Show y p 1 i. i iLc Mining Quotations Mining Financial 1 and Commercial Corn mercial News New S Today's Market 11 t i i j T r i i UNCERTAINTY SENDS SH SHARES ES FLUTTERING I Business News Scarce Foreign Foreign Foreign For For- eign Markets Also show Show Reaction 8 By Associated Press Frest Ira NEW YORK July 2 Continued 2 I Uncertainty over o the out outcome ome of the Franco debt negotiations was cas a trying tying to Wall VaIl Wal Streets Street's nerves nerve hurda and share prices price fluttered uneasily ending the day with mod mod- endig te mo- mo f erat rate rath l losses e. e There here w was wa a a dearth of oC important business news so s Wall Wal Street had nothing to distract its attention from t it the reports 0 of or Paris Pan and Washing Washing- ton The foreign markets also alo moved uncertainly falling failing t to give ghe a clue faUng cue g e The Tho ho list closed with wih a heavy tone but losses loss were moderate mostly moty ranging from fractions to 2 points pint The session was wa one of oC the dulet of the 3 year ear ear with sales sale well ell wel under a million and a half haI shares PALLY JALLY JALLY PROVES FEEBLE Issues closing coing a point pint or two lo lower er Included American Smelting Anaconda Anaconda Ana Ann conda conda Eastman Eatman National Biscuit Baltimore Ss Ohio Case Cae American Waterworks General Electric MisourI Missouri Mis Mis- MI- MI ourI Pacific and First Frt National Stores Crucible Steel Stel was wa a weak spot dropping 5 points pint United States State Steel finished a pint point lower lowen During the forenoon a rather feeble rally raly carried several prominent Is Issues issues is- is 1 sues ue temporarily a point or so higher Publication of oC the statement as a of oC June Jue 30 disclosed d that with the credit advanced ad- ad by the federal reserve resene and other central banks bank the German bank was wa barely able able- to W. meet the midyear credit and ad currency requirements require require- ments and keep its it reserve rere above e the legal minimum of oC 40 per pr cent On June 30 the reserve lesene was wa report reported d at per cent against a week previously PREDICTIONS WRONG Predictions of oC a a reduction in the Bank Dank of oC England's discount rate rte from 2 2 1 t to 2 per pr cent proved premature I Although the thc banks bank's weekly statement statement state state- ment showed sowed impairment of oC reserve resene ratio as a a result of or the midyear re requirement requirements requirements re- re there has ha been ben no rio stringency gency in the London money market since Tuesday Although no change was wa made this thi weel week Wall Wal Street is I still inclined to look lok for a lower dis discount dis- dis d- d count cout rate rat short shortly The Wall Wal Street money market remained surfeited d with funds fund de despite despite de- de spite the te mIdyear settlements and the approaching holiday currency re re- re Call Cal money held officially oUt oUt- daily dall at 1 2 1 per cent but was wa of offered offered of- of in the outside market at 1 Veteran Veterans Veterans Vet Vet- erans eran in the street could not recall an any previous midyear settlement pe perio period pe- pe nod rio in which funds fund have ha e been so plentiful This of Thi course curse reflects the aggressive easy eay money policy pley o of the federal federa reserve COPPER UNCHANGED Coror Corporate e and trade news was wa meager The Tho To copper market re remained re- re at a standstill with some metal offered at 8 4 1 4 1 cents a pound Indicating a loss 10 of most mot of oC last lat weeks week's rise nse r from 8 to 9 cents cent Large Lage producers however still held to t their price of 9 0 cents |