| OCR Text |
Show WALL STREET DEALINGS SLOW NEW YORK. Nov. IS. There was a heavy shrinkage today in the proportion pro-portion of the dealings In V. S. Steel r.nd Union Pacific to tho aggregate volume of the market. These stocks, together with Reading, furnished the medium for concentrated speculative operations which had become so conspicuous con-spicuous as to arouse suspicion. The discussion has become eo insistent as to come under official Investigation today to-day on the initiative of the brokers concerned. The absence of any official censuio had the effect of removing some of the uneasiness which had begun to develop. de-velop. The growing ease of the money market was an effective factor fac-tor ni favor of the advance in prices. The average of the cay's call loan rate fell below 3 per cent. The reports fiom the banks today on the week's cunency movement disclosed dis-closed that receipts had outrun shipments ship-ments on the Interior movement to the extent probably of over $r.,00 ),000, while the dithdrawals on sub-sreasury operations amounted to only $1,040.-000. $1,040.-000. There was a further decline today to-day In the private discount rate In Iondon. Repotted buying of copper In the domestic market explained the strength of ih? copper industrials. Bonds were heavy; total sales $J.-350,000. |