| Show FAILS TO RESPOND I II I To Tn ORE DEAl DEAL Market Shows Little Litle Interest S in Factor Already 1 Discounted WEEKS WEEK'S EVENTS FAVORABLE Splendid hi 11 Si Situation I i Holds of Cr It t I New York Oct G The Tho Tho stock market market market mar mar- ket did not respond with a great deal of or enthusiasm today to the lie publication of oC the time official terms of ot the lie Great Northern ore deal announced after aner tho the close of or business yesterday esterday As It I happened happened hap hap- pe however the thin official announcement announcement announce announce- ment mont revealed scarcely anything that was absolutely new but merely placed placeda a stamp Saml of authority on what has been ben known In the financial community Corat for Cor forat forat at least a month The steel shares Ies however acted t acte-t very vely well ivell wel and anc although the common lost about half bait a point net Gr Great Groat at Northern preferred after gaining 1 I 3 4 In the early fell CeU t 4 41 2 1 2 1 per pel cent arid antI Northern Pacific declined de tie- teI te- te I dined t two to o points Old shares not directly affected In any way by the ore deal pal moved Irregularly free Irre with wih declines of ot from 1 2 1 to two per item Jer cent recorded in tn most of the time speculative lenders leaders latler Further consIderation consideration consider consider- aton of oC ye yesterday afternoons afternoon's announcement an nn- of an ati authorized Increase of St St. Paul stock did ll not result In bullish senti- senti on that Issue Isue but on the contrary contrary con con- the price declined 2 points Pennsylvania 13 n. O. O and amI Southern Pacific sold down loWn 4 3 while New York Central lost a full point Union Pacific Pa Pa- after early strength reacted 1 4 11 4 1 an and continued heavy Erie I was the strongest feature of the railroad railroad rail rail- road 1 list t and advanced I 1 8 5 on what ant was regarded as excellent absorption Tho The bulk bul of ot the time gain was retained to the close Among th the specialties General Electric made a sensational rise of or oven 7 per cent and New York Air All Drake Brake advanced about 3 points The Tho copper shares were decided decidedly firm firn Hank Batik Statement ni The rue bank statement was wa of or a disappointing disappointing dis dis- appointing nature natum-e. Instead of ot an In Increase Increase In- In crea crease e In cash of or nearly nearl a aIn ac In indicated by the time known movements of money the time clearing Ing house returns showed an actual reduction m In the thc re reserve reserve reserve re- re serve Item Iem of oC nearly neaily and the surplus was curtailed to the extent of ot Although tho the exhibit was rally generally en Ialy recognized m as not t reflecting re ye- fleeting the true ue condition of oC the banks s. s nevertheless It was tal taken en as a bearish factor and following Its publication pub pub- the time marl market et weakened The rime decline was subsequently Interrupted but a fresh selling movement started within the last few minutes of business bust busi ness nes which led cart prices close to the lowest level le el of ot the day A few of the substantial gains specialties retained gins but the tho general enell market left lee oft off or weak Government bonds were unchanged Railroad a bonds were vere steady Tho rIme range of oC prices was us ns follows Open 11 h. h Low Close Copper 1 lH Am Car Cal and Fm 43 1 5 45 51 1 IK Ammi Am Locomotive i- i 74 7 74 7 4 I Ammi Am S. S and Ref ReIs 5 15 15 preferred 15 15 17 1154 Am 81 Ref Ree 11 13 Ann Mimi Co 21 2 21 AtchIson 1 I Q 1011 B. B and O. O J. J 1 13 l n B H. H r. r S ia Can Pacific lis I lS' lS C C. and O. O 62 6 62 2 62 G Chi Gt Ct West 19 1 19 1 18 IS C C. M. M r mind and St. St C C. 1 F anti I. I 57 5 37 5 C C. on and 11 S. S 10 IO 40 10 to 40 40 Erie 17 S 46 IG 48 Irle 1 1 preferred 7 iti 7 jl 2nd n preferred iO 70 n 71 70 0 O G Qa 1721 liS 1 15 I T. T nn timid N. N ln 17 1 i tex fex Central 2 22 2 11 days 10 at 10 at 9 c 20 at OTc file c. c IW 10 a at t Sc 4 South Colum Columbus us CO at ft Sic Wabash a 10 a at t SOc We Shares Shorts