Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-03-26
SEESAW|NG DEALINGS
Market Strong Even Under
Profit-Taking Sales.
IRREGULAR AT OPENING
Several Factors Contributed to Con-
tinued Strength.
CHEERFUL LONDON REPORTS
Broadening Included Many of the
Low-Priced Issues-Predictions
for Further Advances.
CHEERFUL LONDON REPORTS
Special Dispatch H. The STAR.


NEW YORK March 26.-,rhe volume of
transactions on the stock exchange for
tho greater part of today compared ia
vorably with those of tine last few days.
but differed in that this morning there
was a broadening of the stock market so
rs to include many of the w-priced
issues. which of late have not shown
gains proportfonatc to the higher-classed
securities.
News from London at the opening of
our market here was of a most cheerful
character. and the rise of prices on the
other side both in London and on the
Berlin bourse indicated that the large
European financial interests had begun to
feel that the crisis over the Balkan situa-
ton had passed and that from now on
the troubles between Servia and Austria
could be settled by diplomatic negOtia-
tions. Such news as found its way into
Wall street today was also OF bullisf
tendency
Prices here were irregular al the OPEN
ing. with an advance in United States
Steel common we'll as in a majority of
the railroad shares. Though somewhat
dull. the market was strong even, under
proht taking, TO which some of the room
traders resorted from time to time in the
early hours
III the case OF L mon Pac1flC. operators
Tor the fall sold that stock every time
II went above Isl and bought it back
us soon as they saw small profit.
similar SeesawinS was observed in the
case of several other high-priced securi-
TIES. An attempt to put up Chicago and
Alton still further today upon rumors
of big increase in dividends did not
succeed as we'll as yesterday. when there
was a sharp rise of several points in a
lew hours.
Railway Earnings Boost Stocks.
Missouri Pacific was among stocks
making and retaining an advance over
yesterdays closing figures until late in
the session, and the rise in the case of
the Gould properties was ascribed to ex-
cellent showing OF earnings by those
lines
Operators for the decline were very en-
erSetlc today In calling attention to the
fact that the average prices of the lead
ing railway and industrial securities had
already reached about the highest figures
recorded within the last month. although
not quite so high as the quotations the
first week in the year, and they attribut-
ed the continued rise of certain special
ties. Ike American Sugar. to the efforts
of manipulative pools rather than to in
creases in the intrinsic values of the
stocks that would not remain down
The continued strength of the market.
II was said in some quarters today. was
tuc W the ITdctlctI settlement OF the
threatened disagreement between the
workers and the coal mine owners, which
would result soon in virtual victory for
the owners and, therefore. enhance the
earning capacity of the various railroads
and industria's that would have been af-
fectcd by protracted suspension of work
III the coal regions
Tariff Bill Prospects.
Some of the strength of today's market
was also undoubtedly due to the ad-
vices from Washington TO the effect that
tie senatorial committee which has
charge of the tariff bill would make
quick work of the amendments and
would practically hand over to the House
of Representatives. a bill shorn of al
those drastic cuts which threaten to
hamper, if not TO stife completely, sew
eral of Americas leading industries
1t was believed by many traders that
the worst effects OF the new tariff b. II
had already been pretty we'll discounted
and that any changes in the schedule of
proposed duties would. of course, be for
the better
predictions Were heard i'm many brokers'
Offices from the most optimistic traders
that II would not be long before the high
prices of last January would be surpassed