Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-02-23
STOCK MARKET DULL
Condition Exactly Suits Big
Financial Interests.
TRADERS ARE IMPATIENT
If Prices Will Not Go Up, They Try
to Put Them Down.
LIST STAGNANT, BUT FIRM
Little News of Marketwise Inter
est-Reports of Crop Failures
Are Discredited.
LIST STAGNANT, BUT FIRM
Special Dispatch TO The Star.

Special Dispatch to The Star.
NEW YORK, February 23.-For about
an hour today stock market movements
were of some little interest. This was in
the active period succeeding the open
ing. when certain amount of Roadway
seemed to have gathered over the holt
day. Dealings We're then on rather
brisk scale, but early in the second hour
all the impetus seemed to have exhausted
itself. Transactions rapidly contracted
in volume toward noon, and from then
on until well into the afternoon the mar
ket was absolutely stagnant at about the
price level established at the end of the
first hour. This was level showing ir-
regular changes from Mondays close,
but with more features of strength than
weakness.
When the market was active Louis
Vile and Nashville. Reading. Rock Is
1ano, Union Pacific preferred. Ameri-
can Telephone and Telegraph and Utah
Copper made substantial gains. Central
Leather sold off sharply, a movement
which was subsequently accounted for
by the failure of the directors to
crafty bullish hopes by declaring a
dividend on the stock. although. as
business fell away in the second hour.
q sagging. If not reactionary. tone was
manifest in many quarters OF the lis,
into dullness quoted values were I'M
mistakably firm
Trying to Move List.
All told. 1t was for the greatest part
of the session such market as the
students of stock market phenomena had
been predicting would develop. and ii was
such market as leading financial in
terests had been hoping to see. How
long impatient Wall street will be con-
tent with stupid inertia in stock is an
other question Signs were not wanting
today that short stock was being risked
on the theory that il prices would not
advance they should be depressed. Such
news as there was afforded no encour-
agement or supplied no incentive for
stock market commitments for either ac-
count.
The reports of damage to winter wheat
in the west were treated as the familiar
efforts of the crop killers, which are
usually to be expected at this season. In
fact, the chronicles of exodus of more or
less important persons from the Wall
street district for Europe and the south
seemed to be the most significant infor-
nation for the speculative community.
Railroad Reports Discounted.
Such railroad reports as appeared. in
Guiding the satisfactory statement OF
earnings made by the Pittsburg, Cincin-
natl. Chicago and st. Louis railroad for
January. and the annual report of the
Delaware, L.ackawanna and Western for
the year just ended. were too much in
the nature of accounts of past perform
ances to be of much interest at the
moment.
The money market exhibited the char
acteristics of recent date Foreign ex-
change was firm, with a manifest
tendency in the early dealings to a high
-v.l- y
cash to the subtreasury since last Fri
day. The call money market continued
TO indicate the existence Of something
like strong control over rates.