Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-12-17
AND
COMMERCE
Ma!I Street.


New York, Dec, 16.-There was
considerable repurchase Of stocks to-
day largely by those who had sold
Yesterday and the day before. A re-
covery in prices was the CONSEQUENCE.
The market, however, continued mar
row and professional, much of the
buying being attributed to the cover
ing of short contracts put out dur
ing the previous selling. The upward
movement was encouraged by some
of the events of the day. The specu-
ation is still restricted by the dimin-
ishcd resources of the money market
and the situation in that respect re-
manned the principal subject of con-
%sidcration. The position has not
reached hat of stringency, such as
forces out respcCulatiVe stockhOIdings
by calling of loans but available re
sources are required for other pur-
poses than speculation to an extent
that limits the operations to sustain
an advance in prices to an extent that
limits the operations to sustain an ad-
vance in prices on a scale that has
proved eficicaciOus all through the
years rise. Artificial support of prices
HIslutllA tNblllto iIlOIt HtA DtllNlNt
and hazardous. The local allotment
of the Brazilian coffee loan was so
Iagely subscribed that the lists were
closed as soon as opened. The inter
national exchanges were held away
from the point of profit on further
shipments of gold to Paris and the
maintenance of higher money rates
seems sufficient to check this o V
mcnt. Special strength was shown
today by the electrical companies
which was supposed to have some con
nection with the expectation of set
Ting of the placing of Pennsylvania
railroad contracts.
The rumor was revised also of the
coming retirement of Reading second
preferred stock by exchange into
common and first preferred stock in
equal proportions. The declaration on
the regular dividends on the various
Vanderbilt railroad stocks seemed to
be of helpful effect on those stocks
although no suggestion of other ac"
ton has been heard for a long time.
Closing stocks:
Amalgamated Copper 49," SIS
American Car and Foundry =. 46
do Dfd. .
American Cotton Oil =. ....... AZ
American Hide ana Leath, pfd.. 35
American Ice Securities . Il. -. "a
American Linseed . ........ 14A
American Locomotive .. ...... 55B
do ptd 12
American Smelling and Ref. . S5B
do Dfd ....,............1021 Il
American Sugar Refining 80. 1909
American Tel. and Tel. .......12S1 Y /
Tobacco pfd. . ...... 81
American WOODEN O.. ........ 81
Anaconda Mining Co. .....,.. 4S%
. ..,.,,,..... 97#
do ptd .'...'..........lO2A
Atlantic Coast Line ..........110
Baltimore and Ohio d. ......110%
do pfd 81
Brooklyn Rapid Transit =. .... 571A
Canadian Pacific .. ..........177
Leather >. .-.......,. 80
DO ptd 914
of New Jersey .. ....223
Chesapeake and Ohio e. ...... 57h
Chicago Greet Western ....... liz
Chicago and North Western LIS
Chicago, Mil. and st. Paul....149as
c. c., c. and st. Louis ...... 6S&
Colorado Fuel and Iron ....... 3S1a
and Southern ........ 81
90 ISL pld. ........... "a
90 2nd pfd. ............ 69&
Consolidated Gas ..........164
,orn Products ........., II
Delaware and Hudson $3.50. ...179h
and Rio Grande ..... 35a
40 pld . ..-.... 81