Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-25
Irregular Tendencies Marked
Stock Movements Today.
SOME STRIKING MOVES
LONDON WAS GENERALLY
STEADY, DESPITE COMPLICATION
Industrial and Miscellaneous Shares
We're Leading Features-Hailway
Dealings Limited.

Special Dispatch to the Star.
NEW YORK November 25-The stock
market during today's short business ses-
sion continued 10 display irregular tenden-
oies but most of this more striking move
ments were toward higher levels, and the
undertone of the trading remained decided
ly firm.
There were no developments of any conse-
uueuce over night relating to the financial
situation a large or to particular stocks.
AS usual on Saturday, discussion was large
ly occupied with the probabilities of the
weekly bank statement, concerning which
favorable expectations were commonly en-
tertained.
The London stock market was generally
steady despite domestic and foreign polit-
ical complications, but American stocks
were shown there quoted for the, most part
below parity with New York's closing fg-
ures of yesterday Operations here for for
elgn account were upon very small scale
The Most Striking Features.
The industrial and miscellaneous stocks
again furnished the most striking move
ments that occurred I'm the morning deal
ings. Leading features in that quarter were
Tennessee Coal and Iron, American Smelt-
ing. National Lead, Amalgamated Copper
and International Paper. Tennessee Coal
and Iron was dealt in upon tremendous
scale and advanced TO the highest ngures AT
which II has sold I'm many years It's course
suggested. and rumors were current 70 ina
effect that new interests would soon pc
found to be in control OF the properly. INC
local traction shares were comparatively
dull but were fairly steady.
Price movements In the railway hst WEI
for the most part limited, and apparently
without much Significance. The most CON
spicuous feature I'm that group was ROCK
Island both the common and preferred
shares declining rapidly.
The street was much impressed WIN ,he
character of the selling OF these STOCKS.
which il was disposed to attribute to what
are recognized as the controlling interests
in the property, Nothing very dennlte came
to light however. to account for the pro-
nounced pressure 10 which the ROCK Island
shares have been subjected for some time
past.
Sharp Rise of Virginia Deferred.
An interesting feature of the dealings was
the sharp rise which took place In the Viz
ginia deferred certificates. the movement
there rejecting the efforts under way to
forde an adjustment In the status of these
bonds.
There was no disappointment expressed
upon the publication OF the bank statement,
which showed an increase in cash holdings
OF ST. 26S.000. a sum almost double the
amount set forth In the preliminary .esti-
mates of the currency movements OF the
week. Notwithstanding that the clearing
house banks have been large lenders of
money during the present week, the loan
account showed further contraction,
amounting to 4.795,O0o The changes in
the loan and cash accounts were made
quately reflected in the deposit ttem which
increased SlOS,0O0.
In consequence. practically the whole of
the increase in cash appeared as an increase
In reserves, which rose S6,241 600. The
banks now hold So 100000 In excess of the
lawful requirements. as against S,3S1, 900
in the corresponding week of last year,
81, l25 600 In 1903 and $40, 1855, 600 In 1902.