Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-17
FINANCE AND TRADE
Speculation in the Interest of Lower
Prices.
CONCESSIONS IN THE ACTIVE STOCKS
Effect Of Smaller Crops on the
Western Roads.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, November 17.-Speculation
was resumed this morning almost ex-
clusively in the interest of 10, sr prices
The market showed no resistance 20 -ro-
fessional attacks, and substantial COZ. ces-
sions We're recorded In majority of the
more active securities There were no radi-
cal changes in the situation. bad earnings
and lack of interest combining to further
the depression. The bears have proceeded
cautiously for several days past, fearing a
sudden bidding up Of prices and forced
covering movement. but the indifference of
the opposite faction has encouraged a re-
sumption Of short selling by the dominant
element.
Beyond the short interest now In the mar
ket, the situation presents few arguments
favorable to immediate profits in the long
account Conservative and well-informed
operators agree that the financial outlook
Is making slow stride in the direction of
Improvement, but predict a continuation of
the present narrowness until interests Out
side OF the street recognize the change and
come into the market as purchasers Of
stocks
The character Of the weeks operations
mas been such as to clearly prove the wis.,
dom or this opinion. Every rally has been
utillzed Tor selling purposes, and the extent
OF the decline has almost invariably ex-
ceeded the gain on the rebound. The con-
Is at the mercy of the interests directly
opposed to Increased values.
Ihe Grangers We're active features Of the
| days trading, anQ yielded easily to the
| prevailing sentiment. st. Paul sold down
"a per cent on q reported decrease of
$l94, 46l in earnings for the second week
this month, and Nor thwest reacted In SYM
| pathy and In anticipation of a similar un-
| favorable showing for loss Of 1-2 per
| cent. Burlington and Rock Island lost 1
and Is per cent, respectively.
The condition Of, crops In the west has
| been clearly Indicated by the decreased
| tonnage of nearly all OF the grain-car-
| rying roads during the last week.
| Manhattan was again active and weak,
| selling for both accounts The confident
| character of the attacks on this property
would suggest the possibility Of certain
operators acting on Information withheld
| from general circulation. Lower prices are
predicted for the coming week.
The coal stocks, with Jersey Central
most in demand, were marked up from 1-2
ceptions to the general course of prices.
Sugar was weak on early trading, but rail-
| lied sharply at the close Of the first hour
| for a gain of 1-2 per cent and finally
closed at net loss OF Is per cent for the
day. The sentiment of the street continues
bearish on this property, as II is not believ-
ed that parliamentary tactics will divert
| the hostile legislation now threatened. The
intrusion of this company into federal
politics and the dilatory methods Of legis-
lation adopted in its interests are calculat-
ed to meet with a deserved rebuke during
the winter. Liberal selling of stock In an
ucipation Of this event will begin as soon
as level sufficiently high for the purpose
| is established.