Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-02
Opening Prices Were Higher and Sub
sequently Improved.
CONFIDENCE IN TEE ELECTION RESULT
No Attention Paid the Fluctuations
in Money Rates.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, November 2.-Opening
prices this morning refecred advances
varying from is to 3 per cent. and were
generally improved by subsequent trading
The evening UP of contracts over the cleo.
tions furnished the incentive 10 most OF the
days operations, the closing out of snort
contracts being especially marked. Holders
OF securities were not disposed to SELL and
belated buyers were obliged 10 pay literally
for their purchases
Inquiries from out-of-town clients made
up a considerable proportion of this morn
ing's mail, and indicate a desire to rein
vest the funds frightened INFO concealment
by the silver agitation. Cash transactions
were unusually numerous, as :he result of
the almost unanimous desire TO reduce LA
bilities in the short account.
No commission business of significant
volume was reported, but representative
houses have encouraging assurances OF
profitable activity should election forecasts
be indicated in tomorrow's voting. Con-
fidence in the result general
glance at the days range Of values fully
attests Money fiuctuated widely. loaEing
early in the day at the legal rate and dur
iEg the afternoon at the legal rate ana a
commission OF Ia per cent
As was the case last week. no attention
was paid to the huctuat lions in money. II
the need for money should arise for new
enterprises, the cause for the demand will
increase the supply. Hoardcd money re-
turning to perform it's natural functions il
II lied upon to make a marked Impression
on values beginning where sentiment ends.
A market limited to the passing whims OF
professional traders for a protracted period
promises to develop into a market domi-
mated by clients and not by brokers
Holders of securities will assist in deter
mining their value ard in protecting value
orce IL is created. These views are IN
dorsed 10y all classes OF conservative ope-
rators, beca use OF the confidence in the po-
Hucal outlook. disappointment in this
spect would assuredly be followed by re-
suits already vividly portrayed in cam
paign arguments.
The activity of the low-priced stocks was
a conspicuous feature of the days transac-
items, good volume of business in these
securities being followed by substantial net
gains Reading Tennessee Coal and Iron
and tnicn Pacific were especially active
under a well distributed demand. Ameri-
can Sugar was marked up , per cent on a
large volume Of business, mostly profess
SIGNAL
The Granger shares were I'll strong and
fairly active. The business OF the day WAS
well distributed. Notwithstanding It's pro-
fcssional character.
The largest interests in the market have
not been among recent purchasers. Ex-
tensive holdings acquired some time ago
have been held through variety of add
verse developments, and have not been ma
terially increased. The pro; ecton of in
terests already vested has been a considela-
ton paramount to all others.
Ventures reasonably certain of success
have been put aside and policy of con-
servatism strictly adhered to on all occa-
sions. The relaxation OF tension of this
character must result in great benefit to
the general market once activity is re-
sumed. Should the market continue unin-
terruptedly upward from Wednesdays
opening level these interests will be taken
to have begun operations without; regard
for prices. Should a recession from n
higher level result, the assurance of cx-
cellent support. once the profit taking is
over. should encourage confidence i'm a slow
and well sustained advance under new
conditions.