Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-11-29
REVIEW \ OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange. Bonds, Grain,
Cotton, Provisions, Etc.

New York, Nov. 2S.-The furry In call
money in the last half hour to-day in
duced selling movement which car
ried prices in.the majority of the list
below last night. Stocks which had ad-
vanced strongly suffered from profit
taking, and their gains were much re-
duced where they were not entirely
wiped out. The market was spotty and
irregular throughout, and the main
tenance OF the price level was due
rather to cessation Of yeSterday's
factors Of Weakness than to any ele-
ments OF positive strength. London,
which was heavy seller yesterday,
was inclined to buy to-day on the new
account succeeding the settlement.
The large profit taking in Baltimore
ana Ohio stocks was so far digested
that those stocks resumed their ad-
vance. U. S. Leather. by comparison
with recent performances, displayed a
stable equilibrium, and the increase in
the dividend rate on the preferred
stock did not move it over a fraction.
Yesterdays aggression upon Sugar was
also discontinued, and the stock was
strong for the greater part of the day.
When these conditions were developed
an attempt was made to inaugurate n
bull campaign in the iron and steel
stocks, but it proved abortive. The
movement in the Baltimore and Ohio
stocks, Pennsylvania and New York
Central was the most conspicuous
movement Of the day, ana did more
than anything else to sustain prices
Chesapeake and Ohio also rose above
Its previous high level.
There were notable advances in n
number OF obscure stocks, including
Peoria, Decatur and Evansville, Du-
luth, South Shore and Atlantic, the
tnf n ST lee
and some of the minor industrials.
Manhattan lost all its gain before the
close.
Enthusiasm over Saturdays strong
bank statement was much diminished
by the discovery that the whole
strength of the showing was due to the
operations of one bank. The renewal
OF apprehension over the money outlook
was emphasized by several develop
ments. There were renewed shipments
of currency to New Orleans through
deposits for transfer at the sub-trcas-
] ury and New York exchange at Chicago
weakened suddenly to 20 cents discount
compared with par yesterday. The ops
erations of the sub-treasury yesterday
with the banks resulted in gain by
that institution of 100000 in spite Of
the Government bond redcnptions.
Yesterdays receipts of revenue by the
United States Treasury exceeded eX-
setting the total OF bond redemptions
for the day. The further rise in the
London money rate and the prospect
of an advance in the Bank of England
rate Thursday aroused apprehension
that London would want money from
New York, which is likely TO displace
loans by Canadian banks, which have
been placed here In large volumes.
When these various symptoms OF the
money condition eliminated in the
furry In the call loan rate to 10 per
cent, prices turned downward through
out the list, and the tone at the close
was easy.
The bond market moved in sympathy
with stocks, early {irmness yielding in
the late dealings. Total sales, par
value. $1.S15,000.
u. S. 5's advanced 4 and the old As
and new As &c. in the bid price.
The total sales of stocks were 577, 500
shares.
New York, Nov 2s.-standard Oil,
4.T@4.5SN.