Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-10-04
Dealings in Greatly Reduced
Volume Today.
IRREGULAR MOVEMENTS
Consols Featured General Rally in
London.
LOCAL FRACTIONS IMPROVED
Southern Railway Exceptionally
Weak and L. and N. Broke
u in Sympathy.
LOCAL FRACTIONS IMPROVED

Special Dispatch to The Star.
NEW YORK, October 4.-Prices backed
and filed within small limits in today 8
stock market during the greater part OF
the business session, and II there were any
distinct impelling motives other than tech
meal causes for the irregular movements
in prices they were not visible to the
naked eye. The dealings were in greatly
reduced volume in comparison with yes
teTdays total and five six stocks again
furnished a large and undue proportion
Of the days aggregate. The market did
not have to contend. as was the case yes
terday, with any further heavy selling for
foreign account.
The London stock market today enjoyed
a general rally in which consols were con-
spcuOus, and. In fact. the copper stocks
furnished about the only exception to the
general Improvement there.
Copper metal was strong In London, but
the quotations in the local market were re-
duced to the lowest figures Yet touched.
Amalgamated Copper however. only par
ticipated i'll the uncertain swings in prices
exhibited 10y the marke; at large. The
United States Steel shares We're compare
lively firm and American Smelling fiuc-
tuated within small limits.
In the local traction group, Brooklyn
Rapid Transit was again conspicuous!y firm
and the gh-Metropolitan Az per
cent bonds benefited to some extent by the
statement made public this morning defln-
lag the relations between the marlborough
rapid transit companies and the others
comprised in the inter-metropolitan system.
The Railway List.
II was quite impossible to discover any
actual news or to elicit any gossip of in
terest with regard to the transa ctions in
the railway list. The Southern railway
shares were exceptionally weak. and at
one time Louisville and Nashville broke in
sympathy with the former. but IT later re-
covered the larger part of its loss.
The decline in Southern railway took
place on comparatively small transactions.
which seemed in some measure to repre-
sent operations for the short account. Cana
dian Pacific. Northern Pacific and Great
Northern preferred were rather exception
ally firm. Such usually active stocks as
Union and Southern Pacific. Reading. St.
Paul and Atchison. while retaining their
position In that respect. f1uctuated within
unusually narrow limits
The preliminary estimates of the principal
movements in currency during the week
pointed to loss In cash by the banks
somewhat in excess OF 81. 100000. This I'M
favorable balance wa caused largely by
currency shipments to the interior, which
were in double the volume of lie receipts
The loss IN cash measures w closely TO
the total surplus reserves reported in last
saturdays bank statement, but its bearing
upon tomorra~'sl showing seemed 70 play
very little part In the transactions in the
stock market money on call was again
fairly active. but averaged we'll below yes
terday mean levels. Sterling exchange
was firm and the commodity markets were
sluggish.