Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-23
Heavy Undertone, With Con-
spicious IrreguIarity, Today.
EARLY DEALS ON BULL SIDE
Liquidation Not So Continuous as
Yesterday.
ROCK ISLANDS SHARP RALLY
London Dull and Featureless-C. and
o. One of the Weakest Features.
Copper Stocks Heavy.
EARLY DEALS ON BULL SIDE
ROCK ISLANDS SHARP RALLY
Special Dispatch to The Star.


NEW YORK. June 23.-In the place Of
the almost continuous decline in prices
yesterday there was noted today a greater
irregularity OF movement. but the trading
at all times presented a feverish appear
ance. and the dealings revealed heavy
undertone. After such a break in prices
as took place yesterday the professional
element of Wall street is nearly always
willing to base its ventures upon the
likelihood Of a reaction. and most Of the
speculative commitments of this descrip-
ton made in the early dealings were upon
the bull side of the account.
The dealings as a whole did not show
such continuous liquidat on as was wit
messed yesterday. nor, on the other hand.
did they suggest that any great part of
the selling then in progress was for the
short account. There was nothing new
to narrate with regard to the affairs Of
the Rock Island system. The Rock Island
railroad and . per cent bonds rallied
Sharply and the Rock Island company's
stocks were reasonably steady The st.
Louis and San Francisco issues were not
notably conspicuous In the days transac-
1ions. although interest in Rock Island
affairs centers My upon the position
OF the Frisco property.
There was no disposition at all to at
tribute the recent weakness in Rock
Island securities to the death in Paris to-
day Of a capitalist, formerly conspicuous
ly Identified with the system.
Bear Traders Effort.
Bearishly disposed traders attempted to
make some capital from the viewpoint
of politics of the serious indisposition
of the recently nominated republican can
didate for the vice presidency, but it was
questionable whether that circumstance
was an actual factor in today's dealings
Inc London stock market was dull and
fea;ureiess III advance OF the fortnightly
settlement and little or nothing was done
mere for foreign account. Throughout
the irregular movements in the local stock
market Reading and Union Pacific fur
niShed their usual disproportionate quota
Of the days total transactions with no
news or gossip whatever. except of a
technical character, to be cited in connec-
ton with the activity in those stocks.
Chesapeake and Ohio was again one Of
the weakest features of the market on
reports that the negotiations looking to a
transfer OF the control OF the property
from the bankers now holding il to an
other railway have been abandoned. Mis-
g!vIngs with regard To the forthcoming
dividend were again named in connection
olvldend were again namedl in connection
with the weakness Of Baltimore and Ohio
Copper Shares Heavy.
Amalgamated Copper and Anaconda
Mining were both heavy. partly in connec-
ton with reports Of an outbreak of a
serious fire in the mines of the latter, al
though here. too. nervousness with regard
to dividends cut some figure.
The local traction stocks were again
comparatively neglected. During the
greater part OF the business session deal
ings were conducted upon the same scale
OF activity that has been witnessed OF
late.
The near approach of the close of the
hscaf year found no material reflection In
money market circumstances. The COM
modify markets were more quiet than
they have been for long time past.