Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-05
Tomorrow's Holiday Causes Dulless
in Speculation
A BULL MOVEMENT THEN PREDICTED
New Jersey Central Again the
Favorite.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, November b.-As was TO
have been expected. today's stock market
was singularly void Of incident. Tomor-
rows holiday and the interest In it's ac-
complishments resulted In extremely COM
monplace trading. The covering of traders
contracts, the source Of the days business
barely kept prices at the opening level. A
bull movement Is predicted to follow the
results Of tomorrows contest at the polls
provided the present forecasts of a republi-
can landslide are sustained. No provisions
have been made for possible disappoint-
ment in this connection. rally, in which
the trading element only are represented, as
would be the case with the one now In
prospect, would hardly be long-lived. Act
ual conditions coupled with higher prices for
active stocks would. in the present narrow
situation. attract a renewal Of short selling
by the professional element.
Jersey Central was again a favortte with
the bear element. selling down l-2 per
cent on selling for both accounts. The BELL
ing OF small lots of long stock. noticeable
at every fresh concession in price, indicates
a growing apprehension among investment
holders. The earnings Of the company are
by no means satisfactory. and the wisdom
Of continuing dividends at the present rate
Is doubtful
Official assurances that the company will
continue its usual disbursements. even
though the surplus is curtailed in conse-
quence may prevent liquidation by short
sighted holders for the present Lacka-
wanna sold up l 3-4 per cent on a small
volume Of business. and Delaware and
Hudson was barely steady around first
prices.
The Changers were all weaker, at O. re-
duction of IL per cent, Northwest yielding
easily under continued bear attacks. Peciho
Mail sold up per cent or buying of a SIM
liar character to that recently instru-
mental In attracting attention to this prop
erty.
The balance OF the regular list was not
materially changed by the days trading.
Sugar was dull and steady around last
weeks final figures. The next movement
in this property may be in the direction
Of higher prices by the reaction that will
follow. and Is likely to prove the more profta
BILE. The accumulation of long stock by the
only well-informed element, namely. those
on the inside of the company's affairs, will
not be begun at the present level The re-
assembling of Congress is not favorable TO
higher prices for a stock again liable to
the abuse incident to legislation against q
monopoly. National Lead and Chicago Gas
were steady with indications Of impending
Improvement.
steady on a small volume of business. The
receipts of drawings against cotton were
liberal this morning. but scarcely up to
those of last Monday. Actual rates are
fully 1872 lower than last weeks average
and gold exports are, therefore. not likely
for the present.
Prices steadied up fractionally during the
last hour of business. but no important
transactions were recorded. The covering Of
shorts was responsible for the improvement
assisted by moderate purchases In anticipa-
ton of a higher opening on "Wednesday
morning