Show CONDITIONS A ARE E PECULIAR P CU LIAR H WaH wl Wai Street reet Speculators Are Somewhat Timid i SUSPICIOUS ci s OF EACH OTHER f r HZ nl THE TH Jn MEANTIME PRICES CON CONTIE TO GO DOWN D TIE W 4 t New lew Y rk Nov 13 Quite violent ad mi advances 01 vances at the opening of stock market which were somewhat exceeded by a rally rIy from a subsequent reaction entirely melted meled away before the close which was wa weak and at net losses reach reachIng reaching Ing ins a point for some of the leading speculative stocks After the heavy de do declines clines of the last days reassuring reports this to the morning moring as a adjustment of ot the te troubles affecting some speculative accounts account and an absence of In Inthe Inthe inthe the the money market market the refusal of the e market marke market to stay up was something of a surprise After so considerable a reaction involving InvolvIng ing log the creation ceaton as a matter mater of course coure of a s large lare short shor interest a rally is to be expected if it only from technical causes It I wan the short Interest which caused the opening spurt spurt The he development of a growing owing demand to borrow stocks stock In the loan crowd last lat night revealed the growth of the te short shor Interest Interest and this mornings morIng reports of ef r large transfers of certain stocks at private sale which served to revive overextended long Interests caused a fear among shorts short that they the were becoming over amonS extended The high level of prices price at the tho opening o proved inviting to t the traders trader who have bought at the declines It I became evi evl evident evIdent dent also that the substantial buying which h was as the feature yesterday was as lost lot lotto to the market at the higher range ot 01 prices For the rest ret of the te day in conse consequence consequence quence there was a crumbling process which ended at the last with wih quite Quie a sharp break break It is a notable fact that tho the heavy transfers of various stocks stock which are ar going on give rise to no further rumors of pf possible change of control such as s affected nearly every prominent stock a few months ago Nevertheless as 85 is obvious for tor all aU the selling of stocks that is going on there are purchasers purchaser This T ts condition is in in strong contrast with wih that which set the financial powers Dower to to devise methods method to avoid the danger anger in leaving a railroad out over overnight overnight overnight night as was vas a picturesquely said by the themo mot most mo t prominent financier in the country countr At that time competitive buying or the fear of it pushed prices up to unheard of or figures Where there was no such su h actual tere buying insiders bid up the prices to dis discourage discourage discourage courage such buying No more striking evidence could be found than the present indifference on this account of the over overextended overextended overextended extended condition of holdings holding and obligations Capitalists embarked In new have hae all aU they can do to care for these thee without making encroachments encroachment upon the control of other properties As Asa Asa a consequence insiders Insider view with wih equa equanimity equanimity the declines in prices of their properties In fact it I is strongly sus suspected suspected suspected that in more than one on case the insiders connive at such declines as their rivals for control are believed to be trying tring to sell out their holdings holdings A falling market is calculated to precipitate tate late tate such a process affording the con controlling controlling trolling interests opportunity to consoli consolidate consol date their control The fear fer