Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-18
Wide Diversification of Inter.
est on Change Today.
SOME NEW HIGH RECORDS
Price Changes Were Irregular and
Erratic.
RAILWAYS PROMINENT AGAIN
Union and Southern Pacific Led the
Active List-Americans Steady
in London.
Special Dispatch 10 The Star.

special IfSIidlt'H w INV ''"i'
NEW YORK. November lS.-Today's
stock market was perhaps the least IN
1erestiug business session upon the STOCK
exchange that has been witnessed since
election day Nevertheless. some new
high records of prices were established
even if they were not maintained, ana
there was again apparent Il very VIDE
diversification of speculative interest
Price changes. on the other hand. were
irregular and erratic almost to an eXas-
perating degree, particularly from the
viewpoint of a commentator upon the
tendencies of the market In eXplana-
tion of the latter there was little or
nothing of novelty to be elected
American shares were steady in the
London stock market but operations mere
for foreign account showed the smallest
net results that have been exhibited In
more than two weeks.
In fact the net balance of the dealings
of this description was small that no
concurring estimates of the amount could
he obtained. The European markets ap-
pear however. to be recovering from the
uneasiness which was excited by recent
occurrences in Germany and the orient.
The local situation comprised nothing Oh
sufficient Importance as to shape specuid-
tive sentiment in one direction or announcer
Money market conditions were unchanged
and little alteration was shown in the cir
cumstances of the foreign exchange mar
ket Active dealings converged upon
small number OF stocks, notwlthstandlnS
the already mentioned general distrlbu-
ton of interest.
S.P. Exceptionally Strong.
A large proportion of the total transac-
tons was furnished by the dealings in
Union and Southern Pacific, Reading
Northern Pacific, Amalgamated Copper
and United States Steel common. South
ern Pacific was exceptionally strong,
rising in fact to a new high quotation OF
record and the movement in that stock
was naturally strongly reflected in the
course of Union Pacific
The particular animation in Southern
Pacific was again attended by reports tilat
an early announcement could be expected
of the details of the plan for the retire.
ment of the preferred shares.
The railway list showed number OF
other extensive upward movements, de-
spite the generally irregular tendencies OF
that department of the market, Note-
worthy gains were scored by Canadian
Pacific Northern Pacific, Atlantic Coast
Line and Louisville and Nashville. Le-
high Valley was decidedly strong IN the
Philadelphia stock market. but In the
local transactions the Anthracite Coal
shares were less conspicuous than they
have been for some time.
fractions Reactionary.
The local traction issues exhibited re-
dictionary tendencies during the greater
part of the business session, and Sd ave-
nue. was particularly weak. Dealings in
the industrial and miscellaneous shares
displayed the same general characters
tics noted in the transactions in the rail-
CT pUnallS difficult
also to assign any specific and edifying
reasons for the irregular movements in
that quarter.
The copper stocks were firm, although
Rio Tintos suffered a further decline in
the London market. General Electric and
Consolidated Gas were heavy, and inter-
mittent pressure was observed in the
dealings in the United States Steel shares.
4 considerable falling away in activity
was observed in the dealings in the bond
market and rather heavy tone prevailed
there also with rather noteworthy weak
ness In the AZ per cent bonds of the In
terboro Metropolitan Company.