Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-11-20
The Markets.
NEW YORK STOCK MARKET.
Features of the Days Dealings in All
The Leading Stocks.

Nov, Work. Nov. 19.-Conflicting in
fluences were at work In the Saoen ,..ai ~ &c
today which gave it an appearance OF
irregularity. The unfavorable lncluence
waS a donbt about the character OF To-
morrOw's bank statement IN favor ol
higher prices was the renewal vi nuiii9ae
of the progress of the plan Ior coiieoiiua
tion of the copper producing corpoiatiois
and ass,Imptions growing out or tHe Wells
Fargo "Melon cutting" on otner BONUSES.
The later influence was percepl.iosie ~, w
wide advances on light dealings OF HULL
her of high priced lnVesthlIili ~, seueH H.,
ilnown to have large surplus holdlhsS III
their treasures as well as otne, t e.,
with ..concea led assets WHICH u" i'o' I'D
ure in balance sheets. xo,,;os, b.,e
The equities in Reading pfopeI ~ h@ ~ -
hoan nointed to often as just11catioh Ioi
the extraordinary price levers a.tdi.eu 80 ~
that stock in proportion TO tne pei eu -
dividend payment. TINS rms 'i in the stock
apain TODAY The market actlVi'y OF tii0
Stock showed signs also OF tiie opoa
lions of an organized party III me 49,; 49,
lation and was of more or ieSs ~ nnrket
al influence on the rest or the ma 1Et 1'I I.
In the case of the copper StockS' ny az ~
vance with which they starred nr"nG5 tbn he.
some realizing sales when tull ,, IN
nricec downward again ana reSuiteu III
cnnsiderablv unsettling the general mar
l,et THE same was true of Union raclllc'
which got an early beneiit from ny on
neval of talk of segregation OF ASSETS W ~
IFS account anu i'pih
the value of investment nolo'iis' ''
Southern Pacific of Wells Fargo.
There was great variety OF lllore.
ments in stocks of minor class' 40 los
example, the keokik ana lles Mo 1a,,a
stocks. which became active a1ter lonS
period of QuieScence, the cohlIloi dlE ~
ing from a fraction above 81 d snare ~
nearly S12 The stirring up OF inns Grass
If securities in so sensational manner
is looked upon with suspicion, an! ~ M NJ
" TO prejudice the feeling against tne
General market Doubts over the com
nlexion of the bank statement We're jug e
- Uncertainty over the after-effectS or
last weeks unexplained loan contractioiii
nc ,uuch as to the actual cash loss mol
Gated nv the preliminary estimates OF the
currency movement. In these the totai
of gold for export for the week ran up
to s., 100000. III. A.. ;r.orior
Tie express movement with the interior.
on the other hand yielded a conslueIa ~. ple .
balance in favor of New YORK anu lile
suh-trea sury operations nearly half a mil
lion more. so that the loss by gold eX-
norris seems to have been reduced 10 I'M
der $2.OOOOOO. United States steel was
quite steadily under pressure throughout
he dav and closed at small net decline
in snite of the buoyant rise at other
points. aosos ,,,;tb
The financial district was flooded with
rumors of deals in the latter part OF the
day. alleging sensational increases III
dividend disbursements in view and fur
ther changes in corporation relations. The
price movement became feverlSh ana ex-
cited lnder the stimulating influence, put
did not lose its irregularity altogether ana
closed unsettled Bonds were firm. Iotal
sale. par value, 81, 252.000. United states
bonds were unchanged on CALL