The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-10-04
The MARKETS
DEMAND
F0RS70CKSSHOW
Market Developed a Down.
ward Tendency Showing
End of Advance

New York. Oct. 1.-THE limited de.
rnand for stocks At the present range
OF prices was shown clearly by the
course Of today's trading. The market
developed a downward tendency sui.
iciently definite to indicate that for
the present at least the recovery Of
late last week was not to be carried
further: Expectations Of a vigorous
upward movement at this time were
based on the theory that with the
market no longer in turmoil. investors
would be attracted by the compare
tively low prices to buy on a large
however. has been small. The re-.
covery appears to have been due al.
most entirely to short covering, and
win the cessation Of this movement
the market has become dull and way.
ering. The disappointingly small in
vestment buying ts attributed to the
tact that various disturbing questions.
cnief among which 10 the intention Of
nnent Of the antitrust law, remain IN.
answered.
Trading was on the IN small scale
as yesterday. There were som at.
to advance prices at the out
set U the rise encountered free Of
ferinss which indicated that the SUP.
ply was In excess Of the demand. The
market grew weaker as the day ad-
vanceo n although there wal q par.
ttal recovery late in the day, small
losses were general.
Selling OF st. Paul in the first hour,
when that stock approached its recent
low record. was a factor which seem
ed to determine the markets curse
during the remainder of the day.
Pressure against this issue was
steady throughout the session. st.
ed States Steel were the three prom
tnent stocks to end the day with loss
es Of q point or more. The weakness
or United States Steel was perhaps
due in part to further poor trade re-
ports.
New orders Of the United States
steel corporation are placed at slight
ly below 10000 tons . day.
The speculative community was TAX.
en- aback by the opposition to the
American Tobacco reorganization plan
revealed In a petition submitted to the
courts by n Of the constituent COM
pantes. This development was reflect
ed In the heaviness Of securities Of the
corporation.
The bond market was steady. Total
sales par value. $2,150.000. .
U. S. bonds were UNCHANGED on call.
Money Market.
London. Oct. 4.-There was a good
demand for money today. Discount
rates were easy.
The stock market continued firm
n there was a further general i'm.
provement on more confident local and
foreign support. Mexican rails and
kafirs led the advance and Turkish
bonds gained two points. Consols
eased of in the afternoon.
American securities opened quiet
and steady and about unchanged from
the New York closing Of the previous
day. During the forenoon prices adj
vanced on New York buying. Cana
dian Pacific was arm and gained 1 1-2
points. The market reacted sharply
on realizing in the late trade and the
closing was easy.
Visible Supplies.
New York, Oct. 4.-The following
cable and telegraphic communications
received by Bradstreet's show the fol-
lowing changes in available supplies
as compared with previous account:
Wheat-United States east Rockies
increased 1,341,000 bushels. Canadian
increase 1,S29.000.
Total United States and Canada in
creased 100000.
900. 900. "1
Total American ana European SUD-
ply increased 4.069,000
&c co sas ela Hed States and Canada de-
oats.united States ana Canada de-
The leading increases ana decreases
reported this week follow:
Increases - Manitoba, 1,45l,O00
bushels, Goderich, $4,000 bushels;
Port Huron. $4,000 bushels; Minne-
apolis private elevators. $4,000 BUSH
els.
Decreases-Fort Worth 271,ooo
bushels; Louisville. $4,000 bushels.
Cattle Market.
Chicago. Oct. 4.-C!ose: Cattle re-:
e c,a. 1000: mssk s senslaliy
:!.2o@7.oo; stockers and feeders.
$3:30@5.60; cows ana heifers. $4,000
Sis: calves. 1913 $500.
Hogs-Receipts, 10000: market,
steady for good grades. others weak:
light. $500 SIS; mixed, $6.10@6.s0;
heavy. $5.85@6.s5; rough. $3.50
$40; good to choice, heavy, $1,000
SIS: pigs. $4.5o@s.45: bulk Of sales.
Sheep. receipt. 10000: market,
steady: native $2.26@3.s0; western.
$2.75@4.00: yearlings. $3.65@4.50;
lambs. native. $4.oo@s.oo: western.
$4.25@6.10.