Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-29
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton. Provisions. Etc.
These Are Closing Sales
Each Day.

New York, Nov 2S.-To-day's stock
market was the dullest since the Mon
day preceding the election. There were
no dealings on any considerable scale,
and the movement of prices was slug
gish and irregular and not important.
The market narrowed very considera-
bly, Also the number of different stocks
dealt in being smaller than for many
days past. 1t is not improbable that
to-morrow'S holiday prompted the cur
tailment of speculative ventures. The
dealings were left very largely in the
hands of room traders and the larger
interests, and the public were appa-
rently out of the market entirely.
There was no great pressure of liqui-
dation, but when any considerable vol
ume of stocks was offered there was
not sufficient demand to sustain the
price. On the other hand, even
small demand was sufficient to effect
considerable advance in price, as the
selling orders in the market were also
OH very small scale. The market was
very generally heavy in the earlier part
OF the day, largely from the influence
of weakness In the London market.
The disclosure through yesterdays
London settlement of a long account
IN Americans is interpreted as weaken
Ing the technical position of this mar
ket. and the growing tghtness OF mo-
ney In London gives rise to the appre-
hension that New York may have to
absorb considerable speculative liqui-
dalton from that centre. In fact, the
selling for London account to-day was
estimated as high as $4,000 shares on
balance. Our own market continues
unrufi1ed, call loan rates falling away
q shade In spite of the continued alb
sorption of funds ON sub-treasury OPP
erationS and the poStponement of the
return flow of the funds from the inte-
rior. The recent daily average trans
Ter OF 100000 to 100000 to New
Orleans was supplemented by the
transfer of 100000 to Chicago through
the sub-treasury to-day. If the activ-
lty OF interior business Is to make new
demands on New York for currency it
may upset calculations over the future
or the money market. This may have
prompted some of the disinclnation to
deal In stocks. The early heaviness of
the market gave way quite generally
TO recovery in the late dealings after
London had ceased selling. Probably
covering by room shorts was n factor
In this movement. The gains were not
all retained to the close, which was
moderately active and Irregular A
number of October statements OF net
earnings of railroad companies were
published during the day. which were
favorable With the exception of the
Reading company. The net earnings
OF this company for October were ST.
2S2,096 less than for October of last
year, as result of the miners strike
This did not prevent the stock rising
over yesterday, but 1t became heavy
later In the day. Amalgamated copper
continued to show weakness. supposed
to be on account of apprehension of un-
favorable legislation in Montana. The
new Chicago and Alton stocks We're
largely bought at advances of 25s and
lss for the common and preferred, re-
spectivcly. The rubber stocks were
notably weak, but recovered part Of
their losses.
The bond market was quite active
and yielded in spots. Total sales par
value. $4,o55,0 900.
United States bonds were all I'M
changed on last call.
The total sales of stocks to-day were
500, 500 shares.
New York, Nov 2S.-Standard oil, TAG
@750.