The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-27
MORE STRENGTH shown
The Market Exhibits a Tendency
Toward Recovery.
The Irregularity of Saturdays
transactions Disappears Some
that finder Good BuyinE-Henvy
Purchases for Foreign Account
Ffrmness in the Railway Shares.

NEW YORK. Nov. 26.-The stock mar
ket today showed fairly pronounced
tendency toward recovery, although the
dealings were still marked by little If
regularity. The more common tone oi
strength, however as compared with 'he
latter part of last week was testimony 10
the inherent strength of the market SIT
nation inasmuch as nothing new had oc-
Cured over Sunday which would account
directly for the revival in the demand LOT
stocks.
As had been expected in view of the
supposed position of English jobbers in
American stocks, higher range OF prices
was reported from the London market,
with which actual business was much
curtailed by reason of the prostration OF
the land wires from Boston TO Portland.
In consequence the dealings here Tor Tor
eien account fell far below the amount
that had been expected. amounting only
TO about $1,000 shares, of which July two-
thirds we're on the buying side.
The purchases for foreign account were
heaviest in Southern Railway common
and preferred, and apart from those
shares we're distributed on both sides OF
the account While an undercurrent OF
uneasness was evident as TO the enect
upon the market of a fatal issue OF the
illness of the Car of Russia, the foreign
markets appeared to be little affected by
that circumstance. In local discussion
also the concern felt appeared to be
rather as to whether such an event would
lead TO a general selling movement than
as regarded its ultimate effect upon the
situation at large.
Al the opening of business the indus
trial quarter and the local traction shares
furnished some conspicuous exceptions to
the general tendency of prices. American
Steel and Wire ran off sharply, Sugar Re-
timing was again lethargic. and the local
traction shares Manhattan notably, re-
fected material pressure. In none OF these
instances was there anything definite TO
be cited in connection with the tendency
noted, although the weakness in Steel and
Wire was assumed to indicate the specu-
lative disposition OF the leading spirit in
the property.
With the course of the day an advance
was ordered in the selling price for re-
fined sugars by one Of the concerns afiii-
lated with the American company. and
this caused an urgent covering movement
in Sugar Refining stock, which was at
tended by material recovery. More or
less extensive gains were scored also in
the local traction stocks.
The railway list, however, furnished the
days noteworthy movements. ConsPicu-
Gus features there we're the Southern
Railway issues, the Atchison shares. the
granger group, the so-called Junior Van
derbilt issues, and the lower priced rail-
road stocks. such as ST. Louis and South
western, St. Louis and San Francisco, and
Texas and Pacific. The very noteworthy
movement in the Southern Railway stocks
was, however. the conspicuous feature of
the market. but II was unexplained by any
definite or authentic information Of a
public character.
Among the specialties there was a par
ticulariy sharp rise in New York Air
Brake, while Peoples Gas. Tennessee Coal
and Iron, and Colorado Fuel and Iron were
all actively dealt in at lettering prices.
A large number OF railway traffic returns
Tar the third week Of the month were re-