The Washington times., 1909-03-05
NEW YORK STOCK MARKET STRONG
WITH MODERATE TRADING
THROUGHOUT LIST.

in8tOn I0cdy. 1lCheI SSAFICS "dS
almost suspended, the various bro
keraqe houses with New York con-
nections having the use of single
wire between them occasionally.
Few o1ders were taken even Sub
ject 10 delay" the lack of inforna-
ton terdIng to the restriction Of
business to practically nothing.
NEW YORK, March % p. M De
spite its dullness. the market continued
reasonably active right up to the second
hour OF the afternoon. and reasonably
firm.
Union Pacific was firm with Z point
net gain; Reading at the closing prices
of Yesterday: New York Central q
higher; Copper y better; Steel common
Arm at 44Is; Wisconsin Central y high
er. Missouri Pacific was y off. Eries
and Denver. with Northern Pacific and
Baltimore and Ohio, easier
The volume of business was restricted
almost entirely to home trade. New
York for once drawing few orders from
the speculatively inclined other cities
NEW YORK, March 5.-The stock
market was Of a Semi-holiday chaTac-
ter. much as it was yesterday, when
about $4,000 shares were recorded as
bought and sold. Communication with
the outside world was but intermittent,
and the volume OF orders from Chicago.
Cleveland, Pittsburg and Western and
Southern points was incOnsideTable-
II was but natural that there should
be an irregular market, strong mere
and weak there, according as 10 the de-
Velopment of buying orders
There seems to be strong bear party
developing in the Goulds and some in
dustrials 1t is cldimed that at 40
should this price be reached. a heaEN
unloading of stop orders would be De
veloped in Steel common, while the
preferred would naturally sympathize,
but only to a modest extent The pre-
ferred Steel shares seem to be held
by investors very generally, PAID tor
and out OF the market as a pressing
contingency.
Unless something radically wrong
with the Steel Corporation develops II
te not expected that the preferred
amounts as to encourage the bears 10
take chances selling them.
The induStTials as a rule held better
than the Hills and the Goulds, the
Goulds being especially soft, the weak
est on the list.
The foreign situation was on tenter-
thookS but the Street evidently con
yiders that the concert OF Europe Will
hence the influence. while evident. was
not especially effective one way or the
other
Shortly after the opening the market
on most OF the stocks including rails
and industrials, advanced slightly
amounting in the case of Southern Pa
cific to =. the same amount on Unior
on most OF the stocks. including rail,
New York Central. Reading. and Atchi
son following along in about the same
general trend.
Then came the weak spell. develop
ing about II O'Clock. Under its decline
LON OF the gains were lost. \
On this break Reading became weak
and il was evident that an early de
cision of the commodity clause" enig
ma was feared Beading then dropped
back TO l221z. q. net loss Of q. with rail-.
in the noon hour to 12234 st. Paul als'
developed weakness, going of from l421
10 1412s, with L recovery. Union Pa
cific continued on the down grade from
I74s4 10 1885 and rose 10 1875 Pennsyl
vania was = off 10 12Slz: Baltimore an,
Ohio. g 70 IO6sz; Northern Pacific. Il L
1861; Rock Island a point lower AM
Denver a full point of
Copper early in the session was a pOin
higher. but IL lost the advance, and sub
sequently recovered another point
Smelting held a point gain.
The less important induStTials attract
ed but little attention