The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-02-09
BULL DAY IN THE STOCK MARKET,
WITH SHARP ADVANCES IN
THE LIST.

NEW YORK, Feb 9-Holders OF Sc
curtties enjoyed a breathing spell TINS
morning, and hope that II may last
throughout the DAY. and Yet they are
fearful that it may not The bears eNi-
IDENTIFY understand that their position Is
very vulnerable. should the insiders
undertake their downfall, but they have
riOted with such ease and safety IN the
past that they are likely 10 continue
on the slightest show Of hesitation IN
the market. Wall Street has il that
George ". Perkins has returned from
Washington with good news 1T is
known that he has been feeling tie
pulse Of the legislators" says rumOr-
Rumor is sometimes mistaken One
thing sure. Perkins did not feel the
pulse Of the Supreme Court Of the
United States.
There is probably more truth in the
story that Kuhn, Loeb & Co, are buy
ing Union Pacific on a larger scale
th.n at any time on this decline, ana
Yet there may Oe hearsay in this rumor
London started well. certainly not
under the. influence Of the weak clos
ing on Tuesday, but rather under me
influence of orders from this side Buy
ers in this city have credit on the Lon
don operations up TO the 18th and the
temptation 70 buy for the new account
= hard 20 resist. Money in London IS
easy. and the banks are WtiiuS enough
10 encourage buying
Encouraged by the strong opening
abroad the bulls gave the market some
did the rest They are III no temper 10
lave the market run away from them
with their elongated short account, as
any attempt at twisting would squeeze
blood out OF them
Good Rally
The rally following the opening and
continuiBE during the greater part OF
the morning hours was the best show Of
strength that the market has developed
in some days. There were times when II
looked as il the market was really turn
ing bullish, really showing a kind Of
tone that might indicate that the big in
Ierests vSere under It.
If the gains hold until the close OF
the session the bears viii probably come
10 the conclusion that there Is danger
IN the situation and cover freely, IN
which case they would advance the
markets greatly on themselves The boy
ing for the account Of investors IS be-
coming a factor Of some importance, es-
pecially in high grade rails
Acting Better
The market passed into the last half
Of the second hour Of the afternoon
BCting well, with every prospect Of q
GOOD closing unless the bears should
detect signs OF weakness. The Iouz
continued downturn may have dwarf
ed judgment. many having formed the
opinion that no good thing can come
out Of Wall Street" L Is usually ths
C2se that such anarchistic doctrines
foreteu the punishment OF those who
sell what isn't theirs
While the fun gains Of the session
we're not held the reaction IN the main {
vas unimpOrtant-
Steel common sold to ia. and was
firm at - a ia net advance Copper :
was nearly 5 points up- Smelling. ~ B
Lead, 49, Locomotive s. AtChison, - 4. {
Baltimore and Ohio, Ia Great North
sTn, Chesapeake and Ohio. New York Z
Central, and Northern Pacific, 2a& 4
Reading sold 10 15sffi, nearly , points j
advance, and eased OF 10 ISIS Union /
Reading sold to ISIS nearly 5 points /
Southern Pacific 22s higher
Indications. which are often deceptfUl. I
we're for a good close