Year: 1877

SUNDAr, Sept 1911.


Although the wires that connected Saratoga and the
"street" were kept pretty busy in the carly part Of
the week, there vory decided let up OF pressure
toward the close. The waters in their junction OF
coolcg the blood OF the magnates OF the market who
taking their In Saratoga inns, seem TO havo
tho time toned down their appetite for specu
iatlon the last three days have shown plentiful
lack oil that quality Possibly this state Of quetude
would have been established earlier had not the dis
reputable explosion OF the Chicago Savings Bank,
the that tho sparks might occasion tho blowing
up of similar institutions, given rough shaking TO the
stock market generally This particularly felt by
the Western railway shares, IL beng argued
that panic In Chicago would breed Tou-
bic here, and that the result must be
heavy pressure TO sell this class Of securities Some
OF tho tinid bulls made mooncalves OF themselves by
acting upon this notion, but they were not half so silly
the BEARS who happy cubs IN the belief that their
day of deliverance had arrived, fell quickly INTO the
trap which turned had been set for them. Never
tneess what with sales for tho long account and sales
for the sho It account. tho market IN tcklsh
position as tho Six Hundred between the Russian bat
teries and bulletin of KILLED and wounded brokers
might have been iamentaby great as that at Baa-
xlava had not the for alarm subsidized almost
quickly they had arisen. There was scare enough
however, to carry down prices from / to per
cont the greatest decline being in the railroads with
termini ut Chicago other Western cities and the
least in The miscellaneous shares OF these latter
Western Union, although 1t stood to lose
at time some ga per cent, ultimately
recovered tho major part OF the loss In ac tho de-
cline was to the accomplishment Of tho con-
sodaton (which has for the present dried up all the
springs speculaton and to the appearance Of con-
siderable lots Of investors stock than to the bank
troubles at Chicago. From the nature OF things West



lami.y and puts money in its purse after the manner Of
an army contractor in war times or an undertaken
during pestilence Just now It proposes TO better Its
reccpts by raising its rates, which sufficiently
understandable process; Mr. Orton is reported, how
ever to say that the OF teegraphing will thereby
be cheapened, which is contradiction as difficult or
solution the iorty-seventh proposition OF Euclid
sI SO be" however, as Captain Cutie remarks, why
not give still further hoist to prices and let the
public enjoy the benefits which needs must follow?
The Chicago volcano turned out to be mole hill, after
all, a fact which, bong quickly appreciated by tho
bears sont them 10 market to cover their stocks,
wh,lo the bulls turned IN to help them The result
was general restoration OF both confidence and higher
figures although the latter did not regain tho top notch
scored at tho opening aud only remained steady for
the rest of the week. In the latest dealings they
vere indeed, scarcely maintained, and the market
closed excessively dull and featurcless. Gold weak.
ened under the government sale of 81, 100000 ard
interest dieburscments Money was loaned on coll at
stiGenipg rates, which ranged from to per cent.
On Saturday 1t to be had for g. from the desire to
obtain two days. interest for unemployed funds The
surplus bank Is $l1, 79S OPS, or nearly ex
acy one-hat OF what It was last year at this time,
and shrewd judges Of the subject are putting their
houses order against a strngency, which they be-
lieve came fail to occur.


TRANSACTIONS THE WEEK


Tho following table represents the opening highest
and loves, saes regular way, of the principal stocks
during tho past week, together with the number OF
shares dealt in