The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-11-14
DAYS DECLINES.

NEW YORK. Nov. lift was but
natural that there should be some
weakness IN the stock market after the
wild advances of the week, that some
holders should desire TO transfer their
profits to bank accounts, that there
should be a breathing spell and that
many operators should want to so home
even over the one days adjournment
The pace has been fast. the dealings
tremendous, and the advances very sub
stantial Any tim that the market
knocks out a total of over 10000
shares a day it is going some and
breathing spells are TO be desired.
No Positive Weakness.
And yet there was nothing like posi-
tive weakness in anything on the list
. Compared with the advances Of yes
Ierday. the declines were iuconsequen-
tial. while here and there We're substan-
tiaI advances reaching from Z point on
Western Union and Canadian Pacific TO
2Q2ss. Illinois Central gaining ? and
500 Ste. Marie the top advance Of the
day.
Losses were all under a point, al
though southern Railway and Anaconda
came within an eighth OF the dollar q
share loss.
London sent over lower prices, but
the local market did not pay much at
tenuou TO London. Illinois Central.
Third Avenue and Consolidated Gas
We're the special features, with q gain
on Realty, and a good demand for SlOss-
Sheffield with turn for the better
amounting 10 fun point
Insiders Sold Stock.
There WIS not EIuor the news a.
the day affecting the market one way
or the other. The pace has been swift.
decidedly so. and The transactions again
today ia Reading st. Paul, Union Paci-
fic, Southern Pacific. and the Steels
were very large. the tape being several
minutes back of the market.
1t was noticed that insiders seemed 10
be selling on The strong spots. and buy
Ing when hesitation was shown. There
was an unusually large amount of busl-
ness transacted for public account, and
this buying was largely responsible for
the advances made.
Many Of the leading stocks on the list
dld not show more than an eighth or
quarter point gain or loss, remaining
very steady right up TO the close OF the
session.
Upturn Not Ovy.
No one has any idea that the I'D
turn has eliminated. Most Of the brok-
ers and room traders consider that it
has just begun. With the reports of
Increased business IN various lines,
with profits that simply tempt the pub
lie 10 come ia and buy, buy and take
on more and more stock, the close OBJ
servers can not see why the Hartman
syndicate should not keep up the in
hatiOn just as long as the public viii
stand for it. With any show Of strength
on Monday morning, and no uutOWaTd
news over Sunday, the very people who
sold stocks today win be back with
orders and willing to pay q little higher
prices TO get in again.
Minor Stocks Firm.
The manner in whiUn nrst one stock
and then another in the minor list. Is
being taken up and boosted, makes
traders anxious to have stocks all oil
the time. in the hope that the lightning
OF an advance might strike on their
holdings.
The bank statement continues to show
plenty Of money. A year ago the deficit
In the reserves OF the New Xxx banks
was nearly S5i,0O0,O00, today there is
surplus OF S325ll,000. That tells the
story.
The closing of the market was fairly
firm with the list a little irregular.