The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1911-03-28
WALL STREET NEWS
Another Low Record for Year
in Stock Dealings.
STRENGTH SHOWN, HOWEVER
Bearish Spectators Shift Position
and Begin to Retire Contracts for
try Marking Time Pending De-
cisions of Supreme Court.

New York. March A.-In the first four
of the five hours devoted to stock ex-
change business to-day dealings in stocks
were only 5000 shares, or at rate
Z which appropriated rather closely to the
1900 share figure of the famous low
record day on March 10. 1904 This record
- was made on the Friday preceding the
Monday on which the decision in the
Northern Securities case was handed
down. AS it happened, dealings in stocks
in the last hour OF business to-day were
rather heavily increased, but even as it
was, the entire volume OF the days
transactions was only $4,000 shares,
which made a new low record for the
year.
Market Shows Strength.
The probabilities are that had it not
been for the decided frmneSs of the
market exhibited up to o'clock to-day
the last hour OF business would have
been fully as dull as any of those pre-
Ceding it. The fact was, however, that
stagnant as the market was to-day, it
evidenced such decided strength that
trading spectators on The floor of the
stock exchange who were for the most
their position and began to retire their
contracts for the fall These contracts
were not numerous at most, but the
buying that was neCcSSitated in order
to cover them served to advance quota
tiOnS.
Had active speculation been in progress
to-day, the news OF a heavy fall
rain or snow, covering tt" entire country
from the Rocky Mountains eastward. in
b.. Los airt+ NH h
ably have induced much heavier buying
CT stocks than was to-day witnessed.
AS the result of il, prices weakened all
along the line in the grain and cotton
markets.
Supreme Court Decisions Awaited.
on the stock exchange no attention was
paid to this; nor was attention paid to
anything except rumOrs regarding the de
ciSions in the antitrust cases. It Is quite
likely that undue Importance is attached
t" the action that the Supreme Court will
take in the Standard Oil ana Amer can To-
hacCo law suits. The history of affairs Of
this Kind has DCcn. almost without eXCcp-
NOT. that in preliminary discussion con-
Curnn:, them their influence for evil in
financial sense was exaggerated. II is,
however. indiSputable that q the moment
not merely dealings in stocks. but bust
Try are in a state of abeyanCC pending
tho pronouncement of the supreme Court
in this matter
Merchants Marking Time.
There is not a city in the United States
where at the present moment merchants
are not holding UP purchases OF goods
that would otherwise be made and check
ing their enterprises wherever possible
because OF fear that the transaction thus
accomplished may he Illegal under the
Law of the land: and the result OF this
= that stagnatOn OF business is spread
ing over the country. of which daily Wis
ihIC indication is displayed on the stock
exchange.
There vas particular strength to-day IN
the Canadian Pacific. Norfolk and West
+rn. and one or two other stocks. and,
speaking generally. higher gains were TO
ported at the close OF business in the
general line of shares than might ka,.
been expected from the small volume OF
trading.