The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-03-09
SECURITIES IN NEW YORK MARKET
DULL AND IRREGULAR, AND
PRICES LOWER.

NEW YORK. March % .. m.-The
market remains dun and irregular.
Trading has been reduced to the lowest
ebb ard the trend OF prices is gener-
ally downward. The railroads are
strongest, the coppers and industrials
weakest. The feature OF the market is
fail OF three points I'm Ice Securities,
with small recovery from the lowest
point
Considerable interest has developed
in the anthracite coal situation in
Pennsylvania. Whether il is TO be peace
or war seems to depend on the atti-
tude of the union leaders. who meet
the operators at the Offices of the
Reading company. in Philadelphia. on
Thursday at II o'clock, according to the
big coal men in this city. If the union
sticks to its demands-which are In
many respects a duplication Of the de-
mands Of three years ago. and We're
rejected by the operators-the strike
must come. The operators boldly de-
clare this fact today. But they also
say they are inclined to be tolerant"
and expect the miners to be the same.
one Of the biggest producers said today
I'VE believe both sides should do all
in their power to prevent another
strike
Trading Largely Professional.
NEW YORK, March 9. Y noon-NS W
York stocks today are hanging about
the level Of yesterdays closing prices,
with fluctuations small and the market
almost featureless. Neither bulls nor
bears are active The public is out of
the market. and such trading as is
going on Is wholly of a professional
nature
At the opening trading for a short
time was fairly active. but price move
ments were very irregular. Traction
shares were strongest Interboro Met
ropolitan preferred advanced half a
point, and a fractional gain was made
IN Brooklyn Rapid Transit Among the
railroads Missouri Pacific and Wabash
we're prominent, moving UP about hall
a point each. COpperS were weak,
AmalgamaIed declining in the early
trading thTee-fourths OF point. Read
ing was weak. and declined half point
The Hartman stocks showed fractional
gains, but here. as elsewhere, the
changes were small and not significant.
After the first half hour the market
sufened in spots. Union Pacific devel-
oped a little strength and sold up a
point. Southern Pacific was also strong
er, but before the noon hour both had
lost most Of the gain, and prices gener-
ally were at last nights level or lower
Market in Waiting Mood.
The market seems to have drifted into
a position where traders are waiting
for some turn in affairs that will give
an advantage. At present there is moth
ing IN business conditions, nothing in
the forthcoming January railroad re-
ports and nothing in the way of news
to inspire 4 buying movement More
over, the market is held in too strong
hands TO admit OF any sudden or marked
slump. and the bears feel that the log
zeal move of prices is upward
They have little hope of causing bad
break and are consequently wary about
undertaking IL. One OF them remarked
TODAY that IL would be suicidal 10 lay
out a line OF shorts with any hope Of
realizing. II Is thought today that the
market will drift along until il becomes
apparent what the nature OF Presidents
tariff message TO the new Congress will
be. and that the professional traders
viii take their cue from it.