Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-17
Traders Still Waiting for
Something to Turn Up.
LIST DULL, PRICES STEADY
Big Dealers Seem Willing to Hold
Values on Level.
OUTSIDE INTEREST NEEDED
Public Will Have to Come Into
Market Before Marked Movement
May Be Expected.

Special Dispatch TO The Star
NEW YORK May 1.-THE stock mar
ket was still waiting today for some
thing to happen. After an opening Oh
fair activity, in which prices sagged trac-
rionally throughout the list, with the eA-
ce2tion-ef Pennsylvania and Reading
slight recovery occurred and many quota
lions slipped back TO their closing hSures
Of Yesterday. Few went higher, however,
and again came the receding movement
accompanied by Il considerable 1aiiihs
AWAY In the volume of trading
In The middle of the morning q 1alr
amount of realizing sales OF Reading iihI
The liquidation of several thousahu
shares OF Steel common by Londoh li'ei :,
es. forced "a decline of nearly point ai
through The act We issues The pendulum
gradually swung upward after TINS hurrl
was over and late III the afternoon prices
hung lifeless in the neishporhoou y. III
fglres recorded on the first TRANSACTIONS.
Price Range Narrow.
Alternating decreases and advances
within a very narrow range was the or
der of the days business, excepting few
stocks which have been exhib ting I'M
usual strength lately.
BROOKLYN Rapid Transit held up well
and Chesapeake and Ohio lost little. In
spite of the bearish talk relative TO TINS
stock over the receivership appointed for
Hooking Valley. yesterday
Ii is growing more and more apparent
that the larger interests who are known
10 have taken pat in sending stock val
ues upward In the early part or last
week are making no moves 10 90 aii'
thing more than keep prices close TO me
high figures which they have reached,
high in comparison to the range OF prices
4 month ago
The general belief among trading
circles Is that the stock market VIII
not experience any great activity. bar
ring accidents. until stronger inter-
est in investing can be instilied INTO
the general, public. Absence or OUTSIDE
business was SO marked today as TO De
a subject of far greater comment than
before on the dullest days. Few COM
missions shouse orders were IN evidence.
What business there was seemed 10 De
almost wholly in the hands of profess
sionaf traders on the floor of the eX-
change and through arbitrage houses.
London Shows Decline.
Quotations from London showing de-
cIines In most American shares started
a runaor that some hitch had occurred
in the sale of our railroad bonds in Paris,
but the effect was not especially notice.
able. : The stock market appears to be
growMg1 utterly callous TO news OF all
sorts--
In spite of good support by the bull
leaders IA the opening of the. cotton mar
ket. prices gradually fell during the first
hour from q 10 o points under scattered.
.iauidation::
Later a rally occurred on frost rumors
from Arkansas and Oklahoma, and quo
tations showed little change from the in
itiai figu. 80 in the early afternoon
Wheat dropped at the first sales Is cent
TO ;. cent ON the receipt of cabies from
Liverpool reporting heavy offerings
abroad. bat afterward recovered. Trad
ing was light.
CaIl money and foreign exchange rate
were about the same as yesterday at the
end of the days business.