The Washington times., 1907-11-11
new YORK STOCKS
DULL BUT HIGHER
Situation Improved Gains
of l to 2 Points Easily ES-
Observation-Disclosures
Buying.

NEW YORK. Nov. Il. 1880 p. m
Conditions are very much better and
still they are getting better every day.
The shorts in the stock market are not
especially pleased with the investment
buying. II is fact that the public is
nlbbling. that wise rich men with means
are taking stocks out OF the market
and that Lucky" Gates has recOuped
his losses on the Tennessee Coal and
Iron sale through his large purchases
Of Union Pacific.
There should be a reaction in the
market before the advance is carried
much above present levels. This is the
opinions OF expert traders ana is but
the natural result of the profit taking
on the higher level. Sell them with a
view Of getting in On a little lower
tcale." This is the way one biS-er puts
il, but there are thousands of shares
being taken out Of the market every day
that viii not be sold for any short turn
In profits, but held for long pull and
the fat dividends that the nigh grade
stocks are paying at present values
New York Situation Improved.
Comptroller of the Currency w. B.
E3idgely says. THE situation in New
York is much improved mean it,
And this is the story that comes from
various authorities. II is evident that
J. Pierpont Morgan and the United
States Steel crowd are the chiefest fac
tors in the situation. They have the
cash, with J. ID. Rockefeller and a few
other live ones. and they are taking
large quantities Of stock at bargain
prices. stocks that they viii perhaps sell
on sharp advances with intent 70 get in
again on every reaction.
In the meantime the position of the
shorts. and their name is legion, Is be
coming less pleasant day by day. Many
have covered in part, but the line is
Btin enormous.
Dull But Higher.
Todays market was dull but higher.
The volume of business was restricted.
5ust at 1t should be to make the I'M
bFovement gradual, and the buying was
OF a good character-much OF the in
vestment kind. The best prices Of the
first half OF the session were just be-
fore the noon hour, thereafter slight
declines following. but with the leaders,
Great Northern, Union Pacific, Penn
sylvania. Reading. and the Steels not
far from top quotations.
Copper advanced from 4SA to 501s, but
dropped back 70 1915 90 1914 Smelling
advanced TO So from an opening at g..
Gnd reacted to 67H. Steel common, ~
Ei2Ei4; preferred, S424@S5: both strong.
Atchison gained nearly 2 points; Bali-
more and Ohio, u; Canadian Pacific. ?
points; Chesapeake and Ohio. i. and
Delaware and Hudson, ~. Great North
ern opened at ia, sold to u514. Louis
vile and Nashville was , points better.
Missouri Pacific l point up. Northern
Pacific 1O9, or Il UP 10 110lt, with little
stock offered Union Pacific closed Sat
urday at 1l1h. opened at lIIA, sold TO
1l324. and then on Il Reading jumped
nearly points on the initial quotation,
added another point and then eased OF
ell well barely holding its own Ms
souri,. Kansas. and Texas was also in
the same class Southern Pacific gain
ed q.
NEW YORK, p. m--Tne market
continued with a fair show of activity
right up 10 the close There were some
concessions from the high of the day,
but the losses were incOnSequential. and
q substantial recovery was held to the
cIose
St Paul was about the only stock that
failed 10 close higher than on Sat
urday. and il was q lower.
Gold engagements now total, inClud-
ing arrivals. so. $4,000. Morgan and
some others are canceling orders in
order to relieve the scare on the other
side.