New-York tribune., 1910-11-08
FINANCIAL MARKETS
Prices FIuCtuate Within Marrow
LimitS-FOreiqn Exchange.

The movement Of the stock market
Yesterday was such as might have been
expected on the eve OF an important cleo
ton. Following d rather strong open
ing came q series of advances and de-
cIines. the market gradually tending TO
2 condition Of dulness and the close be
ing irregular, with most Of the net
changes fractional The trading through
ont the session was almost wholly pro
fessional and represented in large part
the evening up" of commitments On
both sides. The sentiment Of traders
continued TO favor Dix's chances Of
election. but the underlying fact Of IN
certainty Of mind as 10 the outcome was
demonstrated by the lack Of anything
like aggressive backing up Of the widely
EXPRESSED opinions by the bidding UP OF
stocks The list Of issues in which there
acre dealings was unusually small. and
prices moved within q narrow rang
The leader for strength was Union Pa
cifc. which opening at an advance over
Saturdays final figure, rose to Il, y and ,
closed at 177ls. net gain for the day
of IA points It's Improvement was as /
4 Kahn in the West hut there We're /
indications that its strength might have /.
been due chiefly 10 support given TO en-
able realization in other leading issues I.
u be- carried OF.
The ferrilizer stocks were weak. re !.
fecting the probable failure Of the ne- I,
goriations for adjustment Of the potash /
ccnrroversv abroad. and both American /
Agricultural Chemical and Virginia +.
Carolina declined more than point f.
The largest transactions Of the day We're /
ia United States Steel common, which /
moved within % price range OF less than
point and closed L point UP. Fore .
casts Of the steel Corporations monthly /
statement Of untitled orders. 70 ne is /
eued on Thursday, Indicated a snrinkase /
OF more than 10000 tons during Octo- 1
her. which would bring tho total orders .
Oh the books as Of October 81 down 10 a +.
new low record figure: but the hope Of /
betterment during the current month .
was held out. as q consequence Of the .
entrance o. the railroads into the mar
ker rs purcha sers Of rails. The monthly .
report Of the Copper Producers Asso- (
riation showed @ decrease Of about o .
10000 pounds IN stocks during October. .
IuIlish item which had a steadyiug
influence on AnaIEamated Copper. The .
production ~ October. however. in
creased about 100000 pounds over Sep /
t,lrber. which caused surprise. IN view /
Co., -ha prevailing reports Of a gentle
mems agreement" among the leading
COMPANIES 70 restrict production
rau money wen: as high as IA per
cent. with most OF The days business +.
done al 49,. declining 10 D. at the close.
Tho -tITuese OF the rate was due IT some
degree 90 the fact that loans yesterday
carried over TWO days. instead ol the
customary one day. Time money was
arm. with slightly higher rates for sixty
and ninety days accommodation. The
foreign exchange market was weak, de-
mauG sterling declining before noon p (
points To $50. Oh heavy offerings OF
hankers' bills and cotton bills, but rally
ing - points before the close The low
levei reached yesterday is close to the
gold import point but the best opinion
is that Tao imports Of the metal are
likely 10 pe arranged in the immediate
future