The Montgomery advertiser., 1902-11-20
WALL STREET REVIEW
INTEREST cENTERs IN NEW M YARK FRACTIONS.
Manhattan as on Previous Days of Week the Real Feature of the Market with Maximum
 Advance of g Cents.

NEW YORK, Nov. Ie.-Interest in today's . stock market centered almost entirely in the active anSscuons nca., which were very strong and about one-quarter of the entire days business ,s.s,i mannattan as on the previous days of the week was the real feature with a maximum, advance of over points and a net gain of oN. Metropolitan and Brooklyn Transit, which sin, taken os I up iatsr in the day scored net Street" is convinced that some sort of a deal is on in Manhattan and there are those caly all the street lines in Grester New York Manhattan. according to rumors current during ,ne aay, may go to Metropolitan interests or be suo-way system now in course of construc- tion Rumors regarding Brooklyn Transit had 70 d9 with Pennsylvania Railway interests. The Pennsylvania road as is generally known controls the Long Island Railroad and has osner o1 interests in Kings and Queen Counties. Nevertneless. the rumor coupling Pennsylvania with Brooklyn Transit was generally secuted Opening prices reflected further pressure in all the active stocks except Manhattan. Colorado Fuel declined points and there were average losses Of point or more in Baltimore and Ohio St. Paul. Union Pacific and Amalgamated copper while Reading. United States Steel and Sugar also sold lower. Manhattan mean time continued to advance on buying orders attribunted to Gould brokers. and in the first thirty minutes advanced to i5o from which 1t fell points but as is shown. more than covered this. loss. Prices gradually improved in many of the standard issues. Traders who had been out of the market for some days took the long side and the short interest COW
 
 Sugar. Trading in Manhattan during the early session was wide that the stock gained a point between quotations. It was reported that a very prominent operator was engineering the movement. Recoveries at this time else- where in the list were feverish and cratic. as was shown fin the course of such stocks as Metropolitan. Louisville and Nashville. St. Paul Rock Island. Missouri Pacific and Ca- nadian Pacific Sugar continued steady on re- ports of better trade conditions Colorado Fuel fluctuations were wild. making at one time an abrupt rise of points, though closing 2 points below yesterdays close General Electric were on points on small sales. but the mar ket at this particular period seemed to be meet ing more stock than it could absorb. The early afternon brought the real upturn in the trac- tions. and fin the general rally an improved tone was shown by St. Paul. Reading, Norfolk and Western. Southern Pacific. Union Pacific, Baltimore and Ohio Wabash pfd. Atchison and some others in the same class. The closing was strong and active for the first time in some days. Nothing was said respecting gold exports. The scarcity of time money has forced borrowers to appeal to foreign bankers for ac- commodations and more loan bills were offered today.
 Railroad bonds heavy in the early dealings. but improved later with the rise in stocks Total sales. par value. S3, ooo, 900. United States bonds were all unchanged on the last call.