Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-10-09
Range of Today's Prices Was
Unusually Wide.
EARLY LOSSES RESTORED
Opening Declines Affected All the
Active Stocks.
HEAVY FOREIGN LIQUIDATION
Extensive Drop for Americans in
London-Sterling Exchange
Scored Advance.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October a-There was no
feature OF greater interest in today
stock market than the exceedingly and
unusually wide range OF prices which was
traversed between the opening of bust
ness and the noon hour In the early
dealings practically all OF the more active
stocks In the various departments OF the
market fell from I to moro than points.
Yet. extensive as these losses were. they
were recovered wholly or in part befor
midday. The unsettlenlent at the opening
of business was directly referable TO the
very extensive declines scored by Ameri-
San shares in the London stock market,
and the more so inaSmuch as the quota
tons from that point were followed UP oy
selling orders for foreign account which
were estimated in the neiShborhcu OF
100. 900 shares.
The liquidatio of this description ceased
abruptly before the close OF the forenoon
session and it's conclusion caused the quite
heavy and concentrated purchases Tor
local account which were conducted
throughout the morning to play their due
part in shaping price movements These
technical details account Sufflciently Tor
the very striking fluctuations which took
place during the period in question.
Prices Moved Irregularly.
AFTER HlOudt There NdS d IHdtCii Aoi'-
ing away in point of activity and the
market moved irregularly, although re-
tanning the greater part of the recoveries
scored from the early levels Of extreme
DEPRESSION 1t goes without saying that
the tendencies of the London stock mar
ket and the operations here for foreign
account reflected exclusively the war
scare which has laid its hold upon all the
European bourSeS.
I1vso N
state of affairs in the Balkan peninsula
we're. as might be expected, extremely
conflicting. At the same time leading
banking houses made public dispatches
received from diplomatic and financial
correspondents abroad in which it was
asserted that there was little likeli-
hood of really serious political complica-
tons following upon the weeks occur
ences in the Balkan peninsula.
These assurances might be named as
being really responsible for the vigorous
rally In the stock market from the early
stage of grave unsettlement. In fact, the
days situation at large comprised httie
Of interest that was not related more or
less closely to the political conditions In
Europe.
Grain Markets Also Strong.
Sterling exchange market scored fur
Their and very extensive advance. and in
quiries were made at the assay office
with regard to the feasibility of obtain
ing gold bars for export. Shipments OF
the metal on any considerable scale were
not regarded in foreign banking circles as
At all probable at any rate before the
close OF next week.
The grain markets were also strong in
connection with the war scare" but
prices there eased of upon the recovery
In the stock market.
Money market circumstances showed
very little alteration. The preliminary
estimates Of the principal movements in
currency during the week indicated a
loss In cash by the banks of about
s.. 500 900. practically the whole Of which
was due to direct shipment to the in