Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-05-11
Stocks TAKE Squirt
Firmness in List, as a Whole,
Follows Opening.
TRADING IS MODERATE
Hartman Pacifics Show Somewhat
Waving Tendency.
COPPER SHARES ARE STRONG
Speculative Interest Centers II
Brooklyn Rapid Transit-Lon-
don Buys u. S. Steel.
srecial Dispatch to The Star.

Srecisl Dispatch to The Star
NEW YORK, May 1.-THE stock list
exhibited a rather spotty appearance
after business took up its permanent
stride following an active opening iii
which animated selling. apparently
proft-takng on stocks. accumulated DIT
lower levels last week. eased prices
off from yesterdays closing hsureS'
The squirt was over in Few minutes
and then moderate trading was accom-
named by marked gains in some ISSUES
firmness in the list as a whole ou'
also with a wavering tendency IN d le"
stocks which have lately been sho"
ing commendabIe strength both mere
and in London
Prominent among the last meiitl0 3';eh
yro,,n were the Hartman Pacincs' "ui.I'
opened at fraetionaliy lower n " failed to
exhibit recuperative powers OF any ny
ment during the morning hours. brooS-
lyn Rapid Transit; ;n as hox comes the initial
price in subsequent dealings, as did Reau
ing common and second preferred anu
General Electric Northern .,a pac1hs &C anu ax.
ceptions to the general run OF railroads
in today's transactions in that tney hau
opened at fractional figures and held their
own pretty steadily.
Interest in B. r. T.
Most of the speculative interest was
centered in Brooklyn Rapid Transit from
the start on confident belief that the divi-
dend rate will be placed at . per cent
next week. and further, on the opening
of traffic to Coney Island shortly The
Copper shares ruled firm after slight
recession. but enough stock was furnished
around current quotations to prevent any
sharp reaction.
1t was expected in some quarters
when the market opened that these
stocks would reach high figures before
the day was over on the strength OF
rumors that large consuming interests
had combined in the purchase of great
quantities of copper metal London
was, a considerable purchaser of Anal
In addition to the volume of realizing sales
during the first half hour, more or less
short selling by interests that are taking
bearish view of the passage OF the rail-
way rate bill in the House of Representa-
tives added to the total of transactions.
The majority of traders. however. took
the position that ii was better to nave
the bill out of the way, In whatever form
IL is. than to have IL hanging over the
market any longer.
Old Crop Cotton Forced Up.
Lively buying for the retirement of
short contracts forced old crop positions
in the cotton market up 10 to Ii points
during the morning, and trading contin-
ued active When the short demands had
been met at the high levels prices re-
coded several points under the pressure
of realizing by some of the larger bulls,
but the market did not lose all the buoy
ancy of the rapid rise in following trans
actions Wheat, after a half cent drop
at the opening. recovered the loss and
advanced considerably on the receipt or
discouraging crop news from the west
Foreign exchange opened lower than
nj the close yesterday and continued easy.
Call money was quoted at oAaoS per
cent.