The Birmingham age-herald., 1902-11-28
SIOCK MARKET
 YET IRREGULAR Manhattan Was Again Exten-
 sheIy Dealt in.
FEW STOCKsHA0S H
Professional Element Showed Little Inclination to Make Commitments Over Holiday and the Whole
 Exchange Was Dull.

New York. November 26.-With few ex- ceptions today's stock market was V1- tually a repetition of the first day Of the week. There was the same irregular tone with many issues at increased pressure. The only important development was the official announcement of the Manhattan 1nterborough lease. Manhattan was again very extensively traded in and maoe an early rise of 11s per cent later aoVaie ing to 1571h and closing at l5o1s' ne' gain of 2H points on transactions coiisiu erably in excess of one-fourth or the eA tire days business. There was muen
 initiation of Manhattan on the old theory thai a stoclx is a sale when the good news is out The only stocks that openeu "isH a show of strength were Coloraoo ruei which continues to be the center oA @ fierce controversy, and Rock lsiano pre- ferred, which. after a brief period ol heayiness. advanced 1% per cent ana which closed with a net advance Of point The international list was gen. erally lower and the material decline in Reading was ascribed to disappointment over the outcome of the more recent coal settlement negotiations. Early dealings also reflected much pressure against Oh- ion Pacific, Southern Pacific St. Paul anu Baltimore and Ohio, while the industrlals were very inactive, with pronounced heaviness in the United States steei stocks As on the previous day, the move in Manhattan brought slight improvement elsewhere in the list. but the rally parely covered initial losses save in St. Paul ana Reading. The market became 'duller ana more irregular with operations altogether professional. Colorado Fuel, after TUT ther gain of a point, reacted IF per cent and rclosed unchanged. Amalsamateo Copper seemed to have some support ana sugar was about steady. There was prac. tically no news to explain the course oi other leading stocks, except m tne lali- ~ road group, where some UNSATISFACTORY traffic returns was reported. On the otner hand certain standard railroad issues showed great increases. Several purchases of Manhattan in 5000 share blocks came out before noon and scores or lVoV shaie lots were traded in Manhattan price crossed Pennsylvania Tor the nrsI eliiie in some years St. Paul Southern Pacl- -ac ITnion Pacific and Atchison were bla m fractionally at times but 1t was op- served that these stocks sold of at the first exhibition of weakness. AS the uay wore on, the professional element shoWeo less inclination to make coInihiliheneo over the holiday. Commission buying was nominal throughout and much or that was western liquidation of the steel stocks. Little change in the conditions resulted from the Manhattan Interior. ough announcement. The weakness or Texas Pacific was supposed to result from the idea that that road might be most affected by any aggressive opera 1ions of the anti-Gould interests. The tone of the market at the close was weak. Trading for London account amounted to about 15,O000 shares, evenly divided and of an arbitrage character. sheriing exchange relaxed slightly, demand ster- ling being quoted at 4S7.2OQ4S72 25
 Some. of the active bonds declined today b,,t there were also issues which advanc- ed slightly. Total sales, par value SS'- sS5,000
 United States bonds were all unchanged on the last call.