Show s Financial and Commercial L LITTLE LIFE IN 1 STOCK MARKET Call Money M ney Was WasP Up at the Opening and Prices Re Receded Receded Receded ceded in Consequence RECOVERY LATE IN THE DAY j CLOSE WAS FIRM AT NEAR THE TOP TOPI I New York lOrk Nov Xo 20 roThe The stock market I was Mas In a L torpid state today Prices re rc eded ed In the early earr part of the day da under the stress of the pinch In the money mar market markt markt kt ket There Thore was a recovery later to about the level Jevel of the closing pa Wednesday The rhe movement was languid and uncertain d ai RL a all aJ times except In a few special stocks Tile Tho Hill stocks showed aggressive and their advance was an In Instrument Instrument InE E strument In the recovery in the general market Assertions were current which were made with great that It already determined to issue 50 O Of f O jO now new Great Northern preferred stock tock T to stockholders at par part of the pro proceeds I eeds to be employed in taking over oer the thet t holdings of Burlington rI The rhe proceeds of or the transaction to North Northern f era ern rn Pacific it was also asserted were to tobe tobe toI I be distributed as an extra disbursement to toI I stockholders of that company compan c Tho lamentable death of the president of 1 the Southern Railway was the subject of regretful comment in the financial dis lIs district f triet but the effect on the quoted value I of tho tim stocks of the road were scarcely t perceptible There were transactions in inI I Tennessee Coal at a price prie ono one point higher I than on Wednesday although althou h the rights t of subscription to new stock which came 1 t of the stock today toda were quoted quotel at 8 i f The valuation placed on the thc dividend of 6 i per cent In stock of the tile Pullman com corn company compan pany pan was waa indicated oy by the difference in quotations of ot 1 on the stock st ck with the dividend off of and that of o Wednesday I which was The flurry in the money mone market was sufficiently explained by the movements of the week taken in connection with the heavy requirements tit fit tomorrows settlement The ur alone has taken from the N Trunks This does docs not include deposits I with rith that institution for transfer to San Sank k Francisco 1 o of and to New Orleans t of or o The estimates compiled complied from statements by b the banks indicate that the movement by express also has I shifted d again in favor of ot the Interior to the extent of nearly nearl There has haa been an outgo besides to Canada The loss of cash by b the banks r lip up to Wednesday evening Is variously es estimated estimated estimated at from to As the tho surplus reserve stood on last Saturday at a below the item would be cut cutto cutto cutto to near the vanishing point without any c change In the loan item All Alt the probabilities ties are in favor faor of an expansion In that Item which would tend to impair the sur stir surplus surplus plus still UIl further The easing off of In the C money mone rate to six per cent after aCter having rose to above SO sJ per cent was isas the effect l of or offerings by a single banking institution tion The rate subsequently went to the i A highest for the day at 27 Z 7 per percent cent Money llone I in London were considered much r brighter by b reason of the substantial re recuperation revealed in the weekly state statement ment of or the Bank of England There was a R further large gain in bullion by b bA byr r A that today toda Including another br 1 million dollars doUar from Paris and q yesterdays gains were more than sufficient I dent to offset yesterdays s outgo to t Brazil The private discount rate yield yielded pd ed d easily today toda and at a rate to give rise i to tn discussion of a possible reduction in inI I th thO bank rate during December Stocks I w were wre re indifferent to the late lat tension in the I 1 I money mone market and closed very ve firm at the ft fi too tin prices of the recovery IJ Ponds were irregular Total sales saleE par parI I value I t r 1 S bonds were unchanged on call |