The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-12-20

at l o'clock. The threatened strike OF
trsinmen is having some effect in re-
stricting operations.
NEW YORK, Dec. 2O.-DurinE the
morning hours there was no especial
activity in anything, traders showing u
disposition TO await the decisions Of the
United States Supreme Court, although
no decision particularly pertinent % the
stock market was expected. while the
volume of business was light. and the
price fluctuations narrow, the pre- ,oil,ne
sentiment on the Street, In broke IS Of
ices. and among room traders generally
was that stocks were next 10 certain
to have a good rise between now and
next Saturday-and a long line Of stock
is being held against this expected ad-
vance, that will be sold for Christmas
money. News was extremely scarce.
It was announced that the scneme for
listing steel common on the Paris
Bourse had been abandoned, and the
syndicate formed to take over the
shares and exploit them in France. thus
avoiding the tax on foreign CORPORA
tions, has been dissolved. It IS declared
that the plan has not been finally aban-
doned, but that the scheme was, ;m-
possible, and that il viii lie dormant
until some better plan can be devised
Despite this the powers that Re ale cx-
pected to hold the Steel shares lust as
strongly as though our French cousins
had taken their dose. Those who have
bought Steel shares and held on 10
them through thick and thin have
nothing TO regret-except occasional
heart failure that has been more than
made up by future handsome profit
balm.
The Moore party is now conspicuous
and Rock Island continues moving To-
ward higher levels on the belief that
the stock Is going to be given a prOmi-
nent place in the next advance.
"Profits Should Be Taken"
while the trading element and the
men who execute orders are 70 man
bullish they follow their every predic-
ton with the cautious signal, profits
should be taken" It does MT seem as
il any sharp advances, could be scored
with nine out Of ten traders waiting
for a chance to take profits
London came in firm with special
strength in the Hartman group. Con-
soils were firner and the copper STOCKS
acted better The general market Is
gradually assuming a holiday character,
when London viii adjourn from Friday
night TIL Tuesday morning. and will
do little business next week, is grad
uaIly reducing the volume Of trade
there
It is within the probabilities that the
local stock market may begin to assume
n holiday character, indeed the volume
Of business transacted today would IN
dictate that Il was well on toward just
such a restricted period.
The Street has faith In Steel, and IN
some quarters the traders actually eX-
pect to see IL reach<Har before Christ
mas One thing noticeable is the ten
acity with which It holds around s2r
not moving much one way or the other.
As the session advanced there was
some little activity here and there, but
the market passed through the noon
hour without showing signs Of real
activity The price changes in the
leading rails and industrials were gen.
orally Insignificant
Price Changes.
Southern Pacific. st. Paul, and Union
Pacific were practically where they clos
cd on Saturday. Atchison was easier
Louisville and Nashville weak at a point
decline. Atlantic Coast Line soft. Mis-
sorIri Pacific u of, and a few other de-