The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1911-11-15
FINANCE AND REALTY

Fair and diversified activity at steady
prices and some slight advances marked
yesterdays session OF the stock exchange
Electric As and Railway common were in
demand at advanced prices. Railway pre-
ferred and Capital Traction stock eased
OF.
Particular interest conferred in the con-
tinued ascent to its former high level Of
the Railway common stock. Yesterday
43 1-2 was the trading level for more than
200 shares, although Monday the high was
43 IA, with most of the trading at 43 Is
Yesterday the bidding held at the high
figure some time after offering ceased.
There was a good deal of trading in
Traction warrants at the same level, 9. A
5000 Gas bond sold at 10 Is. Lanston
was still strong at 80 81, and Gas ranged
between 81 and Sc 81
New York Situation.
The condition of and prospects for the
market in New York are epitomized IN
a symposium of opinions recently gotten
together from big financial houses of
Gotham. The gist Of these opinions reads
something like this:
There has been no improvement in
fundamental. There has been some i'm
provement in market sentiment, but It
has been created and is industriously Gull
tivated by those who are DESTROYS of
tightening their own loads. An improve
ment in the steel industry is reported not
only in private advices, but also in the
semi-oficial organ Of the trade. At this
level considering the violent rise, 1t is
only natural to expect some sagging ten
dency. due to profit taking. General con-
the political agitators, and It is only in
those places where conditions have been
extraordinarily good that business is up to
the mark.
The advance. Of the last two weeks has
weakened the technical position of the
market, and most thoughtful advocates
of the constructive side would welcome
a good reaction. With the converting OF
Congress 1t seems as though such a re-
proYement will show itself in the near
future in the efforts OF the probably I'M
precedented accumulation Of idle capital
to find profitable employment at the low
range Of prices now current IN the in
vestment market. Stocks should be
bought on all the setbacks, and that
prices will be from fifteen to twenty
points higher before the middle of jan
uary, as the investment demand at the
Gnu VI lLc year pTOUlASeS 10 De up 10 Ine
normal In some cases II Is reported that
the avalanche Of covering and new buy
ing from outsiders have in some cases re-
suited in pools temporarily losing control
Of immediate market fluctuations in GER
tain active stocks. Low prices, especially
for cotton. steel, iron, and copper, have
called forth more orders. Exports con-
tinue in heavy volume.
1t seems to be very generally believed
that a substantial volume Of outside capt.
tai is actually finding its way into stocks
The mining industry of the present day
IS on a strictly legitimate basis, and IS
conducted as methodically as the business
of any insurance company. A general
improvement in sentiment is found in
nearly all OF the brokerage Offices through
out the country. This reflects the opinion
of the investment community, who are
waiting for a moderate reaction to pur-
chase stocks.