The Birmingham age-herald., 1907-11-14
CHECK AGAINST
 STOCK DECLINES BeariSh Operators Meet With
 Several Obstacles GENERAL BIDDING ON GOLD Real Money Commands a Premium Among Bankers and Brokers-The
 Stock List Sags a Little
 After Some Recovery.
GENERAL BIDDING ON GOLD

New York November 1S.-A check was made upon the downward move ment of prices today after running somewhat further in the early part of the day. The rebound today was nar- rover than the downward reaction yesterday and the market became lethargic and uncertain in the later stages. This narrowing of the swing of price movement is usually the sign of it's approach to a condition of more or less stable equilibrium in which it drifts with feeble fluctuations until getting a new initiative from some fresh development of the situation.
 There was evidence yesterday and early today on the other hand that tn e professional operators were disposed to take advantage of the neglected con- dition of the market to undertake bear tactics. Means seem to have been found also to place obstacles in tn @ way of these attempts which have proved effectual.
 The purpose of the various measures evidently is to keep the stock mark ct quiet and free from excitement and feyerishness while the task of mending the outside financial position is pur- sued. The urgency of the demands for currency continued today, largely from out of town sources. The special urgency at this time is attributed part ly to the necessity of meeting mid monthly payrolls.
 The bidding of premiums for gold still to arrive indicates, however, that the conditions are expected to continue. Bids were reported today of as high as B per cent for the gold to arrive on the steamship Mauretania, which will not be ten days hence. Premiums paid today for currency ranged up to 3& per cent. This currency situation made it matter of course, that a keen demand should persist for gold for shipment to New York. and additional engagements made today were large, bringing the total engagements to well over $60, 900, 900.
 The consignment of over $S,O00, 900 which arrived today made little inn pression on the currency premium and was apparently disposed of in advance of arrival. The situation gave occa- sion to a renewal of rumors, heard several times recently, of negotiations for import of a large amount of gold from Paris direct, but no countenance for this could be had among foreign exchange houses except as there might be likely to be further shipments from Paris to London to relieve that mar ket from the effects of the drain to the United States.
 In this connection there was a good deal of satisfaction expressed over a demand said to have, been received from a Paris banking institution for gold in redemption of it's holdings of Pennsylvania notes which matured on November 1, coupled with an order for the sale of the gold at the premium being paid for currency. The copper stocks met some effective support to- day, but the general list sagged again after ] recovery. Some anxiety was felt late in the day lest the Bank of England sh ould make another advance in the official discount rate tomorrow.
 Bonds were irregular. Total sales, par value, S3,31S,000 United States bonds were unchanged on call.