Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-01-14
VERY LIGHT TRADING
Firmer Tone Followed the
Forenoon'S Fluctuations.
SOME ROUND ADVANCES
Rise in Wisconsin Central Most
Striking Movement.
OTHER RAILWAYS STRONG
Industrial and Miscellaneous Deal
ings Also on Greatly Reduced
- Scale-Money Unchanged.
OTHER RAILWAYS
Special Dispatch 10 The Star,

Special Dispatch 10 The Star.
NEW YORK January 1I--DurinS the
greater part of today's business session
tie trading in the stock market was con-
Quoted upon the lightest scale of any
time since the opening of the New year.
During the forenoon the fluctuations We're
unusually and remarkably limited, but
toward midday a somewhat fTmer tone
developed and round advances took place
N number OF the active stocks.
The most striking movement in any Sc
curity was the rise in Wisconsin Central
preferred and the strength of the stock
was again attributed to purchases under
taken in the interest OF the Canadian Pa
cific. No confirmation of these rumors
was, however obtainable.
Other strong features of the railway list
we're New York Central. Colorado South
ern second preferred. ST. Paul, Union Pa
"ific and Southern Pacific.
The local traction shares, with the eX-
ception of Brooklyn Rapid Transit. were
steady, while the last named stock fiuc-
tuated quite widely, presumably because
of the uncertainty as to the acton OF the
directors in beginning dividend payments
upon the stock The Brooklyn Rapid
Transit per cent bonds were, however,
decidedly strong.
Dealings in the Industrial and miscella-
neous issues were likewise upon greatly
reduced scale. No transactions in United
States steel common were recorded by the
stock tickers until fully ten minutes after
the opening of business. The attack
upon the stock appearing in this morn
lng's newspapers over the signature OF a
Boston operator had. however, scant eff
feet upon the security. National Biscuit
scored a further advance, but for the
most part price movements in this quar-
ter were small and Irregular.
Americans Steady in London.
The action of the governors OF the Bank
OF England in raising the minimum dis
count figures from 21o TO 8 per cent had
been generally expected. and had no ma
terial influence upon the London stock
market American shares were steady
there and foreign houses were buyers on
balance in the local market to the extent
Of about 10000 shares.
Local money market circumstances
showed no alteration, and the subtreas-
ury reported this morning loss in cash
TO the banks since last Friday of more
man S3.a0oOOO The foreign exchange
market was sufficiently strong as to sug-
.est the likelihood of additional exports
OF gold by the first available outgoing
steamship. There was no news OF any
consequence over night relating TO the
market at large or particular stocks, and
ne days situation was likewise unevent-
sul
The further disciplinary action taken by
ne governing committee of the stock ex-
change toward an offending member at
rractej more than the ordinary amount of
attention and comment on account of the
rather unusual nature of the charges
brought against him and also because it
afforded additional evidence that the stock
Exchange authorities are determined 10
deal summariiy with any member of that
Institution against whom charges of un-
Fair trading practices or any others in
violation OF the rules of the exchange can
DE sustained.