Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-12
FINANCE AND TRADE
Realizing Sales Being Made in All
Active Stocks.
SUGAR is THE FEATURE OF THE DAY
Gossip Regarding Possible Hostile
Legislation.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, November 12-Opening
prices were irregular this morning, with the
reactionary tendency the, more pronounc-
ed. Last weeks sharp advance is believed
to have proceeded a trife beyond the limits
justified by a conservative estimate of the
significance of Tuesdays elections. Realz-
ing sales were noticeable in all active
stocks, the Changers especially yielding to
transactions of this character. Actual con-
ditions are improving, but slowly, and even
under more favorable circumstances could
hardly have kept pace with the sentimental
enthusiasm of last week. The slight set
back today is, therefore, likely to have a
beneficial influence on speculative senti-
ment, which will insure more intelligent
operations in the near future.
Sugar came promptly to the front as the
feature of the day, selling up IL per cent
in the first quarter of an hour. Sales for
both accounts Were plentiful at the advance,
resulting in a well-contested decline triile
under initial figures. The manipulation from
the inside which traders so justly fear was
more conspicuous than usual owing to the
necessity OF sustaining the advance until
pool holdings are marketed. he street is
full of bear arguments on this property, the
most important one being the approaching
session of Congress. 1t is definitely known
that the defeat of the democratic party last
week is dSSlSueu d great lHSdouIe, Wy
party leaders, to the sugar trusts interior
ence in recent tariff legislation, and II is
also regarded as certain that retaliatory
treasures will be among the first efforts at
the resumption OF the winters session.
In anticipation of this result the price OF
the stock is now being advanced, 1t is De
lieved, in order to give impetus to the de-
cline in which insiders will participate at
the first overt act in the direction OF hosClle
legislation.
The coal situation presents no encourag-
ing indications of improvement and lower
prices for the stocks engaged in the trans
portat ton of that commodity are predicted
by Well-informed interests. Manhattan SOLD
up i per cent on early trading, but de-
clined l IL per cent under first prices on
selling for both accounts. Fractional con-
cessions were recorded in the less active
stocks of both departments.
The market for foreign exchange opened
steady with rates fully 1-32 above those
quoted on Saturday. The receipts of bills,
especially such are drawn against cot
ton, were very heavy, but the increased
demand from bankers was sufficient TO alb
sorb the supply at the advance.
The reported issue of a new government
loan. had a tendency to produce an easier
tone in this market, but the lack OF posi-
tive Information on the subject has tempo
rarily suspended its influence. 1t is re-
garded as certain that the loan will be
tons will close is believed to be more re-
mote than was at first supposed, probably
about the last of the month.
Prices shaded off during the last hour,
sugar leading the decline on large trans
actions. The sentiment at the close of
business was mixed with indications fav-
cring further reaction during the week.