Show NOTHING DOING IN WALL Professional Element Struggled Struggled Struggled in Vain to Effect jf 4 i j a Movement BROKERS ROKERS WAIT AND WATCH NEWS OF THE DAY NOT FAVOR FAVORABLE FAVORABLE FAVORABLE ABLE TO RISE IN PRICES New York Tork March 4 The small sm clr cir cirit d le it of ot Q professional traders whose oper operations operations now make up the score of or dally daily transactions in the stock market struggled struggled Ild In vain today to effect any con considerable movement They were hard hare pushed to find arguments as a nominal explanation cx of or their operations The Theay day ilay ay was practically practical barren of price movements or news of f any Interest Int rest The rhe flattening out of yesterdays brief spurt of activity served to discourage completely l the hopes of any Interest In Inthe Inthe Inthe the revival of dealings in stocks Not Notwithstanding Notwithstanding Notwithstanding withstanding the almost total paralysis of or the demand for securities the bear traders find no important offerings com corn coming cornIng ing out to afford them opportunity to cover short contracts The lethargy of or the market mar et is rec lec recognized r as the reflection of or the pause J In the progress of affairs and the hesi hesitation hesitation hesitation tation In the formation of or definite op operations operations operations over the direction to be taken when progress is resumed Evidence of revival of Industry and recuperation of business was as not regarded as clear enough nough to warrant operations today The reduction of or the dividend on Cal Calumet Calumet Hecla stock and on a minor topper ropper company had a discouraging ef et effect effect on holders of the copper indus industrials Industrials Industrials trials Another In n the price of ot copper In London today was an another another other factor In the same direction The selling Felling of Union Pacific was under sus suspicion suspicion suspicion of coming from a source and the traders were encouraged encouraged aged a ed to join In the selling only to find the stock In scarce supply when they attempted to cover covel Securities of low grade railroads on which the margin I of or t earnings of fixed charges Is small were affected by the heavy declines in earnings being shown by the Jan January Jannary January uary nary statements coming earnIng to hand There Thera was continued discussion of or the ther r amount of or unfriendly criticism and hos hostile hostile sr tile measures directed against the fin tin financial financial ancial centers and the speculative mar mal markets ets and there was a disposition to ascribe to this muCh of the profound dullness which has now overtaken the stock tock market Opinions are divided over the probable action of the Bank t t of f England governors on the official I discount rate tomorrow The present Increase Jn in money market supplies In is IU luthe the ques question question question tion of needed protection against a de demand demand mand Uland from tram Berlin to help belp in meeting the pressure on supplies on that mar market market market ket The scarcity of stocks was the basis for a turn against the shorts which caused a brisk rise later in the theda day da when Great Northern ore certificates rates cates developed pronounced strength The movement also died out again into dullness and hesitation before the mar market market ket closed Bonds were irregular Total sales par value United States bonds were unchanged on call all |