Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-11-23
General Stock Tendencies
Quite Irregular Today.
SUDDEN PRICE CHANGES
Cover Range of Quotations Marked
the Opening.
SOME NOTABLE DECLINES
Dealings Were Upon a Smaller Scale
Than Friday or Thursday.
Foreign Houses Sellers.
Special Dispatch to The Star.

Social Dispatch to The Star.
NEW YORK, November o3.-The gen
eral tendencies of today's stock market
were quite irregular, there being sudden
changes from superficial weakness to APP
parent strength in the movements OF
prices. At the opening of business gen
orally lower range of prices was estab-
lisheG. and the declines in some instances
amounted to as much as one point Cor
responding losses were shown in the quo
Nations for American shares in the Lon
don stock market, and with the course
of the morning foreign houses were SELL
ers here of upward of 10000 shares,
chiefly OF Union Pacific and United States
Steel, common.
No particular reason was advanced for
the tone of the American department of
the London market. The latter was ir-
regular also, but consols were firm, a
circumstance which would appear to indi-
cate that today's fragmentary reports of
further complications in European po
1itical affairs were not taken very Seri-
ously abroad.
There was some little discussion during
the early part of the day with regard to
Mr.. Carnegie'S remarks upon the tariff
particularly In the relation of the latter
toward the United States Steel Corpora
tfon. His views in this regard may have
been something of an influence in an
early decline in United States Steel COM
mon, which was later recovered.
Consolidated Gas Advances
The Industrial and miscellaneous shares
in general were quite active and, for the
most part, firm. Consolidated Gas scored
noteworthy advance, chieny OH account
of the generally prevailing view that the
company will be successful in the SO-cent
litigation now pending before the Su-
preme Court at Washington
There were fairly large transactions in
tennessee Copper. but the stock did not
repeat the sensational performance it
made Saturday. 1t is understood that a
semi-official investigation by the stock
exchange authorities caused this episode
10 appear in a somewhat more discredita-
bic light than was suspected at the time
American Cotton Oil was notably firm,
out the transactions i'm the ordinarily
active shares in this department resulted
In irregular changes in prices.
The local traction issues were fairly
steady on light volume of business.
Strong Railway Features.
Such stocks as Union and Southern
Pacific, Reading and st. Paul occupied
their usual comparative position in the
market in respect to activity. Strong
features of the railway list were New
York Central, Missouri Pacific, the Hill
stocks, Chesapeake and Ohio and Wis
consin Central preferred. The movements
In the last named were again accompa MED
by reports of an early declaration of the
dividend. Otherwise there was little of
interest to be elected from the trans
actions In one stock or another.
Dealings in stock market were upon a
smaller scale than on Friday or Thursday,
but, on the other hand, those in bonds
showed a considerable increase in activity
over both of the days in question
Money market circumstances showed
little alteration, but today's further liuui-
cation for foreign account was in part
responsible for quite a lively advance in
the rates for sterling exchange