Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-07-09
TomorroW's Events Swallowed
the Dealings Today.
STRIKING ITEMS OF NEWS
Gossip Over Governments Plans in
Trust Prosecutions.
TREASURY AND 40 BONDS
London Dull and Generally Heavy.
Further Covering of Shorts.
Sponsor for Recent Advance
TREASURY AND 40 BONDS


special Dispatch to The Star
NEW YORK, July 9-Interest and dis
cussion in Wall street this morning were
rather more occupied with tomorrow's
events than with those of today Included
In the former will be the monthly govern
ment report upon the condition of the cereal
crops. the final date for the return OF the
remainding $3O.OOO.OOO of treasury funds de-
posted with the banks last autumn, the
final day for the payment of the initial SUBJ
scriptions on the Union Pacific bond issue
and the opening of the settlement upon
the London stock exchange.
The most striking items in this mornings
news were made up of the Intelligence with
regard to the new methods to be followed
by the government In the antitrusts prose-
cuton and the decision of the federal court
IN the preliminary proceedings against the
lnterborough Metropolitan merger. The in
tentions of the department pending the de-
cisiOn of the court of last resort were not,
Ii might be said. taken very seriously
Still a disagreeable impression pro-
duced by the intelligence in question as
in the light of recent speeches by the Pres
ident II had been taken for granted that
the activities of the administration would
hereafter be directed toward preventing
future abuses rather than toward invests
eating and prosecuting alleged evils of the
past.
Company. the corporation to be first dealt
with. were heavy today. and the Inter
borough metropolitan stocks declined
also in connection with the decision of
the federal court, which was really an
nounced yesterday. but which received
greater publicity in this mornings news
papers.
The Treasury and the Banks.
There was much curiosity and interest
as to the way in which the conflicting
transactions between the Treasury De-
partment and the banks and the other
holders of the matured per cent bonds
would be adjusted OF these bonds about
S23.O0O.oO0 were still outstanding at the
opening of business this morning while
on the other hand. the banks have re-
turned to the treasury only about SJ.0OO-
200 of the S3O.0O0,O0O to be repaid by to-
morrow.
Thus far the slow presentation of ma
tured per cent bonds for redemption
has not had any satisfactory explana-
tlon: AT the same time today,s money
market was surprisingly easy In view
o. the large transactions in question. and.
In TACT. the rate for call loans averaged
around yesterdays mean figures. Condi-
tons in the foreign exchange market
showed little alteration.
The London stock market was dull and
generally heavy in advance of the fort
nightly settlement upon the stock ex-
Change. but operations here for foreisn ac-
count We're confined to the sale of not more
than 10000 shares.
Cross-Currents in Evidence.
Dealings in the local stock market
showed many OF the same cross-currents
which were observed yesterday Further
covering of short contracts was conducted
In some directions. and renewed operations
Tor the short account in others
The avowed sponsor for the recent adj
vance in the market was heard from again.
Out his remarks were little CONVINCING
as heretofore. and apparently he and his
associates were disposed to allow the mar
ket 10 give some definite reflection of the
tests to which 1t IS now being subjected,
Inc relative strength of st. Paul and
Amalgamated Copper was naturally a mat
Ter OF some comment. particularly as cop
Per metal and copper stocks were notably
weak in London