Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-11-19
STRENGTH NOT EXPLAINED
Relaxation in the Money Market Con-
tinued.
BANKS SHOW A GAIN IN CASH
Heavy Buying Orders Were Received
for tho Foreign Accounts
London Showed Strength.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 19.-There was
rather striking absence of either real facts
or of gossip of novelty which might ac-
count for the strength of the general stock
market today, and the fcirly buoyant ad-
yances which were scored In number OF
particular securities.
The most important fact In the days
case was the continued relaxation In the
money market, where there disappeared To-
day for the first time since the early part
of the month the commissions which nave
been exacted on all the terms OF
loans on time: A hrm per cen. ,a os ra1
indeed quoted, and the market was NOV
active at that figure, but borrowers couio
not be persuaded Into paying nlsher price
for the accommodation desired. ,..,.
The rates for loans on call varied H.tle.
from those quoted toward the close OF last
week The return flow of currency irom
the western states at least seems to pc now
the banks direct receipts on this account
they showed in this morning ngures
gain in their operations with the suo sue nea
ury since last Friday OF nearly A'ZVV.VU.
The London stock market was likewise
stimulated by the more favorable views
held here with regard to the course OF
monetary affairs and the Bank OF Engiano
secured practically the whole OF tne q, o,,sr-
600 which reached London today All guar,
tiers of the London stock market evinceo
dacided strength with actual buoyancy re-
ported In the American quarter. Inc quo-
tations furnished for American stocks from
fondon were followed up by exceedingly
heavy buying orders for foreign account
the total purchases of this descrip ION as LIZ
Creeatine In the neighborhood OF Io.OoO
shares. . -
Concentrated buying of this amount was
sufficient to lead to some of the more nole
worthy movements in prices In the day
stock market.
Standard Oil Circular.
Another favorable influence In the traa-
ing was the reassuring circular issued Dy
the Standard OIL Company on Saturday. 10
the shareholders of that company. ana
Standard on stock accordingly enjoyed
very sharp rally in the curb marKet. II
aeemed to be open to doubt, however
whether the various matters mentloneo;
aside from the heavy foreign buying mao
much to do with the general movements la
the stock market.
The most striking gains scored IN the &C
tive stocks were in ST. Paul, Union racine:
Reading and Louisville and Nashvile, anu
the first three named contributed very
large proportion of the days total transac-
tion. Most of the day's gossip and con-
lecture conferred around the supposed STATUS
of the St. Paul property, but nothing new
or Interesting was in consequence revealeo:
Other substantial gains in the railway Hst
were observed in the Erie stocks New
York Central, Atchison. Canadian racine
and Chicago and Northwestern
The local traction issues were STEADY. put
relatively inactive. Amalgamated Copper
was dealt in upon very large scale. anu
was decidedly firm, the most direct expfanac
zion OF its course being the continued
strength in the market for copper metal.
Wall Street Is now confidently expecting
further advance in the Anaconda dividend
at the next declaration period