Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-09
Today's Stock Market Cen
orally Heavy.
MONEY MUCH EASIER
PUBLICITY PRovoKES SOME UN-
EASINESS.
General Liquidation Decidedly Present
in Dealings Of the Day
Closing Prices.
Special dispatch to The Star.

Special dispatch to The Star.
NEW YORK, October 9.-Today's stock
market was generally heavy, notwithstand-
ing that the monetary conditions which
have monopolized attention for the past
two or three weeks were decidedly easier.
Ii seemed to be the case that the wide pub
licity which has been given to the tempo
rary stress in the money market had finally
served to provoke some uneasiness on the
part OF the public at large, as at all events
genuine liquidation was Enthusiastically pres
ent In today's dealings. Nothing of any
consequence happened over Sunday, and
the market opened with no other fresh IN
centive than the course of prices at Lon
don. The heavy tone which prevailed in
the stock market at that point was ac-
counted for exclusively by apprehensions
respecting money market affairs, as mas
been the case for month past.
Small alteration appeared In the foreign
exchange market, but, according to cabled
adyiceS from London, f2UyOO0 gold was pur-
chased in the open market for shipment to
New York. No light was thrown upon last
weeks somewhat mysterious withdrawal or
the yellow metal from the Bank of France.
In the local money market rates for call
loans opened at per cent, advanced to
161a per cent and subsequently showed ma
terial relaxation. This mornings figures
OF the transactions between the banks and
a loss by the former of about 1900, 600.
Currency movements are now not alto
gether In one direction, and while the outgo
for crop movement purposes is still MAIN
tanned, there are numerous back currents
in favor of the local market.
The observance of the Jewish holiday
served undoubtedly to restrict activity to
some extent, but nevertheless transactions
during the forenoon were considerably in
excess of those during the corresponding
period of last week. After midday there
was considerable falling off in the volume
of busir ess, but the diminution In activity
was accompanied by substantial harden
ing in the markets tone.
There was virtual absence of any news
at all of consequence relating to particular
securities. The Wabash issues were prac-
ueally unaffected by the refusal of the
United States court at st. Louis to restrain
the Gould interests from voting their hold
ings of the Wabash securities, and it is
now taken for granted that the attempt to
wrest the control of the property from old
time owners will end in a fiaseo
For no particular reason that was ap
parent, the local traction shares were ex-
ceptionally strong, with quite animated
dealings in the Metropolitan stocks. The
Industrial issues, and even the railway
equipment stocks. which were advanced
toward the close of last week, were heavy
in common with the general market. There
was nothing of interest or significance to be
ELECTED from the dealings in the railway
list. The maximum declines there extended
from fractional limits up to points. with,
as already noted, moderate recoveres being
markets were generally steady, but the re-
cent decline in cotton was referred as a
factor in the heavy tone of the stock mar
ket.