The Birmingham age-herald., 1911-11-28
BROKERS REPORT GOOD BUSINESS
Though Days Movement Fell Back Until Little
 Left of Advance

~a New York, November 27.--Buying orders (which accumulated over the week end lstimuated the stock market for a time to- tday. Some brokers reported larger Nolume of business and bull traders said ghopefully that outside interest had quioh- tened after many months of pronouhceo apatny and prophesied a change Tn the market from it's ultra professional char acter. The days movement as whole however, fell back steadily until little Twas left of the advance. Some stocks, fincluding United States Steel, Reading and Lehigh Valley fell to below Satur- tday's close The action of the market isemed to indicate that it was still Of a. ttransitory character governed by the hour ito hour movements of the dominant pro- .fessional operators.
 bUnion Pacific was the most conspicuous Sstocl on the advance, and gained 2 Hpoints.l Its advance was equalled by that Cof St. Paul and a. few of the inactive is- fsues, including American Can preferred, (which rose to 923s, the highest price at (which this stock was sold.
 4 On the recession the pressure was most ssevere against the coalers, and both Read Mng and Lehigh Valley lost more than a spoint on the days movements. It may Shave been merely a coincidence that the sdullest periods of the days trading, was during an interval preceding publication Iof the speech of the British foreign sec retary on the recent Moroccan crisls. After the speech had been read in Wal street, the market oceanic weak, General tElectric itself reaching a. high range or t55s4 and closing at 155. The strength or the London market, however, exercised a sustaining influence. Buying in Lon don was especially pronounced in the cop per shares.
 Operations in this market for the Lon don account also were chiefly on the buy ing side with transactions in Ohlteo States Steel making up the bulk Of this business. The strength of the American Tobacco issues brought the stocks again into prominence The preferred rose 23s, and on the curb the common increased US recent large advance by 21 points, selling at 511, the highest price reached since the final decree of dissolution was entered against the company and within points of the record figure for that issue. Third Avenue fell another point to PA, against a recent loss of 234. Call money was again hard, but some loans were made at Saturdays rate, today's rate being the highest of the year. The rise was at tributed to withdrawals made by the city in connection with the payment of $4OOO,- OOO due to foreign bankers for warrants issued a year ago. A further influence in that direction was the exportation Of gold to Canada, the movement of the last two weeks being resumed with the shipment of $1,000000.
 The money market was affected also by preparations of the heavy interest, and likewise dividend payments to be made with the opening of December. Bankers said there was a fairly steady demand For money for commercial purposes, both in New York and in the interior, and the chief reason why rates had been low was the light requirements of Wall street.
 Bonds became irregular after an early display of firmness. Total sales, par value, $2 .a7S, 900, United States bonds were unchanged on call.