The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-07-25
SHOWS WIDER RANGE.
Increased Orders From Outside Are
Pronounced Feature OF the
Days Trading.


manifest growth of general par
ticipation In the transactions in
stocks today, commission houses re-
porting increased orders from scat
tered outside clientage. The market
broadened perceptibly and embraced
an increasing number of securities
not often traded in. The long period
of dormancy of these while an up
ward movement had been going on
In the general market makes them
susceptible to a spasmodic read1nst-
ment TO the new order OF values
which offers startling contrasts in
the prices made with those prevail
ing when dealings last occurred In
them. Such changes were I'm evil
denee today In many instances.
At the same time active profit TAX
ing was going on In the fayorite trad
ing stocks. and The price movement
had a very irregular appearance IN
consequence. This was one symptom
of the lessened artificiality of the
market. Movements lacked the ma
ehinelike precision choice of the ear
ly grades of a speculative campaign,
when operations were almost wholly
In the hands OF a few leaders acting
In concert and depending on devices
OF manipulation 10 achieve their Ell
forts. Such growth OF outside de-
mand as Is now being seen in the
stock market is the object sought by
the earlier professional operations
and when II is secured there is us
nally no time lost In taking adNan-
tage of II To transfer speculative mold
ing and secure the profit accrued
This profit taking. while perfectly eV-
ident from the action Of the market
today was conducted with caution
and the. control of the movement was
not abandoned az any time.
The professional element among
the room traders. however, was as
posed to read in this the probabllllS
of turn I'm the movement ana tnes
were keeuly alert to detect signs thht
the ton had been reached. EXpef-
mental short sales were made from
time to time In the effort to ieel ior
the top. Concentrated selling OF va
rious stocks. a large part oil the sen.
ing coming from single mousse hep.
alive a suspicion that the ihipo' tan'
financial Interests credited with los
terinp the late rise in stocks were re-
ducing their holdings ana Trims
their nrofits. There was shpposi.
ton that a large accumulation "
holdings had been effected III anii,i
pation of a decision reversing .no
500 oOO 900 fine imposed ON the
standard OH Co. aud II was assuih-
ed that the handing down OF tha' ae-
eision Yesterday would prompt sohie
selling ont of these Accommodations.
That decision continues the suuJ9et
of active discussion IN the Hiian0 a.
district with general agreemeh. vi "a
probable effect in reVlvlne aeii''i N
for corporation securities. inl'
feet Is especially expected 10
marked abroad. where the leNyihs ~
the fine last year was the cause 0.
widespread distrnst of the nblilty OF
American correspondents to eseape
encroachments. even 10 the extent u
oonfiscation. ...,,a
On the other hand there was SONY
difference of opinion oVef 'he posa'
bile political effect of the upsellihs "
the governments case against III,
Standard OIL Co. and the rehee'eu
consequences to be appfehehoeu !"
financial affairs. The price OF COP
per was again advanced, both III NV
York and I'm London, and news VI ,ni'
conntry's crops continued favorable,
such strength as was shown III W
grain markets being attributed 10
foreign demand. There was SOM
increase of selling pressure la.1 ~
the day, which reduced the preS'4 9,o
advances considerably and mace Inv
closing tone irregular. Loo
Bonds were strong. Iota, s"'es,
par value. $6,090,000. United STATES
bonds were unchanged on call
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