The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-11-27
6OOD GAINS MADE
IN STOCK MARKET
standard Oil Uncertainty Is
Quoted and Pr Go Up
] TRANSACTIONS ARE SMALL
Speculation Is Not So Free as Usual
But Confidence Is Almost Wholly
Restored and All Stocks Score
Advances.
I TRANSACTIONS ARE SMALL

New York, November 26.-The oppor-
tunity for contemplation afforded by the
Thanksgiving holiday seemed to have re-
suited In an almost entire disappearance
Of apprehension over the Standard Oil
decision which has been an unsettling in
the present week. Prices of Americans
had been lifted smartly In the London
market In the interval and New York ac-
fiuence in the stock market throughout
cepted the altered appraisement at the
outset and added something to the gains
in the course of the days transactions
The volume of transa ctions was not
large, and the speculative tone was some
what subdued yet as the aftermath of
the anxieties of the earlier part of the
week. The abatement of uneasiness over
.fhe effects of the Standard Oil decision
was owing to large extent. to the re-
. yival of credence In the project to con-
solidate the leading copper industries.
The constant gatherings of influential
"copper" men in company with the bankers
.credited with the authorship of the pro-
|ject foster the belief in the continued eff
|forts to work out the combination along
1.-THE lines followed by the financial minds
| In the formation of the United States
| Steel corporation.
United States Steel itself felt the eff
X lect Oh the passing lilllutHCS Oli tiio UNI
trust decision. There was a resumption
at the same time of aggressive opera
tons for the advance in Reading with
reiteration of long standing rumors of a
plan in prospect for distribution of part
of that companys concealed assets.
An effective leadership was thus af-
forded for the upward course of prices.
Some irregularity attended the movement
| and It was not without Interruptions. Re-
newell weakness in New York Central
ladeson such interruption showed SYM
| lthy with stocks similarly situated in
| dep,ospect of addition to share capital.
Importance is attached to this kind of
raniftstation owing to the large new cap
IF requirements that are to be met
hortlJ The large stock and bond issues
gently announced have provision for
yraeht of deferred stock until the turn
the year. This and the belief that
her ssues impending is responsible for
1 5pihon that the money market Isl like
to b, held at a tension by these future
aquij dnents, after the usual period of
e1A1dlton, had its effect
The estimates of the weeks currency
wenent show a decided ref1ux OF funds
In he interior to New York with the
Shins of the movement in other direc-
70 ons THE high premium to which New
n Qak Exchange at Chicago has risen in
:, itexeoIrse of the week was forerunner
1safia showing. the balance in favor of
u v 1prk having run apparently to over
in DOB The demands of the sub-treas-
Of adj the shipments last Saturday of
A. Z Il South America have to be reck-
=. nth in the computation of the net
t on bank reserves which promises
nv hit reason to lie small. The loan
wor fgs are in doubt, but the continued
No In for remittance abroad suggests
the some foreign loans have been paid
~ wide the local banks may have been
ID upon to take in
q strong exhibit made by the Bank
to ntland was a reassurins factor IN the
YOU et market, although the retention<of
aficial discount rate is read as an ex-