The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-11-28
NEW YORK. STOCK H1ARhET

New York. November 5.-Scntiment
was rather mixed today. the irregular
course of the market rejecting the
many conflicting reports industriousIy
calculated. Trading while not espe-
ciaIly light. was chiefly professional.
outsiders holding off in view of the
further advance of foreign interests.
Many traders showed a disposition 10
keep out OF the market, pending the
publication of President R~oosevelt's
message in which important recon-
mendations regarding trust and tariff
legislation are looked for. Foreign ex-
change advanced TO the highest point
yet cache in he present upward
mOvement. Demand bills sold up to
4S7-H.
The price o declined ten points.
however, al which level most OF the
days business was done. Much of the
den and was due 20 arrangements TO
me obligations maturing in connec-
ton with the London settlement on
Thursday, as well as some syndicate
payments which fall due abroad this
week. While gold Exports are now
within easy range Of negotiation. ef-
forts are being made to forestalI a
movement provided the offerings OF
finance bills viii sufficiently depress
the rate to make paper remittauCes the
cheapest medium OF exchange. The
struggle for control OF 6. +. /. is a puZ-
gle 10 most veterans of the financial
district, hut ii is not believed that the
apparent differences between the con-
tading parties Will involve the various
railroad properties i'm which they are
interested. Nevertheless heaviness was
shown during the day by Missouri Pa
clfic and Union Pacific as well as by
other Gould and Hartman stocks.
Rumor was again busy with Man
haitian, and that stock was most irreg-
uiar, opening with a fractional decline.
advancing over two per cent, then
selling off over ; per cent. then up
over four points to 155 IL and closing
with a net gain OF less than "A point
on heavy trading. There were reports
that a deal had been closed. but no
verification was o~btainable. Declines
were general at the opening. New York
Central, 81. Paul. Union Pacific, Read
ing, Sugar and other active issues sell
ing of more OF less extensively. The
movement in Manhattan scoE brought
a better ton" with TO '-rste rallies IN
the standard issues. Colorado Fuel
was IN early demand at a better price.
and The later course OF that stock was
lite short Of sensational, With an ad-
= OF over s per cent. ard a net OF
two Joints. Sharp selling movement
follow 60 the first rally with declines OF
q point or more in nearly all the lead
.2g Issues. Manhattan cratic course
continued. and the other fractions were
heavy. as were also Sugar and Anal
gdmated Copper
reports concerning the
coal strike settlement. exerted a brief
favorable influence but some easiness
was shown at this time at the sale OF
a block Of 5000 shares OF Union Pa
cific preferred by Gould brokers. There
was considerable liquidation. chiefly N
the stocks which Colorado Fuel inter
ests are identified Heavy purchases
OF Reading around 81 attracted atten-
ton but that stock was among the
principal sufferers in the selling move
ment at he close with important losses
In New York Central, Baltimoee and
Ohio, st. Paul, Missouri and Union
Pacific. There were unimportanI re-
~coveries and the tone of the market at
the close was steady.