Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-22
Downward Movement Featur.
ed the Days Dealings.
SOME STRIKING LOSSES
Induced by Liquidation in All the
Rock Island Issues.
A WESTINGHOUSE FURRY
London Dull and Steady and Little
Done on Foreign Account-Money
Conditions UNCHANGED.
WESTINGHOUSE FL
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. June pa declining ten
dency was common in the stock market
today. and in many cases extensive and
even striking losses were scored on the
downward movement. Theoretically. or
according to the general opinion Of the
more or less professional element Of Wall
street. the weakness Of the market was
induced by the resumption Of apparently
urgent liquidation in all the Rock Island
Issues. There were large sales Of the
Rock Island railroad 4 percents os-
tensibly for foreign account but the
weakness in all the Rock Island securi-
ties has been quite pronounced ever since
the recent return from Europe Of a cap
ualist largely interested in the property
As usual no satisfying explanations OF
the course Of the Rock Island issues could
be obtained from authoritative or official
quarters In fact. 1t was asserted in such
directions that there was nothing at all
In the affairs Of properties which would
warrant Decline although 1t was ad-
m1tted that many divisions of the Rock
Island system had suffered heavy losses
on account Of the western foods and
also because of the general depression
In business. The Rock Island issues did
not. however, by any means possess a
monopoly OF the markets weakness.
more and Ohio. Chesapeake and Ohio.
Reading and Union Pacific in the railway
INST, and in the industrial quarter large
losses were suffered by American Loco
motive. Amalgamated Copper, Sugar Re-
inning and Western Union.
o. s. Steel Also Heavy.
In the early part Of the day Westing-
mouse Electric shot up rapidly some five
points In the face Of the weakness of
the general market but the stock subse-
Quently lost the greater part of its i'm
provement. The United States Steel
snares were also heavy. but naturally
noted In other securities. Rumors which
seem hardly credible. and which would
appear at all events to be altogether pre-
.n ua'g,e, accompanied the transactions in
the ROCK Island groups
IN the instances Of Baltimore and Oh,o
ana american Locomotive there was no
cnange In the character of the eossin
a1enoins the decline. discussion being
dividends in both cases.
Brokers Uneasy Over Politics.
So far as the general market was con-
cerned. there was little aside from the
political situation to be named In explana-
ton OF the course Of prices. The view
seems to be gaining ground that between
this time and election there will be more
tnan one occasion of grave uneasiness as
to the outcome. and the trading element
Is naturally averse to awaiting the ac-
tua! appearance of a political scare.
The London stock market was dull but
steady' put aside from the transactions
IN the Rock Island railroad bonds little
was done here for foreign account.
Money market circumstances in general
showed no material alteration
me gram market was again strong, a
Circumstance due in part to unfayorsble
western weather adv{ces. and in view OF
the general temper Of Wall street TODAY
tnis might be named as an additional In.
nuence In the decline in securities.