The Montgomery advertiser., 1901-11-28
WALL STREET REVIEW HESITATION WAS SHOWN IN
 SPECULATION.
There Were Several Conspicuous Ad- vances Which Failed to Attract any Considerable Following
 Selling Pressure Not Acute.

NEW YORK. Nov. 27.-There was good
 deal of hesitation about the speculation on the
 Stock Exchange today. There was number
 tract any considerable following or to reflect
 any marked influence on the general list The
 selling pressure however not acute. There
 were moderate realizing wherever the strength
 of the market permitted but 1t was not urg-
 ent and was not, pushed at the expense Of the
 yalues The bears made attack on the
 market late in the day. encouraged by the
 manifest hesitation of the buying and succeed ed in reducing the price level considerably,
 especially at points where 1t had been ad-
 vanced in the morning. The strong stocks were
 innnencea appafen a o, ny aecomnanied by anV
 news to explain it. Sugar was actively trad
 cd in all day, and was lifted an extreme 3ls
 Manhattan maintained its recent aggressive
 strength and advanced points further. Gen
 eral Electric added "a points to its yesterdays
 jump. but lost all but one point of the gain
 before the close. The recent severe pressure against .Amalgamated Copper was relaxed and under last night, but became comparatively | steady above that. quieter tone of this | stock relief to the whole market and | the violent break in the raw copper market | in London and the heavy selling of Rio tin
 tos in Paris did not seem to affect it. There | were various other points of strength among | minor railroad stocks in the group of coalers and Southwesterns and a large demand for time x. Evansvills and Tsrre Haute gained 4. New York Central was under pressure at different times on account of the failure of developments in the rumored vanderbilt plan at yesterdays meeting of directors of the Vanderbilt railroads. There more less speculation based rumors that the Presi- dents forthcoming message was to take strong ground for the Federal control or restriction
 of great corporations. including the Northern Securities Compan. There was some revived apprehension of further gold exports, induced by the further recovery in foreign exchange. the hardening of money rates in London and the renewed decline in sterling exchange at Paris, all of which developments go to in | tensify the pressure upon New York for gold. | The expressed confidence of Berlin financiers. | according to cabled reports. that further gold was to go from New York to that point was | also disquietng influence. Berlin reports | the first awakening from the long continued | stagnation in it's stock market, and 1t Is said | that American capitalists have been watchful | for turning point in that market to take | advantage of the depression of values for the | placing of some capital. The announcement | that the United States Steel Corporation Syn | dcate was returning to its subscribers the l21e | per cent. of their subscriptions actually paid | in which amounted to S25.o0o, 900. did not | afect the corporation's stock, which main | tained their recent stability This operation | is expected to figure principally in the loan | Last weeks heavy loan contraction may find | an explanation in this development.
 l The movement of prices of railroad bonds | was irregular. Total sales. par value, S32so.- | 900. United Sttaes bonds were all unchanged | on the last call.