Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-11-08
FINANCE AND TRADE.
Advancement in Prices ALI Along
the Stock List,
NDUSIRIALS THE FEATURE OF THE DAY
Considerable Idle Money Seeking
Investment.
GENERAL MARKET REPORTS.

Special Dispatch to The EveIng Star
NEW YORK, Nov. S.-Yesterday's hoii-
day and its results had a good effect on
prices in today's market. Initial quotations
reflected an Improvement ranging from II
to 1-2 per cent. London was firm and did
nothing of importance on this side The
industrials were the feature Of the day. and
advanced easily under prospects Of renewed
activity in manufacturing circles. The
short interest was first to appreciate the
situation, and Immediately developed
nervous eagerness to balance their accounts
Some of the leaders on that side OF the
market were said to have covered all out
standing contracts without taking the usual
group of small imitators into their con-
fidence, which resulted in decentralization
for the last named upon discovery of the
facts.
There were some good buying orders for
considerable amounts, which aided in ad-
vancing and Strengthening prices and en-
couraged the belief that money now lying in
idleness is seeking opportunities for invest
ment.
Friends of Chicago Cas- who sold their
holdings In anticipation of the recent bear
attack, are credited with buying back the
stock today. The stock was strong and
active, partly from covering, but more prob
ably because of the lack of foundation for
the rumors resulting in the decline. Open
ing at an advance of 1-2 per cent, a sim
liar amount was added sales up to %
and all offerings were eagerly accepted.
Sugar was also a favorite and covering
was perhaps the only reason for strength
in that property, which is threatened with
an adverse reduction in duty. An improve
ment of l-2 per cent to l0l was recorded In
the first half of the session.
Distillers advanced to 81 3-s. a gain of l-2
per cent, on transactions for both accounts.
General Electric. which has been freely sold
in anticipation of unfavorable develop
ments. regainei l-2 per cent TO AZ.
In the regular list Western Union gained
/ 3-S per cent to SO 3-s. Rock Island advanced
to 50 Ia, an improvement OF Ia per cent,
and Burlington gained per cent to 50 l-2.
The tariff question, considered by many
to have been the real reason for the de-
preston attributed to the Sherman bill, is
now believed to have been temporarily dis
posed of as the result of yesterdays cleo
lions. Traders during the afternoon in
clined almost unanimously TO this view,
and consider a most conservative treatment
of the subject the only safe policy.
Business enterprises throughout the
country would be stimulated into activity
and speculation would be greatly benefited
by such q course.
cived during the day announcing prepare
tons to resume the operation of plants now
lying idle under fear OF tariff revision. There
was no other news to influence the course
Of today's market and what Improvement
there was may be attributed to the above
reasons.
Money continues in good supply at TIE
rates previously quoted with the supply iu
excess of the demand.
The prices recorded during the closing
for the day, while the general list was at or
near the best