Evening star., 1896-11-05
Lower London Prices Influenced Do
mestio Quotations.
EFFECT OF CONTRADICTORY CLAIMS
Had a Disturbing Influence Not
with standing Their Absurdity.
GENERAL MARKET REPORTS
Special Dispatch 10 The Evening Star.

Special Dispatch 70 The Evening Star.
NEW YORK, November 5.-Lower prices
on the London market, due to profit-tak-
ing at that center. were duplicated in open
ing quota tions on this side. Traders sold a
few stocks and were disposed TO trade I'm
the interest of lower prices during the en-
tire morning. The continued claims of the
defeated political party had a disturbing in
f1uence. Notwithstanding the manifest alb
surdity Of the figures and states used.
The course of prices, however, conformed
to the tenor Of the latest political advices.
Underlying speculative sentiment is
strongly optimistic, and a period of COM
mercial prosperity is confidently looked
forward to by shrewd judges of the situa-
ton.
After the early depression a good de-
mand for securities was encountered and
net gains followed in many instances.
Manhattan was opened down as low as
possible. and depressed on few hundred
shares 10 93. At this price a sharp demand
In the interest Of both acc ouhts became ap-
parent, and the price was forced up to
36 1-2 on a good volume Of business. most
ly professional.
American Sugar sold down per cent un-
der realizing sales but the buying at the
decline was superior to the selling. The
declaration of a per cent dividend on the
stock Of the American Tobacco Company
was followed by an advance of equal pro-
portions in the stock.
The dividend and the profit incident TO
the advance inspired thereby are likely TO
go wholly 10 inside interests.
Rock Island and Burlington Were strong
under encouraging buying, in which ccm-
mission houses We're fairly well represent
ell. The earnings of the latter road are
expected to improve during the balance of
the year, as the result OF an increased
corn tonnage.
The earnings of st. Paul for the fourth
Week in October reflect a decrease of Sltc;,
1Go, which, added to the reports of the pre-
vious weeks. increase the loss for tho
month to $31l.1.a
Rock Island for the fourth week reports
decrease of S5S. .si9. making the total
decrease for the year TO date SOC 1.n.
Confidence in future prosperity continues
10 prevent declines of significant propor-
tions on present adverse reports.
Chicago Gas bought libcrally by in
terests I'm position to judge most accurately
Of its value. The courts permission to re-
sume dividends, the actual announcement
that one will he paid to stockholders dur
ing the month. and the defeat of the COM
panys political enemies. are factors fully
justifying a substantial recovery in the
price of this property.
The company'S ability TO earn dividends
has never been questioned: its ability to
pay them has, and by the process of in
junction so literally criticised I'm the public
utterances Of the men most frequently
using il against this company.
The money market was decidedly easier
throughout the day. rates ruling around 4
per cent during the active borrowing period.
Mopey boarded over the elections is slowly
returning to swell the bank deposits. and
will shortly become a speculative factor
The Bank of Engldnfs rate of disc ouat
is continued at per cent. ana all sterling
conditions are reported to toe satisfactory.
Foreign bankers are divided on the prob
ability of an immediate resumption Of gold
| imports.