The morning news., 1899-11-24
sTOCINs ANn nnNns.

New York, Nov 23-The stock market
az whole continued dun and neglected,
while professional operators worked thelr
viii win a few stocks marking them uy
or Offering them down successfully
singular feature of the very narrow
market was the number OF extremely low
priced stocks, usually designated as cats
and dogs, which were taken up and mov~
ed widely. A number Of these were trad
cd in at quotations under so per share
and still others about $50 or less. Some
of these stocks do not appear on the rec
ord for months, and usually only on the
elimination OF a furious bull speculation,
which picks them for an advance after
every other available stock has been ex-
haustcd.
some Of the individual stocks which rose
yesterday reacted to-day while other
stocks dominated by Identical or closely
affiliated interests were moved TO a higher
level to correspond. There were some
points of weakness, notably in the Authra-
cite group on account of the discussion
of a new line to be worked Independently,
but the undertone Of the market was firm
IN expectation of good weekly bank
statement The strength Of individual
stocks mad natural tendency to keep the
general list hard.
The money market did not reflect any in
creased tending powers by the banks. The
demand for United States 4 per cents. OF
1925 was an indication Of the transfer-
ence Of savings banks investments from
the short-term bonds which the govern.
ment Is redeeming The redeeming money
so applied of course offers no relief to-
the money market. Some transfers are
also being made from governments into
New York city bonds the issue of which
has been made this week. This fund as
soon as It becomes avllable to the city
will find their way into the money market
through depository banks. The bid price
OF both old 4s and the IS on the Stoclu
Exchange has been raised to above the
treasury's redemption offer. The stiffness
OF the local money rate was sufficient to
cause a further decline IN sterling ex-
change in spite Of the hardenings of dis
counts IN London, where there Is a general
expectation OF higher money
Individual movements Of importance to4
day were advances IN the Chicago, Indian
apolis aud Louisville stocks OF 3h each
which were afterward practically wiped
out. rise of 81 in Consolidated Gas on
rle restoration Of charges by a compet-
ing company indicating a termination OF
the war; gains Of lA each for the Baltic
more and ohio stocks and Of SA and AS
respectively, for the Metropolitan Elevat-
cd stocks. Leather rose 4h, while the pre-
ferred reacted ~. Sugar was also strong,
but did not maintain its extreme rise.
quite q number of minor stocks show
gains OF a point or upward
Dealings in bonds were not large, but
prices were well maintained.
Total sales, par value. 81, $4,000. United
States 3s. new Is and IS advanced 1s in
the bid price.
The total sales Of stocks were 45i 900
shares including Baltimore and Ohio,
S,387; Chesapeake and Ohio. 1890; Cleve-
land. Cincinnati, Chicago and st. Louis.
1880; Reading first preferred, l3s50s
Southern Pacific, 80 1850; Southern Rail-
way $3.50; do preferred, 10 $50; Union Pa
cihc, 1870; American Tobacco, II 7lO;
Steel. 1880; Sugar 44.s60; New York Air
Brake. 1850; United States Leather, SO 2S0s
do preferred Is, IT'S.