The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-09-01
NARROW RANGE
IN STOCKS TODAY
Chief Demand Came From the
s~horts-Buying Was From
That Interest

New York, Sept. Following .
sharp rise at the opening of the
market and q subsequent recession,
stocks were kept within q narrow
range today. Trading was aimless
and traders we're Indifferent. The
chief demand for stocks seemed to
arise from the short interest and
buying from that side Of the market
was largely responsible for the OPEN
ing advance, in which q number of
important issues gained from 1 to
2 points. The demand ct a higher
level was so limited that the market
gradually fell back. During the day
there were several small movements,
arising usually from efforts of bear
traders to bring on q renewal Of the
decline, but they netted SO little that
the session ended only with a few
changes of importance.
Pressure was again directed against
Lehigh Valley to. q marked extent,
and at n time during the day the
stock fell three points from the high
mark of the session. It was said in
explanation Of the heavy selling in
this issue during the last two days
that the holdings of a large interest
in the property had been thrown on
the market. Later in the day Anal
bamated Copper was attacked in
much the same manner, relapsing
nearly 2 points. The similarity in
the two movements gave rise to the
belief that both we're bear raids, IN
tended to facilitate short covering.
Lehigh Valleys bottom price for the
day wat the lowest Of the year.
A sharp advance in the cottoS
market was ascribed to expectations
Of an unfavorable showing Of the
governments forthcoming cotton re-
port, which was foreshadowed by
private advices from the south. The
movement apparently found no re-
Election In the stock market.
Securities Of both the great cor
porations, against which the supreme
court entered decress in the anti
trust suits active today. Trans
fer books Of the Standard Oil COM
pany' closed today and transactions
in this stock in the outside market
were consequently for cash only.
An offer was made of 80 for the
stock "ex-subsidiarfes" but traders
refused to deal in the issue on those
terms until a better opportunity If
presented of determining their value.
Various plans were afoot today to
prevent violent fluctuations In quo
tatfo4s tomorrow, but at the close of
the day It was uncertain what course
the trading would take. American
Tobacco securities we're strong
throughout the session. A favorable
inference was drawn from announce
ments that the courts had sanctioned
a plan whereby the company would
defray expenses of the re-organi1a-
lions committees.
Cattle Market.
Chicago. Sept. Close: Cattle.
receipts. 1000; market, weak to
shade lower; beeves, $5.O0@S.00;
Texas steers. $4.40@6.30 western
steers, $4.00@7.00; stockers and feed
ers, $3.00@5.50; cow and heifers,
s 2.25@6.25: calves. $8.0o@9.00.
Hogs-Receipts. $1,000; market,
weak to SC lower than yesterdays
average; light, $7.10@7.65; mixed.
$6.95@7.65; heavy, $6.S0@7.55:
rough, $6.s0@7.O0; good to choice
heavy, $7.00@7.55; pigs, s5.0o@z.55;
bulk, $7.05@7.35.
sheep-Receipts. $4,000; market,
strong, native, $2.OO@3.6O; western,
s 2.25@3.60; yearlings, 34.00@4.9o;
lambs. weak, native, $4.00@6.55;
western, $4.50@6.60.