sold fold ISOO Value 20 OPEN BOARD AJax W at nt c KO 5 at 1000 10 at 2 c c 1 1000 1060 at ic 1000 10 at c. c Bel heck Tunnel funnel l. l at file Ye Columbus Con Can 10 at GS Carisa lOCO 1000 JO at SJ 3 f e 15 at lOc O C. C a at t 40 40 Ac c. c c Daly laly J Judge l 3 t at 1112 S Little Lite Chief 1000 10 nt ut lIe 3 Ix Lower Mammoth 1000 1003 at c. c at lIe Ontario I at Silver SI er I King 2 at 2300 Couth Columbus COO C at nt S 3 at Gc 2 at K Wc c. c 2400 at COc GOc c. c 1 1000 at rc I nt at It 1 Victor 50 at Kc Yankee Yankee- 1 1000 at 39 3 c. c I Shares sold suld Value Mo Io Pacific SS SS 83 53 88 OS n. n M. M 11 K and ant T T. 35 SC 8 0 t N NatI a U. U Lead Lend 78 73 78 73 77 m 77 N N Y Central Contral 1 1 13 Th N. N Y 1 O. O and W. W W. W 4 1 4 4 48 Norfolk and W. W 97 9 37 07 9 96 O SC 9 j 14 Pennsylvania Hl He P Peoples People's ople Gas St i M 59 Reading Rending r 15 Rep Ref Steel Steel 89 3 39 3 38 14 SM 3 preferred SD 9 89 59 9 lEt ff Rock l Island Inland Co Co 29 i 29 2 preferred 63 C C C CS rn Pac 95 03 93 9 94 Dl I Southern Ry fly 30 Y CC t 3 aH Tenn renn C. C and I. I 1157 1 I Texas anti and ant Pac Pee 39 39 3 39 3 Union Pacific 18 17 18 1 U. U S. S Steel 4 49 1 19 m 1 15 li IS' IS pr preferred lD lO 10 07 I Northern Pac G 2 P of I Weeks Week's c Trading The Time principal matters maters that have haw come before beCore tho the attention of or tho the financial fin fin- fn- fn ancial community this week are 11 the progress of ot the political campaign In New York state tte the time easing of oC th money situation the declaration of oC a D smaller maier Increase than many had ex expected cx- cx tx- tx In the Atchison dividend and amid the varying reports on the negotiations for tor leasing the Great Northern railroads railroads' railroads railroads' rail rail- roads' roads ore ole lands to the steel stell corpora corpora- COIra- COIra ion tion ton As influences on the stock market market mar mar- ket these things have hav been ben Vl very conflicting conflicting con con- and there have been times time when prices have wavered and antI times when then trading has grown dull dul denoting denoting de de- te- te noting perplexity and an unwillingness to undertake fresh ventures But nut on the time whole the week wok has ha been beet more favorable than otherwise to the side of ot rising prices The market marlet has hm moved i-i-moved within a narrow range but mo cc commitments for the thc rise have generally gen gen- cn- cn I oraly been found more profitable than commitments tom for time the decline an and the time active traders are arc ready to testify that selling stocks short is Isery very ery risky and often oCten very ery expensive that nothing so disquieting has yet appeared on time the thC financial horizon that when matched a against the time splendid facts of the lie business business busi busi- ness nes situation Impels Important hol holders holders hold hold- ers of or stock to sell Assurance Is al almost almost nl- nl most complete that the difficulties and perils peris of a month ago in the monc money market have ha disappeared H for goo good an and amid i all al Craze o for fOI Mining llin Share The fhe veritable craze for COl speculation in mining shares reflected m in this weeks week's curb cut marlet market Is a matter mater tutu that alls ails for fat serious sellous attention for COl the mad rush al of oC tho the public to buy low priced mining Issue Issue- that hint they they know little or or nothing about about- can hav j only tn ending end ond- ing Ln and one that may have an an un unpleasant un- un pleasant reaction on the time general financial finan cial position On the tho other han hand It i I J is more mom mOle agreeable to note tho the markets in other channels channel I The rhe PIe Presidents President's Harrisburg speech on an Thursday wh when n he reiterated his n than ever on the i s vs WS mote more strongly ly of oC Government nt regulation of corporations and fora Cora larger supervision super super- vision Islon of both private private- and corporate corporatE- wealth did n nut not t affect tl the lie m market as at greatly greaty as was expected |
