Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-11-25
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Honey, Exchange Bonds, Grain,
Cotton, Provisions, Etc.

New York, Nov. 24.-The stock mar
ket to-day showed divergent move
mentS Of a few of the induStrialS and a
handful of railroad stocks. a few con-
spicuous railroad stocks pursued an up
ward course while the industrials were
OIL the down grade. The movement in
the railroads proved rather more in
fluential on the general list than that
in the ndustriais. The undertone OF
the market was Enthusiastically strong
and In the latter part OF the day the
strength became more general Profit
taking before the close reduced prices
from the best. In tile body of the ac-
tive list, net changes are surprisingly
small and while the majority are gains,
there are important exceptions on, the
side OF losses. The Baltimore and Ohio
stocks were the center Of interest The
huying OF these stocks was large from
the opening, but as the closing hour APP
preached the dealings assumed aston
fishing magnitude. Blocks of many
thousand shares of the preferred sue
cceded each other in quick succession
and were determined1y absorbed on
constantly rising price. The buoyancy
Of the stock carried 1t W. an extreme
Ok points and the closing was only
slightly below that. The net gains in
the common was 17s. There was a
heavy demand for Union Pacific, but
profit-talSlng met the advance above 81,
and It's net gain was slightly over Il
point. Dealings in Pennsylvania were
on an unusually large scale and it rose
an extreme ~, with n reaction Of a II e.
Hooking Valley stocks gained over a
point each on the declaration Of the first
dividend on the preferred. There was
feverish speculation in Consolidated
Gas before the announcement of the
determination not to advance the price
OF the product, thus necesstating the
continuance of the destructive rate war
The stock. sold UP 1E and then relapsed
Or and closed at Il fractional recovery.
The sensational collapse in Leather
came after the rise to IS. From that
point the stock sold down without any
attempt Mt support to 1874. A fierce
and stubborn contest was waged
around 10, from which the supporters
of the stock emerged triumphant after
absorbing the deluge Of offerings. There
We're some evidences. of strength here
and there amongst the industrials, nota-
bly, in the Iron and Steel stocks and
Continent Tobacco stocks. a consid-
cradle demand was due to the efforts
OF the short interests to cover over the
approaching double holiday.
Reports of British successes In South
Africa were used with some effect by
: the bulls, although London was seller
OH balance in this market. st. Paurs
third week statement, showing an in
crease OF nearly $11i.000 over last year
and other favorable railroad statements
had strengthening effect on the list
as did the placing of Hooking Valley
preferred in the dividend list with the
declaration of the first dividend OF 1E
per cent.
The principal influence in to-day's
trading was the expectation that the
bank statement tomorrow will make q
strong showing and thus give an i'm
petus to speculation on Monday. The
sub-Treasury operations for the week
show n gain by the banks of $7S27, 900
AS the loan expansion does not seem to
have been large, a very considerable re-
cuperation of reserves thus seems as
sured.
There was good absorption of bonds
at advancing prices. Total sales. par
value. S2,16O.0O0
United States s's and new As ad-
vanced Mc. in the bid price. The total
sales OF stocks were S33,S00 shares.
New York, Nov. 24.-Standard OIL
a.5504,56.