Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-10-27
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonis. Grain,
Cotton, Provisions, Etc.
These Are Closing Sales
Each Day.

New York. Oct 26.--rhc stock market
underwent many MUTATIONS OF sentiment
today, but ON the whole came ,nrou ay
age level of prices was hisher as Il result
OF the days trading. The market was
very irregular from the opening and dur
ing the course OF the session the reac-
tionary tendency fairly eot the upper
hand. carrying prices To wei peloW last
nights levei The extreme change in the
most active stocks WIS from TO over
points, hut in the iilljtl rally net changes
from all causes were smail iracuons'
The weakness which overcaine the mar,
kct was clearly enough an incident OF
the digestion OF profits. The force OF the
final rally showed that professional ope-
rators vcntured to sell shorts pretty
freely also Wall street had Its daily re-
port this morning. of Stupendous new
time relating to Southern Pacific. The
Vanderbilt interests. II was said has Sc
petition and rate cutting were forthwith
TO be settled. Chicago and Alton ana
Kansas City Southern it was also conf
IDENTITY alleged had become consolidated.
The securities OF the latter two compa-
MES responded with brisk advances. But
in southern Pacific enormous blocks of
mary sale of 10000 shares at quotations
4 point apart. The opening quotation
fell away is during the active selling
movement. Brooklyn Transit was very
actively dealt in and was pushed up Us
points before amy marked signs OF weak
ness began TO develop. These points of
strength served TO sustain the market
somewhat, but realizing continued on an
active scale. The Coalers broke sharply
on report that the Reading company
would mine TO its full capacity. a num-
Der OF iron and steel stocks declined
somewhat by the reports OF the deep cut
IN prices of steel rails made by British
earlier in the week by German producers
The late rally was led by Missouri PA.
CHIC, which was rushed up points above
thT.trt MAY
Tor the rise. The fail in tho call money
rate 10 per cent. and the maifest re-
laXaIion IN the pressure to realize en-.
couraged the advance. Preliminary csti-
mates OF the weeks cash changes by the
banks promise Of large decline in cash
reserves. Operations with the sub-trcas-
ury. offered the greatest interest. De
posts of cash with this institution for
transfer to the interior have been much
other hand there have been payments of
drafts on account of gold deposited ut
Pacific coast points. and the portion of
nave Deen paid for ut the assay office.
Nevertheless, the suh-trcaSury has ab-
sorbed from the banks during the week
no less a sum than $3.50, OOO The ship.
mcnts of currency by express to the In
terror are believed TO have been less than
reserves seems certainly TO have reached
n total OF SS0co,000 The action of the
caii money market relieved apprehension
banks must have further contracted their
loans so as to reduce the reserve re-
quirements during the week. Only about
$i,O0O.01O OF gold OF the $ll, COCOON en-
gagged for import was received in time to
figure In the statement, the balance
The bond market continued active and
showed points of weakness in sympathy
So, 75G, COO
United States refunding 2's. the now
rs and old Is and 5's advanced "A per
cent. on the last call
Teal sales Of stocks to-day were 6li.Gco
New, York, Oct. ed-standard OH closed