| Show EXCESSIVE ACTIVITY IN SPECIAL STOCKS CREATES REACTION while specialties are at highest point profit taking operations are started yew york nov 28 speculation in some special stocks attained unusual violence today and the general market in tho laatch part of the day showed signs of weariness sn consequence of these excesses and yielded quite generally very heavy t ans was going on in the midst of the most excited advances of the specialties tho southern iron coup and the metal in attracted the larges share of speculative activity tennessee coals of 53 4 supplemented a also of over 11 points yesterday leads jump 0 9 pouts vas only ly in excess of the rise achieved in yesterdays market abo dealings in abeso two stocks were confused contused cont used and feverish to the highest degree re potted that prices be apart nere paid for them at the bamo moment on the floor of tho stock ex change while bro liera with orders to buy at the lower quotations and those with orders to sell at the higher quotations being made found it equally impossible to execute their orders lu time one after another stock in the list of obscure industrials was taken up and put through somo cess as this although none mado aulta mercurial fluctuations as the two named sudden advances ot 4 iu american woolen between 3 and 4 in costol all locomotive preferred anaconda ice and united states pipe and aver 3 points for virginia carolina chemical colorado fuel gloss sheffield steel railway steel spring and woolen preferred offer concrete examples abd tbd latter reaction in the market made wide inroads in these advances and carried the average level of prices else chero well below last night the most conspicuous example of strength among the standard stocks waa st adul with its 31 8 point rise reiterated rumors of an early issue of jt treasury stock to stockholders and the extension of its on the pacific coast were faed again to stimulate the speculation lu the stock attention was attracted to the money situation by the heavy transfers to interior points through the cub treasury and by an engagement of gold at the aub treasury which waa suspected to be intended for export chicago exchange also returned to par the daab report of the sub treasury operations showed a loss banks to the institution sinca bank statement 0 with a credit balance at the clearing house this morning indicating a stil shorter absorption ban fran cisco took another million doi lars with of a possible fui requirement bonds were irregular total sales par value united beatea new as registered declined 18 1 8 tho as 31 3 1 and the old 48 12 1 2 |
