Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-24
Dizziness the Most Pronounced
Feature Of Today's Speculation.
COAL STOCKS ATTRACT SOME ATTENTION
Changers Advanced on a Fair
Volume of Business.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, November 24-Dullness
was the most pronounced feature of to-
days stock market and prices, with few
exceptions. were stationary at opening
ilgures. The room is short of stocks and
was disposed to cover, more from lack Of
other business and the depleted condition
OF the borrowing list than from any i'm
provement In the general situation. Should
the Northwest dividend prove disappoint-
Ing to the bears next week, speculative
feeling will change for the better, but a re-
duction Of even / ger cent from the pres
ent rate would undoubtedly be construed
as vtndicating the pessimism of the last
few days, and would encourage a resump-
ton of hostilitics against values. What
the real merits of the present speculative
situation may be, the bears are In control
OF the quotation-making machinery and
have much the more superior organization.
While the bulls are waiting for the sudden
development of some favorable material
the believers in lower prices are tempting
profits through the medium of manipula-
ton with moderate success.
The coal stocks attracted some attention
from the trading element, Jersey Central
being especially in demand on an ascend
Ing scale, eliminating in gain of "a per
cent from first prices. Reading was weak
on moderate trading, which resulted in a
L per cent reduction in price. The senti-
ment OF the street has not changed ma
terally on the subject OF the seasons coal
trade and lower prices for the stocks de-
pendent thereon for the bulk of their
traffic are predicted.
The Changers were marked up from IA
to "a per cent on a fair volume Of busi-
ness, mostly covering. st. Paul reported a
decrease of S111.226 in earnings for the
third week this month, which was not
considered in the stocks transactions. as
such reports are to be expected during the
balance of the year.
The weeks transportation of grain has
not been of sufficient volume to alter pre-
vailing opinions as to the Improbable bus
mess of these roads. Manhattan was
bought by traders for gain of 1-2 per
cent, the attacking party having temper
arily withdrawn from active efforts in the
interest of lower prices.
The balance of the regular list was neg
lected, but in the main steady at small
fractional gains. Sugar was the feature of
the industrials, but within more restricted
limits than usual The inside interests are
thought to be contemplating an advance
in the price of this specially. but the belief
In strong agitation of the free-sugar pro-
ject is decidedly pronounced among certain
prominent operators. 1t Is not generally
believed that the trust will suffer from the
outcome of this debate but lower prices
would surely prevail during its contin-
uance. Traders predict that sugar will be
as pronounced a feature of this winters
market as IL was during the spring and
summer and that wider range of prices
will be recorded.
The receipts of bills drawn against cot
ton shipments are in fair volume but
other classes of bills are scarce.
The bank statement reflects a gain of
s., SOC. 900 in lawful money, due in the main
to the accumulation Of out-of-town funds
to be used against bond purchases. The
large decrease In the loans is again the
most conspicuous and, at the same time
the most unfavorable feature of the report
The statement in detail follows: Reserve
increased $3,053,550, loans decreased 49,
933, CO., specie increased s1,63S 400, leeals
increased sS71, 100, deposits decreased 81
1920 and circulation decreased $4,000.