The age-herald., 1900-11-27
THE STOCK MARKET TOOK UPWARD TURN Reactionary Tendency of Last
 Week Overcome THERE WERE WEAK SPOTS Bears Operated on the shert Side for
 Time, But Were seon Run to CoVer-VoIume of Busi- ness Was Small.
THERE WERE WEAK SPOTS

New York November 26.-The reactionary tendency which weighed on the stock mar ket during the latter part of last week, was distinctly overcome today and rsices resumed the upward course. The advance was by no means uniform, the striking gains being confined to comparatively few stocks In some stocks the resistance was not more than enough than to enable them to hold their own, while a small number by positive weakness gave a slight irregu- larity to the market. The course of prices was no means determined at once. Bear traders operated on the short side of the market for considerable period after the opening They based their position on-the argument that holders of stocks were in- cllned to sell on Saturday on the strength resulting form the bank statement, but 1t was not long before they discovered that they had small following this morning. There were rumors flying about the board that prominent bear operators of last week had been taking up long stocks again. Mo- table strength in particular stocks accom- panied by runors of changes of contracts helped the market and the bears were final ly driven to cover While the strength in the market was renewed there was by no means the large volume of business which has been the average Tor over two weeks past.
 Bear manipulation was evident not only here but in foreign markets A settlement Is in progress on the London exchange and in Berlin. But the rumors of the Car s death and of threatening complications in China and of international friction grow ing out of the Kruger demonstration did not aid the bears much in forcing lower prices. London was large buyer In this market; sales to that account being esti- mated at 30,000 shares.
 The steel stocks were decidedly unsettled; Steel and Wire showing acute weakness at times Reports were current Of serious controversies between the railroad combl- nations in the trade. Amalgamated Copper gave way on account of meagre uetails or the conditions and resources of the com pany collected by the statement Of the stock exchange to secure the admission or the stock to the unlisted department. The droD in this stock and disposition to re- alize made the tone of the closing unset tied and prices were below the best but the gains In the railroads were well main- tained.
 Money continued easier here and hard ened in London resulting in higher rates sterling exchange. There was very large buying of St. Louis Southwest bonds. The market otherwise was strong and quite active. Total sales, par value, 4,l60,0OO United States preferred 2s, when issued, 5s advanced A and the Ss % per cent on the last call.
 New York November 26.-Money on call steady at 3d31a per cent; prime mercantile paper, 41a65 per cent. Sterling exchange firm with actual business in bankers bills at 4S5ss14. .S51s for demand and at 4S11aQ- ASIA for sixty days. Posted rates, 4S21s and 4S614 S61k. Commercial bills, 4.SO&@- ASIA Silver certificates 64Q65. Bar silver, 68M Mexican dollars, 50. Government bonds strong; State bonds strong. Rail- road bonds strong.
 New York Stock Market.
 lRy Private Wire 10 MurphY & Col