Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-12-11
TRADING IRREGULAR
Price Movement Slightly Re-
dictionary Today.
OPENING WAS FLATTERING
Market Later Took on Uncertain
Tendencies.
ANOTHER BREAK In GRAIN
London Departments Firm, Except
Americans-Gold Engagements
Increased.
ANOTHER BREAK IN GRAIN
Special Dispatch to The Star.

SPECIAL Dispatch to The Star.
NEW YORK, December 11-After a rise
In prices covering three successive days
a reaction of some extent was to be ex-
pected in the stock market, although. as a
matter of fact. the tendencies DISPLAYED
today We're irregular rather than reac-
''onary, and such losses as were sus-
tanned were in no instance particularly
extensive. In the early part of the bust
ness session the stock market repeated
It's row familiar performance of exhibit
ing some new high-price records for the
year, and i'm the case of a few special
stocks for all time.
After the first hour of business, how
ever. the trading was characterized by
extreme irreguiarity although the uncer-
tain tendencies of the market then noted
had no other than technical explanations
engagements of gold for export by to-
morroW's outgoing steamship were IN
creased to $4.OOO,OOO. making a total of
apparently the transfers of the metal
did not constitute an actual influence
IN the dealings In securities.
The gold shipments will cut only a
ment. but will be fully rejected in next
weeks returns. Preliminary forecasts
OF the principal movements In currency
this week point to loss in cash by the
banks in the neighborhood of $6.OOO.O0O.
The whole of this unfavorable balance
was incurred In the banks operations
with the subtreasury. the interior move
ment of currency showing trifiing net re-
suits. Money market circumstances were
not substantially Influenced by the out
look for another large reduction in the
reserves OF the banks in tomorrow
statement.
a feature of the days general situation
was another sharp break in grain prices.
1Irf fl,<
without any apparent effort upon the
stock market.
American shares were quite irregular
in the London stock market, although
other departments there were firm. and
foreign houses were sellers here to the
extent of about 10000 shares
Coal Stocks Firm.
1t was not easy to elicit any features OF
special interest from the transactions
in the days market. The anthracite and
bituminous coal stocks were exceptionally
firm and in the Philadelphia market, Le-
high Valley scored a noteworthy advance.
Southern Pacific. after attaining a new
high record price, reacted in common
with the market at large.
The same description applied to Balti-
more and Ohio. which reached the highest
figures at which it has sold for more than
q year. The Wabash issues continued
comparatively firm, with various reports
in circulation of impending changes in the
management Of that company.
The local traction issues all rose smartly
in the early part of the day. but likewise
participated in the irregular tendencies of
the market In the later portion of the
business session.
The Industrial and miscellaneous shares
were for the most part more consistently
heavy than the other departments of the
market. United States Steel common re-
Elected pressure from the outset, and
American Smelling was decidedly weak.
The securities OF the leather companies,
on the other hand. were all firm. Trans
actions both in stocks and bonds fell be-
low the average scale of activity MAIN
tanned earlier In the week.