The Washington times., 1910-02-18
READING AND UNION PACIFIC LEAD
A RALLY ON WALL STREET.
MARKET IS DULL.

NEW YORK. Feb. 1S-While there
are many conservative brokers, many
who feel that advances here and there
In the list are being made for the ex-
press purpose Of unloading in other
stocks the trend is gradually turning 10
q more favorable opinion, the manner in
which stocks are absorbed seeming TO
indicate good accumulation Of shares.
News IS generally Of a very enCOuTaE irE
character while the technical position Of
the market has certainly improved
Even those who are not looking for
much Of a recovery are sufficiently inn
pressed with conditions to admit that
they do not look for anything in the
way Of a serious decfine-pre5ictinE an
even keel, with Increasing duIlness. It
was dull enough yesterday until the
hast hour II was dull enough in the
first hour this morning, but II appeared
20 be working toward more activity as
the session advanced into the noon hour.
Reading. after one days rest on q
back seat, came 90 the front again in
the style that has chara cterized trading
In IL or and on and especially IN the
last few days There have been vague
rLuors around the room that a big I
coal segregation movement was about i
due and that important developments
are in ueaT-CIosure condition Intirna- =
ions are coming to hand that the clos
CTe can not be many weeks away and i
that certain things are awaited legally, (
before announcement The bu-fuc o. 4
Reading has been generally accredited /
20 insiders looking for spots 10 sell 4
throughout the IiSr-Strong spots created 4
n sympathy with the advances I'm /
READING but Il now begins 70 look as ]
Y there was another meaning 10 the ac-
cumularion-
Opening Rather Soft
At the opening the market was soft
This was due 10 a rush OF proft-takinE
and easier London The selling move
ment showed diminished force after
the first fifteen minutes and then trade
became dull. buying power seeming 10
BE- restricted Gradually conditions
changed for the better, the losses were
generally recovered and then further /
improvements were noted here and there /
throughout the list Ll the ndustrials
as wei as In the rails There were |
some stocks that did not sI-o--- go /
GA. activity nor recovery 10 the full
extent Of tie earlier loss II IS "a fact !
IN CoT1TaTaTively few stocks and thac
-Er Ha--IUa-S, Reading steel R0cz-
ISLAND and General Leather We're the
Gttra rtTvr and active stocks. All made (
UeE gains from the clUSIugS OF vester-
C0E, and St Paul moved I'D fraction
al Reading started at 1874. eaEed
OF q LTl---oI- then advanced sNa-U1-- I
the others following slowly
Sharp Rally /,
Just before the noon hour, Reading
touched 1Ia, jumped By fractions 20 fsa
and then before the end OF the first
ECu- Of the afternoon made IL 1871. or
ga net points for the session to /
CLOCK other stocks followed and the /
market broadeued into "a strong, active. !
higher movement all around, even the
10 EEe-ds joining IN Union Pacific.
which have been facilitating between !
1Nf7s and ESI, advanced 70 ISL, and
SCulheTu Pacific 10 1855 Steel rose !
to SIS from a. C-ur-al Leather was ! .
he strongest Industrial GA the nearby
declaration Of dividend II moved UP !
- points The whole list passed into (
the second hour Of the afternoon, near .
ra top and zLIl very strong with shorts ,
decidedly nervous .
Tn the second hour OF tle afternoon
-Ir market quieIed down. almost 20
7u1EueSS. but there was no disposition
to- shade prices. which had moved up 4
again. Reading going ID E71S.. a 81 net -.
improvement Union Pacific. steel. and
EcS- Of the arcive stocks We're steady A. Z
near outside figures