The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-11-14
STOCKS SHOW
SOME RECOVERY
Conspicuous Movements, How
ever, Restricted TO a Few
FavOritcs.
SECRETARY OF THE TREASURY
Appears in Wall Street and Gre
atcs Speculation as 10 What
He VIII Do.

NEW YORr1. November l3.-The move
ment towards recovery IN prices OF stoeAs
which vas distinctly indicated IN the
later dealings or yesterday. made further
spDs1an..a4 lrosress to-day. The demand
was not large. and conspicuous move
ments were restricted 10 a few stocks
which have been fayor.tes la the sYeeu-
laron. A demand from uncovered shorts
was an obvious factor IN the recovery.
Tho light demand was made effective
through the falling on In the pressure
Co sen waica was ia evidence yesterday.
ly reason ~ tno witndraNal % credits
from speculative noiders on Margin. There
wac ll4-l ices p. aL4ng OF loans to-day
snu Jess dlulc--ty IA securing lresn 80
-o-uu.Jeat.ou- zee reiterated retlsals OK
the Secretary OF tne treasury 20 adopt
auy immediate meas res, which were Ie-
peared to-day. were calculated 70 d4saD-
pnlut expect IONS Ok rc-lei " tA4s means,
wu4cl t.-s were expected TO esse fcr-
slrr money markets 49, ~eA az our oH
The appearance OF the Secretary Ia Wal
Street ts--ay cove new circulation 70 rl-
Ino~s OF Ll. luttntlon 70 advpt relief
measure These run0rs had their part
lu the early strength of the stock mar
ket By llc time they were denied the
market had Nor. substantial basis OF ga
eaz4,r l0ur az lle money market with
nIt the help ~ Treasury measures. There
vas some disposition 20 infer that er-
forts had been made 10 ex4gserate tie
a-....- -ly yesterday n order 70
impress the Treasury officials with the
desirable % re-let. and that tO-cay's re-
l41atlon isAt De due 20 The abandon
sueut d these efforts. The course % the
money market seems sLniclcrLy explain
- hy the lack of pressure on account
OF tho London settlement. the reappeer-
ance o- al ta.l stock subscriptions IN
the money msrkei. lending o. money for
out-of-town banks attracted by the high
money rates. ard subsldence OF the
move neut or currency 20 the interior
Reports o. settlement % wage disputes
90 some of tle railroads was a help
O. the market. Some sentimental effect
Was produced by tAo reports OF agree
nent az Washington ou a ulen amongst
tlc advocates OF a law permitting emer-
Gency bank note issues. The special
strength % ST Paul found no axp!aaa-
ton ln any news. begond revived rurnors
az rights o. subscription 10 further stock
issues. The opening money rate at Il per
cent proved 70 Dee tho highest OF the day
With the decline Ga the rate stocks ad-
vanced gradually. bat quite steadily. Prof
it--ar caused some reaction. and while
the closing was generally below best
prices. the tone was Arm.
Bonds were STEADY Total sales. pa
value. 81 s'.o,0. JE.-1d States bonds
were unchanged or call
Total sales o. stoc..l to-day were Cgo.5oo
sae-es.
MONEY AND E,XCIIANGE CLOSE
D. .rt.r paper 60 l. er cent .
sterling exchange easier. witn actual bus
iuess in bankers bills al e .s5s0aI s5s5 Tor
demand. and ot 81 soI5d4 SOB for sixty
DAY bills. Posted rates. As1 u and
H.ss IL. Commercial bills. stso. Ear
si ~ per cents
Money on call steady. 5G14 per cent 4.
rLl-uE rALe s. LAST l.an. Z linz Inn