The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-02-11
NEW YORK MARKET QUIET. HIGHER.
BEARS ARE LESS CERTAIN OF
THEIR POSITION.

NEW YORK Feb IL 4 favorable
indication Is the growing tendency to-
ward inactivity in the stock market,
and there is nothing that banking IN
rerests would welcome more heartily,
pending the settlement of certain maJ-
ters that viii have direct influence on
conditions. Moreover there is less
pessiTnisn in the Street a more hope
fuI disposition, and where the theory
Is expressed that prices are not likely
TO advance materially, It is usually
accompanied with the explanation, nor
viii they go or much The quick turn
for the better that developed IN the
last few minutes Of the session On
Thursday was an evidence of ID better
feeling that rather surprised tive bears
Wall Street is taking some consolation
To heart on the theory that the Presi-
dent in his forthcoming address in this
city. but II is not to be expected that
the President viii 80 any further than
70 enunciate his previous statements
t+a4 the Supreme Court decisions on To-
bacco and Standard Oh cases will DO
the z71Ide for future prosecutions under
the Sherman antitrust law
The real Improvement seems 10 De III
rhe completion Of the urgent no tlst--'it
OF holders Of stocks, pools ana el-l -;
and wiped out. There are TunloFS tiiat
there j. 10 be another attack on Ste-t
common, that this or that Clique W
rrv for a break in Reading ana til'Li
there viii he further cunning for la"-
+ must he admitted that any extended
attack on Steel common 80 n .a
frauEht with danger afoHtiH 30 l' 80
v-herC il was successful and easy a. go
that HawleE and his fFlen7N are l'l--..-
.7bIv- fr7p~egna BILE now Reading Is n2L
90 III .
Of market Illustrations ought 70 ue dulH
to scalp @ profit in Reading uuCL ia l'-.71
bar the stock Is a bad one Tor the btetl7
n fool with. Il has and VIII have p'S-
gEri1i-5es until such time as the T1pen-
f-- melon is Cut-and the bulls are
5-r5disfLna something doing IN the not
Ty-iiIa Conditions are gradually inn
proving there are fears that any ma
-e-iaI recovery viii meet Win Lhutl-
selling. Traders acquiring stocks at any
time this week are not going 10 carry
them with much of prouf IN Si4Li-'
- profits are deS Ia bic
lawson of Boston is out with another
ECrePd this morning IN which iie taxes
he r,-7rI side Of the market and pre-
diets that the shorts VIII NOT ne stole
10 get in out OF the snow with less liiah
2 oo-5o point loss The preFaIi'5E S-----
ment on the Street is not I'm harmony
with This view. nor Is n IN iayor o.
much OF a recovery, a continuation OF
SuIlnees being desired
Warning Notes.
President Earring. Of the - Paul
sounds a warning note 20 the erect that
many orders are being Cancelled A
business recession may be on the way
and Il may nor but there IS no cues
ton but what no faTora hle deductions
can be drawn from Cancelled orders
A warning note OF another CHara CfeT
comes from former Senator SpOouer. a
man Of admitted legal mind He de
cIares that the proposed Federal incor-
porsttCB plan rs Illegal uHconstIrUttoIlai
and that Il cannot pass
There may be in the passage Of an
exclusion bill against ASiatlCS another
warning note Of a different character
There were some TeCesSlouS before the
noon hour out they seemed to inspire
more buying orders. and before the end
Of the second hour Of the afternoon the
list was back AZ the top II was a
market where the old fsvorites were
TIE leaders
BaItimora and Ohio barely held its
own the Hills did nothing special al
though making fractional gain, New
YORK Central vas bac-lJvarar anu
Southern Pacific was out = higher
Reading was the fav0rite- moving Up
nearly points Union Pacific was r.
close second AZ one time over point
higher and Chesapeake and Ohio was
IN the lucky list Louisville and Nash
vile also advanced a point Atrhis0n
moved slowly AT first but gained its
point
steel common started At ISEs. ezsed 70
re, advanced a point, and held well
Copper was rather neglected but
Smelling made a good showing after the
carly loss
The fact that there viii he r. holiday
tomorrow iu honor Of Lincoln. g birthday
aEuiversaTv- may be partially TeSponsi-
bic for the underlying strength in the
late hours. Bears 90 not like tn 20
away short. This may also be a reason
for the Inactivity o. the bear follow
ing