The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-03-13
DanDaymMY
VERY DULL DAY IN STOCK MARKET.
q LEADERS HOLD FAIRLY WELL.
SOME WEAKLINGS.

NEW YORK, March 13.-Close.-The
closing of the market, indeed its entire
action during the short two hours ses-
sion, was in keeping with the character
of the operations during the entire
week. The volume of business was re-
stricted, at times there were spurts for
higher levels, and then weakness de-
Veloped- The fnal closing was on about
as duh conditions as at any time during
the week. The leading rails in the Har-
riman group showed little change in
values.
There were symptoms or strength in
ali OF the Gould stocks, and especially
in Missouri Pacific, which rose point,
and held most of the advance TO the
end The only possible excuse for this
ris9 was found in a report that Mr..
Hsrrimaus friendship for the Gould
morning. is now having logical effect
on the Gould group
Not Effective Elsewhere.
But this logical effect was not wit
messed in anything but Missouri Pacific.
Wabash issues were lower to the extent
of a point. Denver dropped 81. and was
off all through the session until just
before the close, when Il recovered.
Texas Pacific did not move one way or
the other. Colorado Southern was q
off. II is perhaps probable that the
Gould interests viii make more effort
in the upbuilding OF Missouri PACING, It's
favored security. and that therein lies
the truth or today's advance.
Considering the volume OF business
transacted the irregUlarity was rather
ma rked, the fluctuations on many stocks
being within 4 points range, with the
average changes about Z point. There
We're many changes OF i Of 4 point, too
mnimportant to require special mention.
The strong spots were Realty, Chicago
Gas, and Missouri Pacific.
Metal Stocks Easier
The metal stocks were eli a little
easier The cutting Of wages by the
United States Steel corporation result
ed in the Withdrawal Of twenty expert
engineers and mechanical men OF the
National Tube Company, one Of the sub
sidiary companies. The saving is eX-
pected TO produce an extra million for
the big corporation Spectators would
like TO try the temper of the Steel
shares, but they fear the support that
has always been present, except In 1908.
European politics are still disturbing
and Ehis was reflected in easier prices
in It0ndOn There Is no news Of i'm
pOrtance here. and the rut is likely 10
he evident for some days TO come.
Much interest is manifested in the new
tariff bill, and its publication may have
some effect on industries. In some
quarters doubt is expressed about the
bill being ready.
Both sides in the coal dispute are
standing At their guns. and disagree
ment seems likely. The appellate di-
vision Of the Supreme Court has decided
the service commission constitutional.
The Equitable Trust Company and the
Bowling Green Trust are To be merged.
Trade Conditions
Dun says that trade conditions are
better in the West than in the East.
Bradstreet reports trade and indus
trial conditions somewhat better. There
was decrease Of ,1j0 in idle cars dur
ing the last fortnight, the total now
idle being 299, 925. New England textile
mills are now running at full capacity.