The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-11-08
New York stock Market.

AEN YORK Nov. last weeks pre-
ei'cl'0n conservatism in Wall street was mani
-,-i to-day only in somewhat contracted vol
% business. the aggregate shares sold
Railing slightly below the previous smallest
n f'- since before the middle Of October When
I'efHet took on It's greatest volume As
t.r fne price movement IL disclosed an en-
Laafie EXPECTATION Of higher prices and an
enlarged bubble demand after the hesitation
c1e o. % election had been cleared up. The
eApeeiaiton 80 Tar fs II was registered In
L-e cay transactions. was very largely pro
t-ssionai and particularly traceable to the pow
c-fll speculative forces which have acted in
concert ll the leadership Of the market for
:. conn fenensiFe and the demand was 50
widely disseminated as 70 forbid the attribute
Ing ~ % wholly % concentrated speculative
-...fH ln the early part OF the day the rail-
roaos hung back and were fnconspicuOus and
MeAe they did not fully retrieve their posi-
Lnn OF relative importance In the market
there was a sufficient recovery in the days
strength by the railroads to restore the bal
snce ~ The market The great transcontinen-
"a stocks were leaders in this department
= Paul Drion Pacific Missouri Pacific and
Atcnison leading in the order named. But
gains were greater. transactions were larger
enc me number of issues dealt in much higher
ln fhe Industrial department in accordance
YIN mo assertions freely distributed from the
'-- quarters ~ the speculative parties that
ne principal interest IN the market was to
r5it ~ tee industrials Tor the future. The
United states Steel stocks were The feature OF
nc whole market and other iron and steel in
1-Slfies SHARED in the attention given to them.
NE character ~ the market cannot be better
indicated than by a sample list OF stocks Of
me industrial combinations and corpora ffons
which ROSE from ] 70 3 points IN the course
81 nc DAYS trading; Amslgamated Copper.
american locomotive. American Shelter Gen
eral Electric. the Pressed Steel Car stocks thu
Republic Iron and Steel stocks Tennessee
loa- and Iron. Sloss- Sheffield Steel. the Anlerf-
can steel Founcries stock. the United Srases
Hteti stocks the United States Castfron Pine
stocks, firg inia-f,arolina Chemical. aIIfs-
Chalmers, Cotton OIL Sugar Ice Corn pro-
ducts international Paper. National Enarnei-
ing, Associated Merchants Union Bag and
Paper and American Tobacco The b5vinV
was aFoWedly based on the assumption fbaf
the revival and Improvement in tbe counfrv
have not az yet had adequate Expression II
the securities market. that the passing ~ the
Presiderriai contest viii bring renewed sr,e~ls-
lation iu stocks and that the speculst dive rrs'f
erence VIII now turn 20 Industrial securities
on account 81 the length 20 which the rise IN
railroad stocks has already gone The usuai
prOfit-taling on the days rise cost Sometime.
to The extreme high level OF prices hut re
decline checked and the price level "a rfi.,
restored before The market closed
Bonds were firm Total sales par vaiue
S. AZ. O0O--
United states bonds VerS unchanged on
call
r f. button g. Co. 800 California street
San Francisco. members OF the New York
Stock Exchange. furnish the following official
quotations ~ that Exchange:
Sales Stocks lRighlLow. Bid 1 Ask