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Show HOLDERS OP SECURITIES ARE NOT EAGER TO SELL They Are Strongly Intrenched on Big Margins md Are in a Position to Take Their Time By BROAD AN WALL B e aoaNews Serv ce NEV -von Nov 30 Except for a tew spec a es pr ce fluctuat ons in the s ock mar et today were un portant 1 ad n was quiet and most y for the account of profess onals who cont nue to bear the ma ket n he hope of br n Ing out s ocks Ho ders of securi es, however a e unw ng to seU The bear trade s apparent y forget that the specuative pub c that are in this market were forced to buy on la ge mar g ns Being strong y int enched with b g ma g ns the profess onals shou d not be surprised that the r efforts wh ch ha e resulted in but s Uht dec nes fa 1 to br ng out stock Comm ss on house managers bel eve It wi 1 take a substan tla react on to cause the present rank and f e of customers to se the stocks In t al pr ces dlsp ajed stead ness but overn 0ht changes were sma 1 and un important A sagg ng tendency devel oped shortly after the opening Alaska Gold attrac ng attent on w th a new low price for th 3 movement Flash of Strength ' Union Pac fic d splayed a flash of strength and subsequently dropped be ow 140 A better tone pre a led n he lat ter part of the forenoon but standard Issues fa ed to show any marked m provement Whisky stocks American Can shares and o 1 ssues were promi nent In the afternoon The cose was firm Can shares were h g er In expectation that the d rectors at their meet ng today would take some act on re atlve to pay ing up he back dividends on the pre f erred The ommon at one time showed a ga n of 2 points and the preferred 3 Persons close to the Can inte es s however laid that the meet ng was held primarily to confirm the J10 000 000 war order recently rece ved and that act on on the arrear preferred pajmen s Toud not be taken unt 1 Jan ary Es abl sh ment of the preferred at a new h sh rec ord today seemed to lend co or to th s statement Although t e rails did not advance they ma nta ned a f rm tone October ra 1 oad earnln s announced were favor ab e Er e reported an Increase ln gross of $1 028 409 and a ga n in net of 51 215 185 Canad an Pac f c s gross increased $4 160 28o and Western Marjland i 10 910 Match Stock Higher D amond Match company stock was ac t e and h gher Buj Ing of the shares today was largely for the account of Hartshorne and P caboa This f rm has issued a spec al letter on the stock In wh ch It is sad the company has cal ed for redemption 1 s 6 per cent convert b e debentures of which there were Jl 9,5 700 outs andlng a year ago It also adds that the retl ement of these bonds wil increase tl e amount norma y available for dividends by 2 per cent. The stock the circular points out is a sea soned dividend payer and now pays d vi dends of 6 per cent regularly with 1 per cent extra Reference Is also made to the fact that E R. Stettonlus former president of the D amond Match company Is now in cl arge of Morgan & Co s war o der department Locomotive was strong early in tl e day but weakened ln the late afternoon c oslng with a net loss of about 1 po nt. Reports were current that off c als esti mated earnings for the f seal year ended June 30 at 60 per cent on the stock. |