Evening star., 1909-06-28
TONE IS FAIRLY FIRM
roday's Activity on Consider
ably Reduced Scale.
LITTLE TO INClTE TRADE
American Shares Reported Irregular
in London.
FRACTIONS FEATURE DEALS
Further Decline In Third Avenue.
Inter. Met. Issues Active and
B. b. T.. Dull.
Special Dispatch to The star.

Special Dispatch to The star.
NEW YORK, June 2s.-The days stock
market preserved a fairly firm tone dur
ing the greater part Of the business ses-
sion on q considerably reduced scale OF
activity in comparison with the average
transactions of the past fortnight There
was very little in the days situation CAL
cula:ed to incite active speculation IN one
direction or another. and the absence OF
distinct impelling motives. coupled with
the depressing meteorological conditions.
doubtless accounted suficiently for the
comparative quietude OF the market.
American shares were quoted In the
London stock market at irregular price
changes in comparison with Saturday
local closing figures. but the operations
here for foreign account showed on pal
ance q fair excess Of purchases. A num-
her OF small failures were reported at
the conclusion Of the fortnightiy settle
ment upon the London stock exchange
but no particular significance was attach
ed to these episodes.
1t did not appear to be the case that
the dealings in securities were mate
rally influenced by the reactionary
course OF the grain market. on the one
hand, or by the renewal OF exports OF
gold to Europe on the other.
Money Mart Unchanged.
Probably in consequence OF the days
shipments of gold the foreign exchange
market was a shade easier. Money mar
ket circumstances showed no material al
terations.
The days returns Of railway trafiic for
various periods and by roads in vari-
Gus sections of the country were nearly
all satisfactory exhibits. Little news and
gossip OF novelty accompanied the trans
actions In particular stocks.
The promulEamation OF the plan OF re-
organization OF the Third Avenue Rail-
that stock in the early part OF the day,
but q part Of the loss scored was sub
stantially recovered. In the curb market
there were limited transactions In the
under the terms OF the plan and the
quotations recorded were considerably
above parity with those fixed for the old
shares upon the stock exchange.
The interboroush metropolitan issues
In advance OF the early announcement
OF q plan for the reoryani5atfo OF that
system Brooklyn Rapid Transit having
no such particular incentive az applied
to the dealings In the other traction IL
sues, WAS comparatively dull.
q. s. Steel Prominent.
Relatively active features OF the indus
trail and miscellaneous group were the
United States Steel stocks, Amalsamated
Copper -anod American Smelling. but the
price movements in each OF these cases
and elsewhere in this department OF the
market were limited ana irregular.
The railway list was,s generally speak.
ing. quite firm, and at one time or an.
other during the business session there
were round advances recorded In wabash
preferred, Western Maryland. Reading,
Northern Pacific and Chesapeake and
Ohio. Union Pacific and Houthern Pa.
cifc were dealt In upon Q smaller scale
than for some time past and huctuated
within rather small limits.
None but routine news accompanied the
transactions In the stocks In question,
and such movements as were registered
seemed 10 result wholly from technical
trading circumstances.