Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-01
;Practiced Hands Featured the
Weekend Movements
AGAINST SHORT INTEREST
Clearing Up ef the Financial Pros
poets Forecastad.
PROFESSIONAL AN1NAT1oN
Convergence on specialties Hota-
bic Feature-Inersaaed Relaxa-
ton in Honey Market.


NEW YORK. November 30.-The stock
market today gave abuildant evidehc Nof
the resumption of spEcuIs tive leadership
by operators nf tia professionally ass. The
holiness and skin with Nhich. the oi1s'ra-
tions were conducted pointed 70 rrae-
ticad hands. The movement was directed
primarily against a short interest. whica
is assumed TO b. large after so length
enea a period of decnne and disorder in
the.naTket.
The basis of the movement is. OF -courstt
the clearing Of the financiaY prospects
heraldad by the fading away of tie pre-
MUM on the curr enes-. the agreement of
adviees from Htartor bank rs Of their
preparation for the resumption OF cash
payments as soon as the New York hanks
shall take the laad. and the c5nyie5ioh
that such a -t:eveloioln e1se il isesV.ifss- at
hand.
The animated fesifhss .of prof essfst,ol
traders during the day we're aceoin3aaiz3
by. many rumors, chief of which processes
to deal with the forthcoming message et
the President to Congress- Some o. ths
most deEncnstratiVa buyers OF ASta2Es
cleitsad TO have assurances Of tha c9a5
tents of the massage, en- which they has q
assertions that the passages ealiitg x4th
the financial situation, the nd of enf-
5reIiey rsforrn and the intended rol;cy t0i
ward serpoTaticDs would he round To coma
tar matter fer cncou3 gem snt On the
Fart of corporations in respect to the
atat neI.t ofsh3stiiity.
Speculation With Favorites.
The days transactions showed a ten-
dency to converge on stocks which have
always been speculative favoritas in tha
past. and the market was given a rather
spotty appearances in this way and was
at tiu1ss feveris.s The time money mar
ket showed Increasing rviaxation, ana ad-
dit1onay business was done in that depart
ment, tbs casing of the money situation
eT:d.ntly contributing rieans for the re-
sumption of sf'asuisstixs activities. =
Tie speculatiye- actly.tyr was fne.ted by
the circu.atiGf OF kfSp9rts OF some very
heavy aasortti 6i&af tr5nds for some fer7
,eign ace6dft in CORRECTION with the large
sums - god sarAtciG tsttvs-s bssen shipped
to tllis .eoIatEy.
Yae iaEk Ssatsrie-lf, under the new
rule inrfcSec, aiS niTt ;SFtsear until after
the stock market had Closed. AS was tx
peeted, fhs traustte.fGiis- in connection
with the purchase OF Treasury csrt!l-
Gates have .tlirowi siis statement out, So
that the iterns do rot prove" the in
crease in. DEPOSITS fa.Iir9g far short Of the
loan and cash iitclS ass.
-, 3ank Statement Features
The cash increase IN falling. short o.
5000, oo0 also fails to reveal the full ef-
feet of the known movements OF money
and. this is attributed to The eff ect s az
ipxl5nents for the Treasoz 3
and delay in rsdepesit OF thrseeSaufttifs des
the proceeds The resnetionsef the dsfe.s>
by s1.114lT5, while small Is the first
movement TOWARD renovation which has
occurred Since the deficit. was esSab-'
Hshed.
Some part of the leah increase is said,
to be due to purchase of commercial pa
per from out-of-town mercantile centers.
The stock market closed irregular under
the influence of professional realizing. =
Rends were active and strong. Total
sales par value. s3.0s2 Coo
Emitted States bonds were unchanged on
cali during the week. 49,