Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-20
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
itOckS, Money, Exchange, Bonds. Grain,
Cotton, Provisions. Etc.
These Are Closing Sales
Each Day.

New York. Nov 19.-The selling pres
sure to-day again proved more than the
generally lower as Il result There are Il
lew exceptions both In the railroad and
iiloustriai departments. but the strength
In these Few stocks was not free from
an appearance OF manipulation by the
bulls Tor the purpose of sustaining the
market and encouraging renewed buying
for the advance The downward course
or prices promptly set In after the mar
ket had opened generally higher. Easier
money In London and the extent OF the
advance for Americans prompted some
speculative ventures in the market, and
OF great trunk line consultations. show
Ing that the runor monger had been re-
calling the British public with much the
been offered in Wall street for some time
past. The lower prices here in New York
attracted buying by the arbltrage bro
Kers' which served as u sustaining nfiu-
ence. but the continued evidence of de-
preston turned London seller and liqu-
being estimated at upwards of 10000
shares; Selling from domestic sources
WA, WIS also very large. The railroads as a
9nru STOCKS were forced point or over
p tnrs Saturdays level. In the late deal
Norihern Pacific, which carried that
stock up 2ss TO 6S&. Great Northern pre-
i terred rose easily an extreme 8 points.
ket generally and drove the bears to
cover. did not hold. long stock coming
- vi .ie ADVANCE w non the bears per-
eeived this they made q fresh attack and
drove prices down again. and while the
levei OF the market did not fall generally
10 me early low point, the closing was
active and easy. Amongst the points of
special strength should be mentioned
General Electric. Metropolitan, American
Ice. Steel and Wire, Colorado Fuc! and
AmeriSan Smelling and for Il time Sugar
ano brooklyn Transit. The announce
ment of failure OF IL Board member
fau some Sigh, influence on sentin,en;
until 1t was learned to be of no impor-
tuhce. Ihere was no actual news devel-
opment TO account for the downward
course or prices and 1t was largely due
TO technical causes. The custom OF pro-
Iessional operators to take the bear side
OF the market against q public bull posi-
tion asserted itself, and there was much
solid opinion TO be heard that the rise i'm
prices had ovcrrun itself and that a reac.
tlon was overdue. The money market
was closely scanned for signs of dimin-
iSning resources. Call money hardened
SS, aaiiny, but eassd Off again in the late
caso also fell from small premium to a
small discount. The sterling exchanges
rate held steady. in spite of the slightly
ilrmer money rate here and an easier rate
cotton bills has been much diminished
ana exchange experts surmisc that the
llrnneSS Oh exchange indicates an accil-
mutation going on for some purpose,
The volume of business in bonds as
Wen MS in stocks was considerably d.
unfinished but prices of bonds held iirincr
, IMAM those Of stocks Total sales par
United States refunding IS and the
coupon 3's advanced II and new Is K per |
cent. on the last call.
me total sales OF stocks to-day were |
New York. Nov. l9-standard Oil, 7.oi-