Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-02-09
The Markets.
NEW YORK STOCK MARKET.
Features Of the Day's Dealings In Al
The Leading Stocks.

New York, Feb. S.-The stock Market
showed some relief today from the stress
Of urgent liouidation, which was so con-
spcuous yesterday. The hesitating tone
on the recovery and the renewed prtah
at the last were eloquent of the susplclo',
still harboreG il: the speculative mlno
after the many false inference recently
drawn that liquidation had been com
pleted and the way prepared for al up
turn. -, Co..
execution when the market opened whlch
seemed to be the aftermath of yesterday
precipitate decline in prices. The de-
cline had served to exhaust or ulhiii ~
additional margins, and where the cans
sent out over night for replenishment OF
resources were not responded to the seli-
ing ont of collateral was the coHSe-
quences. The news OF the Market mas is
the same nature as Yesterday: that IS
nuzzled conjecture as to the sources ana
the motives of the selling. The course
of this conjecture tended to eliminate
sunpOsitions of inside liquidation such as
would he prompted by fears for the in
dustrial outlook or decline in prohts OF
enterprise. The assumption tnat proles-
sional bear operations on tne snort ,: sloe
xuera resnousible for the severe declines
did not get many adherents. The languld
demand TODAY when the liquidation seem
ed to be checked and prices tenueu
towards recovery was corropora,iSn, ~ az nf
disbelief in any large responsibility of
Lanr operationS for the later stages OF
the decline. The professional eIeIilel. Ill III
tho SpeculatiOn in fact saw tne reIeweu
evidence of forced liquidation yesterday
with surprise and We're tlmiu III ex'ei ~
ing their commitments on the snort slu
of the market. There was lack OF re-
cuperative power in the harkel loi .m,'
reason. when prices ceased TO go Gown
The lapse into ideness at the fecoVeries
TODAY kept speculative sentiment WatcI-
fn1 and somewhat discouraged. Inc opln-
ION gained ground that the maTkel
weaLness was due to belated llquldatlon
Of large individual accounts datlns pack
to the period of price inflation iass yea yea
ana which had iniudiciOusly oVerstayed
stock market sentiment regarding the
federal incorporation bill introduced INTO
Conpress Yesterday was improved today.
This was partly caused by expression
of onp,oval of the measure on the part OF
cornora lions interests, especially by Unit
cd States Steel officials. The feellnS thus
exnressed and,-th questionable chances
of the hills enactment at the present ses-
sion reported from Washington maze II
doubtful whether the action of the stock
market was traceable to the influence.
The copper trade reported some con-
cessions in prices for that metal, but the
January statistics of the Copper PRODUCE
ers' Association are expected to snow an
other material decrease in stocks. ne
copper industrials today were exception
ally heavy. ..,a+;o,,
The nervousness or the Specula.ioii
manifested itself in the final break in
prices which put Union Pacing, Unlted
States Steel and Amalgamated copper 10
the lowest prices of the session ana OF the
movement.
Bonds we're heavy. Total sales, par
value, "a, 905, 600 United States bonds We're
unchanged on call