The Topeka state journal., 1902-11-19
MARKETS TODAY.
Wall Street FURRY Is Not En-
tirely Over.
Excitement Is Much Less Than
Last Week.
LIVE STOCK TRADE.
Both Cattle and Hogs Suffer a
Decline.
Wheat Holds It's Own but Corn
Takes Drop.

Wall Street, New York, Nov 19.-STOCKS
Liquidation was renewed at the opening
OF the stock market today and the down
ward tendency was largely assisted by the
weakness of the London market. Yester-
days notably weak stocks bore the brunt
of the selling, ST. Paul Union Pacific.
Louisville, Canadian Pacific Baltimore
and Ohio and ANA gamated Copper losing
from l to ~ points. Colorado Fuel dropped
points Manhattan was the only conspic-
uous exception, opening wide and advanc-
ing to 1895, with about 5000 shares cha ng-
ing hands in the first few transa ctiofls.
The closing price of yesterday was 1924
Speculation in Manhattan was of SEN
sational character. large blocks being ab-
sorbed on steadily rising scale which ad-
yanced the price aboutS points, to 80, in
so urgent that bids for the stock were ad-
Xanced II to l point between transactions
The movement was. attended by revival
or OLD rumors such as prospective rights to
stockholders and the lease to the New
YORK YORK Central on a guaranteed dividend
l47, and was less active. The general
market. after recovering somewhat from
its opening decline, fell off to a lower level.
/ When Manhattan's ria eliminated the
stocks advanced decidedly, Missouri Pa
/ eifc. Analgamated Copper Union Pacific,
virtually all of the earlier stocks rallying
a point or more Colorado Fuel jumped 4
points, from the. lowest, while Delaware
and Hudson lost 3A points.
Traders sold the list again and depressed
some of the leading railroads 20 the low
est. Prices in the main reacted to about
the earlier low point and dealings were
less active. Manhattan was steady around
147 for long time but shortly before noon
ran up rapidly again to near the highest
point.
Bonds were slightly lower at noon
The extraordinary strength and activity
/ of Manhattan railway shares. in the face
/ of an otherwise weak market attracted
much attention in financial circles today
The, stock. which has advanced IS points
Of points in ne the Tst half half hour ~ Of today
gain soon lost. All sorts of rumors
and reports were in circulation to account
for the rise. but nothing in the way OF
Large purchasing orders appeared sinn:ll-
taneously in the general list following thf
renewed rise in Manhattan and the stand
ard railroad stocks rose strongly. st. Paul
Pennsylvania, New York Central Reading
Yesterdays final figures. Manhattan yield
ed later to 14S, but Brooklyn Rapid Trpn-
sit took its place as a speculative leader
| advancing quickly to 615s, compared with
5S11. yesterdays close
Stocks were quite feverish in the closing
hour, wide fluctuations in St. Paul and
| Manhattan producing erratic movements
In the general list Business was smaller
in volume than earlier in the day, but To-
wards the close the market hvened VI
sod near 173. The closing was strong.
again in the local traction stocks, led by
Manhattan, which scared ~ points, tc
1915, followed py metropolitan StrSe'
Railway and Brooklyn Rapid Transit
which gained SIS and 615 points respec-
| lively.
The buoyancy of these stocks started
| rumors of combination, etc, which lacked
! corroboration from official sources Third
avenue also jumped three points and Con.
solidated Gas, which had been down tt
209 rallied to PIP. The erect of thest
movements on the general list was very
beneficial shorts buying very heavily an5
4 lifting prices well above yesterdays close
Sugar. Missouri Pacific and Reading made
gains of over a point. The. traction stocks
fell off later from 2 to 219 points, Manhat-
tan leading. and the general market he.
came reactionary.