The daily morning journal and courier., 1907-11-01

I expectations.
 ! notable incident of the day was \ continuance of the strain on the in 2or exchanges, with an abnormal bid
 Western points for remittances from
 York. This reflected the troubled
 hilton of interior markets, which \ to have been expected. It was one he causes for the afternoon weak
 of stocks.
 be dav closed with the situation
 etically unchanged. The mainten-
 b of quietude is important, because
 successive day brings us nearer the delivery of the $23,OO0,OO0 gold
 moving westward across the oc-
 The market closed at a net de- |e.
 she Bank of England's reserve ratio E down to SS.91 per cent, a loss from week of 7.SO per cent; but the sk is in a stronger position than last 9r, when the rate was s per cent.
 decrease of a3,o44,062 in bullion ] about represents the New York lin. The loan expansion of e5,056,- shows the money strain of the Rk.
 he dissolving of the injunction
 nted by Judge Holt, restraining un- j yesterday the sale of collateral of
 yer & Co, brought some liquidation ling the morning. It was supposed
 toncern chiefly Delaware & Hudson
 nsylvania, and kindred stocks. All
 hem took the selling very well. 1ltsre was something like bear ! ici in the first hour Prices spurted , n the leading issues almost as fast &hGy went down in the recent col Be-,
 fokers reported less investment I ing. Most of the transactions were b speculative character-a thing 9ch the, banks did not appear to ob- to, so long as they were kept hin bounds, Tn a word, 1t was pop- Fly considered that the worst was b to noon yesterday a total of $2S,- poo gold had been engaged for im- ! since the financial stringency be-
 to decrease several days ago. he out-of-town banks were lenders h limited way and the large money |5ers reported that there was much trouble in obtaining money yester- than there was during the early |t of the week.
 |eatures in the Boston market were lrop of points in New Haven to
 and of 6 in Swift & Co. to IS. also |tinued heaviness in American Tele- |ne. New Haven sold at the lowest be In thirty-three years. |ll the banks did large business terday in supplying the demands of -of-town customers who had heavy trolls to provide for.
 he news that by an overwhelming e the Butte miners union has &C., ted the reduction in wages from s4 bS.5O, announced by the Amalgamat-
 Copper company, was one of the tors that helped along the early ad- Ice in copper shares. This action, course, materially reduces the Amal- hated company's operating ex- ses.
 I brokers offices there was dis ition on the part of traders to make ok turns and get out with a profit several points, rather than wait for extended rise. The assumption was erally made that stocks could not over all at once, but that on each y weak accounts would be closed authorities estimate that O.OOO shares in odd lots of stocks e been taken out of the market hin the last ten days. The average ue is estimated at $50 a share, mak-
 a total of $1O0, 100000.
 looked as if some big shorts had n caught in Union Pacific and were to get stock, After early ping 1-4 points, to 1O9 1-2, there } a rush lE0ward to above 113 IA. Il street q gion was very much I e1- L.