Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-15
Sugar Stock Again the Center Of
Interest.
ATTEMPT TO FORCE IT UP TO PAR
Speculation Generally Narrow and
Featureless.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star 80
NEW YORK, November l5-speculation
was confined almost exclusively to the
room element this morning and was mar
row and featureless in consequence First
prices were irregular, but the covering of
shorts resulted in fractional advances in a
majority Of the rec emily active specialties.
The demand for stocks in the loan crowd
reflects the presence of n large short inter-
est, which is likely to furnish sufficient in
centive to higher prices later in the week
Published reports of railroad earnings were
not favorable, and the prospects for I'm
mediate improvement in these items are
not encouraging. The postponement of ac-
ton or the Burlington dividend occasioned
no surprise. as the president of the COM
pany is absent in the west, and will not ar
rive in Boston until early next week. 1t is
probable that the usual quarterly dividend
will be declared within the next ten days.
The directors of the National Lead Com
pany declared the usual dividend of l 81
per cent on the preferred, and ! per cent
on the common stock of that company.
The dividend on Northwest will be acted
on at an early date, and sentiment is d.
vided as to the result.
The Changers were marked Up from IA
to 1-2 per cent on limited volume of busi-
ness, and the covering of short contracts
added IL per cent to Western Unions
value
Manhattan was sold down by a prominent
operator, and the usual bcard-room follow
ing, Tor loss OF / per cent all of which
was recovered OH an effort to buy back the
stock later in the day. Reading securities
were all weak under the leadership of the
same peSsimistic element.
Sugar was active and eiratic as the re-
suit OF covering and manipulation. On
early trading the price was marked up
3-S pei cent to 80 3-S, but yielded to the
selling attracted by the Improvement for
concessions equal to oIe-half of its early
gain. The sentiment of the street is bear
ish in this stock. but operators most en-
phauc In this view are not willing to sell
the stock until a rally from present prices
enslIes. The manipulating interest Is ex-
stock touch par before the opening OF
Congress. The liquidation Of long holdings
from an unexpected quarter Is credited
with the recent defeat of such an effort.
National Lead, common, moved up Is
per cent on buying for both accounts, en-
couraged by the declaration of the usual
dividend
The market for foreign exchange opened
steady on limited volume of business.
offerings of commercial bills and the in
quiry from remitters was somewhat i'm
proved. The recent light trading in inter-
national securities makes the arbitrage
business of little importance as a factor in
exchange rates. The last hours trading
was dull and inclined to weakness
Sugar was the only active feature of the
final trading, selling down to first prices
on a renewal of short selling by the pro-
is still a disturbing element in specula-
ton and unfortunately cannot easily be
deprived of its leadership Final figures
were irregular within fractional limits