Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-11-20
Market Was Irregular, With
Downward Trend.
THE MORNING REC0VERIES
London Was Depressed in Sympathy
With New York.
LITTLE FOREIGN BUSINESS
LITTLE FOREIGN BUSHES
Rates for Call Money and Sterling
Exchange Showed No Altera-
ton From Yesterday.

Special Dispatch TO The Star.
NEW YORK, November 2o.-1n today S
stock market very irregular movements
in prices supplanted the almost constant
downward swing which was noted yes
terday The dealings showed none OF the
heavy and concent -ated liquidation such
as was conducted then in the United
States steel sinking fund bonds. and in
the Rock Island As. Today's bond mar
ket was again quite active, however, and
price movements there were as irregular
= those shown in the stock list. Such
advances as developed in the latter ap-
AIRED to represent for the most part
q. covering of short contracts put out
yesterday.
During the morning a number of the
active shares. after recedins below yes
terday's closing figures. made maximum
advances of one point and over, but dur
ing the afternoon the market as a whole
changed its tone repeatedly. There was
little of novelty and Importance in the
mornings situation.
The London stock market was gener-
ally depressed because, according to the
cabled advices from that point. of the dis
appointment felt there that no greater de-
gree of improvement of the American
tinanc.a situation had been witnessed
than has taken place. Reports were cur
rent in London also that the Bank of
France had refused to accept the new
Treasury 3 per cent certificates as sscur-
ity for advances of gold. Very little was
done here. however. for foreign account
Money Market Interest.
The rates for call loans ruled around
yesterdays average figure, and those for
sterling exchange showed no material al
teration. Additional engagements Of gold
announced this morning brought the ap-
parent consignment of the metal on this
movement to a sum in excess OF
sI5,OOO.OOO. The heavy receipts of gold
found little reflection IN the currency mar
ket. where the premium was still quoted
at IL to 2ls per cent. Transactions In
currency were seemingly, however, in
somewhat smaller volume than was the
case yesterday.
1t is scarcely necessary to say that
throughout the day interest was abb
sorbed almost exclusively with the va
rious phases of the monetary situation
at large. There were, however. few
novel developments In that general di-
rection.
On account of the continuing heavy
transfers of currency to the west ano
south. which were maintained today,
the figures of the transactions between
the banks and the subtreasury from
last Friday UP to this morning showed
loss 10 the IoIIHer ol ioicN Shdi
S6OU0,00
Some Weak Railways.
There was little interest to be ELECTED
from the transactions in particular stocks.
Yesterdays postponement of the deciara-
ton of the dividend on Atlantic Coast
Line led naturally to weakness in that
security and to sympathetic declines in
Louisville and Nashville. and the South
ern railway shares. The Erie issues were
also rather notably heavy.
In the Industrial and miscellaneous
group, American smelling was the weak
est feature, presumably because of the
closvra pproach Of the dividend declara-
ton date. The United States Steel stocks
were quite well supported. Sloss- Shef-
field suffered quite severe break, and
the course of that stock, combined with
that noted in sonic other issues, was
commonly attributed to selling tor Cana
dian account