Evening star., 1909-06-16
WIDE AND IRREGULAR
Fluctuations on New York
Stock Exchange.
SMALL EARLY DECLINES
Attitude in France Toward U. S.
Steel Breaks Prices.
FOREIGN HOUSES ARE SELLERS
FOREIGN HOUSES ARE SELLERS
Unfavorable Comment on the In
telligence From Washington Re-
garding Work on Tariff Bill.
Special Dispatch to The Star.

NEW YORK June 16-There took
upon the stock exchange wide and ir-
regular fluctuations. The uncertain
movements in prices took place on a
large volume of transactions. In the
early part of the day declines of from
one to two points were commonly scored
in the various quarters of the market.
but such was the erratic character of
the dealings that many of these losses
were fully recovered before the middle
of the afternoon.
The United States Steel shares were
again particularly prominent In the day s
dealings. and both the common and pre-
ferred stocks broke sharply at the outset
of the market on the most positive char
acter of the reports with regard to the
attitude of the French authorities toward
the listing of these securities upon the
Paris bourse. 1t was, however. authori-
tatively denied by competent local au-
thority that the French minister of
finance had refused his consent to the
listing. although it was admitted that
difficulties of various descriptions had
been encountered
The declines in the L. s. Steel stocks
were. however. no more extensive than
many others which were scored in va
rious directions, and the steel issues
later moved in common with the gen
eral market.
Foreign Houses Sellers.
American shares were quite sharply
depressed in the London stock market,
and foreign houses were sellers here to
the extent of about 10000 shares. Aside
from the particular influence exerted by
the uncertainty with regard to the Paris
listing Of the United States Steel shares
interest and discussion were occupied
with other subjects of a more or less
disquieting nature.
The days advices with regard to the
progress OF the crops were of a conflict
ing character. and rather sharp reac-
tion in copper metal produced disagree
able impression.
The general drift of the intelligence
from Washington respecting the work OF
tariff revision and of proposed methods of
taxation was unfavorably commented
upon, and some little uneasiness was ex-
pressed with regard to the forthcoming
which has been investigating the methods
OF operation upon the various exchanges.
The Money Market.
Money market circumstances showed
little alteration. AS noted, during the
period Of the markets greatest settle
ment in the early part of the day, the
volume of business ran far in extess of
yesterdays aggregate, and IT was OBJ
served that there was a marked cur
tailmtn in activity in connection with
each of the various rallies in prices which
took place from time to time with the
course of the day. For the most part
no other reasons could be assigned to
even the most extensive movements In
prices than those of a technical char
acter
The traction shares were rather excep-
tionally firm, but otherwise price move
ments in the general market were char
acterized by considerable degree of uni
formity. Fluctuations were particularly
wide in Northern Pacific, Reading. Rock
Island and Union Pacific. Amalgamated
Copper was only moderately active and
was not apparently particularly affected
by the reaction in the quotations for the
metal. In fact, much wider fluctuations
were noted in number of the other
stocks of the same general classification,
including American Smelling and Ameri-
can Car and Foundry,