The Washington times., 1910-02-03
STOCKS WERE AGAIN ON TOBOG-
GAN-LOSSES WERE SERIOUS
THROUGHOUT LIST.

MEN. YORK Feb. 2-The pulling OF
The. peg. under steel common at slls dld
the business It let loose a hood OF
selling orders all over the market ana
the hears came back with renewed en-
errv and raided the list The support
TIA. has been extended TO steel around
s11L enc away with the pin. nor was
there support elsewhere Calling OF
Ioars was q feature Of the early morn
Inc. operations between customers and
commission and brokerage houses, and
Il continued 10 occupy the attention OF
the margin clerks throughout the ses-
sion. In their turn the fiscal institu-
lions did their part of the calling OF
loans to pools and at least one big in
dustrfal operator found a call awaiting
him
The situation grows daily more IN
peasant The Street is IN fear OF an
emanatiOn from the White House a
any moment and the bears are SpI -. \
ing the terror The supreme t0uIt =
enjoying a two weeks rest, anu -, z5
no fear of any decisions gelug Manu-
down that would jar the market. =
Southern Pacif1c-UniCn Pacl1c prolltil
CfameutO from the Administrator - a
thing dreaded The Administrator -
said TO be dissatisfied with the eleELl,A
Of 2 successor to De AruOnt il- ~
souri-nOt so much IN the acLadi go go
ton as in the vote But the AuLiliLl-s-
tration Is not likely TO take any LtlItLlsl
drastic steps In railroad OF lluSl iSs-
lzrfOn bending the decision OF ttt -
7,rer7e C-071rt on the cases now before H.
which are expected to give a me 20 ll-C
Executive on the scope 20 MS bo''I-e
under the Sherman anli-JlIsl u " -
There has always been a point WLieLe
stocks would turn and that point may
not be far away Certainly the uQulQd-
ton has been drastic, and the decline
sufficient 10 discount anything but an
71u'neaval Of the very principles lh-l
have come TO be recognized as the way
Of doing business in this day and age
Conditions are not uufavOrable in any
sense OF the word. save on Wall street
Railroad earnings are eZcellcut-dIVl-
bends have been paid with regularity
and increased distri buttons made ~
many Instances The showing on the
steel Corporation affairs has not been
other than good and the dividend Is
heavier than ar any time in a number
Of years Moreover. the untitled tonnage
IS SATISFACTORY ClearinEs are mcreas-
ing. money IS working easier, and the
skies in the financial world, save as
over the ruin In Paris and the storm
center in Washington are all encoUrag-
ing
II begins to look more and moe as II
the powers that he-refelnE 70 Morgan
ROckefeUer-Ff Ck-Schifr and other mon
eyed and stOCk-hoIdiuE kings Of the
SIreet-Tere willing 20 let the break 80
O1-thev have never been pOWeTless %
stem a hear aid in times Of general
-roSDeritv before-aud they are making
no efforts today-hsve made none 50 far.
II is evident that they at least have No
aversion 10 giving Washington an oh
jr~t lesson in the effect OF OEe-al-1ra-
ton Of q tender subjeCJ-QerhaDS with q
view Of creating sentiment against this
trust legislation. this railroad TeEula-
ton through the threat Of its effect
on Labor and its effect I'm the millions
who hold stocks and bonds for invest
uent
Losses averaged points throughout
the entire list and from that 10
points. Smelling was the weakest stock
on the list, with 5-p8iut slump. They
got Steel common down 10 =, q 2f=
loss Union 10 ISIS Southern Pacific 70
1as. and the whole list continued to
slump. with continuation Of the weak
ness until the last hour, when there was
2 small rise
Sales to O'Clock were 1,GS2-00o shares
Of stock, indicating the wild activity