The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-11-29

market mas gradually eaSed on ana IS
4 now more active, but weak. COppers IS,
? Sugar 119H, Smelling as, Reading 1875.
( Pennsylvania 1872, Southern Pacific
Z 12sss, Smelling $50. Union Pacific 2O154,
and Steel common SIS. The indications
are for an easier closing.
NEW YORK, Nov. 29.-Operations in
the market were more or less restricted
and, while there were weak spots, there
were also recoveries and unimportant
81 net changes during the morning hours
in the leading rails. Copper come TO
the front Immediately. Lawsonia played
an important part in these operations.
His TRADE following the Standard OH
decision may have been effective in
breaking the coppers, or at least effec-
q tive in a secondary manner. He directed
attention 20 the fact we'll understood on
the Street. that it would be next to
impossible to carry on the purposed
merger save on restricted lines. and he
also advised the sale Of copper shares.
II may have been just another straw
to the raid, because il was generally
understood on the Street that the de-
cision was effective IN the direction in
dictated. Today he followed this with
another roast. urging the purchase or
% Guggenheimer properties, but the sale
of Amalgamated.
The second screed was evidently for
the purpose Of keeping the ANAL
Eamated down I'm order TO cover II was
etecuve In bringing a quick break from
q the opening at S6Ib to S5ib. and for a
time IL. acted as If II might be a case
or new low levels. But the covering Of
? me shorts quickly turned it into higher
~ ""'nnNiS aud NV n"on thara q ae-
coVeTy TO SI4a. a net gain OF g, followed
oy return TO Saturdays closing
Sugar on the Slump.
Sugar shares were the weakest OF the
entire list. Evidently some holders of
the stock for Investment have become
alarmed by the continued exposures and
FEAR for the result Of the agitation now
started against the corporation. when
ready to sell the price makes little diff
ference to a scared investor. Sugar
dropped from 1249t to 1l924, and looks
much like going lower still
p Anaconda dropped back 2 poiuts 10
80 and rallied 20 49,
These were the weaklings Of the list
Shd Yet the ability TO recover losses
turnlsneo some encOurd cement to the
beiated bulls in these securities. The
pears are not ovcrconhdent of their
position and cover On small profits or
un the price up on themselves when
Trying TO take advantage of big losses.
The Rails.
! In the rails list there was an occa-
sional slump and almost as many rail-
lies. Reading was the active leader.
selling freely at 169 at the opening 10
1855. then rallied 20 10 10 us, the
bears covering freely. Reading is slated
according to thu gossip of the Street.
for an increased dividend and also a
melon of more or less tempting pro-
portions II went back a little from
the high.
Union Pacific was firm but cratic be-
tween 30lis and 202ik, generally holding
small gain. St. Paul was steady and
Southern Pacific a bit easier. New
York Central gained y. Great North
ern, Katy, and most Of the rails held
a fraction better than Saturdays close. |
Rock Island preferred was again the /
hrmest on the list. advancing points /
the easiest of the list
The bears went after Steel common (
early and then tried 20 cover, bringing /
a net gain Of =.
Market Outlets Down.
In the noon hour the market moved
slowly and with less severity in nuctu-
atoms. Most Of the rails were steady
at OF about Saturdays close. other than
Reading Rock Island, preferred. and
Wabash, preferred. all of which were
decidedly strong. The latter rose 70
55'4 from 535s, Saturdays closing. Steel
held its own. Some Of the industrials
other than as noted held their own or
were slightly changed. Sugar was back
TO 1901