Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-03-24
STOCK MARKET DULL
Small Price Changes of Little
Interest to Traders.
fever RAGING IN LONDON
British Investors Crazy Over Rubber
and Oil Shares.
MONEY ON EASIER TERMS
Speculative Demands in This Coun-
try Making No Inroads on
Financial Credit.
FEVER RAGING IN LONDON
MONEY ON EASIER TERMS
Special Dispatch 10 The Star.

Special Dispatch TO The Star.
NEW YORK, March A.-Irreguar price
movements in an inconsequential market
furnished most OF the intellectual pabulum
with which Wall street RECALLED Itself
today. 1t was a typical ante-holiday mar
ket. but, on the whole. none the less
suited TO the present mood of the stock
market community. which is one of pa
thetic indifference pending the attraction
of interest by convincing developments.
At the same time there were some spe-
cial price movements, chiefly in the direc-
ton of weakness which betrayed the rest
less activity of the professional operators.
American Cotton Oil and the Alls-Chal-
mers stocks furnished the leading features
of this sort, but nothing was forthcoming
to account for the losses which they
scored. other than the narrowness of the
market. Most stocks drifted idly back and
forth without so much of change as a
quarter of point an hour
rhe continually deteriorating position
OF the Bank of England, as illustrated
by its weekly return. might have fur
nished material for speculative discussion
If the stock market following could have
been aroused from its inertia.
Crazy Speculation in London.
LAZY SPECULATION III OIL ana ruOOer
stocks is still raging in London. The
last fortnightly settlement was the most
enormous on record, and yet all the signs
in Lombard street have all the time
been pointing to monetary stringency. II
anything OF the sort had been going on
in Wall street it is not difficult to mag
Inc the solemn and disguised condemna-
ton which would have been visited upor
US by financial wiseacres in London and
Anglophfle financial critics here
At this moment, however all these
oracles. instead of rebuking London's.
manifestation OF the gambling spirit and
the Bank of England's manipulation of the
money rate, are either dumb or are with
characteristic hypocrisy trying to excuse
Inc whole performance the ground
that there is substantial basis in the Oil
and rubber industries for the speculative
lsuperstructure which has been raised to
towering heights above them. Specula-
ton. in other words. is always mer.torious
In London and a vice here
Certainly at this time Wall street can
not be accused of making speculative in
roads into credit supplies. A duller or
more patient stock market has rarely
been witnessed than that which has OBJ
tanned for the last fortnight.
Holiday Spirit Prevailed.
Albeit there was little or no discus
sion of the foregoing or other matters in
the financial district today, some out
groupings of political debate were noted,
but neither politics nor the money mar
ket seemed to avail against the holiday
feeling which prevailed.
Money for that matter furnished no par
flcular inspiration. Credit was, il any
ting, offered on somewhat easier terms
Time funds were available for sixty and
ninety days at 1 per cent. Foreign ex-
change was steady. So far as the bank
transactions with the SIlbtreasury exhih-
iting loss to the government since Fri
day of $3.159.O0O, were any indication, the
outlook for a good bank statement on Sat-
Urday was not propitious.