The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-29

NEW YORK. Nov. 2s.-The best defini-
lion of today's dealings in the stock mar
ket would be in saying that they continued
TO follow the technical lines exclusively.
Investigation of The varying movements in
either direction simply disclosed the iden-
tity of the buyers or sellers upon the
Stuck Exchange, but, of course, the direct
motives of the latter were not ascertain
able and there was virtually nothing in
the general or particular news of the day
throwing definite light upon the move
ments in question. The movements in
particular stocks and in the general mar
ket were again exceedingly irregular.
Stocks of the same classification and
largely influenced by identical conditions
moved in contrary directions. The deal
ings were in fairly large volume and were
again well distributed. Commission
houses, however continued to report some
diminution in activity on the part of their
customers. and on this account the opera
lions of the strictly professional element
contributed a larger quota to the total
transactions than for some time.
Some falling OFF in investment demand
for high grade securities has also been re-
ported of late by firms engaged in that
business, chiefly, they think. on account
of the termination by the Secretary of the
Treasury Of the refunding privilege on the
old Government bonds: but slight i'm
proyement in that direction is now ap-
parent
The market opened fairly active and
in the majority of instances recessions
from yesterdays final figures were shown.
The declines were NEST severe in those
stocks which showed the most substantial
dcpressiors in the London mar,et nota-
bly, Louisville and Nashville and the
.Alohison issues. Upon the opening Of the
market foreign houses were seen to be
heavy sellers here. Notwithstanding the
still defective cable service, and with
the course of the morning they disposed
of upward of 81 coo shares of stocks.
1t was not until this selling had culmi-
mated that the market showed any evil
dences of general recovery. II was nat
ural, also, in view of the suspension of
business tomorrow over the znksgivng
holiday that there should be quite gen.
eral disposition to even up contracts on
both sides Of the account, and it. was
largely owing to this circumstance that
the market showed its noted irrcgularity.
Apart from the unimportant changes in
money and sterling exc mango, and the
days returns of railway traffic, there was
no news Of general importance with ;he
course Of the business session. Efor.s
TO arouse interest in political develop
ments in the Leyant and the Orient met
with slight encoura cement, and the Tu-
mors constantly in circulation in regard
to The state of the Cars health were
also ignored.
There were a few stocks which were
consistently strong, notable instances be
ing New York Central and the so-called
junior Nanderbiits. The well-sustained
strength Of the stocks in question was
effective throughout the day in restrain
ing the declining tendency in other quar-
tiers OF the market Other notably firm
features were the Northern Pacific issues
and the anthracite coal shares. With the
course OF the day Louisville and Nashville
rallied sharply from its early depression.
The granger shares also throughout the
early irregularity. showed good under
tone and advanced smart1y upon the af-
ternoon recovery in prices.
Among the specialties there were eX-
cecdingly wide and erratic movements in
the copper stocks and Peoples Gas. Ten
nessee Coal and Iron and Colorado Fuel
and Iron were comparatively firm. The
movements in the industrial quarter were
as was to be expected in such market,
quite erratic hut in the main a fairly
steady tone prevailed there. Federal
Steel was firm and Notwithstanding re-
cent episodes in American Steel and Wire
that stock was not wanting in support.
The local traction shares we're not par
ticularly prominent in the days transac-
tons