Show WEEK IN Market Shows Great But Declining Activity New York Nov 16 Financial Review tomorrow will say The stock markets activity has been on a falling seal scale this week and the transactions though still very large have lost the marks of an excited spec speculative spirit which prevailed after the thele le ion On Monday last the trans transaction transactions actions action at the New York stock ex cx exchange change rose to shares an un unprecedented Unprecedented figure but for the first time since Wednesday Nov 7 it was evident that the selling was greater than the buying The was the main cause for the outpouring of stocks though the professionals were to some extent sellers for short ac account account count The industrials which at the close of last wee had begun to take the lead and to show large rises were the chief sufferers their decline being accelerated by the fact that rates of i interest for money assumed a harder tone particularly where industrial stock figured to any account as collat collateral eral The rite firmness of money in fact seemed to influence the entire stock list and the realizing sales were on a much larger scale while the buying power was materially reduced except at concessions The largest recessions I on Monday afternoon and Tuesday I were in industrials but there were no very serious drops save in the case of the American Linseed company stocks which were affected by preliminary ad advices advices vices that the dividend on the preferred shares would be passed an event which actually took place on Thursday The railroad list however felt the effect of for a time and prices were generally somewhat lower al although although though at the depression very good was seen and the standard rail railroad road stocks after holding bolding their at the slightly lower level became strong again and tended to advance under the lead of Pennsylvania North Northern ern em Pacific and other prominent fa favorites In these movements rumors of pending deals such as one of a possible ble Ne acquisition of Jersey Central by bythe bythe the Pennsylvania and other trunk line interests played a leading part The dissolution of the Northern Pacific Vot Yot Voting lug ing trust was accompanied by that a combination of some kind with the Great Northern was in prospect The reports were denied but there was large buying of the Northern Pa Pacifies for London with which center the disposition since the election has been to sell Americans but in the latter part of this thia week the foreign purchases of stocks have rather exceeded the i sales oleg The renewed strength of the railroad list also affected the indus industrials industrials trials hut but the improvement in that division was H as on a more restricted scale the activity being confined to a few leading issues of which Tennessee Coal was the th most conspicuous |