The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-11-08
BY Associated Press.

New York, Nov. THE buoyant out
burst of speculation which followed the
election results exceeded the calculations
of nearly all professional observers who
had hooked for an early reaction OF the
sales to realize profits which were await
ing opportunity. Reports of revived de-
mand for commodities of all grades had
much to do in stimulating the effect of
the elections ON the stock market itself.
The Northern Pacific extra dividend was
an additional factor. Continued ease OF
money helped the speculation. Sales of
stocks attracted by the rise in prices were
on a very large scale, but they Were alb
sorbed without materially effectins the
upward tendency OF prices The large de-
mand for bonds was feature of the
week.
The statement follows:
Loans 81, 323- 142, 100: decrease, $40, 20 800.
Deposits. $1,S9s, 10000; decrease. $14.-
Circulation, $42.ss4.1OO; decreace. $780,
Legal tenders, s7S,ssa,scO; decrease. 81
specie. 1901. ZIG. goo: decrease, s4.O45.5OO.
Reserve, s379,510, 200; decrease, &c.
Reserve required, $ags, 2so. 225; decrease,
Surplus. O279. s75: decrease, $1,000, $50.
Ex-U; S. deposits, $32,592,S15; decrease,
The percentage of actual reserve of the
clearing house banks at the close OF bust
ness yesterday was 27-4S.
The statement of banks and trust COM
panies of Greater New York not members
of the clearing house, shows that these
institutions have aggregate deposits of 81, =
or, 230, 200; total cash on hand, $1031I9,-
700, and loans amounting TO $ST2,o6S, 100
COTTON.
New York Nov. THE cotton market
opened steady at a decline of 2 points to
an advance of 3 points. December being
lower on Disappointing cables while later
street bull support and over night buying
order in the hands of the commission
houses DEMAND was promoted by buillsh
1.rsc 4F7nr he
were bearish- There was good realizing
pressure and Southern hedge selling and
offerings were large enough to supply
buyers. Fluctuations were rather narrow
and irregular around the closing prices
of last night during the middle OF the
Spot Cotton closed quiet; middling up
lands. 9, 30: middIing gulf, 9 So. Sales none.
November. lotion futures closed
barely steady. Closing bids: Noyemher.
ruary, ss3; March, s-S4; May, 1881; June.
s. rs; July, s-75; August: $50 49,
New Orleans, Nov Cotton futures
opened quiet and steady: November. s -
bid; December, $40 asked; January, S14
$50; February, S;55Q2I; March, q =
G5s; Ap gass s.S 19ix ss MsSx S'SS asked
GRAIN.
Chicago NOV Predictions that the
moor condition of the fall sown crop OF
wheat as shown by the Ohio state report
yesterday win be duplicated in many otheI
states Inspired vigorous support OF the
wheat market to-day. and caused ad-
vances of more than y from the previous
close. Onerings were light An advance
of 1Ad at Liverpool also strensthened
the local market December opened z n
ne higher at $I.0o1z a3-4 and sold al
81 90 3-4M7-Sc-
Minneapolis, Duluth and Chicago re-
ported receipts of 63l cars
Despite larger receipts than had beer
/ estimated. the corn market was firm or
/ buying by commission houses: Inc
strength OF wheat was bulllsh FACTOR
! December opened q shade TO l-SHI-4S
/ higher at 81 3-Sa1-4c, and sold AT oil 5-ec
Receipts, IS cars.
Trade in oats was dull, but the mar
! ket was firm In sympathy with wheat anc
corn Prices at the start were I-S4I-tS
higher with DeceJnber at IS 3-Sc.
| Strength of grain and sc increase II
! live hogs caused a steady tone IN proVis-
/ ions. THE volume OF trade was small
! Prices al the start were a shade lower Il
2 1-2c higher.
Cash: Wheat No. red, 1,a2q .03; No
! 8. red. Ice I-291.O2 Ia No 2. hard
i I.o2Gs-4; No. I. Northern, 1-eSal0s
| Corn. No. 2. yellow, $50; No 5. 81 gl-z