The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1909-03-13
MARKET IS STRONGER
Weakness in Ore Certificates
the Chief Exception.
WATCHING THE MINE DISPUTE
Financial Interests Await Action by
Coal Operators and Men-LOndOn
Houses Sellers, but Not in Large
Quantities-GOld Export Movement
Is by No Means at an End.

New York, March 12-There was a lit
Se. but only a very little, increase to-
my IN the activity of the stock market;
cut rising trend in the market was
even more noticeable than was the case
yesterday, whether or not It might have
been merely the effort OF spectators
FOR the fall TO recover stocks sold earlier
IN the week.
The rise was, however. plainly set. al
though not with any great momentum, in
an upward direction. this holding true
Despite the fact that London houses were
sgain IN the morning hours sellers Of
stocks. There was hardly any distinctive
feature TO the market. but in the dealings
before midday the Louisville and Nash
vile, Atlantic Coast Line Brooklyn Rapid
Transit. Consolidated Gas, and Union and
Southern Pacific stocks were particularly
firm. not to speak OF a continuation Of
the advance in the inactive Hooking Coal
and Iron shares.
Traction Stocks Decline.
In the afternoon the traction stocks de-
clined moderately at one time because
as seemed. Of the sympathetic influence
Of a fall in Third Avenue stocks. which
was In turn ascribed 10 the circumstance
that application was made yesterday for
the sale Of the company's property under
the foreclosure suit.
Before this time there was a percept-
ible amount OF weakness in the Great
Northern ore certificates. which was said
for lack OF a better reason, 10 have been
caused by current rumors that iron ore
= -
the new tariff bill
Even II action OF this sort should be
taken, it would probably affect but
slightly, even II at all. the business Of
the ore company in question, inasmUch
as the company has a contract for the
sale Of its ore at a fixed price But the
duty on ore, anyway, has been regard
ed In the iron trade as a particularly
negligible affair. The general strength Of
the market held until the close Of bust
ness. final prices being. as rule, but
little below the best Of the day.
There were no further developments
to-day in the Erie situation, and all the
stocks OF this company were obviously
inclined toward recovery.
News came from the conference be-
tween the coal miners and the operators.
as expected. that the demands of
the operators had been rejected,
and that another conference was in
progress.
Recognition OF Union.
There were some indications that the
dispute between the contending parties
has degenerated into a question OF rec
ognizing the representatives OF the
miners, as such representatives strictly
or as head OF the general union, which
includes the bituminous coal trade as well
as that Of the anthracite district The
mine owners naturally feel that they
would not be called upon 10 treat with
PEOPLE from the bituminous coal section.
The conviction is so strong, however, in
financial circles that the miners must
themselves realize the utter impossibility
of enforcing such claims as they have
made, and that IN all probability these
claims are merely put forward as a
means Of averting a possible direct sus-
pension Of labor for business reasons by
the coal mine owners. that II Is hard TO
awaken any serious interest in the entire
matter.
The amount OF gold to De taken by Sat
urday's steamer 10 London was increased
to-day from 100000 to 100000, with
signs that the gold export movement was
by no means over; but here again the
subject was one upon which Il was diff
cult 70 excite interest, owing to the press
ing manner IN which lenders are forcing
money upon borrowers IN the financial
district Money in large sums was offered
to-day for years use at IL per cent.
and nearly all the call money during the
day lent at ! 81 per cent.