The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-10-11
The MARKETS
quotations
- STEADY TODAY
There Seemed to Be No Bust
ness and Nothing to At
tract Business

New York, Oct. 11.-QuOtat1OnS nel0
steady today through. an unusually
prosaic session of the stock exchange.
There seemed to be nc business and
nothing to attract business. Traders
saw no incentive to activity with the
result that at times the market came
to a standstill.
The only appearance of activity was
in the first hour when prices rose gen.
orally. The rise was only fractional
in the active shares except IN the
cases Of Union Pacific and Lehigh
Valley, each of which gained a point.
Among the less active issues Nor
folk and Western vas conspicuously
strong with a three point gain. Sew
eral of the southern railroads con-
tinued yesterdays upward movement.
but Atlantic coast line and Louisville
and Nashville which led in the ad-
vance fell back sharply today.
Prospects Of a record cotton crop
on which buying Of the shares Of
effective also in advancing American
cotton oil. Allis Chalmers preferred,
after its recent heavy break moved
upwards slowly today but the bonds
showed further heaviness.
The decrease Of $4,000 tons in the
amount OF untitled orders on the books
of United States Steel corporation
oCpSCltlOcI on dS ISpOIlCu lOudy Wd6
in a negative sense Unexpectedly fav-
orable. Some gains are reported in
the volume of new orders for steel
products but the increases are small
in view Of the low prices now prevail
ing and earnings for the current quar-
ter Of some Of the steel companies are
expected to show a large falling OFF.
The copper market was heavy today
in sympathy with the lower quotations
reported abroad. In view Of yester-
days report of the copper producers,
disclosing a large increase in stocks
Of the metal lower prices are looked
for BY some consumers. although SELL
ers today ma de nc material conces-
sions. Exports thus Tar this morning
have been light.
Demand sterling again advanced.
The possibility Of further gold exports
excites no apprehension since the To-
piled. The unrelieved pressure Of ac-
cumulated funds is reflected in a de-
cline In rates on mercantile paper,
some business now being A~~e as low
as 4 Ia per cent.
The bond market was firm. Some
Of the southern and southwestern
bonds were especially strong. The
American Tobacco issues were heavy
at the outset but rallied later. Total
c0kNo pa SGkoo 6oTSVVVs O4lllCu
States bonds were unchanged on call.
Cattle Market.
Chicago. Oct. 11.-close-cattle-
Receipts 1000; market slow and
steady; beeves, $4.75@S.40; Texas
steers. $4.10@6.10; western steers,
$4.10@6.75; stockers and feeders,
$3.50 SIS; cows and heifers. $50
$40; calves, 36@9.25.
Hogs-Receipts $4,000 head; mar.
ket 10c to 15c lower; light. $606.70:
mixed, $6.05@6.75; heavy, $3.50
6:76; rough. 35.s5@6.15: good to
choice. heavy. $6.15@6.76; pigs, .$4.26
@6.10; bulk Of sales, $6.26@6.65.
Sheep-Receipts $4,000 head; mar.
ket weak: native. $2.50@4.25;. west.
ern. $3@4.25: yearlings. $3.85@4.76;
lambs. native, 34.25@6.20; western,
$3.50 @6.25
Money Market.
London, Oct. 11.-Money wal plen-
tiful and discount rates were quiet to-
day. Traders on the stock exchange
were chiefly occupied with the general
settlement. Carry-over charges for
American shares ranged from four to
Ave per cent. Business for the new
account was moderate. Mexican rails
were strong on good traffic returns
and home rails improved, but rio
tinto stocks were weak on local and
Paris selling due to fears Of reduced
dividends.
American securities opened quiet
and during the forenoon prices ad-