The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-28
STOCKS AND BONDS.

New oYrk, Nov. 27.-There was a good
deal of hesitation about the speculation
on the stock exchange today. There
were a 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
st 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 manifest hesita-
ton OF the buying and succeeded in re-
ducine the price level considerably. espe-
cially at points where il had been adj
vanced in the morning. The strong stocks
were influenced apparently by individual
causes and their movement was not ac-
comnanied bv any news 10 explain it.
Sugar was actively traded in all day and
was lifted an extreme SO. Manhattan
maintained its recent aggressive strength
and advanced . points further General
Electric added ~ points to its yesterday s
jump. but lost an but one point Of the
gain before the close. The recent severe
pressure against Amalgamated Copper
was relaxed. and that stock rallied rs
after reacting To p shade under last night,
but became comparatively steady above
that The Quieter tone of this stock was
a 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 10 affect st.
There were various other points Of
strength along minor railroad stocks in
tAe group Of coalers and Southwesterns
and "a large demand for Southern Railway
preferred lifted Il az one time rs Ev-
ausVuIe and Terre Haute gained 3. New
York Central was under pressure ut diff
foVent times u1 account Of the failure
of the developments I'm the rumored Van
aerliit plan at yesterday s meeting or the
directors az the Nanderblt railroads.
There was more or less speculation based
on ramors that the presidents forthconi-
ing message was To lake strong ground
for the federal control or restriction OF
great corporations. including the North
ern Securities Company. There was some
revived apprehension Of further sold eN-
ports induced bv the further recovery IN
foreign exchange. tire nar1f mig ot money
rates iu London. and the renewed decline
in sterling exchange at Paris. All ~
which developments so 70 intensity the
pressure upon New York FOR gold. The
EXPRESSED confidence II Berig dranciers
according 90 cabied reports that further
sold was To Sc from New York a. that
point was also q disquieting influence.
Berlin reports the urst awakening from
the long continued stasuat-on ia its stock
market. and il IS said thar American cap
stsfsrs have been watchful Eor turning
point in that market 10 take advantage
of tile depression az values for The Qlac-
ing Of some capital. Tho announcement
thar the Unlled States Steal corporation
syndicate was returning - Us subscribers
tbe r-1s usr cent az Iheir So Scrlptto-s
actually paid ln. which amounted 10 So
eauaJ did not affect tne corporation
stocks which maintained their recent sta
bHlv. This operation is expected O. iis-
ure principally in the loan item or the
banks as cancellation 81 loans lbs.
week heavy loan contraction may iila
fan explanation ia this DEVELOPMENT. l-e
4 movement az prices 81 railroad bonds was
Irregular Total sales. par value, $50
ea. United States bonds were al Ga-
changed cl the las- CALI