Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-05-25
Wide and Erratic Fluctuations
Were Renewed Today.
DEAL NGS VERY IRREGULAR
Transactions as a Whole. However,
Somewhat Reassuring.
SOME OF THE INFLUENCES
London Reported Dizziness ana
Americans Quite Depressed-Falr-
lv Large Volume of Business.
DEALINGS VERY IRREGULAR
SOME OF THE INFLUENCES

Special Dispatch 10 The star
NEW YORK Nav oJ.-The chief facts
in today's stock market conditions were
ina, Saturdays urgent Liquidation was
moi continued while on the other mana.
anparantI.- in view If that possibility. sup
nor,inc orders were introduced into
number Of important and nnueh'iai
stocks These circumstances did not.
however. prevent a continuation of the
wide and cratic fluctuations winch were
witnessed in last weeks dealings. and al
the best the market could be described
onlv as irregular instead Of as ei'heF
weak or strong. Still the days transac-
tious as q whole were somewhat reas-
Surfing in their general character certainty
in contrast with the decentralization which
prevailed Saturday.
There was naturally exceedingly Keen
interest in the manner in vNlch the mar
ket would open. in view of the conui.lons
which prevailed at the close or pUuess
last week 1t was plain from the outset
that no such pressure was present as was
The case then although at that NUMBER
Of stocks showed initial losses of as mucn
as one point Other shares showed
equally extensive opening gains.
B. r. T. Makes Good Start.
Brooklyn Rapid Transit was dealt in at
the outse: more than two points above
its closing level OF Saturday but in that
instance there was. of course. the direct
explanation afforded by Gov. Hughes
veto of the so-called Coney Island five
cent fare bill. Throughout the day the
local traction securities exhibited. in fact,
somewhat more stable tendencies than
did the general market although the
transactions in that group were not in
large volume.
As was the case toward the close of
last week. no little disgust was expressed
at the renewal of the administration
prosecutions of corporations. as evnced
IN the New Haven railroad case. and pro-
fessional Wall street opinion is strongly
TO the effect that the development in
question was largely responsible for last
weeks collapse in prices.
In view of the early opening of the
presidential campaign it is by no means
unlikely. however. that Wall street may
encounter more than one occurrence of
corresponding character.
Further Gold Engagements.
Further engagements of gold for export
were made today with no material effect
upon the foreign exchanges The money
market on the other hand. was also prac-
ticaiy unaffected thereby, and showed no
substantial reflection OF the loss of more
than s10.OO0,0OO which the banks have
S'oicu W tie SuDtTeaSury since last Fri
day on account of the return of gov
eminent balances.
The London stock market was dull and
irregular. and the American Department.
was quite depressed by reason of the I'M
settlement which marked the local deal
lngs last week. Foreign houses were
sellers here to the extent of 1900 or
.n.fDG shars
On the rally in prices such as it was.
the dealings showed a material falling
tiS-if1 III
fairly large volume of business was again
rolled up. Leading features in point of
animation were Union Pacific Reading,
ST. Paul United States Steel common
AMI Amalgamated Copper
Rumors OF some early announcement of
the new Union Pacific bonds impaired
some special animation to the dealings in
! that stock, but for the most part there
was again a virtual absence of news or
novel gossip accompanying the transac.
tons in any particular security.