Evening star., 1909-09-01
HOLIDAY AIR TO-DAY
But Little Activity on New
York Exchange.
ALL STOCKS MOVE SLOWLY
Anticipation of Temporary suspen-
sion Next Saturday.
PRICE CHANGES VERY SLIGHT
Aggressive Strength Confined
Largely to Railways, Rubber ana
other Market Leaders.
ALL STOCKS MOVE SLOWLY
PRICE CHANGES VERY SLIGHT

Special Dispatch TO The Star.
NEW YORK. September 1.-Wall street
activities or rather inactivities, on the
stock exchange today were largely IN
fuenced by the decision of the governors
of the exchange to close it Saturday IN
response to the petition of the members.
With so much holiday suspension OF busi-
ness in prospect, it was not remarkable
that the dealings in the stock market TO-
day should be in the nature OF holloay
anticipation. The market was practlcaiiy
turned over to the professional element
Yesterday and except for the sporadic
activities of the room traders and the
conspicuous zeal of some pools in the
minor specialtes it could hardly be said
that the Wall street community did much
more than keep the market going. On
the whole the stock exchange day mere
" emphasized the disposition and tenden-
cy to quiet even dullness which became
pronounced yesterday as a logical conse-
uIIence of the cessation of the hostihties
which wrought so much devastation last
month.
The opening followed London's lead,
scoring general fractional declines for IN
ffuential stocks. Trading was only
moderately active. dealings for the first
the bulk of which represented the
transactions of the first fifteen minutes.
Business In the second hour fell away
Just about 30 per cent, and from then on
until well into the afternoon the market
was dull. and at times almost stagnant.
AS a whole. the price movement was ir-
regular, and the range of interest de-
cidediy narrow, despite the prominence or
issues not ordinarily placed in the active
class.
Delayed in Opening.
A large number of stocks did not even
open until toward noon. among them be-
ing many which customarily figure more
or less extensively in the daily proceed
ings. Display of aggressive strength was
largely confined to st. Louis Southwest
ern Missouri. Kansas and Texas. Twin
City Rapid Transit, American Cotton OIL.
International Steam Pump and United
States Rubber. AS market leaders these
we're not exactly impressive, but their
activity was symptomatic of the day.
Speaking generally, price changes were
inconsequential and Of little interest.
A tolerable budget of bullish talk was
circnlated and bul'ish information was
vouchsafed about particular corporations,
all of which was obviously wasted on
such market. Even real news was with
out apparent effect. 1t included the an
nouncement that there had been default
of interest on divisional bonds of the De-
troit Southern railroad, but the incident
was related to the forthcoming reorgani-
zation of the Detroit, Toledo and 1ronton
and passed without comment.
Quarterly Dividend Declared.
The regular quarterly dividend was de-
clared on the stock of the Interborough-
Rapid Transit Company and several i'm
portant railroads made returns of July
earnings, which were all favorable except
that Of the Illinois Central, which showed
an increase In gross of about $316.O and
a decrease in net of S236.OOO
Crop news was not propitious, including
authoritative estimates of a very low
cotton condition and official reports Of
deterioration in corn prospects. All the
commodity markets were firm to strong,
but the stock market failed to reflect
these developments.
The local money market was dull and
firm, but foreign exchange showed fur
ther ease.