| Show INTEREST SEEMS TO BE LACKING Movement of Prices Exceedingly Sluggish Except in i the te Case Cae of ofa ofa ofa a Few Pew Special Stocks MANY RUMORS SET AT REST REALIZING NG MOVEMENT ENT IN I N COP COPPER copPER PER STOCKS New York Feb 14 Speculative interest today in the stock market maket declined agn again to about last lat weeks average The move nove movement Iove ment was wa exceedingly sluggish except in ina ina Ina a few special stocks and an in them it was less ess pronounced than yesterday The days trading offered offered a tame tam conclusion to the long period of surmise over the Union Pacific dividend divided which was wa settled today by the placing of the stock on a regular 6 per cent basis bais The trading tring in that hat stock for the day was wa rather smal sal smaller ler er than ta the recent rent average and ad the hes lies vibration n the te price extended to only about a point above or below blow last lat nights level In the last few days the current curent opinion had become becom pretty well wel informed as a to the Intended action acton on this dividend but the conjecture up to that divided time had covered a very ver wide range rage of ot possibilities as to the rates of the te divi dividend divIdend and a supposed distribution of sur surplus surplus surplus plus In addition addIton The moderate movement in the stock setting at rest ret all al of these rumors were suggestive of a pretty thor thorough thorough thorough ough cleaning up of speculative commit commitments month ments ment The Te action acton of the copper stocks stok upon the formal announcement ano of the transfer of control of the Heinze properties and tue tie resulting settlement of litigation also offered abundant suggestions to the spec speculative speculative mind that the mystery being bing cleared from the stock deprives it of much of Its it motive power In the market Amalgamated Copper and Anaconda clearly cleary showed showe the effects effect of realizing throughout the te day although occasion occasionally occasionally ally aly support made their ther movements Ir Irregular irregular regular regula The smelting and lead stocks came under the revived influence of a merger of copper cooper copp and smelting companies which it was WS hoped was to be included in the official announcement of the Mon Montana Montana Montana tana settlement These movements were of small smal effect effet however how ver upon the gen general generl general eral erl market which backed and filled fied with witha a narrow narow range during the day Heavy rew vew issues of bonds were a continued sub subject subject subject of discussion and ad some disparity of opinion was disclosed as to the te deduction to ba be 13 drawn from this thi prominent devel development development in the situation As A an evidence of the confidence of the most mot important financial interests both in the outlook for general conditions and the th further re resources resource resources sources source of the money market to absorb these the e large issues it was wa urged ure that the offerings at this time were an encouraging encouraging encouraging ing feature feature Speculative discussion dwelt t the importance of supporting meas measures me measures ures in the stock market to make a suc sue success success cess of the marketing of new bonds The Te money market however showed clearly clealy enough the effect of the large lag requirements thus to be b met mt The Te rate rte of time loans for all al periods prods up to six months was V fairly fair estimated on a 5 S per percent pr percent cent basis bais and higher rates were asked for short time loans Call Cal loans rates also were higher ruling above 4 per cent throughout the day and getting as a high as 7 pe p pr r cent The gold for South Amer America Ameria America ica ia which was expected to be b taken last lat week was wa added adde to today to d a making the total shipment amount to The Te absorption in the mon money y market since the last lat bank statement rose roseto re reto roseto to 30 Quotations for interior ex cx exchange exchange change showed in favor of New York in response to the firmer market here The Te effects of the Union Pacific dividend and ad the copper settlement caused an apprehension apprehension hension that various other oter deals dels have been ben discounted already in the movement of prices The market closed under pros pres pressure pre sure and at the lowest of the day dav Bonds were ere heavy Total sales s les par alue value on United call States bonds were all al unchanged |
