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Show MONEY SITUATION SAID TO BE VERYMUCH BETTER Abnormally High Rates Are" Not Expected in Wall Street; Further Imports of Gold Prom Europe Are Certain. By Thomas C. Shotwell. .v intcinaiionai Xews Service. N'BW YORK. Nov. S2.-Bccaue flghtlni? was resumed In ernesl between Turkey and the Balkan slates foreign exchange wan nM ili?wlmt fir,ncr today and the 'wport movement begun tho nre- , SiIl?' waB lcl?yM- I" the morn-mo. morn-mo. however, slocks were atrong and r,?,m? VS,abJf advances wore reoorded. i.mJi'JJ?0 art0I'n,oon 1110 "si Kold ofr. The undertone was firm ud to llic cloac of JjJay -fi,"d tl10 feline was on but two Baler. The total trading of tho dv mnn-iUntS,,.f lc'?s lhan SOO.000 shares and riff Lthl?,, began and ended on the floor. Tho little nconlo refused to buy and the h g peoplo are not anxious to Kell. Local traction stocks were among tho strong features. iVl04lhei; lla.lf mi,llon was added lo the ibCT ''"i101"1., niuking $1,250,000 taken In London thIB week for Now ork. In addition $1,250,000 was engaged In Benin. Further imports aro expected next week and heavy shipments must como sopn as a matter of course, as the cotton bills carried in Now York on uccount of oxportu are beginning to mature. ma-ture. Tho volume of cotton bills carried in New York this year In beyond all precedent. Small Cash Loss. Known movements of money at home Indicate a small cash loss for the banks for tho week. The money situation, however, how-ever, is distinctly better and abnormally high rates will not be seen. There may op occasional spurts for nn hour or two at times during December, but in a couple cou-ple of weeks easy money will be within tho reach of everybody. Thc money sit-uation sit-uation has delayed stock market oncra-Uon5 oncra-Uon5 and tlm big leaders will bo patient ten days or two weeks longer. Somo of tho Important consumers of steel have taken tho troublo to get prices from leading manufacturers of Europe. They find that nothing can be rained by buying abroad and that thcrcforo they might as well go ahead and place their orders with Tlio American mills. Therc-lorc Therc-lorc tho volume of steel orders continues. contin-ues. Some apprehension is felt bv the nubile nub-ile rc-'arding tlic report of tho commission commis-sion that has been considering thc demand de-mand of tho locomotive engineers for an advance of wages. This report, will be published next Monday officially, but tho substance of It was given jn this column. It giants a Pinall Increase but tho strenuous stren-uous objection made to the commission jugcsls that the award is pleasing to thc railroads. Railroads Pleased. In fact the original information as published pub-lished in thin column was to thc effect that the railroads aro very well aatlhfJed and at that tlmo the decision was known to the big railroad men. Any possible bearish effect of It. thcrcforo, has been fully discounted. American Can responded but slightly to the announcement of thc big earnings for the first ten months of Its year. American Cotton Oil paid no attention In tho market, to Uir announcement that! the same organization that had made such phenomenal success of the American Amer-ican Can and of tho National Biscuit company. lo to be nut in charge of the American Cotton Oil company. There Is no official warrant for making thc statement but It will be well to expect the election of a now president of tho American Cotton Oil company beforo many weeks. Tho new Interests In'th company havo dotrmlued to equal tho record or tho Proctor & Gamblo company, com-pany, with which tho Fall-bank company, com-pany, conl rolled bv tho Cotton Oil company, com-pany, comes in direct competition. Sane financier and good citizens approve ap-prove tho action of tho attorney general gen-eral in abandoning his plans lo prose-cutp prose-cutp tho New Haven railroad for Its deal with tho Grand Trunk In Now England. But It is unfortunate that thc attorney general did not Investigate first and thus save tho government from tho ridicule of all business men and lawyers. |