The Birmingham age-herald., 1902-11-29
STOCK PRICES
 CLOSE HIGHER
Advances Were Attributed to Some Extent to Short Demand
ATTENDANCE VERY SMALL
Trading Was Dull. the Total Transae. tions Not Exceeding Half Million shares-Many Bankers Have
 Not Yet Returned.

New York; November 8-Priees of stocks closed today considerably higher than on "wednesday, in spite if some rather unfavorable developments and the continuance of some apprehension over monetary conditions. The advances were attributed to some extent from some demand of the short interest to cover. Inducement to do this was offered by the bidding up of prices by an element among the traders which set out to make a campaign against the bears. The short interests was shown to have been accu- mulating contracts for some time and their commitments were extended on Wednesday on the eve of the holiday. To- days trading. nevertheless was dull. as shown by the total transactions, which did not exceed half million shares. The attendance at the board was small, many brokers having left the city on Wednesday evening to stay over the end of the week It was regarded as fa- vorable incident that the day passed without any additional pronouncement of hostility on the part of either side to the controversy for control of Colorado Fuel Tho most notable desnonstrahon of the day was In Louisville and Nashville, which was lifted nearly points, carry ing with 1t Southern railway and n1i- nois Central in sympathy. The movement was unexplained except on the ground of comparisons contained in recent cir cular of the investment value of Louis vile as compared with other dividend paying stocks. The movement in sugar contained all the earmarks of a cam paign against the shorts and the urgent demand at the last carried the price up over five points. Vague rumors of a deal accompanied the rise in Hooking Valley. Another center of activity was in the local fractions. Brooklyn transit at this time lead the advance. Manhattan was very active but fluctuated narrowly and showed the effect of realizing.
 Rumors were again circulated of a com bination of all the local transit facilities and share in their control in the inter est of the Pennsylvania and New York Central. The strength of St. Paul was due to the expectation that the directors would act on the authority to issue new stock at today's meeting. The stock ran off on the adjournment of the meeting without action. The various centers of strength helped the general advance in the market, which reached point or HUI III d lOIS HSL OI StOchS. The mar ket receded when the call money rate advanced to per cent in the late deal 1ngs, but rallied again and closed steady under the influence of spurt in sugar The preliminary estimates foreshadowed poor bank return tomorrow Up to Wednesday the banks had lost to the sub-treasury SS,4S2, 0O0 including deposits for transfer to the interior. Today there was deposited, in addition. $50O,00o for transfer to San Francisco and S10O, 900 for transfer to Chicago The sub-treasury also had a credit balance at the clearing house this morning and the result of ac- cumulated revenue collections over the holiday. The interior movement of cur rency by express was small both ways and the receipts here on balance amount ed to less than $100.0O0. New York ex- change at Chicago also recovered today to 2Oc discount. Sterling exchange con- tinued firm but the retention of the { per cent discount rate by the Bank of Eng l1and had favorable effect
 Bonds were dull and irregular. Total sales, par value, $1,415,000 United States tSs registered declined 4 per cent on the l1ast call