Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-06
Course of Today's Prices Were
Unusually Irregular.
WIDE PRICE FLUCTUATIONS
But Not as Extensive as Those of
Yesterday.
LESS LONDON UNEASINESS
Local Exchange Has Less Selling
for Foreign Account, But the
Tone Was Tagging.
WIDE PRICE FLUCTUATIONS
LESS LONDON UNEASINESS
Src"ie! Dispatch to The Star.

Spc"is! Dispatch to The Star
NEW YORK, October 6.-There were
enough superficial explanations. not to
say actual reasons, to account for the I'M
usually irregular course of prices In to-
days stock market. These included OF
course the uncertainty with regard to
the outcome Of the complicated dip!o-
matte situation in eastern Europe. and
the more or less corresponding uncer-
tainty with regard to the outturn of the
domestic political situation. These two
somewhat extraneous matters were en-
phasiZed I'm their influence upon the
stock market by the additional uncer-
tainty with regard to the action of the
Northern Pacific management upon the
rumored and generally expected special
dividend upon the stock of that COM
pany.
For these reasons 1t was by no means
remarkab BILE that the stock market today
should have again showed wide and ir
regular fluctuations in prices. although
these were not by any means as extern
sive as those noted yesterday.
Today's dealings upon the local stock
exchange did not have to withstand the
weight of the selling for foreign account
which was experienced yesterday. The
total transactions by the arbitrage houses
were not much in excess of 2J.OO0 shares
anu the DuNlHS anu tHc Selling SnOW Gu
small results on balance.
Advices with respect to the negotiations
In progress looking to an adjustment of
the tangled political affairs in the Bal
kan peninsula were copious and also con-
fiicting.
The London stock market. however. to-
gether with those upon the continent.
showed less uneasiness than was dis
PLAYED yesterday and consols recovered a
further decline scored earlier in the day.
The political situation in Europe having
for the time being Overshadowed the
progress of the presidential campaign, the
latter appeared to cut little figure in the
days transactions in securities.
Sagging Tendencies Followed AID.
vances.
There was very little news relating to
particular securities over night or with
the course of the business session except
of routine character. So far as any
definite tone could be assigned to the
course Of the stock market it might be
designated as displaying sagging tenden-
cies, but, nevertheless, in the early deal
ings advances amounting to as much as
one and two points were scored by a
number of securities. Comparatively
strong features of the dealings were Erie
common, AtchisOn. st. Paul, Southern Pa
cific and Union Pacific. but even in these
issues the fluctuations were wide and err
ratio.
In the industrial and miscellaneous
group the Allis-Chaimers shares were ex-
ceptionally firm. as was Notwithstanding
Chemical Amalgamated Copper showed
early strength. but was later unfavorably
affected apparently by further reduction
in the dividend rate on the Rio Tinto
shares.
So far the genuine influence exerted
by the Balkan situation upon the stock
market was concerned it might be noted
that the grain market was heavy, ster-
ling exchange insignifcantly firm and the
local money market extremely easy.