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Show LAST HOUR SHOWS C1K STRONG J. A. Motile & Co. received the Tol-Imvim; Tol-Imvim; digest of financial news over their private wires: Htor-k letter Dribbling lit nidation was effective in e.stabiiHhinf lower levels. Home of the railroad stocks recording 1 new low prices for the downward movement. move-ment. In tho day's news budget there did not seem to be any disclosures of a nature to further intensify apprehension over thiriEs In general, and the declin- I ln tendency, therefore, was ascribed j more to an absence of effective support ; than to anything else. In the last hour . the market exhibited a complete reversal 1 of form in which the carriers gathered conspicuous strength with most issues of this type recovering early los-ses and in ' st ime instances showing not sains compared com-pared with Saturday's finals. There "were no' new developments hinted at in respect re-spect to the railroad situation, although the action of the railroads in the last hour would seem to indicate that events are in the making of a nature to Install confidence in the future status of the transportation lines. The opinion seems to prevail in some quarters, and in which we concur, that action by the president In regard to the carriers will not be long deferred and it is thought that the course of action pursued- will be along- more constructive lines from a stockholder's view. ' , There is no denying- but that the quoted prices of many securities, both industrials and railroads, are selling below be-low their Intrinsic value and while, of course, spasmodic periods of liquidation will occur from time to time, still the pessimism of the present day so much in evidence in some quarters may be transformed trans-formed overnight through the developments develop-ments of constructive disclosure which may be evinced when least expected. New York Curb Letter Trading- was generally quiet on the curb with the majority of issues fluctuating within narrow nar-row range, but as a g-eneral thing the market showed a heavy tendency, due in part to the liquidation, which is usual at this season of the year. Interests in which bankers are concerned held fairly well with trading generally around the level which was established late last week. The oil stocks generally 1 moved within a narrow range, but Houston Oil w7as exceptionally ex-ceptionally strong, continuing its upward movement, and was traded in fairly large volume at 26V2 to 2$i. Other oil stocks held close to Saturday's final prices with Midwest an exceptionally weak feature. Aetna Kxplosives was steady, trading in that stock being unusually small, amounting to less than 3000 shares at 7 to 7. Wright Martin was also traded in and held at 5 and 4-L Submarine Boat declined from 11 to HVi. Mining stocks generally quiet. Twenty industrials, 67.53 off 1.12. Twenty rails. 73.18 off .SO. Western senators, who have been conferring con-ferring with Director of the Mint Baker with reference to stabilizing the price of silver, are confident now thart the price will be fixed at $1 in purchases made by the American government, and probably for the allies. October gross of the Chicago & Northwestern North-western railroad increased SS77.393 over a year ago. but net after taxes fell off $57,091. S'urplus after charges decreased 5420520 for ten months gross is $8,965.-789 $8,965.-789 ahead of a year ago, but surplus after charges is $2.67S,6i7 less. Chicago Tribune Production of New Cornelia Copper company for November is estimated at 4,000,000 poffnds, produced at a cost of about SMc a pound. Operations at the Inspiration Copper companies are now about 50 per cent of normal. ' |