable
comment excited by the Atchison's report
published yesterday of it's large increase
In gross and net earnings in the month
OF February
Money Is Easier.
decidedly more cheerful feeling was
produced to-day in the foreign financial
market, not only by the numerous indica-
tions, that appeared this time 10 be Of q
more solid character than they have
hitherto been. of a final settlement OF
the Servo-Austrian imbroglio. but because
OF increasing evidences OF monetary ease
in all the European capitals
Discounts were reduced nearly every
were to-day in these cities. and il Is
obvious. in view OF the large quantities
OF gold already on the ocean ard point
ed for London. that the Bank of Eng
land discount rate must be reduced with
in short time. and perhaps by as much
as 1 per cent.
Here to-day the estimates Of the weekly
movements Of money In and out Of the
local banks were unusually confused, and
the character of the showing likely tc
be made IN to-morrow's bank return was
regarded as highly professional