Evening star., 1896-11-27
Unfavorable Statements of Earnings
Depress the Changers.
EXPECTED DECISION IN LACLEDE GAS
Effect Of the Reported Spanish
Defeat in Cuba.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

SPECIAL Dlslbatcn Evening Star.
NEW YORK. November 27-Opening
prices this morning reflected the irregu-
| larity of London cables. and yielded later
in the day to professional selling. The
main features of the market remain as un-
satisfactory as heretofore, and influential
interests show no disposition to interfere
with the program of the room. The gran
ger shares were sold for fractional conces-
sions as the result OF the unfavorable re-
ports Of earnings recently submitted and
the likelihood of similar showings for the
| immediate future.
Manhattan was well supported during the
early trading. notwithstanding a manifest
disbelief in the permanency of the present
speculative level. During the noon hour
the selling OF the property became more
coihdent and decline Of IL per cent fol-
lowed.
Omaha was bought moderately for a gain
or per cent On growing Improvement in
Its business prospects.
American Sugar and the various securi-
ties Of the Spirits Company were well sun
ported during the greater part of the day.
Interests recently identified with the more
lmportent movements in these shares con-
tinue to be conspicuous In the manipula-
ton.
Laclede Gas common declined per cen,
from Wednesdays closing price on the
now pending in the Supreme Court. The
recent activity In the stock has been based
on the probability Of a favorable opinion
but sentime mt changed abruptly during the
day. the price yielding easily to moderate
selling for both accounts.
Inc published dispatches, announcing a
severe defeat of the Spanish troops in Cuba
were conceded to be filled with improbable
detalis, and were not permitted to un-
settle the market to any significant extent.
1 he attitude of Congress in this matter is
an unknown quantity, to which shreyd
operators attach considerable importance.
Important undertakings are to be post
pcned until all doubt Oh the subject is dis
PEELED - ~
lhere are no stocks pressing for sale
ana any attempt to cover outstanding short
contracts or any increase in the demand
would cause a sharp recovery. Except
Tor the purpose of covering I'D contracts a I
the end of the week there is little likeli-
mood OF movement Of either description
ihe movement Of currency from interior
points has been restricted considerably on
account of yesterdays holiday. Tomor-
rows statement will CONSEQUENTLY reflcct
only such shipments as were made I'M IN
and including Wednesday night. The gain
In cash holdings is estimated to be between
TWO and three millions, the interior and
subtreasury operators both contributing to
the holdings Of the banks Last week =
estimates were very misleading in these
respects, actual figures showing gains con-
siderably In excess of outside figures. Sim
uar results are not unlikely this week
The trading of the final hour reflected no
new developments. ADom operations consti-
tutfng the bulk of the activity The NET
changes 1or the day were fractionally ir-
regular. declines predominating Money
ana exchange rates were not altered sufti
Gently to give them any new Significance
as speculative factor.