Rally After Early Irregularity:
Standard Oil a, Feature ODN, SPECIAL service New York, Sept, 11.
Leaders ai the New' York Stock Exchange rallied to-day after call money reached 7 per cent. following yerterday's jump to 10, says the daily report of the Bow Jones Financial News Agency. nating, ete predicted on the main list, after early irregularity, and they materialized.
Short covering was a factor in the advance. Another favouring factor was the fact that brokers toned down their advices, giving clients their opinion that "no wide beale was to be expected for the present.
Many investors misinterpreted recent warnings to play the market cautiously and unloaded—their holdings precipitately, to their subsequent regret. It is expected that in these quarters there will be renewed buying.
Discrimination in buying is still evident, but confidence appears to have been fairly completely restored and danger of a sudden break seems to be averted for the present at least.
Text read from the printed page and cleaned; old type leaves the occasional error.