Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-19
Professional Trading Featured
the Business Today.
PRICE CHANGES LIMITED
Further Large Withdrawal of Gold for
Export to Paris.
A VERY DECIDED REFLECTION
Loans Running Into New Year Not
Readily Made Under g Per
Cent-Banks' Loss.
A VERY DECIDED REFLECTION
Special Dispatch TO The Star,

Special Dispatch TO The Star.
NEW YORK, June 19.-The small sum
total OF the transactions In today's stock
market was again represented almost ex-
clusively by the in and out ventures of the
professional traders of the board room
Price changes were limited and irregular
and by reason of the character of the deal
ings were Invested of any enduring sgnifi-
canoe
The most striking circumstances of the
day was the further large withdrawal Of
gold from the subtreasury for export to
Paris two firms alone taking 81 500 900
These engagements bring the total takings
on the present export movement up to SIS
100000. and all of the various departments
OF the money market gave quite a decided
reflection today to the outflow of the metal
Loans running Into the new year could
not be arranged with any readiness under
8 per cent and offerings OF accommodations
for six months time were almost suspend
ed. As has been the case throughout the
current gold export movement, the foreign
exchange market gave nothing more than
the faintest response to the arrangements
Incidental to the gold shipments
Unfavorable Bank Balance
The banks have lost In their transactions
WIN lIic SuDCedSuiy tiuS ldi lHio "Sch
nearly 100000. and this unfavorable bal
ance will, of course. be largely increased
by todays and tomorrows gold shipments.
1t could hardly be said with truth. how
ever that the latter amounted to an effec-
tive influence In the dealings in securities.
and at all events they were not referred to
In the days discussion as a factor In the
market.
Little effect seemed to be produced either
by this mornings suggestions that the gen.
eral navy board was contemplating the
transfer Of a large portion of the Atlantic
feet to the Pacific, although the bearing of
such an order would be very plain and
might be productive of quick and striking
results. ,-t=
London Somewhat Improved.
In the absence of anything else more con-
spicuous in the mornings situation. the
Usual amount OF attention was accorded to
the state Of the London market. which. on
the whole. showed some improvement. Con-
soils to be sure. again touched another low
point. but subsequently and for the first
time in several days faint rally took place
in those securities.
Paris continued to buy in the London
market. those purchases leading to further
gains in Russian bonds and other interna-
tional securities. Operations here for for
eign account amounted to less than was
done by many OF the professional traders
of the floor.
The days advices with respect to the
progress OF the crops were generally salts
factory, but the grain market rallied
sharply after an early period of depression.
II Is now generally recognized. however,
that the speculation in grain Is based quite
as much upon foreign agricultural condi-
tons as upon the state of the domestic
crops.
During the larger part of the business
session the professional element found an
excuse for inaction in the professed uncer-
tainty with regard to the rate Of dividend
to be fixed upon Reading common stock.
Possessing the distinction of a dividend
declaration. Reading was in all respects the
most conspicuous feature of the market.
and at all times during the day the trans
,ctions In that stock furnished from 40 to
o per cent of the total dealings. Dealings
other stocks were unattended by any
pecial consideration, except of a routine
md technical character.