The morning journal-courier., 1907-12-25
STILL FALLS OFF
Business on the Stock Ex- change Far Below That
 of Yesterday.
RISES WERE ALSO DULL
Was Practically No Outside ,a Business Tranacted in Wall
 Street.

Was IFdClCdAS -,O Oe7ANeO Business Tranacted in Wall
 Street.
 85 There was another large falling off gin business yesterday, sales to noon being 40 per cent smaller than Mon day, with only 19,OO0 in the second hour. Reading represented about l4,- GOO half-shares, or 1000 full shares United States Steel common came next with 7.4OO shares. Prices sagged dur ing the first hour, with New York Gen. tral and General Electric the weakest issues. These two reacted to points. But little long stock came out, and in the second hour there was a recovery Before o'clock most of the early loss had been made up, and several stocks were little higher than Monday
 The bulls pointed out that there was no real pressure to sell stocks ana they predicted that just as soon as money began to relax prices would boom. It is the high call money rate that has been mainly responsible for Aholding this weeks market in check ; Nrhe rate opened at "A per cent, at which about s1,5OO,oOO was loaned,
 General Electric was again excep- kionally weak Monday it fell S'a points, from 114 to 11O1A Yesterday it gopened at 11O and early sold down to " 1O71s. It was reported that some Lon don holdings of the stock have been coming on the market. Very pessimis- tic reports have been in circulation abroad as to the electrical business.
 -A
 lt was announced that there would be no meeting of the Missouri Pacific directors yesterday, the failure to hold if heinz due mainly to the difficulty in securing quorum It is not unlikeiy that the meeting, which is expected to act on the dividend, will be helo before the end of the present week. A number of the prominent f1ool traders were not on hand yesterday some of them, in fact, not having put in an appearance since Saturday | was said that the, attendance on th' -ffiisssAteer erfhan it has been or Christmas eve for several years back London did practically nothing 1T this market, total transactions bein| 4 not over 5,OOO shares, about equally dl ' yided between purchases and sales Differences between the two market were trifiing, so that only a nomina profit was possible Foreign marker were heavy before the New York open ing.e
 There was practically no outside business. Most of the orders originat ed on the floor of the exchange, an' represented attempts on the part 2 traders to make quarter or half noint profit, Where they had no com mission to pay, as was the case VII members, this meant $25 to $50 prol on each 100 shares. In busy times trader would consider this nothing all but at present 1t is regarded worth trying for. Profits of this amour were possible in New York Centra Reading. Pennsylvania and few otf CTS, which sold off half point ( more.
 The money market was little easit in the last hour, probably because u demand had been satisfied. Offering were made at 10 per cent, around 2: o'clock. In the afternoon cable tram fers recovered 1-2 cent, although d mand bills still held around the ear low level It was calculated that the end of the year approaches the will be a brisker demand for cables connection with the settlements. Fin transactions yesterday were arom A87
 Sheffield & Mccullough, E. A. Mani 6 Co.,. c. Fairchild, N. c. Burns d II H Jacquelin sold General Electr Chapman & Seaman and Hartman Cc. bought Reading, while H. Contel 1,5O0, and F. & c. Randolph, 1000, SC it. c. 'Fairchild bought 1000 Union r cific. while the sellers included G. Miller. F. D. Winslow and Morris Brothers, 1, 1,O0O. L. Levy sold 1000 Gre Northern. Wilmerding, Morgan & bought 1,OOO New York Central. E. Humbert bought Steel common, War well & Adams selling 1000. NJ. Rothschild, 2,500, and George Levy s' 1000 Penpsylyania.
 The offering down of New York c, tral to a new low price for the " appeared to have brought out so Sansssfock Ostensibly it was done the bear party, but the employment bear firms made 1t look as if tn sources were being used to market lC stock This is a common device Ms persons will the more readily buy stock, if they think it represents short transaction, which has to be c cred later.
 There were few special features inc stock market. Pennsylvania ' sold early in the day on the notion t the November statement would shoy large falling off in earnings. souri Pacific declined again because nostponement of action on the d dend. General Electyic's early hes ness was on reports from abroad t electric manufacturing business
 suffered a heavy setback because or financial depression. All of tn stocks rallied at midday The Gent Electric company reports that its kncss is holding up wonderfully wei
 No. only was the Londan market l less, but the continental bourses W dull and heavy. Cabled price chan for American shares received before