The Birmingham age-herald., 1911-11-11
FLUCTUATIONS OF
 STOCK UNCERTAIN
Though Market Again Ex- hibited Decided Strength.
 Railroad Stock Gains

New York, November Manifestations of stock were uncertain and at times fe- verish today, but the market again ex- hibited decided strength. At the open ing the railroad stocks showed substan- tial gains The market soon fell back and some issues, including Canadian Pa cifc, Erie, Missouri Pacific and Wabash preferred, lost to points, Heavy real izing sales kept the market in check. Prices rose and fell within comparatively narrow limits until late in the day, when buying expanded rapidly Prices shot up ward and at the close extensive gains were well distributed through the list or moro active stocks, in some cases run ming up to points.
 The railroad stocks, especially those of the western group, were the leaders of the msrket. Trading in these stocks was stimulated by the action of the new commerce court in staying the decree of the interstate commerce commission for a reduction of inter-mountain freight rates. During the furry of the last hour the most conspicuous part was taken by Reading and Lehigh Valley, which were bought so eagerly that various reports of extra dividends were circulated. Lehigh Valley rose to 1791a, an advance of 59s points, and Reading gained 4ss points. The advance of Reading was attributed in part to a. gain of 27 points in Central Railway of New Jersey. in which it has a large interest.
 The industrials took little part in the. early advance but later in the session developed strength. The copper shares were especially strong with an advance of 2ss points in Apalgamated Copper The demand for the copper metal was reported to be satisfactory for both export ard domestic consumption, although sales thus far in November have not been as large as the average for last month. . The American Tobacco issues were much z quieter and fluctuations were smaller. For a time the market was unsettled by a sharp break in the Wabash secur- dtes The decline was accompanied by reports of possible unfavorable devel- opments which were apparently with out substantial basis.
 United States Steel pursued an irreg- 1,lar course. At one time a point be- y. the session to F point above to 11a points. The increase of S0000 tons in the Steel corporation's thrilled orders at the end of last month seemed to have little in- fuence on the stocks, which remained almost stationary immediately after the announcement of the figures.
 The showing of the Steel corporation was regarded as satisfactory in view that during October its plants were running to nearer capacity than for some time before. London sold United States Steel heavily on the early decline and later bought railroad stocks in moderate amounts. Sales for London account were ahouf 9E nnn z'l g, with only about one
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