The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-11-26
TRADERS ARE
KEEPING OUT
Professionals Only Daring
RooseyeltS Messages Effect.
TAN STILL UP
War of Veterans Has Its
Influence.
Has Its

New York, Nov. 25-sendment was
rather mixed today. the irregular course
OF the market rejecting the many conflict
ing reports industriously circulated.
Trading. while not especially light. was
chiefly by professional outsiders Many
traders showed disposition 10 keep out
OF the market pending the publication Of
President Roosevelts annual message. in
which important recommendations re
garding trust and tarlu legislation are
looked for
Foreign exchange advanced 70 the high
est point yet reached in the present up
ward movement Demand bills sold up
TO SiSI+4- The price soon declined 10
points. however. at which level most OF
the days business was done. Much Of
the demand was due 10 arrangements 10
meet obligations maturing in connection
with London settlement on Thursday. al
well as some syndicate payments which
fall due abroad again this week While
gold exports are row within easy range
Of negotiations. efforts are being made
70 forestal a movement. provided the OF
ferings of finance bills viii SUFFICIENTLY
press the rate TO make paper remittances
the cheapest medium of exchange.
The struggle for control OF Colorado
Fuel and Iron is a puzzle TO most vet
Grams Of the financial district. but il is
not believed that the apparent differ
ences between the contending parties viii
involve the various railroad properties in
which theE are interested. Nevertheless.
haviness was shown during the day By
Missouri Pacific and Union Pacific. as
well as by other Gould and Hartman
stocks.
Rumor was again busy with Manhattan
~ Il.
ing with q fractional decline. advancing
over > per cent. then selling of over
per cent then up over { points. 10 1864
and closing with net gain of less than
point on heavy trading. There We're
reports that q deal had been closed
but no notification was obtainable. De-
clines Were general al the opening, New
York Central. ST. Paul. Union Pacific.
Reading. sugar and other active issues
selling OF more or less extensively. The
movement in Manhattan soon brought
better tone. with moderate rallies in the
standard issues Colorado Fuel was IN
early demand at a better price and the
latter course of that stock was little less
than sensational. with an advance OF over
per cent and net gain OF points A
sharp selling movement followed the first
rally. with declines OF a point or more IN
all the leading issues Manhattan er-
ratio course continued and the other trac-
tions were heavy. as were also sugar
ard Amalgamated Copper
Premature reports concerning the coal
strike settlement exerted brief favor
able influence but some uneasiness was
shown al this time al the sale Of block
OF 5000 shares of Union Pacific preferred
by Gould brokers There was consider
able liquidation. chiefly in the stocks IN
which Colorado Fuel interests are inter
ested Heavy purchases Of ReadiSs
around 81 attracted attention. but that
stock was among the principal sufferers
in the selling movement II The close. With
important losses in New York Central
.aHimore and Ohio. St Paul. Missouri
Paci.c and Union Pacific There were
unimportaut recoveries and the tone of
the market az the close was steady
Rumors Of a probable advance IN the
discount rate or the Bank Of England
on thursday We're among the disquieting
features London traded in about 1900
shares. half purchases and half sales
Bonds showed he2viness I'm sympathy
with stocks and Wabash deoenture fours
developed exceptional weakness Total
sales. par value. Sl.e55.oo. United States
threes coupon. advanced IS per cent on
the last call.
Closing stock quotations were as fol-
lows