The Washington times., 1909-04-02

AH's
net points loss Union Pacific ex-
tended its decline to a net point, 1855
Pennsylvania and many other stocks
made il net poiEt loss.
Little Steel went to 1854, Copper TO 75,
and Smelter TO s..
The indications favored a continuation
of activity until the end with probable
partial recoveries as the. shorts turn to
taking their profits on the good days
work
AEW YORK, April % p. m.-There
were two sides TO the play in stocks
during the early hour. one a rush on the
part of the bulls of the earlier part Of
the week 20 take profits. and the other
rush for more stock on the part Of
interests that believe the situation is
certain to develop still stronger mar
kets and consequent higher prices. NIr.
Hartman is back among his friends.
From the time he left the far West
these same friends have been whooping
up stocks until they have finally in
spired some public interest therein,
and today commission houses admitted,
for the first time in months, that there
had been good buying by the public
1t is also reiterated that the banks
have been taking quite large blocks Of
stock for investment purposes. and that
the sharp upturn has disclosed large
latent short interest here and there, and
especially in the common stock of the
United States Steel Corporation, but the
covering has been generous.
Proft-Taking.
II was evident that the market would
have gone on in its upward trend but
for the fact that there were so many
traders anxious to transfer profits from
paper TO bank accounts This selling
was sufficient TO check A number Of
promising rallies, and that the market
took the thousands of shares thus Of
fered was an evidence Of its improved
tone. despite the recessions. rather large
as they were
Al that the market was not without
tsNtrong spots. and these developed in
the Hills. which have moved fractions
where Union Pacific and others have
moved, points, in InteTbOro- -Metropoli-
tan, where Hawley's election to the
board of directors is taken to mean
something no one knows Just what in
Missouri Pacific as the best of the
Gould's, but not participating as IL
should have done in the rise, and I'm
American Ice. probably on the theory
that summer Is not faT off.
Mr.. Hartman came back to his OLD
stamping ground, and was welcomed as
one who had given good advice. from
his own standpoint. 10 the Govern
Inent. and who by his presence has re-
futed the retirement theory
Better Earnings
Here and there indications begin 70
show much better volume of traffic for
the railroads. Readings gross for Feb
ruary were 10 per cent better than those
of February, 1905 February net were
the largest even reported for the short
month Reading is doing finely, and the
commodity clause has been shorn Of its
terror.
Tile United States Steel Corporation j:
running on a twO-ghirds schedule while
the story Is that many of the indepen-
dents viii have 20 cut or pass theil
dividends. To a blind man, II might
appear as If the existing familiarity
with prices might last a little longer
but not so very long at that.
Started Well.
At the immediate opening the market
started well, turned weak. then came
/. firm again. II was about the middle
OF. the second hour Of the forenoon tha'
the list started 20 show a little more
positive weakness, and some OF the
stocks that had refused 10 bulge othel
the morning followed the list towarC
reactions.
At O'Clock the list was at the low
point Of the session % that hour anC
the losses reached from a point 10 Y Z
point additional