Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-28
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Honay, Exchange, Bonis, Grain,
Cotton, Provisions, Etc.
These Are Closing sales
Each Day.

New York, Nov. 27.-Selling to take
profits again ovcrcnme the market to-
day and the general level OF stocks
prices is lower than il was last night.
The days net changes which are lrac-
tional, except in Il few stocks. give no
idea of the wide movement of prices
during the day. nor of the notable
strength shown at times by few
stocks. This is due 10 tho fact that
the market was generally strong in
the early dealings and was only car
ried below last nights level by very
sharp reaction, which also reduced the
gains of the strong stocks. The nota-
bly, strong points were in the Coalcrs.
Southern Railway preferred. Baltimore
and Ohio, Southern Pacific and the
American Smelling stocks. The move
ment in the Coalers was helped by the
wintry weather reported. The move
ment caused the revival of old rumors
OF consolidation or change OF control.
the effect being notably manifest in
Now Jersey Central. which rose six
points to 149, reactng IL. The bust
ness in the group was small except in
the Readings, which reflected very
heavy and concentrated buying. The
first preferred rose at one time 2M and
closed Il point lower. Large buying
continued in Southern railway pre-
ferrcd and rumorS continued of com
ing increase of dividend and disso-
luton of the voting trust. This was
the only stock except the Denver and
Eio Grandc's OF yesterdays strong
group which held out day. The
American Smelling stocks rose 2M and
-, for the common and preferred on
talk of the absorption of the principal
competing interest. International
Power rose four points without eXpla-
nation. Shortly before the close very
large buying OF Southern Pacific came
into force. the individual transactions
running from one to six thousand
shares and lifting the stock two points
During the carly part of the day while
the general market was strong the
Steel and Copper stocks were weak.
The Steel stocks showed q disposition
to rally. especially Steel and Wire,
which got above Al al one time. The
stock closed unchanged.
Amalgamatcd Copper was very hca-
Willy sold and late in the day fell to
9iss. and closed with n net loss of e.
The general reaction in the market was
not accompanied by any unfavora bic
development in the general conditions.
but to disappointment of some spccu-
lative expectations. The principal of
these was that to-day's London stock
exchange settlement would develop Il
very heavy short interest in Americans.
On the contrary, it was shown that
quite large long account existed in
Americans, and that London sold
stocks here for the new account.
Conditions in the money market con-
tinuc very easy in spite of the gain by
the treasury from the banks on
routine operations and the approach of
the monthly settlement period which
usually makes demands on the money
market.
The bond market was active ana
prices were higher. Total sales, par
value, $3,075,OO
United States SIS declined 4 and the
new and old As advanced 4 on the last
call.
The total sales OF stocks to-day were
994. 300 shares
New York. Nov. 27.-standard Oil.
745G74S.