Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-11-21
FINANCE AND TRADE.
Money Cheap and Abundant in Wall
Street.
BEARS CURfAIL THEIR OBLIGATIONS
The IndustriaIs Enjoy a Sudden
Sput.
GENERAL MARKET REPORTS.
special Dispatch TO The Evening Star.

Special Dispatch TO The Evening Star.
NEW YORK, Nov. 2l.-Speculation wa.
somewhat improved this morning owing TO
the Increased uneasiness Of the bears. who
began TO curtail their obligations at OPEN
ing ngures. The market generally had i'm
proved from Is to 1 per cent over night
ana more substantial gains were recorded
On subsequent transactions. There was no
suihulant to influence prices beyond the
rear inspired by the abundant supply Of
cheap money TO be had for the asking
Sohdltons such as now prevail have never
iaied 10 produce a boom in prices as the
years themselves can testify. and they are
no" shifung their holdings 50 as 70 profit
by past experience
Inc beilef in a practically unchanged
'ar1H led TO some covering i'm Sugar. thar
was followed by good buying on later deal
lies lor long account After opening at
y IL IL advanced steadily for a gain OF
IL per cent, more than 1000 shares
changing hands between 9S and "a Ia.
Inc Vetoing OF the ordinances providing
Tor two rival Electric Light cornnanies I'm
Nnicaeo. "hich would have probably made
serious inroads on the receipts of the chi
easo Gas company, had a good effect Oh
the price OF the latter stock, which .a
Distillers gained i IA per cent ON goos
buying. and Co2dage profited 1 IS per cen,
by favorable article ia a morning paper
In the regular list although almost ne-
elected by traders, there were some encouI-
aging gains. Western Union advanced 10
% IL an improvement OF l-2 per cent.
burlington gained per cent to AZ "a ana
delaware and Hudson gained ? Der cent 4,
1875 5-S 80 ' ~
trading was more spirited than at any
utne Tor days, but there were no Indication
OF broader or less professional marked
Inc strike on the Lehigh Valley has nor
spread so as to affect other roads. nut IL
sun unsettled and may be more proloneeI
than al first supposed.
Inc directors of the Chicago and North
western r-Aroad declared a quarterly div
idend of l 81 per cent on the preferrei
STOCK OF that company and a serni-annuaI
ulVllend OF per cent on the common. both
payaoie December 70 to stockholders OF
record November ~.
The market for sterling and contina,,s,
exchange continues strong at fractional ad-
Tances from yesterdays ouotatiens Tha
continued scarcity Of commercial drawings
ana the absence of bankers bills are assignei
as the real reason for the advance Tba
volume of business in this department Is ex-
tremely narrow. Rates posted TODAY u-ere.
Gables. 4SS 81 and 4s6. Demand. AS Ia
ana 40 L. sixty DAYS 4S3 IL and AK -
Money ruled at l-2 per cent on can and
loans.
The clearing house statement shows ex-
changes. SOL. i,2+S, balances sGS,sS a..
and the sUbtreasury's debit balance
500. 1913
Prices were further improved during the
afternoon by a continuation OF the covering
movement. but sold on slightly at the begin
ming OF the last hour on realizing by the
room The market was very encouraging
In tone and invited buying on every conces-
sion, so that final sales recorded 1atterins
Improvement over initial figures.