The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-07-23
BEARS AGGRESSIVE
AND SUGGEST Ill
Meet Little Opposition Save
in Specialties- Public Not
Tempted by Bargains

NEW YORK. JULY 2s--The bank state
ment was a splendid one. but The street
expected Il and did rot care a snap
about i one way or the otheI- II was a
hear day. IL was the closing dav ct the
bear week ard the final close was not
far from the IOW--aauy stocks being
AT the low point OF the year. The
whole list save where efforts were made
&c hold It. was sril under the weight OF
lead and the calling Of margins. Oft
repeated was the cause OF another load
Of stock coming out today. The Street
does not know Just where the next fash
Of lightning VIII be from. and the trad
Ing element has become so pessimlstic
that It expects lightning from every d.
recticn-
There IS but little talk aren't the forth
coming report OF the second quarter Of
The year from The Steel Corporation As
2 result OF this Jack OF forecasLiuZ the
Street believes that the statement VIII
DC Dec ana some 20 50 Ear as 10 eE-
press the belief that tic common dlvs-
Cend WIN De cUI-alJh0uEL this Is hardly
probable
As a real matter or fact the bears co
not need actual news 10 encourage them
the lack Of friends, and the market has
very few the ease with which tEey play
haFocr the Indifference Of the -ubli- 10
me splendid bargains offered one and
az are Aollced lE the bears Slrtelre-f
with profits but not satisfied. ana lHrv
sell, and repeal stopping Occas501 afiv
10 gather the spoiis, hesitate q. dav or
Two and ger afler the list again
Steel common, was their target this
morning They gave il q new IoE for
ne year when they drove Il down 70
o7izs or ia points Tor the session. IN
csSlOnally. but the final quotation was
close 20 the low Smelling with z Gi-
fecIorE made Up largely OF Lead Ilrec-
tors was also ralCed. but IL came 10
the front in good shape, being SUPPORT
eu dUr-nS the greater part Of the -aS-
son So too Copper and g number OF
0ther inoustrialS were given a helping
E4nQ-seelng which the bears Ieft therl
alone after trying unEuccezsfuIIy 70 get
them going
In the. rails 10 was a case OF break
ing leaders and stubbornIr Couteztfu1z
but yielding in the less important ra5ls
I Mon Pacific made new low tor rz.e
year At 15Gzs. raliy-iIE again By quarter
points. euc also coming back 10 low
levels at the close Reading of TO
1884 Sou fern Pacific 10 I1s1-- Mort bern
Pacific ~ or Cincinnati and Ohio z1--
St Paul point with a better reCCE-
cry, acting with PeuVsyIvauiz. rather
independent Of the ch8os around them.
declines OF I to points were general
Brooklyn Rapid Transit took q whiri
on the bear side, dropping from -
70 l5lz-in fact the slump was general
Cunning For Someone
tt was currently reported on the
street that bears were after a big line
OF long STOCK. the Uu-town professional
element being interested in getting this
account
Floor brokers are looking closely into
Reading and expect that offerings viii
increase II there Is any show OF
strength
The fear Of dividend reduction is in
the air where few days ago cuts were
believed 40 be improbable
] ~ Grand Trunk E-.l10.60f 9 per cent
bonds were taken = per cent b. the
underwriters and - per cent Iv the
public.