Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-11-10
Cause Was the Close Working Of
The MONEY Situation aud Con.
tinued High Rate,
CALL MONEY WENT TO Is PER CT
Stocks Resisted Well the Depression,
Later In Afternoon Continuing
Their Advance.

New York. Nov lo.--opoains prices IN
the stock market showed some good iroc-
tional recoveries with few exceptions from
the closing depression yesterday, Tho
market had the benefit Of u higher range
In quotations for Americans IN London
before the opening here.
The rise did not proceed much beyond
the FIRST hour uneasiness over the close
working OF the money market aud mod
crate prollts In sight including tho traders
TO close out their contracts, Reading
which had moved UP ~ to l42il reacted
points and advances Of equal proportions
IN Northwestern Delaware & Hudson,
Northern Pacific, Lead. Tennessee coal
and Railway steel Spring were reduced or
ththtlS surrendered. IN geuelal the mar
ket yielded 90 below yesterdays closing
put received some support anu was steau-
Ter al IL o'clock
There was furtter calling to loans and
the money rate went as hlgh as Ia per
cent, but stocks showed res Stance a. do
preston aud mace a geucrai recovery TO
above last night Tennessee Coal rose "a
Sloss-S hefheld Steel 10, AIcnison and
Pressed steel car IA, and New York Cen
tral, CANADIAN Pacific, Kansas AZ Texas
Iowa Central Lead American Cotton OIL
and Republican Steel preferred ]. Add
tonal declines were Pump rs, WestnB
house Electric q Great Nul theru preferred
I%, illinois Central and others q point
Trading became very uull, but the racVv-
cries were held.
Bonds wero heavy at noon.
Stocks continued to advance IN the face
Of tho 10 per cent money rate Reading
ST. Paul, Union Pacific, Missouri Pacific.
Erie and several Of the spe .iates were
! conspicuous IN the rise Reading return
ed TO lil4, but the overnight advances
I n ha 80 l.W 81 .aFA o.. q
| ~ preferred and Metropolitan 81. Rail-
way rose !
The Indifference manifested by the bulls
TO the sutr money rate ana from later
relaxation In the rates for call loans re-
suited In varied advances In stocks IN
the late afternoon, Representative rail-.
road stocks were In demand and there was
& good inquiry also for the local fractions
and industrial speCiatles, Tennessee Coal
improved IA, Canadian Paeinc, Great
Northern preferred, Northern Pacific and
Delaware & Hudson TO ~, 81 Paul.
New York Central, Union Pacho ana
General Electric III, and 10 ie, l.. a NJ
| Atlantic Coast Line. Locomotive, Brook
| Ign Transit, Colorado Fuel Metropolitan
| Securities and Sugar /. The advance was
| extended In the last hour carrying Y. ?
steel preferred, Republic Steel Illinois
| Central. Texas Pacific ana some others to
O point or more over last night Prices
| Welded somewhat near the close. but last
| prices were fairly steady and dun.
Money on call strong, 1h4l5 per cent,
closing bid T. offered at 70 Time loans
stronger, 60 and % days 6 per cent six
| months jisG6 per cent
Prime mercantile paper 5a5% per cent;
Sterling exchange weak, with actual
| bushes IN bankers bills at s63g4 80 70
| for demand and at is2 ,2Jq4.S2SJ for 90
| day bills.
Posted rates 4.S3ia and 4,8i
Commercial bills, 4.2MdASgA.
4 bar silver, 62Is
| Mexican dollars, 4Sal
Government bonds firm; railroad
| bonds irregular.