Show PRICES WENT UP BUT FElt FELL BACK Heavy Tr Transactions qs in Wall WallStreet WallStreet Street During the Short Saturday Session SOME SHOW I HARRIMAN GROUP GROU THE CENTER OF ACTIVITY Nev W York Jan re revival vival which developed yesterday esterday In the stolk market markot had the effect ot of brInging In a large today lh transactions for two hours houra were larg largely ly In ot of the recent average tor n a full tull dayS PrIces wa way ered when the tho complexIon or of the bank statement became known and 0 a sharp harp followed Us its publication The late rally lit In the tho market dl did not carr carry prices rk s back to the tho high point but the do closing Ing tone W was S strong The Hp activity centered In th l harriman group especially Union Pacific The of at at tb inquIry by the commerce commissIon or of the th wide copo or of the ac activIties of its executive In the tho of and aud the acquirement of a voice aloe In the control In other railroads came as n ft to most moet of the stockholders The exhibit or of the lower thus centered In theIr property apparently pleased them and there wa n sign of the tho anxiety recently for forth forth th onS n s of this inquiry In the ln dIsclosure or of n a in tho or of the that v luk ul make them amenable to legal prec q b the government nt I n r spirit wan fostered also Iso h the quIck In th e en n It which h 1123 s occur hiring tho veer on thir WiS what shaken by the sho wm of f th k the net n t whIch n a down of the surplus 10 o a figure The large loan Increase was Wa attributed to the or of th January 1 s The Tho de crear n of in the cash cush item Instead or of an estimated gain or of had more Influence Ott tt sentiment The failure to take account ot of the trust companies In fn th iii provisIon of the ono one per cent In or of the five per cent cash re ra which earn came into requirement on Jan 1 probably explains the ancy There was a notable expansion In th buying or of bonds at the stock ox ex exand chango and general hardenIng or of prices priceR Total sales R of bonds par value Th action ot of tho stock market with the ot of tho now yeng Indicated a ot of caution in sentiment and a rc of hesitation LUon and In tho opinion held over the out look The exIstence of this spirit seems I to lo b be responsible for the aIr or of constraint on speculative operation whIch charac th the first transactions of the year ear earn hi n spite or of the satisfactory working out or some Bomo or of the immediately unfavorable factors In the situation The Tho action or of the tho money market through the tho straIn of the annual settle settlements ments showed hone Ilone of the vIolent unset unsettlement which had been feared her hera remains a feeling of uncertainty 88 s to hoW much further this relaxing y of the money market may be expected to go and how long it may persist Bonds were dull and there was no In of art Important d demand mand for re reInvestment Investment such as usually appears appealS nt the period or of disbursement of yearly eary profits United States new regIstered de d Jh 1 and th the coupons percent per cent op call durIng thO weekS week 44 |