The Washington times., 1910-02-26
DECLINES GENERAL IN STOCK LIST
LABOR TROUBLES CAUSE MUCH
UNEASINESS.

NEW YORK. Feb. 35.-Stocks were
easier all around. and sentiment was
more bearishly inclined. The labor sit
uation IS decidedly unsettled The Beth
iehem Steel Companys plant IS closed
up. and there are mUrmurs OF dissatis-
faction elsewhere. News from Philadel-
phia was more favorable.
The Street fears more and more Tor
fhe decision in the Interpretation or the
fun powers Of the Sherman antitrust
law, and as the time draws nearer for
the decision to come out, nervousness
increases. II is generally admitted that
the decision Will not directly affect the
railroads. but indirectly it will. as any
thing that interferes with the indus
trial prosperity must be quickly rehecl-
cd in the rails.
London started weak and continued
SO until the close. This was account
ed for by the failure Of a prominent
Wall Street house, and FEAR IhaI NV
Philadelphia strike situation Hight
spread and become a very serious mat
Ter.
Bradstreet ond Dun IN their usual
weekly reports are decidedly hopelui
OF conditions. and IL does seem as II - nv
market should reflect these heallhy Con-
]
Of legislation and regulation w ny nv
The Street breads the supreme NOul :
decisions IL is not so sure that theS WI
be unfavOrable. Hope is expressed TIC
the corporation tax law. With us Puo- l.I
Lclty features may be declared uhcOh-
EdtutiOnal .
The volume Of business was not large.
yet in excess of the first Two hours or
Fridays session. The losses NdILeu
widely. the rails usually showing one
half point declines, with Reading nedIlJ
two points off, and Union Paclhc one
eighth. .,
nearer point all around copper was
"A off, Steel common =, Smelling =,
and General Electric a point. Consoll-
dated Gas from 146 TO 144.
Despite the fact that the Brooklyn
Rapid Transit Company obtained a
Judgment for S8.256.959 IN the case OF
the Brooklyn Heights Company, the
sock did not make any advance, the
changes being immaterial- Specialists
advise that the stock will sell higher
wnen the proft-taking has ended, on
the strength Of the verdict As usual
Vail Street discounted the verdict or
JRther the referees award. Some talk
Of probable increase in the dividend is
heard.
Reading Heavily Sold.
Reading was offered in large blocks
but concessions generally brought takers
FOR the stock II started at 6S5s. ad-
vanced 20 16O1z. and then turned and
declined TO 1679s- OF 12s net loss for the
sessi6n.
An encouraging sign is shown In the
report of the American Railway As
EOCiation showing a decrease in the
surplus Of S6,081 cars, and an increas 50
jn the shortage OF 4579 cars. The de
crease IN the surplus was chiefly IN
box cars while mora than half OF tho
shortage was made up Of coal cars
This means that the reports Of the
agencies on commercial business is con
1irmed by the best authOrity-traffC
movement. Weather conditions have
greatly retarded the movement OF
freight in the West and middle sections
OF the country.
May Be Expected.
Il Is but natural that there should be
seilinE on Saturday, and that Monday
openings should be rather slow. From
now on traders are more than ever like
" to get out Of the market on Satur-
day in order 10 be out on Monday when
the decisions Of the Supreme Court are
expected. Probably IL may be weeks
before the decisions are handed down,
so that a continuation Of this evening
up process may be expected Saturday or
even Friday.