of such measures of retaliation and of discipline between capitalists as the outgrowth of former forer encroachments encroachment upon their property in an effort efort to wrest control has bas not had a little to do with wih the he timidity of operators about coming into nto the market again and nd taking on new newS lines ines There was wa no actual development of Importance to account for the move movements movements ments meats in the te days market beyond the shifting of speculative sentiment sentiment Bonds Bonda were better bet sustained sustained than locks and retained a part ar of their t gains Totals sales United States 25 2 and declined and the te Zis and old and Ss 58 advanced it on the last call cal Bond Quotations Quotation U 13 S 3 ref ref 1 Ci 2 iO ACo V L Ii fc N u Do coupon lD Mex ex Cent Cent 4 80 8 U S Ss reg rul 1st inc 26 2 Do coupon 10 Ml M St StI L U S Sn n 48 MW m K K T 99 Do coupon COUDOn M 11 K K T 2 81 8 U S o 0 45 N Y T Cent Cent is en 3 Do coupon General rl 10 U 11 S Ss reg N J C gen Do coupon 1 Nor Pac Fac Pac 2 72 Atch Atc gen sen Nor Pac 82 8 Adjustment 91 Nor Western B O 0 4 consol 45 1 B O 0 94 Read gen sen en 45 97 10 St L Iron Irn l s sCan Can Jan So consol C of G St St L S F 48 9 1st inc 77 7 St St L S W V is 15 97 9 C O 0 St L S W 25 2 85 C A A 3 s 80 1 San sn Ant At Ara Am A C B Q n 95 Pass 4 86 8 a C c M 1 st S1 P So Pac 93 9 general 45 U So Ry B Ss 55 18 C N W con consol Tex Pac sol aol sl 13 Tol St St L LW LC LC C R R I P W 73 79 7 C G C C St St Union Pac 41 L gen een ds Cony C nv 10 Chic Chic Term Te 87 S Wabash Is I Cob Golo So 92 Wabash lO D 8 R B G Debenture B 77 71 7 Erie p lien Hen len 97 91 West Shore Shora General Generl As 84 W L L E 45 92 9 Port Fort W Den Wis Cent Cent 91 City is 13 Gon Con Tob 4 64 6 i Hock Hock Val Stock Quotations Atchison Atchis n 82 8 So o Railway 33 3 Preferred 98 Preferred 91 01 B 0 T St L W 29 Preferred 93 Preferred 46 Can Pacific Union Pacific Can Southern Souther 81 81 Preferred 89 83 Ches Chest Ohio 45 4 Wabash 51 I IChic Chic Alton 32 Preferred 44 HI Preferred 70 W L E Ec 26 C c I L 75 7 preferred 35 Preferred Pr t 91 01 9 Wis Central 25 2 C E 1 12 Preferred 49 C G W V 26 26 8 dams Adams Preferred A 85 8 An Preferred B 39 3 U J S Express C N W Wells Well Fargo C T T 18 1 mal Amal Aal Cop COD 55 5 Preferred 33 3 Ama C F P FC 34 C C C G St St L 95 95 Preferred 89 S Colo Cob Southern 29 2 Arnn Lin Lin Oil Ol 17 1 1st preferred 71 7 Preferred 41 4 2 preferred 44 Ama S R B 42 Del Hud Preferred 92 9 D L W Ana Ana Mis MIl Co 87 S D B R 11 G 41 Brook Brok Rap flap Rp T 53 55 5 Preferred 89 1 Colo Cob F I 18 Erie w 34 3 Con Gas 24 1st preferred 64 6 Cont Tob preferred re 48 Gen Electric Ct Gt Nor pith Hocking Coal 19 Hock Valley Vane 89 Inter 18 Preferred Pr 88 8 Preferred 71 i Ills IUs Central 14 fater Iter Power 62 6 Iowa Central 39 3 Laclede alede Gas 75 Preferred 67 6 Nat Nat Biscuit 44 4 Lake E Wo W 52 Nat Lead 25 2 Preferred 18 North Norh L LLuis Louis Luis Pacific Coast 70 Manhattan L 13 Pacific Mall Mail Mal 39 3 Met Met St Ry 13 Peoples Gas Ga Mex Central 23 Pressed S Car 59 50 5 Mex National 16 Preferred 91 M 1 St S L Steel 19 1 Mo Pacific Preferred 71 M 11 K T 26 26 Sugar 14 Preferred 57 51 Tenn C I 57 N J Central Union B P 1 12 N Y Central Preferred 77 7 Nor West Vest 70 70 U S Leather 12 Preferred SO 00 0 Preferred 8 83 Ont Ont West Wet 30 3 U S Rubber 16 Pennsylvania 15 Preferred 52 Reading 56 U 71 S Steel h 37 3 1st preferred 84 S Preferred 84 8 preferred 71 West Union 88 8 St L San F 74 14 27 2 1st preferred SJ 83 S Preferred 91 preferred 71 i K C Southern Souther 31 3 4 St L IL L S W t 27 Preferred 52 Preferred 63 61 Rock Island 47 41 St St Paul 16 Preferred 77 7 Preferred 92 So Pacific 63 6 Total sale Tex Tex Pac 42 |