The Washington times., 1909-05-15
Wall Street Traders Vacation MoodN NgUe NrR With Prices Very Steady
NEW YORK STOCKS DULL, VERY
STEADY, WITH PRICES SHOW
ING SLIGHT CHANGES.

NEW YORK. May 15.-Closs-The two
hours session today was OF a negative
character. neither satisfactory TO the
bears nor the bulls. unless the fact that
there were no serious recessions was
announcement TO the longs The under
tone of the market is generally good.
most Of the sentiment on the street is
inclined to be favorable 10 higher
prices. and some OF the best houses are
inclined in that direction. Unslestion-
ably some OF the bull leaders took oc-
casion Of the good absorption OF stocks
10 liquidate large holdings during the
last two or three days, after taking part
In the early Dreliminaries by aiding the
strong opening both here and IN London.
That the thousands Of shares Of stock
thus marketed was taken with such
avidity and with but modest declines is
an evidence Of the real undertone.
II Is within the probabilities that this
selling movement may be resumed, as
there seems TO be a desire on the part
OF the big interests to carry the reac-
ton yet further as an inducement TO
the public to come in and take hold of
the market. with the inducement Of a
reaction and with the further induce
ment OF unmlstakable signs of pros
perity.
Foreigners Sold.
Our foreign friends sold about 10000
shares OF stock on balance yesterday.
The Paris strike is fast fading away.
and viii soon be added to thousands Of
other abortive attempts Of labor TO die
tate
Dun's Review says that the long de-
sired readjustment Of the whole indus
trial situation and better weather for
the growing crops furnish the most i'm
portant Developments OF the day.
The crop situation Is probably the
most important possibility for consid-
Grafton I'm connection with the future
OF stocks, but Secretary Wilson and the
Agricultural Department experts have
exhibited much confidence as to the ont
come OF the harvests and the ability of
the American farmer to adjust his
crops, by diversified production. so that
80 aSsIsgate VIII be fair under any
ming Ike normal conditions.
Money. the nub OF the stock market
conunues lust as easy as ever The
oank statement viii be a good one. the
tiquIosuon OF the week being reflected
IN reduced loans. Banks have gained
nearly So,0O0000 in currency as A result
OF the movement from the interior.
Reports have Il that the Consolidated
NtARdtll viii pay per cent extra
dividend. This explains the recerI
sharp advance in the stock The Pull
man Company has entered into a con-
tract with the Pennsylvania by which
the former viii build all the latter's
cars Tor the next twenty years.
Ere's earnings for the quarter ended
warren d. 1900, show a surplus after
charges Of Sl42,656. an increase Of 81
IL. 4Oi. -
Wild Fluctuations
The changes were too unimportant to
call for special comment As a rule
they were Of the eighth or quarter
point variety, with Just about cs many
fractional declines as there were frac-
tional advances. This with reference
to the Anal closing. At times the move
ment improved 10 the dignity Of half
point fluctuations. but they were made
both ways. so that the net Changes
for the session were scarcely worldly
Of comment.
Northern Pacific made the largest
loss. y point Great Northern was nm
changed. Reading lost slightly. Union
Pacific rose =, lost ii. and then rose
41h above yesterdays finals. Copper and
Smelling were a little easier; SteeIs unL
changed.
II was Of verify a negative markd+
accomplishing nothing. 2"