Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-11-27
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Honey, Exchange, Bonis, Grain,
Cotton PrOYiSlonS, Etc.
These Are Closing Sales
Each Day.

New York, Nov. 26.-The reactionary
tendency which weighed on the stock
market during the latter part of last
week was distinctly overcome to-day,
and prices resumed their upward
course. The advance was by no means
uniform, the striking gains being con-
fined TO comparatively few stocks. In
some stocks the resistance was not
more than enough to enable them only
to hold their own, while Il small num-
Der. by positive weakness, gave
slight irregularity to the market. The
course of prices was by no means de-
e ternned at once. Bear traders oper-
ated on the short side of the market
for a considerable period after the
opening. They based their position on
the argument that holders OF stocks
were inclined to sell on Saturday on
The strength resulting from the bank
statement, but it was not long before
they discovered that they had n small
following this morning. There were
rumors flying about the board that
prominent bear operators of last week
had been taking up long stock again.
Notable strength in particular stocks,
accompanied by rumorS of changes of
control, helped the market and the
bears were finally driven to cover. Ru-
mors of the Cars death, OF threaten
ing complications in China and of in
Kruger demonstration in France did
not aid the bears much in forcing
lower prices. London was n large buy
err In this market, sales to that account
being estimated at 10000 shares. The
Southern Railway stocks were in spe
cial demand. Many rumors were cur
rent of developments in the company,
including Ell alleged lease to the Penn
sylvania and Il coming increase of div
idend. No authoritative sanction could
be had for any of these rumors. The
common and preferred stocks advanced
an extreme points each. Strength
was radiated first to the southern
group and then to the southwestern, in
which some striking gains were re-
corded. Both the preferred stocks, on
which dividends are paid or are earn
ed. and the low priced common stocks.
for which dividend prospects are re-
mote at the best, were affected alike.
These stocks held n prominent place in
the advance. Gains in the group ran
from l to nearly points The more
northerly grangerS came into the
movement, especially Burlington. but
did not show such marked strength.
The leading specalties were very
strong, including sugar and peoples
gas. The local fractions showed Il
good recovery and consolidated gas
was conspicuous with rise of IA.
The steel stocks were decidedly unset
tied, steel and wire showing acute
weakness at times. Reports We're cur
rent of serious controversies between
the great combinations in the trade.
Amalgamated copper gave way on ac-
count of the meagre details of the con-
ditions and resources OF the company
contained in the statement to the stock
exchange to secure admission of the
stock to the unlisted department. The
drop i'll this stock and Il disposition to
realize made the tone of the closing
unsettled, and prices We're below the
best. but the gains in the railroads
were we'll maintained. Money contin-
ued easy here and hardened in London,
resulting in higher rates for sterling
exchange. There was very large buy
ing of st. Louis Southwestern bonds.
The market otherwise was strong and
quite active. Total sales. par value,
S4,13O, 600.
IT, S. refunding 2's, when issued, and
the 5's advanced Il and the IS q per
cent. on the last call.
The total sales of stocks to-day were
90i,2 200 shares.
New York. Nov. 2G.-standard Oil.
7.45 bid.