The Birmingham age-herald., 1907-11-26
STOCK MARKET SOMEWHAT TIRED No Disposition Is Shown to F eI-
 low Up Advance TENSION Is L00SENING UP |CalI Money Rates Are Easier and the Continued Influx of Gold Tends To Relieve Financiers of Their Worries.

New York, November 25.-The stock market did not show any disposition at any time today to follow up the advance of Saturday, The movement said to be considered i'll advised on second thought on the ground that a resumption of an active advance in stocks would be prema- ture until the banking operations of the country have been restored to normal. An early resumption of cash payments by banks all oyer the country now is looked for with the growing confidence, but the conditions which this resumption may disclose are awaited before seeking to enter on speculative commitments. There was a renewal also of some urgent . liquidation in special stocks which was an unsettling factor in the whole market last week. The selling out of loans was the accepted explanation for weakness, which was especially pronounced in Mis- souri Pacific.
 It was thought that the weakness of this stock might owe something also to the campaign in personal relationships involved in the working-out of contests for control of related railroad properties. Dividend possibilities also came inevitably | In this discussion in that stock The whole list of railroad stocks was more or less affected by this consideration, which was given fresh force by the contents of the regular weekly reports from railroad Itraffic officials. These were quite uniform in the accretions of railroad traffic, which were worked off or were being rapidly cleared up, and that Idle freight ears were accommodating. Published esti- mates of the extent to which working forces had been cut down in industrial enterprises made a formidable showing and. coupled with the heavy outward tide of returning foreigners pointing to the same conclusion had rather depressing effect on sentiment.
 On the other side of the account was a strong advance in copper both in London and New York. Attention was attracted also by reports of the large numbers of revocations of previous cancellations of orders in various lines of wholesale trade. This was regarded as significant of the extent to which the first force of the re- action might be considered as overrun- ming itself with the1promise of subsequent rebound.
 There was a further distinct easing of the premium on currency today, and this was the most important development of the day. Saturdays large gold arrivals the day. Saturdays large gold arrivals All of the days arrivals of gold in the London market were taken for New York account, but with so little disturbance | in the market that the gold was allowed to go at sharp recession in the prices. The secretion of gold to the Bank of England resources from other sources went on and that institution released si,000,0O0 of gold to the open market that had been lear marl<ed'' or held apart for the account of the India consols. Houses in New York reported that additional SUD- plies of gold were offered to their agents in France today, but that the decline In the premiums on the curerncy here wiped out the margin of profit on closing the Transaction. These are all highly signifi-' cant occurrences, earmarking unmistalxa- bly, the loosening of the tension of the currency famine.
 The call money market was also appre- ciably easier today. Funds are still lack.