Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-10-17
Various Circumstances Combine to
Help Prices.
ADVANCE or One PER CENT IN SUGAR
Manhattan Conspicuous Figure
in Speculation.
GENERAL MARKET REPORTS
Sp, cial Dispatch to The Evenipg Star.

Spt cial Dispatch to The Evening Star.
NEW YORK, October IA reactioaary
tendency in the foreign exchange market,
due to liberal offerings Of cotton drawings,
subsiding of gold exporting rumors, The
hopeful interview on the business outlook
with Pennsylvania president, and pros
poets of a satisfactory settlement of west
ern rates, were factors utilized to good pur-
pose in today's stock market The trading
was well distributed, but in the main pro-
fessional. The short interest betrayed the
expenses of the improvement, particularly
in the railway list where the percentage
of gain, contrary to recent custom, exceed
ed the improvement in the industrials.
Rock Island advanced steadily for gam
of l IL per cent under pressure of liberal
demand from the shorts, and Burlington
and st. Paul recorded advances of IA
and i per cent, respectively. Northwest
gained IA per cent, and Western Union,
is by the same interests recently con-
splcuous on the opposite side or the market.
Manhattan regained "a per cent OF It's
previous losses, and has many friends
around present prices.
The bear raid so successfully executed
against this property at the beginning of
the week, may be duplicated, in the hope
of covering outstanding short contracts. 1t
is stated on good authority That the com
plily has anu Will pay iuii U pei
cent dividend for the year. The superior
short-haul facilities of the surface roads
have undoubtedly made inroads on the rev.
enueS of the elevated, but have not inn
PAIRED Its Investment advantages.
A Willingness to buy on AL concessions is
noticeable among certain strong interests
already on the company's books. The po-
litical agitation Of rapid-transit system to
be operated by the city is probably the only
potent argument on this stock
Sugar sold up l per cent during the morn
ing on the skillful manipulation OF bob
tail pool organized to take profits from a
fofced covering movement. Inside interests
are not buying, surface indications to the
contrary notwithstanding. Purchases, ex-
cept for a quick turn, are no more war
ranted than they were at the last appear
ance of present figures Short stock is be-
ing put out on the advance by operators
usually successful IN their dealings with
this property.
Chicago Gas is regarded favorably by con-
sentative traders, and sold up "a per cent
in sympathy with the prevailing sentiment.
General Electric gained IA per cent on a
fair volume of business, and the balance of
the list was steady at unimportant changes.
The important event of the afternoon
trading was the announcement that the Bal
timOre and Ohio had reduced its dividends
to a per cent basis instead of ,, as hereto
fore. Simultaneous with this announcement
came drop of per cent in the price of the
stock, followed by partial recovery later
in the day. Realizing and renewed short
selling based on this action had depress-
ing influence on other parts of the list. As
no fast steamers sail before Saturday, 1t is
not likely that any gold will be taken for
shipment prior to that date. If at all. Final
trading was moderately active, Sugar lead
ing the list al concessions from the best
prices of the previous hour.