Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-11-24
FINANCE AND TRADE
Advance Throughout the Inter
national List of Securities.
CUBAN RUMORS AGAIN CIRCULATED
They Served to Cause a Decline in
Sugar.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, November 24.-The cover
ing OF ali outstanding short interest in the
London market, resulting in uniform adj
Farces throughout the international list,
attracted an improved demand i'm the To-
cal market this morning. Opening prices
rejected advances varying from u to "a
per cent. AMI, in many instances gained
additio nal fractions later in the day The
making UP process in London, incident TO
the regular fortnightly settlements at that
center. d:sclt sed an outstanding short in
crest In American securities, and created
good demand during the opening hour
Lower rates for money abroad. and the
prospects OF a receding exchange market,
coupled with the improved BUSINESS OUT
look. prevented further significant sales by
the room.
Shorld London become a buyer for the
long account at the conclusion of the SET
Elements the local professional element
the market.
The improvement during the early for.-
noon was not the result of any material in
crease In the volume Of legitimate outside
Iuying, and in his respect was unsatisfac-
tory.
In Manhattan and Sugar traders took ad-
vantage OF the Improvement to sell mod
erately Tor both accounts
In The case of Manhattan the recently
submitted statements Of earnings was Of
Tered IN Justification of the position as
| stunned. and Cuban dispatches coupled with
the assembling of Congress, served a SINH
lar purpose III the case of Sugar In the
railroad list Burlington was a feature. the
| short interest in that property being out OF
| all proportion to such marrow market.
The covering Of recent sales was. therefore,
responsible for all the gain, and nearly ali
| OF the activity in the property. The buy
ing OF the shares having a foreign market
vas continued during a greater part of
The day and served TO prevent significant
concessions.
The control of prices has not been sur
rendered to interests desiring q higher
speculative level. and there is consequently
little laith lii tie permanency of the i'm
provenent.
Thursdays holiday may be the occasion
OF some covering tomorrow but Il is not
likely tnat substantial improvement Will
result
The vague details of the Cuban war are
OF a character Inspiring extreme caution
| on the part of conservative investors In
| III the Presidents annual message to Con-
| gress Is submitted, the sensational and
oVerdrawn newspaper accounts of the sit
uation will be accepted as possibly true
me absence of probability will not improve
prices In advance Of the actual facts; il
n ay, however, support them.
The absence of any demand for stocks az
tle ADVANCE resulted in new selling during
| the final hour by interests CONSPICUOUS in
the early movement. The market is wholly
| Ia the control OF traders, and il is useless
10 predict immediate results. Conditions do
not favor a declining market but the con-
| unued Withholding CT mcnied interests con-
tributes directly to the success of the pro-
fessional campaign now in progress.