The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1902-11-20
YESTERDAI1S STOCK MARKET.
Inierest Centers In the transactions
Which Were Very Strong and Ctiyo.

which Were Very Strong and ACtivo.
New York, Nov. 19-Interest in to-
days stock market centered in the
fractions, which were very strong and
active. Operations in that group ag-
gregated about one-quarter of the en-
tire days business. Manhattan, as on
the previous days of the week, was the
real feature, that stock making max
imum advance of over 8 points, and
net gain Of rs. Metropolitan and
Brooklyn Transit, which were taken up
later in the day, scored net gains Of
8 7-8 and Ia points, respectively. The
street" is convinced that some sort of
deal is on in Manhattan, and there
are those who believe that the deal in
cludes practically all the street lines of
greater New York. Manhattan, ac-
cording to rumors curren during the
day, may go to Metropolitan interests
or be taken over by the syndicate
which controls the subway system now
in course of completion. Rumors re-
garding Brooklyn Transit had to do
with Pennsylvania railroad interests.
The Pennsylvania road now controls
the Long Island railroad, and has other
interests in Kings and Queens counties.
Nevertheless the rumor coupling Penn
sylvania with Brooklyn Transit was
generally secuted.
Opening prices reflected further press
in a Man
haitian. Colorado Fuel declined 8
points, and there were average losses
of a point or more in Baltimore &
Ohio, st. Paul, Union Pacific and
Amalgamated Copper, while Reading,
United States Steel and Sugar also sold
! lower. Manhattan meantime contin-
ued to climb on buying orders attrib-
uted to Gould brokers, and in the first
thirty minutes advanced to $50, from
which it fell points but, as is shown
more than recovered 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
covered extensively, especially in Man.
haitian and Sugar. Trading in Man.
haitian during the early session was sc
wide that the stock gained point be-
tween quotations. 1t was reported that
a very prominent operator was engin'
eering the movement. Recoveries al
this time elsewhere in the list were fe-
verish and erratic, as was shown ir
the course of such stocks as Metropoli'
tan, Louisville and Nashville, st
Paul, Rock Island. Missouri Pacific and
Canadian Pacific. Sugar continued
steady on reports of better trade con.
ditions. Colorado Fuel fluctuated wild,
ly, making an barupt rise of points
though closing 2 points below yester-
days price. General Electric went of
2 per cent. on small sales, and the mar
ket at this particular period seemed tc
be meeting more stock than it coulG
absorb. The early afternoon brought
the real upward movement in the
fractions. In the general rally an i'm
proved tone was shown by st. Paul
Reading, Norfolk and Western, South,
ern Pacific, Union Pacific, Baltimore
and Ohio, Wabash preferred, Atchisor
and some others in the same class. The
closing was strong and active. For the
first time in some days nothing wa:
said respecting gold exports. The scor'
city of time money has forced borrow
ers to appeal to foreign bankers for &C
commodations and more Ian bills were
offered to-day.
Railroad bonds were heavy in the
early dealings but improved later with
the rise in stocks. Total sales, pal
value, 100000.
United States bonds were all un
changed on the last call.