The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-11-29

| gish and irregular and not important
! The market narrowed very considera-
bly, also, the number of different stocks
dealt in being smaller than for many
days past. The dealings were left very
largely in the hands of room traders.
There was no general pressure of liqu--
dalton, but when any considerable vol
ume of stocks was offered there was not
sufficient demand to sustain the price.
On the other hand, even a small de
mand was sufficient to effect consid-
| cradle advance in price. The market
was heavy in the earlier part of the day,
largely from the influence Of weakness
in the London market,
The disclosure through yesterdays
London settlement of lCnS; account
| in Americans is interpreted as weaken
ing the technical position of this mar
ket, and the growing tightness of mon
ey in London gives rise to the appre-
hension that New York may have to
absorb considerable speculative liquida-
ton from that center. In fact, the sell
ing for London account to-day was es-
| timated as high as $4,000 shares on ball
ance. Both call money and discounts
! in London are above the bank rate, the
scarceness of money being due to the
| preparation for the eXchequer bond Is
sue on Friday. When this is met there
is likely to be a refluX of government
funds into the money market. Our own
money market continues unruffled, call
loan rates falling away shade to-day
| in spite of the continued absorption of
funds on sub-treasury operations and
4 MT If the return flow 0f
funds from the interior.
The recent daily average transfer OF
100000 to 100000 to New Orleans was
supplemented by the transfer of $780,
900 to Chicago through the sub-treasury
to-day If the activity of interior bust
ness is to make new demands on New
York for currency it may upset calcu-
lations over the future of the money
market. This may have prompted some
of the Discrimination to deal in stocks.
The early heaviness of the market gave
way quite generally to a recovery in the
late dealings after London had ceased
selling Probably covering by room
shorts was factor In this movement.
The gains were not all retained to the
close, which was moderately active and
irregular.
! A number of October statements of
net earnings of railroad companies were
published during the day, which were
| favorable with the exception Of the
Reading company The net earnings Of
| this company for October were 81, 1882, 096
less than for October Of last year, as a
result of the miners strike. This did
not prevent the stock rising over yes
| terday but it became heavy later in
| the day. Amalgamated Copper contin-
ued to show weakness, supposed to be
on account of apprehension of unfavor-
able legislation in Montana. The new
Chicago and Alton stocks were largely
bought at advances of 2S and 1ss for
the common and preferred. The Rub
Der stocks were notably weak, but re-
| covered part of their losses.
The bond market was quite active and
yielded in spots Total sales par value
| $4055, 900.
United States Bonds were all I'M
changed on last call.
NEW YORK STOCK M1RKEr
Opening, Highest, Lowest Quotation
On the New York Stock Exchange, reported
by Prince & Whitley, Brokers, 10 Center
street, New Haven.
Tt.Jx