The evening world., 1903-11-17
Handling of Call Money Sudden
i iy Checks an Upward Move
ment, and Market Which Was
Strong Became Heavy.
THE FRACTIONS FALL BACK.
With steel They Close the Weakest
on the List After Having Made
Excellent ShowIne-sugar Gains
and Pennsylvania Unchanged.

While the stock market was at Its
strongest this afternoon there was a
sudden hardening of call money and an
advance in sterling. which Immediately
weakened the list, and trading closed
heavy. with prices irregular.
After the first run Of trading to-day
the market developed a decided ten
dcncy toward higher prices. The move
ment from that time on was upward,
with now and then slight reactions of
the smallest fractions. The higher prices
got, though. the slower the market be-
came. which was a pleasing feature to
the bulls. as it showed that there was
very little stock pressing for sale.
Every one saw in the heavy Increase
On eliorts a saving clause in the general
situation. and those who AVE been able
TO see nothing nothing hopeful thought
that really there might be some saliva
tior after all in large corr and wheat
crops n big cotton crop and immense
steel exports.
Another engagement OF 81, SOC, 900 Of
osld for import in the face of engage
ments ag%gregating $4,000 o gave prom
ise of a gain in cash for the banks. The
report from the banks is that the move
m.nt of money has turned toward this
centre. and this means a better state
ment next Saturday. -
The advance in Brooklyn Rapid Tran
sit was based upon the report of the
good earnings for November. 1t looked
as If the strength OF the stock was due
AL l
which Flower & Co are the accredited
leaders. 1t Sis known that certain MEM
bers of this pool have suffered severely
in the recent decline, but there are
several of them who are in excellent
condition and ready to force prices TO
a higher level.
Tho excellent earnings of the Missouri
Pacific helped that stock and also had
a sood general effect. The accumula-
tive effect of increased railroad earnings
is beginning to be felt In the stock mar
ket.
American Sugar was about the
strongest OF the industrial issues and
advanced on buying by lower WnH
street interests and purchasing ac-
Sieuiteu 10 NaSnlnRt Ton. This was sup
posed to be due to the better prospects
for the passage of the reciprocity bill.
The old political crowd was credited
with buying American Ice. 1t is rumor-
ed that the company may receive some
fevors from the new Tammany admins
tratlon.
After the noon hour the market be-
came duller, but prices continued up
ward until Steel preferred sold at 81 rs,
common at II, Manhattan at 40 Ia, Met
ropolitan at l5 Ia, Pennsylvania at
ia Ia, and other issues up proportion
ally. Consolidated Gas advanced over
two points.
Atchlson was strong and a little bidd-
ing for stock developed the fact that
there was quite a short interest in 1t.
Union Pacific was strong In the face of
bear tips put out by the We'll crowd.
Rock Island preferred was. bid up with
out much trouble, but as the preferred
advanced there was quite n little selling
of the common, which looked really very
good. 1t Is known that the Moores are
doing nothing in this issue at this time.
The total sales of stocks were 424,4 400
shares and of bonds 81, 275,00O.