The age-herald., 1901-11-28
HESITATION IN ATHi.E|:. .|:. STOCK MARKET Several Conspicuous Advances Faiito Attract Following SUGAR WAS QUITE ACTIVE Recent Severe Pressure Against Amal- aamated Copper Was Relaxed,
 Which Came as Relief
 to Entire Market.

New York, November 27.--There was good deal of hesitation about the specu- lation on the stock exchange today. There were number of conspicuous ao- vances, which failed to attract any con- siderable, following or to reflect any marked influence on the general list. The selling pressure, however, was not acute. There were moderate realizing whenever the strength of the market per mitted, but it was not urgent and was not pushed at the expense of the values. The bears made an attack on the market late in the day, encouraged by the man. ifest hesitation of the buying and sue ceeded in reducing the price level con- siderably. especially at points where it had been advanced In the morning.
 The strong stocks were influenced ap- parently by individual causes and their movement was not accompanied by any news to explain 1t. Sugar was actively traded in all day and was lifted an ex treme BE. Manhattan maintained its re- cent aggressive strength and advanced 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. The recent severe pressure against Amalgamated Copper was relaxed and that stock rallied 59s after reacting to a shade under last night, but became com paratively steady above that. 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 to affect it. There were various other points of strength among the minor railroad stocks in the group of coalers and Southwesterns and large demand for Southern Railway preferred lifted 1t at one time 17s. Evansville and Terre Haute gained 4 New York Gen. tral was under pressure at different time on account of the failure of de- velopments in the rumored Vanderbilt plan at yesterdays meeting of directors of the Vanderbilt railroads. There was more or less speculation based on rumors that the Presidents forthcoming mess age was to take strong ground for the federal control or restriction of great cor porations, including the Northern Securi- ties Company. There was some revived apprehension of further gold exports in-
  exchange, the hardening of money rates in London and the renewed decline in sterling at Paris which developments go to intensity the pressure upon New York for gold. The expressed confidence of Berlin financiers. according to cabled reports. that further gold was to go from ssNew York to that point was also a dis 3quieting influence. Berlin reports the first awakening from the long continued stagnation 'in its stock market, and 1t is said American capitalists have been watchful for turning point in that mar ket to take advantage of the depression of values for the placing of some capital. The announcem ent that the United States Steel Corporation syndicate was return ing to its subscribers the 121 per cent of their subscriptions actually paid in, which amounted to 25,0O0 GOO. did not af- feet the corporations stock, which main tained their recent stability. This opera tion Is expected to figure principally in the loan item of the banks as a cancella- tion of loans. Last weeks heavy loan contraction may find an explanation in this development.
 The movement of prices of railroad bonds was irregular. Total sales par value, s3, ,2so.0O0.
 United States bonds were all unchanged on the last call.
 New York Stock Market.