The Washington times., 1909-01-23
Vqu York Stock Market Is The Good Strength Sho1un in The
STOCKS WERE RATHER ERRATIC,
WITH ERIE THE WEAKLING.
INDUSTRIALS FIRM.

NEW YORK, Jan. g5.-N lille the ma
1oTity OF the stocks showed tone and
class. the Fries were a handicap TO the
market, ana the action Of Union Pa
Ci1c seemed TO indicate that IT had
reached a point where it would take
main force to advance It further
The approval OF the Erie bond issue
has not been obtained as yet from the
public service commission Of New York
city. The outcome OF these negotiations
are awaited with interest, but the
Street is becoming fixed in its opinion
that there is nothing for Erie common
no matter what the service commission
decides. The weakness in Erie was
really the bane OF the whole market.
The common stock was of a point. the
preferred also a point, and the second
preferred nearly points.
AtchisOn, Baltimore and Ohio, Can
itdlan Pacific Chesapeake and Ohio, Col
orado southern Great Northern Illinois
central, Northwestern. and Rock
island Issues we've all very steady, and
there was not the slightest evidence of
weakness therein.
Missouri Pacific broke from Il 10 6gBs.
put rallied again TO 70lz. Norfolk and
Western, and Pennsy We're or g.. North
American WIS 14s lower.
st. Paul Stronger.
leader in tone. 1t opened at 1875 and
sold TO $50 and closed firm, Southern
Pacific lost but p. while Union Pacific.
after losing q fun point, made IL 3
net loss I'm the closing.
Industrials a Feature.
The feature OF the day was the
strength in the industriaIs. Rather an
uncommon factor 70 find the rails rath-
ar inclined to wobbIe and the indus
trials very steadfast. The strength OF
Steel shares are the most favorable
factor in the industrial list. The sup
port on these shares is general and
comes from legitimate buyers who are
satisfied, come what VIII, that the man
agement Of this great corporation viii
be found prepared to care for IT. The
common stock closed at 1874, ana the
preferred at ll#s.
Brooklyn Rapid Transit made new
low record for the week at 6S-Es pu'
rallied a point before the close.
The theory advanced some time az,
that the italian earthquake cataSlroph.
involving a serious loss to olive tlol
was decidedly favorable TO America
Cotton oil is now accepted Dy many 81
the reason for the advancing prices III
that stock. The trade reports JaSJ lh'
demand for this product from aoioa.
has materially increased lately. HlGue
prices than the present are stun loohel
fOr IN the stock.
c. F. & I. Placed.
The statement comes from source
away from Wall Street that the futUr'
OF the Colorado Fuel and Iron property
has already been decided upon, but I'D
announcement is expected relative TO !
until the Senate steel Investigation an'
tarif agitations have been settled. TIN
pooI now active in this stock expects Z
be successful in working the price OF
10 considerably Dol gher levels
In many Of the commission house
Southern Pacific seems to be selected a.
the favOrite stock among the rail issue
for speculative possibilities ADVICE
srs freely offered TO buy this sTOc-
whenever reacJiOnary. Nothing Offlcia
can be learned to confirm many OF Ihi
rulnors stiI in circulation regarding o.
early increase IN dividends for TIM
stock.