Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-07-10
Prices Showed Little Change
From Yesterday.
DRIFTED IN AIMLESS WAY
Falling Away in Animation After the
Opening.
Observation-Disclosures
Money on Call Continued Easy-Day's
Transactions Afforded No Ground
for Extended Comment.
Observation-Disclosures
epscial Dispatch to The Star.

epscial Dispatch to The Star.
NEW YORK, July 1o.-Previous to the
publication of the government crop report
late IN the afternoon the stock market
drifted about in the same aimless and ap-
parently Insignificant way that 1t did yes
terday. There was. Furthermore, a very
sharp contraction in point of activity, and
almost constant falling away in anima-
tien from the opening of business.
Aside from the governments report upon
The condition of the crops the first of
the month the most important circum-
stances of the day might be named in the
much freer offerings of funds on time for
perioGs running into the new year. There
will not in consequence. however. be any
material shading in rates. which were firm
y held at 5h per cent, but should there
turn out to be much substance In today's
favorable turn in monetary affairs 1t can
hardly be questioned that reduction in the
stiff rates heretofore maintained may be,
Teckoned upon
Money on call continued easy at yester-
days mean level. The banks reported a loss
In their operations with the subtreasury
from last Friday up to this morning of
nearly 81 100000. Foreign exchange condi-
tons were not materially altered.
Discussion during the greater part of the
day aside from that devoted to technical
trading conditions, was taken up mainly
with the prospective showing of the gov
ernments crop report The grain market
dull, but ruled extremely firm pre-
vious to the appearance of the figures OF
the Agricultural Department. The days
transactions in the stock market afforded
no grounds for extended comment. As was
the case yesterday, prices declined during
the morning from a fairly firm opening
making subsequently upon occasions frac-
tiOnal and rather feeble rallies.
The Only Extensive Movement.
About the only extensive movement In
any particular direction was the COM
paratively sharp break In the INTERIOR
ough securities, in which the preferred
stock declined below Brooklyn Rapid
Transit non-dividend paying issue. The
United States Steel shares moved in COM
mon with the market at large, despite
the circulation OF further optimistic fore
casts with regard to the showing that
the corporation will make three weeks
hence and despite also the dissemination
of many favorable reports relating TO
steel trade conditions.
A rather heavy tone was common In the
industrial and miscellaneous shares. with
relatively active transactions In Anal
garnated Copper, American Smelling and
Colorado Fuel and Iron. National Lead
was exceptionally firm There were few
and such as were noted appeared to have
and such as were noted appeared to have
no material significance.
AS usual. the active issues in this depart
ment were Union Pacific. st. Paul, Reading.
Pennsylvania and Baltimore and Ohio.
The London stock market enjoyed today
quite a general and material Improvement
In tone, which was caused mainly by the
absence at the fortnightly settlement OF
the difficulties which have been expected
especially in the Kaffir department.
Transactions here for foreign account
were, however, upon nothing more than
nominal scale According to London adj
vices the June production Of gold at the
Rand mines reached the tremendous total
OF 4T5 ,9I5 ounces. by far the largest
amount on record. and total nearly 1900
ounces In excess of last month production.