Show STOCK MARKET MARKETIS IS UNCERTAIN Variety of for the Dul arid and Heavy Tone CAUTION THE WATCHWORD NET CHANGES SMALL MALL AT THE CLOSE Now New York 11 May market gave signs of falling Into the dul dull ad and uncertain state which Is the rule after frt first recovery from such a shar sharp break a as that which followed the San Francisco property Jes losses The reason Is that the recovery result results from the declines hay bay baying ins ing been overextended rather than from any radical change In the conditions that caus caused the decline A variety of ex cx wa was found for the hevy heavy tone developed In the market toda today but the fact i is that much ha has been accomplished toward covering up the contracts on the short side ide of the market which were put putout putout out during the period of acute depression of sentiment The existence of the short interest and is its potential requirement requirements has made a useful medium for the ag aggressive professional operations for ad advancing price prices With these two forces approaching a balance agin agaIn the mar market market ket is free to respond to the conviction that the conditions which caused the real break In price prices were not fictitious but rel The elemet element of uncertainty and restrict restricted ed capital resources to meet the heavy requirements pressing to seure secure the sup ply was brought Into prominence tOday by the announcement of the Pennsylvania note issue for 00 The fact in Itself that resort to thi this for form of financing was considered by the most po powerful railroad corporation in the country countr wa was of ad adver adverse ver verse effect on sentiment The terms of the issue als also were unfavorably regarded The falling of off in the activity of the market a ascribed In par part to a a to eter enter upon stock market commitments until after the adjournment of congress Something Something was made als also of the Standard 01 OIl dividend declaration which a as at the same Mme rte rate as the cor correspondIng respondIng period of lat last year er but le lees than for the of preceding quarter this year er Bearish traders attempted to cou coupe coupie pe pie this with yesterdays s reduction In the dividend of a smal small subsidiary company of the Amalgamated Copper Copper company to form an inference of a against a a ris rise in the market on the part of the powerful financial group roup interested pr in the these companies The market had the advantage of a considerable rise before the decline set t in and a late ral rally s so that Ute the net change changes ae are small a as a rul rule The closing was firm Bonds were Irregular Total sales par value value 0 ses pr on Uni United call State States 3 declined per cent centon |