The Washington herald., 1907-10-11
STOCKS SHOW RALLY
Make Slight Net Gain Dur
ing Last Half of Day.
MARKET GENERALLY ERRATIC
IEdustriHls slump Owing To Lack of
Buyers, Drops Being Between and
q POints-LacIS of Definite InfOrma-
zion us 10 Financial Trouble in
Amsterdam still Has bad Effect.

New York. Oct flowing largely 20 a
ulying movement which took place in
TIE last half hour Of business to-day.
prices of the standard stocks closed at
snail net gains
But the market OF the day was, never
teless, nervous and irregular, and for
the greater part Of the stock exchange
session held at a lower level than # did
On the day before. The truth seemed to
te that a large proportion of the profes-
aonal operators for the decline in the
market took advantage Of yesterdays vio-
Int drop in prices and the general unset
dement, of speculation to buy in at what
ever profit that had accrued on their COM
nitment for the fall. but there is no
doubt that a good deal of real liquidation
las taken place In the market in the last
-wo days for the account OF domestic
as well as foreign holders of seCUrl-
ties.
They Lack Information.
Wall street was still without definite
information to-day as 10 the character
Of the fanncial trouble in Amsterdam,
but il was obvious that this difficulty was
not of any portentous sort, since it did
not produce any depression TO speak of
in the other foreign markets. The mar
ket here to-day opened 1T prices gener-
ally lower than those which prevailed at
the close of business yesterday. and In
the first hour Of trading new low record
levels on the present movement were
made which We're also in many stocks
the lowest for the entire year.
After this the market became steadier
and huctuated back and forth in an er-
ratic manner until IL ueared its close,
not reaching in the group of the ac-
tive stocks the prices previously re-
corded The real striking feature of
the market to-day was not so much the
dealings in what are ordinarily known
as the leading stocks, such as those Of
the great railway companies and Ger
tain industrial shares, but the lack Of
buyers that was developed when at
tempts were made 10 dispose OF rela-
lively small quantities of the preferred
stocks Of some of the Industrial COM
panies and Of some of the inactive rail-
road issues.
There were thus drops of between
and g points to-day on light transact
tiOns in such stocks as American Cam
ming, American Car and Foundry
American Locomotive, Pressed Steel
Car. United States Cast Iron Pipe
American Steel Foundry and American
Tobacco preferred
Other stocks Decline.
Other notable declines were 2la points
in Chicago. st. Paul. Minneapolis and
Omaha. 3 in Columbus and Hooking
Coal and Iron, 4at in Consolidated Gas
= p in Distillers Securities. 2la IN Fed
Cral Mining and Smelling. 3 q In Gen
eral Electric. The weekly financial re-
turns of the French and English banks,
although showing decreased in the pro-
portion of reserves held against la
bility, We're yet not unfayOrabIe, at
least I'm the case of the English bank,
from a comparative point of view.
The bank OF Eugland's reserve is now
down 10 46.51 per cent of its liabilities
as against 1856 per cent last week.
but comparing with 355 per cent in
this week last year. The bank of
France increases its loans $50 000, 600,
and showed a loss OF $4,000 in gold.