OCR Text |
Show dealings' I rs "stock market LARGELY PROFESSIONAL Initial Prices Show Strength, but the Range Is Narrow; Wilson's Message Cuts Figure. By BUOADAN WALL. By liiterunfjonai Nuwk Sfrvico. NKW YORK, Nov. :!). Iipulinss In (he slock market today ere largely proi"ns-sion;il, proi"ns-sion;il, ;i nd yjvirn changos wt-re conijiara-livf-ly iininii oitant. Altliou'h many uvn di-sposffl to Irjuk for iTH.'tlon in tlio gnn-'i-Hi list, iiolilf-is of siorks manifest a de-aim de-aim to ko-T their holdiiiKS. Initial prices showed strength, but exhaustion ex-haustion of the buying orJer.s thai ae-ciiinula.tt-'d ovor .Sunday was followed by a slight, recpssiou in market values. Prices moved within a narrow range during: the for" noon, but sliowed slight improvement during ihe noon hour. In the laic afternoon after-noon an easier lone nain developed. Motor Mo-tor shares wore in demand throiibou-t. General Motors touching a new high priee and advancing 14 points, while Willys Overland rose more than f poinl s. Wait for IMessage. Brokers declare that the comparative dullness is due to a disposition to await publical ion next wek of President Wilson's Wil-son's message to congress. Believers in rthe bull market think that the president will come out in favor of big bus! ness. This, they say, would add to other bull factors which are an enormous steel business, busi-ness, a record-breaking turnout of copper, cop-per, cheap money, increased railroad earnings earn-ings and general improvement in ail classes of trade. New financial plans are said to reflect the confidence of the im-poriant im-poriant rail road beads and financiers in a continuation of u good mark ex for securities. se-curities. Metal stocks "were active throughout. Inspiration was tiie leader of Ihe copper group and sold with in a fraction of its previous high record, but eased off in the lar.e dealings. Silver sha res batopilas and Ontario Silver were hicher. owing to the continued advance in the price of silver. Cold stocks, however, were under pressure. Loans Called. Owing to the necessity of paying the 30 per cent installment upon the $4s0,000,ni)0 Anglo-French loan today, money brokers reported that several banks called loans on the floor of (the stock ex-change. Although Al-though payment of this installment calls for J144.O00.OU0. the call money rate failed to advance. Money brokers expect the weekly batik statement to show decreases in cash until after the Christmas holidays, reflecting the usual withdrawals by merchants mer-chants in preparation for the holiday trade. The public demand for bonds seems to be less active. Prices of those high-grade issues which were recently most active and scored substantial advances eased off slightly today. |