Daily press. [volume] (Newport News, Va.) 1896-current, 1908-11-18
slDet market huck The Sane
Is Day Ieia's.
ei1Futl,s a1vesfsTs RULE
Considerable Buying Of S oeks 10 As
eribed to Foreign Aeeount--Union
Pacific Prom nent In Days Dea.i nss
money Rates Are Easier.
(By Associated Press

NEW YORK, Nov. lI.-Iht chorac'
ter Of today's stock market was much
the same as that OF yesterday. The
spotty and irregular movements re-
suited In much confusion OF mind on
the part Of those who were attempt
ing TO d.Ecern the significance o. tn
conflicting action Of the d:n|rt nj
stocks at the same time. The cur
rent Of the price movement was not
consistent at any time during the
day.
The deer ased animation OF the
speculation was attributed In a gentr'
al way to an excess Of caution. to the
extensive rise already achieved. when
has reduced the rate OF tn. income
yield on everything traded In.
: The stocks selected tor the upward
movement today. however were
amongst those which have suffered
Cor fears OF dividend reductions In the
past and which are now responding
apparently, to increased confidence IN
the maintenance OF the present divi'
dend rates.
= COM EIeIlCes oI tTdHiN oiiN'otC ~
discuss proposed freight advances also
affected the stocks. Another group
that was affected as Il class today
was that Of low priced railroads. es-
peciallv those in the hands OF receiv'
era A movement of more e. nefa'
influence was that in the Hartman
and Hill groups Of stocks. Union Pa
cffic as usual absorbed large por-
ton Of the days dealings. Its rise
today to 1873 5-s, was accompanied py
revived rumors Of a pending inauciai
plan involving distribution OF assets
or increased dividends.
Unit d States Steel had alternate
periods Of heaviness and streng h.
This was. in fact. true of practically
the whole list but with some irresu'
larity Throughout the day.
4 Considerable buying of stocks was
sscribed to foreign account. but Tor
eign exchange rates advanced ID
points.
Money rates were called easier both
on call and On time. Bonds were
strcng. Total sales. par value S.
Sss0O0. United States bonds were
unchanged on call.
Total sales stocks today we're l.
10000 shares. including: Copper.
$500; Smelling. 21.9OO: Baltimore 4
Ohio, 300: Sugar. C.500; Tobacco
500; Chesapeake & Ohio. 10000: ST
Paul, 29100; Louisville & Nashville.
500: New York Central, 1920:
Northern Pacific, 44.2oO; Reading.
l93,30o; Norfolk & Western. $500;
Southern Pacific. $500: Sloss. 1000:
Tennessee Copper. 1860: Union Pa
cilc. ,lS6, 500; United States ST Ell,
,1l2.9G0; Southern Railway. 1000;
Southern Railway. pfd.. 1000: Firsi-
nia-Caroiina Chemical, $500.
Amalgamated Copper :. >. :. SSis
American Car & Foundry 49,. 46%
American Car & Foundry pfd 1864
American Cotton Oil 49,. 35k
American Hide & Leather. pfd %
American Ice Securities $3.50. 2As
American Linseed 80. $500. III.
American Locomotive 80. :. 56h4
American Locomotive. DID lO9ks
American Smelling & Refng :. 49,.
Amer. Smelling & Ref'ng. pfd 1c7
American Sugar Refining 80. 133is
American Tobacco. pfd e2E
American WOODEN 49,. ...... 3lEs
Anaconda Mining Co. $50. -. SIX
A{ch:son w 49,. .. 9sS
Aichison, pfd 80. 49,. ..... ~
Atlantic Coast Line -. 49,. 1OS
Z Baltimore & Ohio 49,. ..... 10SN
Baltimore 4 Ohio. pfd E. .... -
Beock.vn RAPID transit ...... s5s.
Canadian Pacific .l7Sis
Central Leather .........., 1874
Central Leather pfd. ....... SsN