The Montgomery advertiser., 1902-11-18
WALL STREET REVIEW
PRESENTS FEW MARK
ED CHARACTERISTICS.
Manhattan, Which Was Especially
Strong and Active, the Feature
of the Days Trading-The
Opening Weak.

NEW YORK, Nov. 1.-THE stock market
presented few II any marked characteristics
today. Although London prices showed I'm m
liquidation 81 those who withstood last weeks
depression ash we'll as by the profit taking OF
SPECTATORS who bought during that same Pc
Rod. The uneven conditions gave way to a
better feeling before the END Of the sr nrs,
vague rumors of trouble were unfounded
In this stock. which was bought openly in big
OF the entire day was Manhattan which was
exceptionally strong and active. making
maximum and net gain of over points on
transactions that more than exceecsd one
fifth of the days total, operations. the rise
blocks by brokers who usually represent Gould
with a fractional advance in Brooklyn Transit
in this revived the only story ye that Yos
on a guaranteed dividend No confirmation OF
this was obtainable.. nor did any great amount
were strong in sympathy. Metropolitan on
very Hight transactions gained over a point
wit ha fractional advance In Brooklyn e. ps,,;
Considerable attention was drawn to 81. raul
by reason of its rather irregular movements
and the stock closed with slight loss. New
~, lost most of its advance and Baltimore
and Ohio fell over point from the top IN
spite Of its good showing IN earnings ss., ,os
that displayed heaviness included the racine
group the pressure against Union Pacific at
class Colorado Fuel, United states Steel,
American Smelling. Sugar and few others
were steady. Sugar made materisi net
gain For the most part, however. changes
were unimportant during the early session ana
the market was narrow. trading showing q
disposition to await developments IN tine iocal
financial situation. The chief feature In this
quarter was the transfer of $3.50. 600 to san
Francisco and S4oo. 900 to New Orleans max,
in "a total of ST. 900 600 to the frs tnamed
center in the last four days. This Drain on
local resources not regarded with Iavor.
There was practically no change IN 1oreigh
exchange demand sterling ruling at 4SI.
While bankers say they look for no immediate
EXPORTS the fact that three fast ships landing
AT French ports leave this city during the
week created more uneasness. Call money
was as high as per cent and as low as
an, the bulk of loans being at ~ per cent.
early declines and sold the greater part on
the rise The increased dividend In Norfolk and
Western common failed to bring any material
Improvement to that stock. although deahhss
were moderately heavy. The decline OF On
poipts in General Electric resulted from re-
ports from labor troubles at the company
works at Schenectady. Profit taking in the last
hour brought recessions to q number OF actlVe
issues and while the market rallied the close
was irregular The question OF increased rail-
road wages continues to beT4 mater OF seri-
Gus discussion as well as the congestion OF
freight traffic on the leading roads and II Is
nracticaiiy every trunk road will be taxed
to the utmost. =, $1,000
Bonds were irregular on small range
Total sales (par value) So. Gas 600
tinted states old As declined Y per cent
on the last call.
Nauy york Srock Ifsk