The Washington times., 1910-01-15
WILD DAY IN NEW YORK MARKET,
SHORTS BUYING FREELY AT
THE CLOSE.

NEW YORK. Ian. I5.-After the sen
EatfouaI slump Of yesterday II was ex-
uecre6 thar -rere would eIJ@@r be = turn
for the better on the opening or a vide
oueu break The market. during the
short two hours session gave traders
more emotions than il has many a time
in a week of operations II showed
strength Immediately following the tap
OF the bell then weakness Of a pro-
uouueed type developed in Union Pacific,
S. PAUL Reading, Steel common New
York Central, the Hills, Westinghouse,
and a number Of stocks. while the best
that could &c said OF the rest of the
list vas -Eav il was not very bad, al
though Chesapeake and Ohio, and an
occasional exception, made a good show
ing one could ind any kind OF gossip
he wanted IN any brokers Offices he
might also md scores OF new faces IN
-ited To- the trading center. here aE PROP
ably elsewhere in brokers' Office al
ever the country, the public looked on
and houed for further decline Wnth
The, Saviu=s OF the last i've or SIX years
on inactivity in securities. might PICK Up
bargains
The public has always been sorry
that i. did not buy stocks on me pot-
tom of the 1907 sIuU0s but Lney le--
the market 70 the Harr-illa n -'io OF : All
Rockefeller crowd 10 pick II up ana
force the advance before conzluGIf5 war
RAM il. Now the public is nibbhng-
After making a sharp rise. the list
turned weak. as noted, and fears were
entertained of "a close in a paniclly sell
ing movement
Abo II lI-4l. the shorts began 10 cover
,7aut: usIy and then recldessly- Ihey
Eesire 10 get out before the Sunday
ac5cu.ruent- They feared conferences
Of the big men over the adjournment,
md a Dian 10 make them pay for the
TN they have been having all week
Rally To the End
The rally continued riEht 70 the end
OF rhe session and il took the ticker
until 1Zl1 10 tell the story Of the enor-
NOUS covering in that last twenty min
74-es- The losses were quickly turned
into gains and the gains enlarged IL
ratio until they became more than SUI
--rfrn- 10 absorb the losses, then on
until satisfactory advances were estao-
IfSHed and the close was near the top
OF the session.
There was enough excitement every
way TO cause a faiut-heaT ted broker TO
have heart disease. and the causes that
we're co1fured Up 10 q count for the
various NOV r.li1L--o ea--N-
covered a wide range Of perhaps. hap
pcuinEs.
Back Of the selling movement was sup
posed 10 he the heaviest kind Of bear
selling POOL l1uidation was admitted
in some quarters the Standard oil
crowd was said to favor lower range
and from NNa=llu-teu all manner OF
-vorfrT Things were expected The To-
Harrr decision the Standard on de
afsfou--ne=e were sHc real EEr=ts-tle
Southern Pacific and The Union Pacific
harmony. greatly tp be desired is said
To- be seriously threatened and away 20
the stocks
The source Of the buying was shorts
GOVERNS ON this all. were agreed
There wasn't a dissenting voice on this
proposition
The Net Gains.
When all was over u was found that
T-actIcaIIy everything on the list had
made Socd 0e- gain st Paul rallied
. points, Reading Ia. Union PafTfc S
net but over . points from the low At
Ianric Coast Line = net. Copper ? points.
Chesapeake and Ohio Z point. Norfolk
and Western = Baltimore and ONO J.
steel fraction but nearly point on
low and the whole list near the top
The news OF the morning counted for
nothing 10 one paid any attention 20
gossip or opinions u was simply case
or sell stocks early I'm the last hour. and
buy them back regardless In tie last
twenty minutes