The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-25
FINANCIAL AND COMMERCIAL

FRIDAY. Nov "a.
The etreet Iooted for n rather quiet stock
market to-day because ofthe complete suspen-
sion OF busIneas tomorrow. This View was
dispelled before the expiration OF the first hour
Of business, chiefly by the DEVELOPMENT oil
unusual activity and great strength In BATH
more and Ohio preferred. On sales Of nearly
10000 shares that stock moved steadily up
ward until a net gain OF 5H per cent. was re-
corded at the close. The common stock
on moderate transactions closed nearly Two
points higher than yesterday. No adedume
explanation OF the sudden demand Tor Bnit'-
more and Ohio preferred was furnished TO the
Street. A report was current that the stock OF
the COMPANY ia tn be unified SO that the pre-
ferred will receive moro than the 4 per cent.
annual dividends to which IL is now entitled.
but this could not be confirmed. The only
patent pxpla n alton Of tho rise II found In the
enormous earnings Of the company resulting
large ely from the improvement In the physical
condition OF the eystem and In the character
Of the management brought about By the re-
cent reorganization.
Tho movement In Baltimore and Ohio In
nuenced nearly the entire list Union Pacific
issues. particularly the common stock. received
unusual attention and were exceptionally
strong Pennsylvania was another prominent
active railway shares that advanced sharply
were Illinois Central. Hooking Valley preferred
and @. l. and Louisville preferred. Insplte OF
recent discrimination by money lenders and
brokers against the Industrial stocks they. too.
made good showing. American Steel Hoop
issues were fairly active for the nrst time and
with Federal Steel common attained higher
level. All OF the tobacco stocks were strong.
Noteworthy net advances were also recorded
for American Linseed OIL. Laclede Gas and
Pressed Steel Oar common.
There were only two important retrograde
movements. ono in Consolidated Gas because
the management decided to-day not to advance
the price OF GAS at this time. and tho other In
U. 6. Leather common. from which sup
port was withdrawn In the late trading with
the result that competitive selling orders
broke the price nearly 10 points. Tho
known movements Of money this week Indicate
TINT the banks have gained about SS.00O.OO0
In cash. The most gratifying feature OF tho
showing IL that for the frat time since the crop
demands for money began. receipts OF our
rency from the interior are this week In excess
OF shipments. Sub-Treasury disbursements
to-day for bonds redeemed were $775. 706
maxi ing the total payments on that account
since Nov. 10. sl2.0822 o7. At the close the
market was unsettled somewhat by the break
"
10 not yet ended
IA compared with the anal prices OF last Sat-
urday. the majority OF stocks are higher. The
more important net advances are In Baltimore
and Ohio preferred. TX per cent: American
Mailing preferred. 5h: Consolidated Gas, az (:
General Electric. 81: Cleveland, Cincinnati.
Chicago and ST. Louis. 3x Baltimore and Ohio.
3: Pennsylvania Railroad. *: American Steel
Hoop. 1S: North American. TX: Union Pacific
common and preferred. each; Federal Steel
y; Chesapeake and Ohio and Southern Rail-
way. preferred. Y zach: American Mating
Southern Pacific aud Tennessee Coal and Iron.
y point each. The noteworthy declines are In
United States Leather. common. 6k per cent.
the preferred. ~: Manhattan Railway. 2;
American Sugar Refining. IN, Reading. nrst
preferred. IL; Rock Island. Y; st. Paul. n.
and Missouri Pacific. y per cent.
New York Stock ExohanGe--salos Nov. IA