Evening star., 1908-01-24
Declining Tendency of Prices
Was Renewed Today.
LOSSES FOR ACTIVE ISSUES
London Narrow and Irregular,
With Consols Strong.
FOREIGN ACCOUNT SMALL
Little Change in Money Market
onditions-Material Declines
in Leading Railways.
Special Dispatch to The Star

Special Dispatch TO The Star.
NEW YORK. January o4.-Therc was
no particular change to be noted IN inc
general circumstances of the stock mar
lzct today in comparison with those when
have prevailed throughout the week. In
tho carly part of the business session the
declining tendency of prices WAS renewed,
and q number of the more active issues
showed losses in excess OF one point.
Consideration of the extent Of the de-
cline throughout the week apparently sug-
Eested To the floor traders the wisdom
of retiring a portion OF their commit
mcntS, and. consequently. with the course
If the business session, there took place
an irregular sort of recovery. ComInis-
sion house business was again in extreme
" small volume, and little was done mere
for foreign account. although the opera
tious OF that character showed piepoii-
lerdnCc OF sales
Tho London stock market was mar
row and irregular with strength snow
ing in consols, home rails wedA on ,he
reduction in the dividend on 1reat
Eastern stock and mixed changes ap-
pearing in the American department..
Weather Caused Light Attendance.
There was little or nothing Of IN
ierest to be elected from the day
transactions in the stock market On
favorable weather conditions resulted
in light attendance in brokers OF
fees and on the floor of the stock eN-
change. and in addition interfered ma
terially with telegraphic communlca-
tions to interior points and with lot
eign service also.
There was little discussion with re-
gard TO the outlook for tomorrow
bank statement. il being apparently
taken for granted that the document
would reflect the same general tehnen- :
cieS in the money market "iii9H hdNe
been exhibited for the past SIX weeks
There was no material alteration In the
conditions in the local money market
although the banks gain from the sub
treasury in THE early part OF the week
was substantially curtailed by reason OF
the return Of portion or the govern
mont deposits
Some Material Declines.
In the early part of the business ses-
sion there were material declines IN Bal
timore and Ohio. Erie. New York Cen
trail Union Racific, Delaware and Hud-
son and Reading but chiefly because OF
tire already noted retreat of the short
interest the losses in these stocks were
wholly or in part recovered with the
course of the business session: North
ern Pacific was exceptionally strong
seemingly because of the persistence OF
the report of the declaration o. some
form of an extra dividend on that stock.
In the industrial and miscellaneous
group the dealings showed the same gen
cral tendencies as those in the railway
list American Locomotive and WestinS-
house Electric were decidedly weak.
American Smelling was exceptionally
steady. as it has been for the past two or
three days following upon the recent SEN
sational decline In tile stock
The bond market again moved Irregular
IN with renewed pressure appearing upon
occasions iii the lnterborouSh Metropol-
itan and Rock Island issues.