Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-08
Election Returns Dominate the
Course Of Speculation.
ANOTHER ADVANCE This MORNING
Jersey Central the Most Conspic.
uous Stock.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, November Selection re-
turns continue to dominate the course Of
speculation Deliberate reflection has re-
suited in a belief among traders that yester-
days sharp advance, while perhaps a trife
over Jealous, was not altogether unwar-
ranted. Instead Of uncertainty as to the
character of legislation where financial
questions are Involved, there is now a feel
ing that intelligence and conservatism will
combine in producing the best results. The
success of the rally at the close of yester-
days business encouraged a further bidding
up of prices on the short interest this morn
iEg with equally satisfactory results. The
volume of business was good. but confined
largely to the professional element.
The sentiment of the street is decidedly
hopeful, and moderate profits on the long
side are likely to reward the present move
ment. The absence of any important pub
lie interest in speculation is the greatest
drawback to a substantial rise in all parts
of the list.
Jersey Central was the most conspicuous
feature of the railway list, being actively
dealt in at an advance of per cent. The
coal situation presents no encouraging in
dications of improvement, and the short
interest is, therefore, entitled TO the credit
of this advance.
tinuation of present dividends. provided
the earnings OF the road increase during
the balance Of the year. In order to ac-
complish this decided change In the coal
market is necessary, a contingency not at all
probable, as judged by prevailing reports.
Delaware and Hudson gained IA per cent
on covering, and Lackawanna i per cent
from the same cause.
Burlington was unusually active at the
opening and throughout the early trading.
gaining l per cent on liberal transactions
for both accounts. Northwest also gained
l per cent, and the remainder of the
grangers were active at fractional ad-
vanceS.
The defeat of the populists in the west
was the argument used in support of the
changed opinion On these properties. The
fractional gains were recorded in almost
every instance. Sugar was an exception at
the start, declining nearly l per cent on
selling by both classes of traders.
Later the price stiffened up, and under a
good demand from both the shorts and the
pool brokers an advance of IL per cent
from low figures was recorded. Manipula-
ton Is still apparent in this stock, and in
side interests art pot among the purchasers
at these prices. Trade reports furnish no
argument on waich to bull the property.
The strength of the general market Is
therefore utilized to mark up prices in the
interest of the pool. The balance of the in
dustrial group was strong at moderate
gains for the day.
The market for foreign exchange Is easy
on a small volume of business The receipts
of bills continue good and are about equal
to the demand.
The last hours business was moderately
active and strong at substantial gains.
Sugar was the feature of the final trading,
advancing under purchases Of liberal
amounts by brokers usually active in all
important movements in this stock. Refined
sugars were advanced 1-16 during the day.
Final figures in all parts of the list reflected
net gains for the day.