Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-06-14
Increased Volume of Business
Marked the Dealings.
OF VERY POOR CHARACTER
Further Decline in Prices Up to Three
Points and Over.
OPERATIONS ON SHORT ACCOUNT
Money Conditions Chief Topic-Lon-
don Weak in All Departments.
Renewed Selling for Paris.
OF VERY POOR CHARACTER
OPERATIONS ON SHORT ACCOUNT


NEW YORK, June 14.-It was said of the
dealings in today's stock market that the
selling of securities was of very poor
character and that the buying of stocks
was OF still poorer nature in respect both
of quality and quantity. There was at the
same time a very large increase in the
volume of business, the transactions during
the first hour, in fact, being in excess of
yesterdays total. With particularly
novel consideration calculated to affect the
market to be cited there was a further
decline in prices. in which losses running
from fractional limits to points and over
were scored. Considering the enlarged
volume of business. the general run Of
commission houses were idle to remark
able degree.
In large measure the course of prices
could be attributed to aggressive opera
tons for the short account, and there are
now abundant evidences OF organization
of a more or less closely knit bear party
In the speculation. The Identity of the
individuals in this speculative faction is
very generally known, and they are ap-
parently not ashamed to include within
their number one of the most notorious
characters that has ever occupied a notice.
able space in Wall streets affairs. 1t is to
the malign activities of this individual that
many of the current and recurrent rumors
which have permeated the Wall street at
moSphere OF late can be traced.
Money market circumstances again filled
a large share of Wall streets general dis
Cussion today, interest in that direction be-
ing emphasized by the rather unexpected
announcement that S2OOO0t0 of additional
gold had been engaged for export by to-
morrows outgoing steamer. This makes a
total of S12,4OOoOO on the current move
ment. and there are as yet no clear indica-
lions that the outflow of the metal is cul-
minatng.
London Noticeably Weak.
The London stock market was again no.
ticeably weak in all departments with re-
newed selling for Paris account the chief
feature of the dealings. A rally to which
no great significance was attached took
place there before the close of the business
session. Operations in this market for for
elgn account showed an excess of sales to
the extent of about 10000 shares, in spite
or the fact that fair-SiZed amounts in
Union Pacific were purchased by the ar
bitrage houses.
The publication this morning of a very
would be brought to defeat the proposed
financial plans of the Union Pacific might
perhaps be mentioned in connection with
the dealings in that stock, although it's
movements were merely in line with those
recorded elsewhere in the market.
Anthracites Notably Weak.
Reading and the other anthracite coal
stockS We're notably weak probably IN con-
nection with the legal proceedings brought
by the Federal authorities against the al
legged combination and in addition Read
ing was specifically affected by Philadel-
phia dispatches throwing discredt upon
rumors recently current here that the
forthcoming dividend on the stock would
be declared at an advanced rate
The declines in Great Northern preferred
and Northern Pacific might reasonably
enough be described to be very pessimistic
utteranceS EXPRESSED Yesterday nv he IL
ing figure and former president of the
Great Northern system. The several de-
partments of the market exhibited common
tendencies, the declines in the industrial
and miscellaneous issues and in the trac-
tton shares corresponding with those suf-
fered by the railway list.