The Washington herald., 1909-04-15
STOCK MARKET DULL
Price Changes Are Small and
Closing Irregular.
SHARP ADVANCE md & L.
Inactivity Prevails Most Of the Day,
the Moderate Advancing Movement
of Early Dealings Not Being Main
tained-TOVvard the Close a Brisk
Rise Sets in for Anthracite Issues.

New York. April i4-Lack Of interest IN
the security market was the notable fea-
ture Of stock exchange operations to-day
during four-ffths OF the time devoted 70
official business, and the reason common
" although OF course incorrectly, as
cribed was the disagreeable weather con-
ditions.
The comparative dullness Of the mar
ket did not assume the form Of actual
inactivity, inasmuch as the volume OF
dealings was about on the same scale as
it was yesterday; but fluctuations in
prices were not important and were for
the most part highly Irregular
London houses turned up buyers. before
noon. Of somewhere between 5000 and
1900 shares Of stock. for what reason did
not appear plain. except that the failure
was announced IN the British capital of
dealer in American securities. who was
said to have been heaviIIsy, snort OF the
market; and there were indications that
the speculative interest Of the kind de-
scribed In American stocks In London was
good deal larger than has been popu-
larly supposed.
No Worry over Turkey.
For one thing the foreign markets were
but little scared over the recent develop
ment In Turkey. and what selling OF
stocks was INDUCED in on account OF
this in the earlier part Of the day. was
turned into q buying movement later on.
Here at the outset, the market was firm,
the various gold securities. especially,
leading IN a moderate advancing move
ment Nearly all the stocks and bonds
belonging 60 the class named have for
many weeks past shown decided strength,
and so far as appears on the surface
the reason for this IS prevailing i'm
preston that the Gould system as a
whole is 20 suffer a change Of manage
ment, general financial upbuilding and,
II may be. transfer OF control as re-
CARDS various individual properties.
Realizing sales made their presence felt
In no inccnsideTahle degree in various
prominent stocks serving % make the
general tendency Of the marke; for the
greater portion Of the day more or less
in doubt. but toward the cIoss DriSsSS
rise set II - eli tina anthracite Issues
led by a sensational advance OF sixty
points in Delaware and Lackawanna upon
sales OF but 500 shares OF the stock.
Good Reason Shown.
From a mere cUrsory inspection OF the
course ef the market it seemed as II the
late advance was wholly due to the up
turn in Lackawanna, but as an important
rise also occurred in a stock of the
character OF New Jersey Central and the
movement was accompanied in the Read
ing. Ontario and Western. and Delaware
and Hudson stocks by buying Of what
Wall street calls the best character.
II is probably that the advance was due
70 really substantial considerations.
II IS 81 least practically certain that
3 definite settlement Of whatever matters
that are in dispute between the coal op-
orators and the miners unions Annot be
long delayed. The employees O. the min
ing companies are plainly averse TO
strike, and must be aware that with
trade conditions as they are II VIII be
really momentous victory for them II
they can secure an agreement as TO rates
Of pay and hours Of labor for another
three years upon the same terms as the
one Just terminated
The stock market left of with an in
termingled showing OF advances and de-
clines, but with gains predominating.