Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-11-25
Renewed Weakness Marked
the Weeks Opening.
REDUCTION IN DEALINGS
Smaller Premiums Were Asked fol
Currency.
LONDON GENERALLY STEADY
Additional Gold Engagements.
Break in Missouri Pacific the
Chief Feature.
REDUCTION IN DEALINGS
LONDON GENERALLY STEADY
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, November 25-There was
no really adequate explanation Of the re-
newed weakness In the stock market to-
day following directly upon the fairly
buoyant tone displayed in Saturdays deal
ings. The developments in the meantime
were satisfactory. rather than otherwise,
and included further reduction in the
dealings and smaller premiums on cur
rency. The domestic exchanges also as
sumed a better appearance, notably at
Philadelphia, at which point the derange-
ment has been particularly acute. Further
reassuring statements as to the i'm
provement in the situation were forth
coming from Washington, and from finan-
clers who had recently been In confer
ence with the federal authorities at that
point.
The money market was likewise dis
tinctly easier. Yet in the face Of this
set of circumstances the stock market
by the middle Of the business session
showed an average decline which was
fully equal to the recovery made on
Saturday. In connection with the re-
action there was much talk Of further
enforced liquidation to be conducted
this week. and much of the selling
appeared to be for the short account
in advance Of this expected liquidation.
The London stock market was gen.
orally steady, but American stocks were
irregular. and foreign houses were
quite liberal sellers IN the local mar
ket. Dealings in London were. how
ever. much restricted by the approach
of the fortnightly settlement upon the
London stock exchange.
Break in Missouri Pacific.
Additional engagements Of gold an
nounced this morning brought the total
sum of the metal contracted for. accord
ing to some reckonings. to an amount in
excess of s9O.oOO.OoO.
The chief feature of the dealings with
the course of the morning was q break
Of over points in Missouri Pacific.
securities, including Western Union.
were also notably weak. These issues
figured conspicuously in the report that
some large collateral loans would have
over, but the particular weakness in
Missouri Pacific attracted greater
amount of attention because OF the
fact that the semi-annual dividend on
the stock should be acted upon a week
The Sixtieth Congress will convene or
the same date, but 1t does not appear to
Be the case that the meeting Of that body
or the annual message Of the President
played any special part In the days trans
actions in securities. Another interesting
matter scheduled for next Monday will
be the resumption Of the federal suit look
ing to the dissolution of the Standard Oh
Company.
Declines in Railway List.
Apart from Missouri Pacific, the mosi
extensive maximum declines in the rail.
way list. were New York Central, Penn
syivanis, Atchison, st. Paul, the Hi
stocks, and Union and Southern Pacific.
The United States Steel shares were
heavy, and there were round declines II
American Smelling. Amalgauated Copper
and New York Air Brake.
Brooklyn Rapid Transit furnished TIT
bulk of the transactions in the Traction
shares and was also heavy. The tenden
cies of the market seemed to be generally
regarded as disappointing. particularly II
view of the resiliency shown on Satur
day and the absence of untoward occur
renee in the meantime.
The bond market was likewise weak.