The daily morning journal and courier., 1901-11-28
IHE SIOCh MA khl lsL.
A Good Deal of Hesitat,on.

New York, Nov. 27-There was a good deal of hesitation about the speculation on the stock exchange today, There | were number of conspicuous advances, which failed to attract any considerable following or to reflect any marked influ-
 ence on the general list. The selling pressure, however, was not acute. There was moderate realizing whenever the strength of the market permitted.
 but it WAS not urgent and was not
 pushed at the expense of values. The
 bears made an attack on the market late in the day, encouraged by the man | fest hesitation of the buying, and suc-
 ceeded in reducing the price level con-
 siderably, especially at points where 1t
 had been advanced in the morning. The
 strong stocks were influenced apparent ly by individual causes, and their move ment was not accompanied by any news to explain it. Sugar was actively
 traded in all day and was lifted an ex- treme 31s. Manhattan maintained its recent aggressive strength and advanc- ed 2 points further. General Electric added 71s points to it's yesterdays jump, but lost all but one point of the gain before the close.s
 The recent severe pressure against Amalgamated Copper was relaxed and that stocl. rallied 19s after reacting to shade under last night, but became comparatively steady above that The uuieter tone of this stock was relief to the whole market, and the violent break in the raw copper market in London and the heavy selling of Rio Tintos in Paris did not seem to affect 1t. There were various other points Of strength among minor railroad stocks in the group of coalers and southwest erns, and a large demand for Southern Railway preferred lifted it at one time 1M. Evansville and Terre Haute gain ed points.
 New York Central was under pres sure at different times on account of the failure of developments in the ru- mored Vanderbilt plan at yesterdays meeting of directors of the Vanderbilt railroads. There was more or less spec ulatiop based on rumors that the pres- ident's forthcoming message was to take strong ground for the federal con- trol or restriction of great corporations, including the Northern Securities com pany.
 There was some revived apprehension of further gold exports. Induced by the further recovery in foreign exchange, the hardening of money rates in Lon don and the renewed decline in sterling exchange at Paris all of which devel- opments go to intensity the pressure upon New York for gold. The express ed confidence of Berlin financiers. &C., cording to cabled reports, that further gold was to go from New York to that noint was also 6 disqueting influence Berlin reports the first awakening from the long continued stagnation in its stock market, and it is said that Amer ican capitalists have been watchful for A turning point in that market to take advantage of tine depression of values for the placing of some capital.
 The announcement that the United States Steel Corporation syndicate was returning to it's subscribers the 121s per cent of their subscriptions actually paid in. which amounted to $25e00,0 GOO, did not affect the corporations stocks, which maintained their recent stability. This operation is expected to figure principally in the loan item of the banks as a cancellation of loans. Last weeks heavy loan contra action may find an explanation in this development.
 The movement of prices of railroad bonds was irregular. Total sales, par value, $329O,000.
 United States bonds were unchanged on the last call.