Evening star., 1909-06-18
UPWARD TREND AGAIN
Prices Recover From DepreS-
sion of First of Week.
EVENING UP OF CONTRACTS
Dealings in Considerably Reduced
Volume Today.
SLUMP IN COMMISSION ORDERS
Americans Fairly Steady in London.
Foreign Account Operations
Melted Small.
SLUMP IN COMMISSION ORDERS

Special Dispatch to The Star.
NEW YORK, June 1S.-Transactions OF
the stock market this morning present
ed a somewhat dull appearance after
the rather turbulent dealings of the ear
lier part of the week. Price changes
were again irregular, but were for the
most part limited. At the opening OF
business the quotations as a rule showed
slight advances above yesterdays final
figures and after general reaction had
taken place, the market again moved
leisurely upward. The dealings were In
considerably reduced volume in compari-
son with the recent scales of activity.
American shares were fairly steady in
the London stock market and the opera
tions here for foreign account showed
small net results.
broadly speaking, the transactions ap-
peared to represent in great measure an
evening up of professional contracts Such
as ordinarily takes place toward the close
OF the week at this season of the year.
The business of commission houses was IN
greatly reduced volume. which was only
natural, In view OF the violent fluctua-
tions of yesterday and Tuesday.
Days Dealings Dull.
The days dealings as a whole We're OF
less interesting character than any that
have been noted during the past fort
night. Interest and discussion were occu-
pied with the same general set Of cir
cumstances which have engaged attention
for some time past. These included the
status of the listing of United States Steel
upon the Paris bourse, the recommends
tion by President Taft of tax upon the
net earnings of corporations and the pro-
spective suit against the sugar refining
company.
Very little interest was expressed in the
prospective showing of tomorrow's bank
statement, although the preliminary estl-
mates of the principal movements in cur
rency during the week indicated gain
in cash by the banks of nearly $780,
Money market circumstances were unal-
tered and the foreign exchange market
was decidedly firm. Grain prices moved
irregularly.
A detailed review of the transactions in
securities would develop few features of
interest. The so-called metal stocks
showed considerable pressure in the early
dealings. but all rallied easily in the sub
seQuent transactions.
Fluctuations in Small Limits.
The United States Steel stocks nuctuat-
ed within comparatively small limits.
Some Of the minor industrials, such as
Central Leather and American Beet Su-
gar. moved up smartly. Sugar Refining
stock was comparatively neglected.
The traction shares were dull, but
steady, although the Interborough Metro
poiitan shares gave little reflection to the
decision favorable to the company rem
dered today by the court of appeals at
Albany in the franchise tax litigation.
The transactions and fluctuations In the
railway list stood out in strong contrast
with those noted earlier In the week. Few
of the net changes in prices passed be-
yond fractional limits. Transactions In
that department were relatively large in
Reading. Union and Southern Pacific,
Northern Pacific, Atchson and New York
Central.