The Washington times., 1910-06-26
By JOHN GRANT DATER.

/ ton when the volume of short sales Of
professionals and miscellaneous opera
tors is added 10 this mysterious total.
With the cessation OF liquidation some
ten days ago, the miscellaneous shorts
became nervous and have since shown a
disposition to cover, and the plan Of
campaign for the week was, IN part, di-
rected against this element. Activity
converged upon very few issues, with
Reading, Union Pacific, United States
Steel, Amalgamated Copper. and Con-
sOlldateC Gas, the most conspicuous fea-
lures one really wonders why the Lead
ers OF a market campaign al>yays con-
fine their activities TO this limited group
OF properties. To a casual observer il
would seem as though the employment
Of other issues on occasions would
create better public impression, lead
Ing the outsiders to believe that market
movements were not always machine
made affairs.
Aside from the technical position OF
the market already described, Mr..
ROOSeVeltS promise that ne would re-
fTai2 from discussing politics for a long
Interval was regarded as q highly faV-
OTdble feature. Many brokers have
feared that the former President might
at once become involved in the diffeI-
ences between the regular Republicans
and the insurgents, or that the country
d
some new and original views and moral
precepts on undesirable citizens, pre-
datory wealth. and the question IF
trusts, good and bad Then, the sptcula-
tive element held that the passage Of
the railway bill eliminated the question
Of railway rates as a present disturbing
factor, RELOCATING Il into the realm OF
things Ike the fall elections, the SU-
preme Court decisions and other poten-
/ tial disturbances Of the future
! Chicago Packers and Rates.
/ In fact. instead OF unsettling the mar
! ket certain developments in connection
with the rate bill early in the week
were regarded as highly favorable.
Chief Of these was the acQuiescence OF
/ the large Chicago packing houses In
I freight rate advances amounting TO II
/ per cent Of the present traffic schedules
( on packing house products. In banking
/ circles and among railway and corpora
! ton managers there was no modifica-
! ton Of opinions concerning the provIs-
/ ions OF the railway bill These men
! expressed qualification over the action
/ Of the Chicago packers, and they were
hopeful that it would exert a favorable
( influence upon other shippers. inducing
/ them TO accept the higher railway rates
But influential interests are by no
! means considering the ralZ-ay bill
/ solely along the line Of the acQuiescence
, Of shippers in rate advances. They are
! anxious 70 determine the composition
I Of the new Commerce Court, which viii
play such an important part In the ad-
( ministratiOn Of the new law, and before
Jumping at conclusions they want to see
/ how the Commerce Commission will act
I on the rate advances already scheduled
/ They realize that the ultimate consumer
J 1gr 10 he nd tn -.
matter, and they point out that the
miscellaneous shipper, and the ultimate
} consumer. are voters. Politics PLAYS a
/ very important part in the question OF
railway rate advances, and many bank
ers fear that official approval OF the
higher traffic schedules may be DELAYED
for political considerations TO prevent