Daily press. [volume] (Newport News, Va.) 1896-current, 1899-11-28
REPORTS


NJ" 1o3th. NOV. Li.-people VINO
bought stocks on Thursday and Fri
day found the expected market for
them this morning and awaited them
selves Of the opportunity to sci! out ~
Il large extent. The sub treasury OPP
eratlOns last week made it sufficiently
obvious that a strong bank statement
would be Forthcoming on Saturday and
the new strength in the market on uc-
count of Saturdays bank statement
mad therefore been discounted. Prices
opened high and the advance in Amer
leans in London had the appearance Of
being manipulated from New York for
the . Of influence on the opening.
At a.. -SHts the London market was
DEF led generally on the rise If the
mon> ! rate and sold stocks here from
the opening until past the usual hour
for cabling. Pennsylvania was an en-
ception and was eagerly bought l,y
London: This demand was largely re-
sponsible for the stocks rise of as, over
Friday during the first hour.
SUBSEQuE1N REACTION. .
II subsequently, reacted and saved
only "a of the net gain. The high
prices at the opening we're the sigma!
for extensive reainzng which was
most marked in the Baltimore and Chic
issues. The opening prices in the pre-
TERED ran all the way from 80 down to
SHM There were occasional rallies in
these stocks. but the pressure Of profit
taking vas renewed and their close was
rear the lowest at net losses Of III AMI
rs respectively. Union Pacific showed
the effect OF profit taking and Sugar
was obviously weak from the start
These We're sufficient powerful factor:
to decide the general course of the mar
ket downward. The heaviness became
quite widely disseminated as the day
progressed and many net losses Of
roint Or over will be observed
While the course of the market was
I. n
persisted
Manhattan. 1Teleral Steel. American
troop. Chesa peakc ana Ohio and Pc.
ria. Decatur and Evansville rose from
to , roints without maintaining the
flN advance. Leather continued ve1v
arratic over range of 81. points below
F,iday's close. The late break in Su-
gar TO 154 and the St. Paul Statement
TOR October showing a decrease in the
net earnings of nearly s2300OO empha-
sized tn" late weakness
| NOT GREATLY affected.
| The condition of the money market
was not greatly affected by the improv-
| cd showing of the banks in SATURDAYS
statement. ."..-.".
the fact was pointed out that while
,he statement of all the clearing houiA
| banks showed Il decrease in loans Ce
| S3,l23. 500 and an increTsc in cash re-
| serve OF S6964.2 30. q single bank in thu.
| association reports a decrease in loans
or S4.lSG,9Oo and an increase in cash Of
SS,2290o. With this single Institution
| Withdrawn from the showing the aver
age condition Of the remaining banks
therefore. has not been improved The
| majority of the days loans We're ma it
at 6 per cent. and the rate for sterling
exchange advanced sharply in response
| to the money pressure in London
There was good absorption Of railroai
| bonds and prices advanced.
| Total sales of stocks today We're So, -
500 shares. Stocks closed as follows:
AtchlSon ......... o2L
Atchison, pref'd $500. ....... 65Is
| BALTIC. & Ohio 561;
| Canadian Pacific Observation-Disclosures. 94lA
| Canada Southern ......... 81
Chesa \ Ohio ACKNOWLEDGEMENTS. 291:
| Chicago Great Western ....... 1ias
Chic. Bur. 4 Quincy .133
| Chic. Ind. & Louis. ......l 6
Chic. Ind. & Louis, prefd ...... IS
Chic. & East. Illinois ..... 81
| Chic. & Northwestern 16S
| Chic. Rock Island & Pacific .1 1881.
g. c. G. j. ST. Louis ........ e. X
| Colorado Southern Observation-Disclosures. 65a
| Colorado Southern, LIST prefd 49,. As
| Colorado Southern, I'd pref'd 49,. 1885,
| Del. Il Hudson .121 u
! Del. Lack q Western ...........lS 1895
| Denver & II. G.. ...... 2O%s
Denver & II. G., prefd ............ 75A
Erie 12&,
Erie, LIST prefd Observation-Disclosures 6a,
Great Northern prefd .176
Hooking Valley ......-..............3 "a
Illinois Central ........... .n5A
Iowa Central ............. .l II
Iowa Central, pref'd Observation-Disclosures. 5S,.
Kan. City, Pitts. & Gulf .......... 8
! Lake Erie & Western POL;
l.. f. & Western, pref'd ........... 50
Lake shore .2o5
Louisville & Nashville S5,A