The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-25
FRACTIONS WERE
AGAIN A FEATURE
Rise in New York Central and
Pennsylvania.
NEUTRALITY-SUSPICIOUS.
Time Money offered a, Six Per Gent
Tia Market was Rasher Strong
rhroughou,-Features Of
the Day.
READlkclssuEsAlS0STR0NG
fBy Associated Press.)

NEW YORK. Nov. Achievements OF
beading stocks IN to-day.s market were
Irregular for the most part, this condi-
ton being dua in great measure to the
increased strength OF foreign exchange.
Demand sterling was quoted at $i.siA,
tho a ivance resulting largely from further
selling OF stocks here for London. To-
eether with heavy purchases Oh ex ,sa1al5'
houses While the high rate puts this CEN en-,
Ter nearer the gold export point. IT - san III
tic opinion OF experts that pressure !, VI, =,
be brought TO bear TO prewen, an 1ea oa.t the
level where transactions OF thai eo
could be prontabls adapted. a.sy
Time money was comparatively, ea, ~
most looms for ninety days OF s, Ia's,.,
being made al sa per cent y i. = Got beid
that considerable outside money. no. ., BIC
by local b,A.ks. has been loaned - .1i's
1igure IN the last few days. 49,, Lon
Receising no encourageinent a a u.s
don where the market Tor Ailei ira.as
was dull and sp;i,less. opei.ai t.,,,iancv
were generally lower t fons = 90, shown.
toward Improvement was soon G. pani.
EARLY dealing In such stochs as Metronoli,
Reading Atchison. Manhattan, Ny w
tan. Sugar, Colorado ! Gei -, at.I nm some
w t is,suss ssacss notably St. Paul and
Reading. soon recovered i,ncR iSia aii,,s
sue. made early gains OF "a anu u, ~ Js,red
cent for the common anu - t. go. -
Shares 5respoctIvely. on heavy lrailsa 1
.in,1s The strength of these stocks
brought sharp recovery. pii. ams a,,.
.lcrcy pressure being shown against MIS-
souri, Pacific. Southern Pacific ana New
York Central all declining polnt OF
more WIN greater losses In Canad 10,
Ieaaiifc ana Hooking Valley. Louisville
and Nashville was decidedly cratic.
stsarting with point decline, TaiiSlils
l and then declining sitnost as
rnealIwi4ls we'll sustained. During the
early period there We're few movements
Of Importance In the industrlals. goloraao
lauei displaying further heariness on re-
r,orts OF a renewal OF the contest Tor con-
troll. but In the later transactions re-
covered with a net gain OF ! points on
moderate transactions. In the special
class Pressed Steel Car was higher. while
single sale Of New York Air Brakes
was recovered at a decline OF 81 points
Trading continued dull and largely pro-
fessioilai until the afternoon, when a new
movement in Manhattan advanced IT,
stock to 1;S. from which it declined .
points. closing With net gain Of z points
OF, very large transactions
Tho great bulk OF Manhattan buying
was by Gould brokers. The movement IN
Manhattan stimulated buying In New
York Central and Pennsylvania. but Me-
tropolitan and Brooklyn Rapid Transit
were little affected either way.
The bear faction traded cautiously but
took courage from the absence OF any
news regarding the so-called Manhattan
deal and made a successful attack on
that and other stocks. New York Cen
trail and ST. Paul were forced down. while
attempts to move Amaigamated COPPER
met with! Boston selling. Snort cover
ing IN tho tinal dealings was hardly snf-
ticient volume 10 prevent an irregular
close London sold fully 2nooo shares. a
total of about ll5.el1 in tho last four days,
and bought nothing. The lack of London
buying was attributed partly to the APP
preaching fortniEhtiy settlement there
Bonds We're irregular and rather dull.
Early losses were. largely recovered when
the stock market developed strength.
Total sales, par value. 100000. United
States and IS declined Il per cent. on
the last call.
The total sales OF stocks for the day
were SS2,1o0 shares