The Montgomery advertiser., 1902-11-26
WALL STREET REVIEW
SENTIMENT RATHER MIXED
DURING THE DAY.
Irregular Course of the Market Re-
fiected the Numerous Conflicting
Reports Industriously Circu-
lated-Message Awaited.

NEW YORK. Nov. 25.-sentiment was rath-
er mixed today, the irregular course Of the
industriously circulated. Trading. while not
especially light. was chiefly professional. out
sidsrs holding on in view OF the further al,
conflict between certain large railroad interests.
Many traders showed a disposition to keep out
President Rocsevelt's annual message. I'm
which important Recommendations resardins
Foreign exchange advanced to the highest
point in the upward tendency. Demand bills
sold at s4.S7 30. The price soon declined 10
days business was done. Much of tn demand
was due to arrangements to meet obligations
maturing in connection with the London set
Element on Thursday as well as some syndi-
cate payments which fall due abroad this
week. While gold exports now within
easy range Of negotiations, efforts are being
made to forestaii a movement provided the
offerings Of finance bills will sufficiently de-
press the rate TO make paper remittances the
cheapest medium OF exchange. The struggle
for control of Colorado Fuel and Iron is
puzzle to most veterans of the financial dis
triet but 1, Is not believed that the spparen ,,
involve the various railroad properties IN
which they are Interested. Nevertheless,
heavincss YVES shown turing the day by Ms
souri Pacifcs AMI Union Pacific as we'll as by
other Gould and Hartman stocks. Rumor
was again busr with Manhattan and that
stock was most Irregular. opening with frac-
tional decline. advancing over per cent,
then selling off over 3 per cent, then up over
pClnts 10 1922 anu closlHs Win a met gain
of less than a point on heavy trading. There
were reports that dear had been closed.
but verifcation was obtainable Declines
were general at the opening, New York Cen
trail, St Paul, Union Pacific, Reading, Sugar
ard 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 later
course of that stock little short Of SEN.
sattonal with advance Of over per cent.
and a net gain of points. sharp selling
movement followed the first rally with a de-
cline of a point more in nearly all the lead
ing issues. Manhattan's errstic course con-
tinued md the other fractions were heavy as
were also Sugar and Analgamated Copper.
Premature reports concerning the coal strike
settlement exerted brief favorable infiu-
enee. but some uneasiness was shown at this
time at the sale of a block OF 5 600 shares of
Union Pacific preferred by Gould brokers'
There was considerable liquidation chiefly in
are identified. Heavy purchases Of Reading
around 81 attracted attention. but that stock
was among the principal sufferers In the
selling movement at the close with important
losses in New York Central. Baltimore and
Ohio. st. Paul, Missouri Pacific and Union
Pacific. There were unimportant reooveries
and the tone of the market at the close was
steady Rumors of a probable advance in the
discount of the Bank of England on Thurs
day were among the disqueting features. Lon
don traded in about i2,oo0 shares. half pur-
chases and half sales.
Bonds showed heaviness in sympathy with
stocks and Wabash debenture developed ex-
ST. e55 600. United States as coupon ad-
vanced Y per cent. on the last call.
New York Stock List