The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-11-30
The New York Stock Market.

New York, November 2S.-Today's
stock market was the dulleSt since
Monday preceding the election. There
We're no dealings on any o~nS1derab
scale, and the movement of prices was
sluggish and irregular and not m
portant. The market narrowed very
considerably also, h number of differ
ent stocks dealt in being smaller than
for many days past. 1t is not improb-
able that tomOrrow'S holiday prompted
the curtailment of speculative ventures.
The dealings We're left very largely in
the hands of room traders and the lar
ger interests and the public were ap-
parently out of the market entirely.
There was no great pressure of liQui-
dation, but when any considerable vol
ume of stocks was offered there was
not a sufficient demand to sustain the
price. On the other hand, eve a small
demand was sufficient to effect a on
siderable advance in price, as the sell
ing orders in the market We're also on
a very small scale. The market was
very generally heavy in h earlier part
of the day. largely from h influence
of weakness in the London market.
The disclosure through yesterdays
ond settlement of a long o in
Americans is interpreted as weaken
ing h technical position of this mar
ket, and the growing tightnesS Of mon
ey in London gives rise to the appre-
tension that New York may have to
absorb considerable speculative liqui-
dalton from hat center. In fact, the
selling for London account today was
estimated as high ais $4,000 shares on
valance. Our own money market con-
Hnues unruffled, call oan sales falling
way a shade in spite of the continued
absorption of funds on Sub-treasury
operations and the postponement Of the
rotIIrn flour ~ fh4 f1r,1r f~nnp Tho IN
terror. The recent daily average trans
fer of 500, 900 to 5000, 900 to New Orleans
was supplemented by the transfer of
$500, 900 to Chicago through the SUBJ
treasury today.
If the activity of interior business is
to make new demands on New York for
currency it may upset calculations over
the future of h money market. This
may have prompted some of the dis
inclination to deal in ock The early
heavineSS Of the market gave way quite
generally TO a recovery in the late deal
ings after London had ceased selling.
Probably covering by room shorts was
a factor in this movement The gains
We're not all retained to the close, which
was moderately active and irregular.
A number Of October statements of
lei earnings Of railroad companies
were published during the day, which
We're favorable with the exception of
the Reading Company. The net earn
ings of this company for October were
81, 232, 096 less than for October Of last
year, as a result of the miners strike.
This did not prevent the stock rising
over yesterday, but it became heavy
later in the day. Amalgamated Copper
continued to show weakness supposed
to be on account Of apprehension of un-
favorable legislation in pMontana-
The new Chicago and Alton stocks
were largely bought at advances of 2S
and is for the common and the pre-
ferred respectively. The Rubber stocks
We're notably weak, but recovered part
of their losses.
The bond market was quite active and
yielded in spots. Total sales, par value,
Were $4,055, 600. United States bonds
were all unchanged on last call. The
total sales Of stocks today were co.,
500 shares.
Standard Oil was TAG to $50.