Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-11-22
FINANCE AND TRADE.
Many Orders From Commission
Houses In Wall Street,
BROKERS LOOK FOR HIGHER PRICES.
London Again Appears as an
Active Buyer.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK, Nov. 22.-Commission hous-
es came into today's market with a liberal
supply OF orders that were evenly distribut-
ed throughout the list and gave to specula-
ton the incentive necessary to higher
prices. The volume of business from this
source was not large but it relieved the
market from the narrowness incident to
professionalism. The shorts are credited
with the improvement of the last few days,
but the reasons for their change Of front
are being used as an argument in favor of
higher prices by the opposing fraction.
The continued improvement in the bond
market is a source Of great encourage
ment to brokers. who are confident that
the stock market will eventually attract
the same buyers by reason of its superior
Inducements.
London was an active feature in today's
market and bought literally of our securi-
ties the preference again being given to St
Paul.
: The bulk of the buying outside of the in
dustrials reflected an unmistakable invest
ment demand and made the covering pro-
cess in diyidend-p paying securities extremely
unsatisfactory to the bears.
The question of a dividend on Chicago
Gas is one that comes up for consdera ton
within a few days and indications now
point to the usual per cent with the COM
pany's scrip substituted for cash. The
stock was strong today at an advance OF 1
per cent from closing figures to "a 1-2.
General Electric was depressed by per-
sistent hammering to &c "a, a loss of ga
per cent from the opening.
Cordage sold off at the opening on some
criticism of the published report of the
company, which shows little encourage
msnt to holders Of the common stock. The
price rallied on later dealings to "a, a gain
of per cent
Burlington was strong on covering and
some good buying OF small amounts and
profited l Ia per cent to 81 IA. Delaware
and Hudson opened at an advance of -
per cent and added as much more TO
157 l-2 before investment orders were sup
piled.
St. Paul was conspicuous for the amount
Of buying ii attracted, and gained i per
cent to Is 1-2, in the neighborhood of which
price 1t was supported.
The decrease of So, 90 i'm Atchison's earn
ings for the second week this month had
no perceptible effect on the price of the
stock, which ruled throughout the day at
1-2 per cent advance over closing figures.
Money on call loaned as low as ] per
cent, and an additional per cent was all
that was necessary to add the time limit
The clearing house statement shows ex-
changes, SIS POI Jag; balances, A,3l0,9S7, and
balances, S273, 706.
suited in a slight yielding Of prices, which
quickly gave way to the increased demand
that Immediately preceded delivery hour.
The sentiment of the room was changed
for the better. and with the necessary re-
actions excepted the room is inclined 10
look for profits on the long side.
There was more actual business trans
acted today than at any time for weeks.
and closing prices reflected moderate gains
throughout the list.