New York, Jan. 21 Fairly steady conditions prevailed at the opening of the stock exchange to-day, but later prices moved irregularly lower on liquidation and profit-taking. The Street appeared to be somewhat disappointed over the outcome of President Roosevelt's conference with automobile executive but this was offset by better condi. tions prevailing in the retail trade. The passage of the Naval Appropriations Bill in the House heartened the steel industry, as this includes the building of two new battleships. However, there was no undue pressure, and generally conditions were dull' and uninteresting. The turnover amounted to 790,000 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.