The age-herald., 1900-11-23
A SENTIMENTAL
 STOCK MARKET. Movement Responded to Influ- enCeS of Current Events. THE SAME FEB AND FLOW. Prices Sold Of and then Reacted, but Violent Break in Steel and
 Wire Caused Weak
 Close.
THE SAME EBB AND FLOW.

New York, November 22.-There was the same ebb and flow in today's stock market that have characterized it for several days past. Neither the beginning nor end was, however, so well defined as they were yes- terday. The currents were very confusing all day and made it difficult to analyze the tone except during period of pronounced reaction, which developed after the open ing, and an equally pronounced recovery before the close.
 The close itself was reactionary and weak under the influence of violent break of IA points in American Steel and Wire. That stock got up to 51 in the general rally of the market, but plunged downward to AGA in a few minutes, and closed about there, with heavy offerings still coming on the market The professional traders in Wall street have worked for some time In the faith that they were following the bull leaders of a combination of forces between the most notable speculator in the street and a newer and almost equally dashing operator who made his mark, and deep one at that in the speculative steel stocks during the last year and a half. The break in Steel and Wire coming near home to this alleged speculative combination, served to unsette sentiment very considerably at the close.
 The bear contingent succeeded in pretty we'll getting the upper hand early in the day The market opened with price cur rents moving in whirlng eddies. There was continued strong absorption in some of yesterdays strong stocks, the local trac- tions and St. Paul being conspicuous
 The news of the day was little regarded. Some disappointment was felt at the cessa- ton of yesterdays heavy demand from London. That center turned seller today ito the extent of about 4O,000 shares on bal ance. There was a failure of expected heavy demand of stocks from the west, which was cut off from wire communication yesterday. The bears were also inclined to make capital out of the reported dispute among the diplomats at Pekin and their tactics were shown in the circulation of rumor that the Czar was dead The fact that these rumors were given some weight, and that the Kruger demonstration In Mar seilles, and the reported injury to General Roberts had an influence tending to show that the movement of the market was to large extent on sentimental grounds.
 The money market showed no signs of stress from the large speculation and was appreciably easier on the large receipts Of Australian gold here during the week. Sterling exchange hardened on the large selling of stocks by London. It is conjeet- ured also that the sterling exchange IS be- ing accumulated with a view to New York subscriptions to foreign loans.
 The bond market was notably strong in spots, but weakened at other points. To- tai sales, par value, $3,515,0OO
 United States refunding 2s advanced Is and the new As F per cent. on the last call
 New York; November 22.-Money on call steady at 304 per cent; last loan per cent; prime mercantile paper 4q4A per cent; sterling exchange firm, with actual business in bankers bills at 4.S4& for de- mand and $4.S1 for sixty days; posted rates $4.S2@4. .S51a; commercial bills S4.S0AG4. .S0&4
 Silver certificates 64156651ac; bar silver 62Bc; Mexican dollars soc.
 Government bonds strong; state bonds inactive; railroad bonds irregular.
 New York Stock Market.
 By Private Wire to Murphy 6 Col