Evening star., 1909-05-17
MOVED |RREGUlAR[Y
Price Movements Unchanged
From Saturday.
CHANGES ARE FRACTIONAL
Volume of Business Considerably
Curtailed.
FEW STOCKS SHOW STRENGTH
Fair Distribution of Speculative In
terest-No Material Alterations
in Money Market.
FEW STOCKS SHOW STRENGTH

NEW YORK, May 17.-Irregularity oil
movements in prices was once more 'he
chief characteristic of the days dealings
in the stock market. 1t is monotonous
and somewhat wearisome to he compeileo
10 use this particular term repeatedly
hut on the other hand no other deslend-
tion applies so directly to the case In dls-
cussion. The stock market opened with
many issues at unchanged quotations
from Saturdays final figures and with
Others showing small fractional changes
in both directions.
BY the middle of the forenoon sener-
ally firmer tone developed, but by mlouay
the improvement previously scored was
obiterated Subsequent price movements
were for the most part in line with those
already noted. The course of prices IN the
days market was not apparently deter
mined to any great extent by actually
novel developments
The wheat market advanced again and
there were additional engagements OF gold
for export but seemingly neither one OF
these circumstances could be named as
accounting specifically for the course or
prices. In fact, there was no niue un-
certainty with regard to the destination
of the gold withdrawn from the SUD
treasury and ii was announced that some
portion at least. of the taklngs would re-
main in the vaults of the banks conduct
ing the transactions.
Americans Irregular in London.
American shares moved irreguarly In
tie London stock market also, but not to
an extent in either direction calculated to
influence the local transactions strongly.
Foreign houses disposed of about 1000
shares with the course of the morning.
The reconvening of the Supreme Court
at Washington brought with 1t no de-
cisions Of great Importance and none IS
expected two weeks hence. after which
the court VIII take recess untl tne
autumn session.
The volume of business was consider
ably curtailed in comparison with Fri
days and Thursdays total. although
very fair distribution of speculative IN
terest was again apparent. In the early
part of the day number of stocks
showed exceptional strength. the most
conspicuous examples being General Elec-
'ric. Westinghouse Electric, American
Beet Sugar, Chesapeake and Ohio, Read
ing. Union Pacific and Western Mary
land. but all of these issues were more
or less affected by the irregularity which
subsequently developed in the general
market.
Money Market Unchanged.
Money market circumstances showed no
material alterations and the transactions
between the banks and the subtreasury
reflected small advantages in either di-
rection. Transactions in particular Sc
curties failed to develop any interesting
and edifying gossip or facts
1t was evident, indeed, that the trading
was in great measure influenced by last
weeks rather wide fluctuations and by
the belief that loose irregular movements
reflected shifting of position on the part
of a number of large market operators
who are about to depart upon their usual
summer vacations: In these circum-
stances it is hardly necessary to add that
price movements in the market in gen.
eral were missing in some of the sig
nificance which might otherwise have
been attached to them.