Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-20
FINANCE AND TRADE.
Coalera Were in Good Demand, Read
ing Especially.
VOLUME OF BUSINESS WAS SMALL
Prices Were Supported, but Not
improved.
GENERAL MARKET REPORTS


Special Dispatch to TIE Evening Star.
NEW YORK, November D.-The main
features of today's transactions in the Sc
curity market were Identical with those of
yesterday. Prices consequently were only
supported, not improved. There is no con-
fidence in lower prices outside of the room
and even there some skepticism is notice
able on this point. Any Increase in the
demand should result in a covering move
ment Of moderate proportions and recent
fractional concessions should he restored.
American Spirits and Sugar were literally
sold by traders, the manipulation being
temporarily Withdrawn in the case of the
fo rmer and the decline being part of the
manipulation in the latter
A further reduction in all grades of soft
sugars aided the latter movement.
The general market gave little heed 10
the action of these properties and was well
sustained Notwithstanding IA disappointing
volume of business.
Consolidated Gas was a feature of the
days operations. good volume Of buying
advancing the price 3k per cent from the
q ening level Rumors of a probable scrip
dividend In the near future inspired the
major part of the activity. The company
has All amount of treasure stock which il
distributed as suggested. would be equiva-
lent to dividend of 10 per cent on the
present issue.
The decision of the company in regard to
the disposition of this stock should be made
known during the coming week
The anthracite coal shares were again in
good demand. Reading especially being
bought In round amounts by interests thor
oushly Ianiiiar with its prospects. The
movement in this property predicted to
follow the elections, has not assumed pro-
portions equal to general expectations Any
ACTIVITY favorable to the price of the stock
now Is likely to be regarded as the com
menccment Of the much-delayed movement
Inc narrowness Of the general market
however. operates to the disadyantage nj
enterprises of this character
traders sold the general list during the
afternoon on the news of a declining wheat
market. commission orders were reduced
70 minimum end prices yielded easily
| from lack Of support Tie decline brought
out no significant amounts of stock and
| the extension OF the short amount was NOT
protested by those committed on the oppo-
ste SIDE or the market. The actual owners
OF securities may permit others to fig their
value Tor time. but not for a long time.
1t Is estimated that the banks will show
a gain of about $7.&W,O00 In cash holdings
IN tomorrow's statement of averages Car
sidering the liberal gains recorded for the
previous week this Improvement is unusual
ly large. Money rules easy around 2 ner
cent, recent loans being at or below that
rate. The abundant supply of money and
! the optimistic character of all vital bust
ness advices are tors which sooner or
later must come into greater prominence
London advices report a slightly sitter
discount market as the result of the con-
tinued demand for gold from Russia.
The local exchange market was slightly
easier as the result OF less urgent demand
from remitters.
The dullress of the morning was empha-
sized toward the close of business, prices
becoming stationary daring this period at
irregular net changes for the day.