Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-13
Dizziness and lrreguIarity the
Features Today.
NO SPECULATIVE SPIRIT
DAYS Grain Advices Helped Wheat
and Corn.
MONEY CONDITIONS UNCHANGED
- London Was Generally Heavy-Div1-
dends and Earnings Statements
Furnished Only News
MONEY CONDITIONS UNCHANGED

Special Dispatch to The Star.
NEW YORK June I3.-Dujlness and ir-
regularity OF movement were the distin-
gushing characteristics OF the stock mar
ket today. Trading opened with no novel
incentives for speculative activity in one
way or another, and there were few de-
velOpments in the course of the business
session which were calculated TO incite m
creased activity. The days advices re-
lating to the agricultural situation were
somewhat more Iayoraote, and DOtn wheat
and corn reacted quite Sharply from Their
opening prices.
Money market conditions showed little
alteratiO in any respect. there Oeing again
quite liberal offerings of funds carrying
over into the new year slightly ABOVE
per cent.
Occurrences relating to the money mar
ket included the nrst shipment of money TO
New Orleans 4Or the season, ana iurther
the first of currency from San Francisco.
Within less than month the banks WI
be called upon return to the treasury
the special deposit og slO.VO0,.JO during
the spring str.ngency and there VIII
be some discussion with regard to the
effect upon the money market of the ex-
piration of the sixty days period after the
San Francisco fire. which under the law IS
allowed TO the insurance companies. Inc
banks lost quite heavily 10 the subtreasury
yesterday, and according to this morning
figures show loss in their transactions
with that institution since last Friday or
nearly SdJ0.OVO.
heavy, consols declining on selling by hold
ers DESTROYS of exchanging their invest
ments into the new Irish loan but opera
lions here for foreign account were again
conducted upon the inconsiderable scale
which has been noted of late.
The days routine news was limited to
dividend announcements and earnings
statements Included in the former was
the declaration of a semi-annual dividend
OF per cent on Pennsylvania companys
stock. an increase OF l per cent per an
mum over the previous declaration. but. al
though the whole OF this issue is owned
by the Pennsylvania Railroad Company.
there was little market reflection upon the
stock OF the latter.
st. Paul the Leading Feature.
St Paul was again the leading feature of
the stock market in all respects, and show
ed a well-sustained tone of strength, al
though even in that instance wide fiuctua-
lions took place in the quotations with the
course of business session. There was moth
ing novel to be said with regard to the ex-
ceptiOnal animation in st. Paul, and lt.is
understood that there will be no official
announcement respecting the company's
financial plans. at least during the current
week. Other relatively firm features of the
railway list were Baltimore and ONO ana
Reading.
Throughout the course of the business
session. however. the market exhibited fire.
quent changes of tone, and aside from
merely technical trading conditions, 1t was
Impossible to assign definite reasons for the
movements in one security or another.
The Industrial and miscellaneous issues
were generally heavy. being apparently
sympa thetically influenced by the pro-
nounced pressure upon the United States
Steel stocks. The United states Steel sink
ing fund ffves were likewise under pressure.
and in a market such as that prevailing
81 10 fy,Ar,~ ion II
ed by the apparent character of the selling
of these securities.