The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-02-22
ADVANCES MADE IN
PRICES OF STOCKS
Market Is Quiet With Brokers
Backward in Trading.
NEWS NOT IMPORTANT
pears to Have Set In With Nothing
Definite In the Situation to
Affect Prices.

New York, February 21.-A scanty at
tendance of board room traders at the
stock exchange had the market almost
entirely to themselves today. Many
members went home Saturday with the
determination not to return until after
ton2orrow's holiday. The market was in
ert and trivial in face of these condi-
tons.
The movement OF prices reflected no
important outside influences of judgement
on affairs. The efforts of the board
room contingent to move prices met with
little success The fluctuation of the
market was limited in either direction.
Sellers turned buyers after a decline had
proceeded to any appreciate length and
the buyers shifted to the selling side on
the advance. A condition of such con-
tinued dullness might be allowed to signi-
fly a resting point in the speculation
even with allowance made for the in
fluence for the holiday interruption. The
hesitation which developed in the latter
part Of last week was accepted as weak,
a loss of force In the upward recovery
due to the exhaustion of the demand
from the short interest, driven to cover
preston. In view of the prolonged de-
cline from which this recovery was made
The normal sequence of the speculation
Would call for a period of dullness and
uncertainty pending the gathering of
forces in the market for a new move
ment.
s. The operators in the market had lit
tie material in which to form opinions
of conditions. There was a perceptible
effort to revive the Influence of the cor
poration laws in the attention paid to the
resumption of sittings of the supreme
court after its three weeks recess. Os-
tentatious preparations were made to Sc
cure early information of a possible de-
cision in the American Tobacco case and
the selling of stocks during the morning
was based partly on the supposed posi-
bility The absence of the decision in
the sheaf of cases handed down was fol-
lowed by covering of the shorts put out
at the first. The rebound was extended
slightly beyond the mere recovery of the
extreme fluctuation.
There was some selling for foreign ac-
count in the opening decline. The sus-
pense due to the waiting for the political
progiS to be defined weighed on the
LoDtion market. The taking of South
African gold arrived in London for ship
ment to the continent showed a change
from the recent prevailing conditions in
the international changes. The payment
of an instalment on subscriptions to an
imperial Germany loan made a special
requirement in Berlin, where the money
market has grown firmer.
In the domestic field the principal in
terest centered in the news of violence in
connection with the Philadelphia street
car strike. The necessity for adjustment
of various wage controversies is seen,
but tranquil view has been taken OF
the prospect in the financial center owing
to the conviction that spirit of comprom-
Use would rule and would conduce to set
Elements satisfactory to both sides. The
example of the Philadelphia case proved
slightly disquieting to this confidence.
Railroad traffic officials sent in cheer
full reports of freight business in sight.
Stocks ended the day not far from Satur-
days closing prices.
Bonds were steady; total sale par value,
s2,2S4.000.
United States Is and the S. coupon adj
vanced a and the IS registered " per cent
on call.