Evening star., 1909-02-17
SAGC|NC TENDENCIES
Trading in Light Volume and
Mostly Professional.
MANY RUMORS CIRCULATED
Depression at London and Foreign
Houses Sellers.
ATCHISON NOTABLY STRONG
T. & P and Erie Stocks Heavy
Again-American Smelling
Under Pressure.
MANY RUMORS CIRCULATED
ATCHISON NOTABLY STRONG
Special Dispatch 10 The Star.

Special Dispatch 10 The Star.
NEW YORK. February 11.-Durng the
greater part of todays business session
upon the stock exchange the dealings
presented pretty much the same appear
ance on yesterday. The trading was
in extremely light volume and almost
wholly of professional character
American shares were depressed in the
London stock market. and foreign houses
continued TO sell here, although upon no
larger scale than on Tuesday. Specific
or at any rate novel reasons for the mar
ket's tendencies We're quite missing
Announcement that Congress would be
called in extra session March II served
10 redirect attention toward the matter of
lariH revision with the to-be-eXpected eff
1ect upon speculative sentiment.
In the early part of the day there were
Iumors current of the serious indsposi-
tion of the head of the Union Pacific rail-
way system, but these appeared TO have
no other foundation than the account in
Inc newspapers of the preparations for
his comfort which have been made at San
Antonio.
London had rumors of a corresponding
character, however and they were instru-
mental III the weakness of the American
department Of that market and possibly
The cause of the selling orders for foreign
account in the local dealings
Ouly moderate DeCllNeS.
The investigation Of the methods of
trading upon the New York Stock Ex-
change was another matter which was
referred 20 in connection with the dull
and sagging tendencies of the stock mar
ket. The declines scored in no cases
reached actually extensive proportions
and there were numerous exceptions of
more or less significance TO the general
DRIFT Of prices. 4
In the railway share list Atchison was
conSpicuously strong as il was yesterday
and reports were in circulation that a
personality who has recently attained
great prominence in the railway field was
acquired on substantial interest in the
property. ST. Paul. Pennsylvania and the
Hill stocks also exhibited a relative de-
gree of strength.
l Mon and Southern Pacific moved in
line with the market at large and did not
appear 10 be specifically affected by the
fumors referred TO previously regarding
Inc health of the head OF The system.
eHas and Pacific and the Erie stocks
were again heavy on the same considera-
lions which governed their course yes
ierday.
1ndustrials Generally Weak.
The industrial and miscellaneous shares
were generally weak, partly on the
further discussion of the revision of the
1ar1f and also on account of additional
reports OF the unsettled condition in the
steel and copper trades. American Smelt.
ing was under particular pressure.
This quarter of the market however.
also furnished some exceptions to the
general downward drift, and cases in
point were the Mackay company's Pacific.
Mail and American Telephone and Tele-
graph. The traction shares were dull
but comparatively firm.
Foreign exchange and money market
circumstances showed no material altera-
flons. and, in fact, Notwithstanding the
return by the banks a week ahead of
time fixed OF considerable amounts of
Treasury funds. money rates averaged
somewhat lower than earlier in the week