New-York tribune., 1910-11-29
BANK STOCKS ON STOCK EXCHANGE
FINANCIAL Markets
Heav Transfers of Money TO
Pacific Coast and Canada.

-T-J,a stock market presented al e'i'f'
o--.e of wea kress yesterday 1nal "'0NN
- a-,co,,raged an idea in many quar-
+,,.+ something radically unIaVoT-
.t,ra had happened TO intrinsic
-. or the weak technical poslllo"
$ +t,o market. however. il was not CON
- s,,,--,ri.fr7g by followers Of recent
movements that prices dechfleo es's-''
,,,4 carly dealings on proiess'oi-'''
tr, based upon the pessimlstlc rt''iiai n
r,,as Hin. and upon announce
:, The early afternoon lhat ''i'
.a,,a,r,r7art had filed a suit in the leu
a,.r co,,rrs seeking to bring ABOUT lIis
,,.r-a,,,+ion Of the American sugar ne
- F-11rI bermore. the
-..-..s.r5on hv outside interests was hoi
-[-,sida,,a5 unusual as the bear element
-be exchange was able 10 oepi
.rocl,s 70 an extent suggesting 10 poo'-
+--eo,-r7ai people that serious troupis "'7
,'..-,,-!,,c General conditions ahectiA=
..-l,.7 worth Of American investment
.o.,~5-ias presented no change
~. -a,7,arks. which we're wholly III
- ,,i,r his mast utterances- contal1leo
---,,;,,e- new or novel and certainly "lN
- -,-.,,-s,7r the sale of investment Ao-0-
- --.,,;l.. tho beginning Of the long eN-
-,e,raa action against the so-caile'i '7''+7'--
-,-,,s- was a bear argument o'''s
..,,sa the general market was Tile i''-
decline 49, t,,,-a
-rl,o same sort Of proceedings nav
-, brought against the Standard Oh
,,-,,,.7v ana the American 1ooae1'
,--,,-- and If the Supreme Court
49, -beee concerns are oPeratIII7
- - the provisions Of the Sher-
nan law. their affairs VIII oe 50 90
-,-s-ad as 20 conform 70 the Ia" VIM
- loss - the physical operation "- IL
-.---5.e NJ 70 the stockholders ANU
-, r,s -l7a same with the AIneElca'i
60 RefrfDc Company in the event o.
- adverse decision against II,
l-.@.z or his kind generally require -
- ,15-l, ,orhood Of TWO years IoT settle
-. ,--ricr rroyides ample time for the
.-enara1ior Of plans 10 conserve
t,..si-ass rnde- new conditions mat 'i'"S
57-7rozed bv the courts ine Aiiiei
-, sugar Refining Company, Wnich III
H. last nineteen years has para 10 30
,-l.,-.,l1.4s,-e about S134,0@A.o@a in diNl-
a.,,5e has is stock widely dislfiD i'fi
80 small investors. who would oe
- - sell their shares because or the
--.---.,-,a,,r s5,it and the bear raid on
,re pr-ice of the issue. The hquioath'S
,-slua Of the company's assets to-day -
far ~ excess Of what the stock may ~
sold for on the exchange
,-at losses among the active STOCKS
-. from TO more Than points
American Sugar Refining. Lehigh Val
,.,. paadjng. Union Pacific, Amalga-
,..sted Co3per. American oIneltliis'
ca,,,aerr pacific and United States
g., 1,e,ng the chief sufferers Prices
,slIied feebiv i. the iate afternoon "n
,.,,-s-ir,a or short contracts, but theFe
WAS no active support 10y the suostai-
.,.7 interests. which suggested 10 many
,.iode = dispositlon on the part OF the
,,is.sas+ men IN the street not 10 inter
e..-a with a movement toward lower /
,,,,ot.,tfo,s There was some forced I
lfo,iidar}or II the day, and certain specu-
ls,ors who recently endeavoreu 10 pflilg
ahout . bull movement by theH own
r,,,u,, efforts al time when CONDITIONS
did not warrant such campaign were
thought 10 have taken heavy losses Can
money was unchanged and in light de- |
~~s,d Time funds were inactive. with (
--.gf.,s for all maturities for sixty days 70 /
81, months al 10 IA per cent whlie
"a, Increased inquiry was reported ioI
--.,.,,,,4,,cdafion o. Oh commercial paper I
,,,hirh ruled from , 70 jig per cent Tor
~ hest names. The buying by me
INKS II, recent DAYS Of mercantile bills /
mas been much heavier than earlier IN /
,be autumn. and the expansion III inns /
SORT of borrowing hardly agrees VIII
=. zIy,7-e Faa-fsll comments on the bust 1
go situation As IS usual at this Pc /
riod Of the wear. money Is no" moving IN
volume from Ne@ York 10 san Francisco
md Canada