| Show DEALINGS LARGER SCALE I Better Stock Market Now That Election is Over 4 DEMAND FOR INDUSTRiALS CLOS WAS AND BE BELOW LOW BEST PRICES NewYork Nov election stock market the election itself In Inthe the fact that it offered small chance for distinctions and contrasts Th strength of the became general and well and the rose to a larger aggregate than for any day since the panic on May U 1901 I There was a heavy outpouring of Stocks during the fIrst hour jy who had bought in the past in antici of the larger demands that tollow the election and the market re reacted acted to near Mondays close In the thelast last hour there aas the usual to realize profits on the consider considerable able advances of the day But the movements at at demand fOr securities and the speculative strength displayed by bythe the market Another change was in inthe the temper f the latter speculation as compared with The most feverish movements at first were among the Industrials some of the Issues being conspicuous and they suf suffered most materially in the realizing of the first hour After that they did not return to their first prominence The opening rush In tLe securities of this class was in pur pursuance of the campaign inaugurated late last week In them on the assumption tion that the revived speculation after the election would turn into nes channels But the enlarged demand which poured into the market today seemed not to be inclined to rush into all grades of securities without dis discrimination crimination and without regard to the earning power The later market showed notable of demand to establish and to standard railroad stocks The United States Steel stocks were not from this tendency and their opening prices proved to be the highest of the day Th close blance of tha opening dealings in the two stocks pointed to concentrated pro professional operations SoUthern Pacific Reading Rock Island and Erie became aggressive leaders of the late move movement ment in the railroad list There was no specific news to account for theIr strength The days news was very lit littIe tIe regarded outside the there was not much of it of Import The money market partly unaffected by the arrangements for further gold shipments to the re to par York exchange at Chicago requirements for in speculation the announcement of the here of a haI a Japanese loan of and the Intimation that government deposits to the extent of will probably be from the about Dec 1 exchange was but the Bank of Germany made a good return sterling Berlin The price of gold was marked down In London and the impression was created that an ad advance vance in the Bank of England discount rate will be avoided tomorrow The stock market closed irregular and be beSlow Slow the best prIces The bond market was very stron but the largest dealings were inconvertible ible Interest bearing issues Total sales par value |
