The Birmingham age-herald., 1910-01-31
TAFT QUILTED STOCK MARKET Weeks Punctuation Caused By
 Washington Hostility NOTHING NEW JUST NOW Extra Dividend on United States Steel
 Stock and Favorable State
 ment One of Past
 ' Influences.
NOTHING NEW JUST NOW

New York, January 3o-The violent fluctuations in the stock market last week was evidence of perturbation or speculative sentiment to degree not manifested for months previous. The opinion most generally accepted Of it's cause was the danger of collision between the law and corporations.
 The influence of this subject was in- creased by the tone of Washington dis patches attributing to the administration plans for new and severe measure of hos tility against the trusts" The sensa- tional nature of some of these reports brought forth an expostulation in an or heial statement from the White House which reaffirmed the intentions outlined in the Presidents special message.
 The markets became somewhat quieter after that. There remains feeling of anxiety in financial circles over the con- ditions which may result from decision in favor of the government by the su- preme court in the pending American TO- bacco and Standard oil cases and the prosecutions or readjnstments which will be a necessary consequence of such de cision.
 Since this situation has in 1t nothing en- firelv new the violent effect of it's con- sideration on stocks at the present time must look to some technical condition in the stock market for further explana- tion. The almost entire lack of support ing measures for the first of the week was believed to be due to the extensive distribution of last years large accumula- tions which had been effected and the withdrawal of skilfsil and organized mar ket support which followed.
 Lenders of money were made dissatis- fled with the position of loans secured by pooled and manipulated stocks owing to the warning examples of Columbus and Hooking Coal collapse and the Rock Island Hurry.
 The readiustment of the credit situation prompted by this consideration had much to do with the upset in the stock market. An orga nized bear party became very ac- tive in the market and it's necessities from uncovered short contracts made an ef- fective rallying factor in the market.
 Some degree of trade and industrial reaction was admitted partly as cause and partly as effect of the depression in the stock market. withholding of orders for iron was one consequence noted by au- 1 thorties In that trade.
 i The extra dividend declared on United l States Steel stock and the favorable earn i ings statement of the corporation were not ignored, but as past rather than fr- ture influences they lacked notable effect | in the stock market
 The steps taken toward closer associa- ! ton of copper companies was regarded as probably preliminary to more com- prehensive merger, but the restriction of the present scope of the measures to the lines within which common control al- ready existed. fell short of speculative i anticipation.
 Dry Goods.
 New York, January 8o.-The cotton l goods markets show some easing on gray i cloths. but the demand Is limited and open quotations hardly show a change of much moment. There has been a good advance l business for fall delivery placed on mapped cottons. bat prices named are lower than anticipated by some sellers.
 The confidence given to buyers by these low prices has afforded material evidence of the need for cotton goods following the good distribution of the fall and winter of 1s0s-1o.
 Fall River sales of print cloths were less than 5000 pieces for the week, and some recessions in prices on wide cloths re- suited in the placing of contracts with southern mills. Jobbers are doing a fair business on domestics, but tho abnormal activity anticipated at the opening of the year has not materialixed.
 ] To some extent trade has been held back by affiliations of various kinds against high prices. and by the fquida- ton and uncertainties in stocks and cot ] ton.
 Ginghams ars selling well with jobbers. Bleached goods are quiet Fine fancy cot tons move irregularly with some conces- sionH in prices noted on the gray cloths. Cotton yarns continue quiet and prices are lower. Spinners are holding fairly steady, but are getting little new busi- ness at asking figures.
 Drills and sheetings rule quiet and con- verters are disposed to hold off until the trend of the spot cotton market becomes more dennite. Export trade Is light